Wave Chief Scientist Named a Finalist for EE Times ACE Innovator of the Year Award

Dr. Robert Thibadeau Recognized for Creativity in Electronics as Pioneer of the Self-Encrypting Hard Drive

Lee, MA April 5, 2011 Wave Systems Corp. (NASDAQ:WAVX www.wave.com) announced today that Chief Scientist Dr. Robert Thibadeau was named a finalist for the EE Times Annual Creativity in Electronics (ACE) Innovator of the Year Award. Winners of the ACE Awards will be announced at a ceremony on Tuesday, May 3rd, as part of the ESC Silicon Valley Conference & Expo in San Jose, CA.

The five finalists for Innovator of the Year include leaders from Adapteva, Cirrus Logic, Intel, and NuPGA Corporation. Dr. Thibadeau was nominated in recognition of his contribution to the security industry through the development of the self-encrypting hard drive (SED).

Now available from all major drive manufacturers, SEDs provide unparalleled encryption by keeping keys safe in the drive, thus preventing the possibility of unauthorized access to data through software attacks. Additional advantages over software encryption are drastic reductions in installation time and end-user impact. SEDs eliminate drag on the operating system and provide seamless full-disk encryption. Proper management tools provide the enterprise with secure audit logs for regulatory compliance, centralized remote management and instant cryptographic erase for wiping a drive in seconds. These capabilities offer a significant increase in security, while simultaneously proving more cost- and time-efficient than software-only solutions.

The “Innovator of the Year” award is presented to individuals who have “brought leadership, creativity and out-of-the-box thinking to technology, a product or business.” The ACE award winners are chosen by a judging panel comprised of the leading voices in academia, industry and Wall Street executives. To learn more about the awards, visit http://www.eetimes-ace.com/home.php.

Dr. Thibadeau developed several core specifications for SEDs, and was the original patent holder. As a member of the Trusted Computing Group’s Storage Work Group, he helped create the Opal open industry standard for the SED. He is a co-author of the American Bar Association’s Data Breach and Encryption Handbook, published in February.

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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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Michael Wheeler