Wave to Present at ROTH Capital Growth Conference on March 16 at 9:00 a.m. PT in Laguna Niguel, California

Lee, MA March 3, 2011 Wave Systems Corp. (NASDAQ:WAVX www.wave.com) announced today that Gerard Feeney, Chief Financial Officer, and Brian Berger, Executive Vice President, Marketing and Sales, will present at the 23rd Annual ROTH OC Growth Conference on March 16, at the Ritz Carlton in Laguna Niguel, CA. The annual three-day conference brings together over 400 small- and mid-cap growth companies across sectors including software and technology.

About ROTH Capital Partners
Founded in 1984, ROTH Capital Partners isan innovative, full service investment banking firm dedicated to the small-cap public market. ROTH’s goal has always been to service the needs of small-cap public companies better than anyone else.  To this end, ROTH’s exclusive focus is to offer its clients a full spectrum of investment banking services, including capital raising, research coverage, trading and market making, merger and acquisition advisory services, and investor conferences.

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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.

For more information please contact:

Gerard T. Feeney, CFO
Wave Systems Corp.