Samsung Partners with Wave to Extend Trusted Computing Security by Enabling its Semiconductor Capabilities in PC, Tablet and Consumer Devices

Wave Selected to Provide Services, Software and Marketing for New Trusted Computing Security Solutions as Samsung Increases Commitment to Hardware-based Security

Lee, MA — November 14, 2011 Wave Systems Corp. (NASDAQ:WAVX www.wave.com) announced today an agreement to provide Samsung Electronics with engineering services, consulting, validation and a customized version of Wave’s local management software for Samsung’s Trusted Platform Module (TPM) security chips designed for OEM distribution.

“As businesses worldwide are seeking better security for their critical information and network access, the importance of a fundamental new approach to securing a powerful management infrastructure that ensures only authorized users on known devices are granted access or can execute critical functions has been crucial,” said Dojun Rhee, Vice President of System LSI marketing, Device Solutions, Samsung Electronics. “By combining Wave’s broad expertise/know-how, and strong OEM and enterprise customer relationships in trusted computing with Samsung’s world-leading chip design and manufacturing capabilities, Samsung will provide reliable, competitive trusted computing security chips for our customers.”

“We look forward to providing Samsung’s OEM customers the ability to turn on, manage and leverage the Trusted Platform Module with Wave’s software, to deliver stronger security for end-users and better protection for their critical data,” said Brian Berger, Wave’s Executive Vice President of Marketing and Sales. “Samsung recognizes the power of trusted computing, and this move will empower partners and customers with new, silicon-based means to provide trusted hardware on numerous platform types in the coming years.”

Trusted computing enables organizations to establish a more secure computing environment without compromising functional integrity, privacy or individual rights. The Trusted Computing Group is a not-for-profit organization formed to develop, define and promote open vendor neutral standards for trusted computing building blocks and software interfaces across multiple platforms.

“With billions of handhelds, tablets and slates in the hands of today’s workforce, ensuring that these devices are known and trusted within the organization is paramount,” said Eric Ouellet, Research Vice President at Gartner. “To date, the percentage of attacks against this class of device is relatively small, yet this is likely to change as these kinds of devices are increasingly becoming the primary computing platforms in today’s enterprise environment.  Implementing embedded security on these devices is a major step in the right direction and will provide the foundation for preventing tomorrow’s threats and the loss of valuable corporate, employee and customer sensitive data.”

Samsung is a global leader in advanced semiconductor solutions, combining cutting-edge designs, advanced manufacturing processes and quality, and innovative packaging technology to deliver a broad portfolio of semiconductor solutions including security chips for smart cards and NFC-enabled mobile devices.


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About Wave Systems Corp.

Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection by starting inside the device.  Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the hardware security capabilities built directly into endpoint computing platforms themselves.  Wave has been among the foremost experts on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group. 

For more information please contact:

U.S. Press Contact:
Michael Wheeler
Wave Systems Corp.
413-243-7026
mwheeler@wavesys.com

Investor Relations:
David Collins, Jennifer Neuman
Jaffoni & Collins
212-835-8500
wavx@jcir.com