Wave to Present at Needham & Company’s 13th Annual Growth Conference on Thursday, Jan. 13th at 2:50 p.m. ET

Lee, MA January 11, 2011 Wave Systems Corp. (NASDAQ:WAVX www.wave.com) today announced that Steven K. Sprague, President and CEO, and Gerard T. Feeney, CFO, will present at the 13th Annual Needham Growth Conference at 2:50 p.m. Eastern on Thursday, January 13, 2011. The conference is being held at the Palace Hotel in New York City. Wave’s presentation will be webcast.

Live Audio Webcast & Replay
Please visit http://www.wsw.com/webcast/needham41/wavx/ or the company’s website www.wave.com/news/webcasts.asp

About Needham & Company, LLC
Needham & Company, LLC, a wholly owned subsidiary of The Needham Group, Inc., a privately held, full-service investment bank with the mission of helping emerging growth companies achieve their potential. The Firm is headquartered in New York City with offices in Boston, Menlo Park and San Francisco. In addition to investment banking, Needham’s principal activities include institutional sales and trading and asset management. To serve its institutional clients, Needham & Company, LLC produces comprehensive equity research on more than 350 companies in clean technology, communications, consumer, enterprise infrastructure, healthcare, industrial and diversified growth, semiconductors and semiconductor equipment, and software. Needham & Company, LLC is a member of FINRA/SIPC. For more information, please see www.needhamco.com.

Wave Logo

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.

For more information please contact:

Gerard T. Feeney, CFO
Wave Systems Corp.