Wave Chief Scientist Dr. Robert Thibadeau to Moderate Presentations on Digital Storage and Data Protection at Storage Visions 2011

Demonstration: Super Fast Switching Between Operating Systems Running on a Single PC

Lee, MA December 22, 2010 — Wave Systems Corp. (NASDAQ:WAVX www.wave.com) announced today that Chief Scientist Dr. Robert Thibadeau will host a discussion titled, “Finding, Protecting and Using Content” at the Storage Visions 2011 Conference in Las Vegas, NV on January 4th.  The session will feature six leading security and storage industry experts, exploring the impact that digital storage can have in providing greater privacy protection, as well as advancements in content indexing and search.

Wave Systems’ Aidan Herbert, Product and Technology Manager, will be one of the featured presenters on the panel.  Herbert’s session will focus upon the evolution of data protection technology over the last decade, with a special focus on self-encrypting drives (SEDs). He will speak to the underlying technological differences of embedded hardware encryption, from superior security (keys are generated in hardware and never exposed outside the storage device), to better performance and ease of management.        

WHAT:    Presentation and Panel, “Finding, Protecting, and Using Content”

WHEN:    January 4th 2011, from 10:30 a.m. to 12:00 p.m.

WHERE:  Storage Visions 2011 Conference at the Riviera Hotel, Las Vegas

“On every level—industry, enterprise, and individual—the gap between what we expect of our security and what software-only systems can deliver is increasingly evident,” said Dr. Thibadeau. “Hardware-based security, when correctly implemented, can eliminate this discrepancy by providing advanced data security and identity solutions that streamline a machine’s performance, rather than slowing it down.”

In an effort to reinforce industry best practices of standards-based security, the majority of the speakers will examine the methods of—and concepts behind—secure data storage. Representatives from Imation, Samsung, Spectra Logic and Toshiba will join Wave, offering talks on security from a variety of vantage points: office imaging systems; regulations compliance’ removable storage media; and multiple levels of authentication.

Demonstration: Super Fast Switching Between Operating Systems on a Single Processor
Also during Storage Visions 2011, Wave and LynuxWorks™ will show another advance in virtualization that leverages the capabilities of a self-encrypting hard drive. Virtualization allows IT to run multiple virtual machines on a single physical machine.  

In the Storage Visions demonstration (Trusted Computing Group Booth # 29), representatives from both companies will show instantaneous switching between independent operating systems—done at the touch of a key. As one Windows 7Ô operating system plays a multi-media event, a second operating system retains administrative control, while the other continues to run. The two “instances” of Windows run in one section of a dual-core processor, while a Linux operating system runs in another section (or core).

“Most virtualization software is noticeably slow in switching from one OS to another,” said Dr. Thibadeau. “We’ve addressed that issue here and what we’ll demonstrate offers some promising capabilities going forward.”

The enabling technology behind virtualization is an embedded hypervisor and separation kernel, which boots the PC and manages each separate OS instance.  The separation kernel extends to the disk drive (separating resources inside the PC for different instances). In the case of the Storage Vision demonstration, an Opal-based self-encrypting drive (SED) is used, offering added security for a virtualization environment.

LynuxWorks and Wave conducted their first collaborative demonstration at last September’s Trusted Computing Conference hosted by the NSA. http://www.wave.com/news/press_archive/10/100914_Lynuxworks.asp#

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About Wave Systems Corp.

Wave is a pioneer in hardware-based PC security that provides software to help solve critical enterprise PC security challenges such as data protection, strong authentication, network access control and the management of these enterprise functions.  Wave is a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security.  Wave’s EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG’s industry standard hardware security chip, the Trusted Platform Module (TPM) as well as hard drives that comply with TCG’s “Opal” self-encrypting drive (SED) standard.  Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than most existing software-based encryption solutions.  TPMs are standard equipment on many enterprise-class PCs shipping today and have shipped on an estimated 300 million PCs worldwide.  Using TPMs and/or SEDs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions.  Visit http://www.wave.com for more information.

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This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends.  The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.  Wave assumes no duty to and does not undertake to update forward-looking statements.

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Michael Wheeler