Wave Introduces First Remote Management and Administration Server Software to Manage Trusted Platform Modules Embedded in New Business-Class PCs.

Wave's EMBASSY[R] Remote Administration Server Enables Enterprise Deployment of Trusted Computing 

SAN FRANCISCO -- (RSA Conference 2007, Booth #2113) - Wave Systems Corp. (NASDAQ: WAVX) today introduced the EMBASSY[R] Remote Administration Server (ERAS), which is designed to enable enterprise adoption of Trusted Platform Module (TPM) capabilities and deployment of trusted computing within business infrastructure. ERAS is the industry's first solution that can control secure devices from a central server creating a unified trust network for broad, no-touch, deployment and management of TPM hardware security chips.

Nearly all business-class desktop and notebook PCs now ship with the TPM security chip included as standard equipment, with tens of millions already on the market.

Propelling TPM adoption are drivers such as Microsoft Vista hardware requirements specifying TPM version 1.2 in all business-class PCs to meet logo compliance and a U.S. Army mandate that all PC purchases by the Army must include the TPM security chip. Wave Systems' new ERAS management software now provides administrators with a powerful solution to remotely manage TPMs and trusted computing in enterprise deployments.

"The Trusted Platform Module is installed in the majority of PCs sold to businesses, and the related standard is now supported by over 150 leading vendors, but most companies still have not turned this critical security technology on," said Rob Enderle, principal analyst for the Enderle Group. "The needed solution was one that would enable and manage the TPM without having to touch every individual PC, and the new Wave Systems remote administrative server is designed to address this critical need. This product gives enterprises that have already begun to deploy TPM technology a useful tool to benefit from it and better secure their enterprise."

Wave Systems will introduce ERAS, the industry's first and only solution for administration and management of any brand of TPM, at the 2007 RSA Conference in San Francisco, where the company will be providing demonstrations in its booth on the exhibit floor (booth #2113). Wave is also demonstrating its enterprise edition of EMBASSY[R] Trust Suite (ETS) security software, a version of which is bundled with TPMs in certain PCs. Wave's ETS, when combined with a TPM, performs a variety of business security features, such as security policy management, data protection, password management and strong pre-boot authentication. The TPM/ETS solution can substantially improve protection against password, data and personal information theft, and provide enhanced application security, strong wireless authentication, secure email and more--all while increasing productivity.

"While many in the industry have recognized the TPM as a breakthrough for heterogeneous, interoperable security, we believe the management capability to turn on, deploy and provide IT control for TPM-based client security has held back large-scale deployment," said Steven Sprague, Wave Systems' president and CEO. "It is our view that Wave's EMBASSY Remote Administration Server provides a solution that could assist enterprises in turning-on and managing many of the Trusted Platform Modules already in the market."

Trusted Computing Solutions for the Enterprise

Wave's EMBASSY Trust Suite is a collection of practical, easy-to-use applications for enhanced PC security utilizing the Trusted Platform Module's security capabilities. The ETS software provides a number of trusted computing features, from advanced authentication to password management, and includes a set of plug-ins for integration with popular office tools. ETS includes Wave's Document Manager Vault for storage of private data such as encrypted files and folders on personal computers.

In addition to the new EMBASSY Remote Administration Server, Wave offers four additional enterprise solutions which deliver improved trusted computing features for government and enterprise markets.

* Wave's EMBASSY[R] Key Management Server (EKMS) and EMBASSY[R] Authentication Server (EAS) provide trusted computing solutions for network policy management, data protection and strong authentication using biometrics, smart cards and TPMs.

* Wave's EMBASSY[R] Network Access Control (ENAC) is designed to leverage existing network infrastructure and open industry standards for IT control over PC client access to the network--locking down the network from unauthorized access to thwart many common and damaging network attacks.

* Wave's EMBASSY[R] Endpoint Enforcer (EEE) is an open, standards-based network security solution designed to work with many network access control solutions. It can capture, report and validate platform integrity metrics on PCs equipped with TPM security chips and enable third-party applications and services to make informed network access decisions.

About Wave Systems Corp.

Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is a leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms from a variety of vendors. Wave holds a portfolio of significant fundamental patents in security and e-commerce applications and employs some of the world's leading security systems architects and engineers. For more information about Wave, visit http://www.wave.com.

Safe Harbor for Forward Looking Statements

Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.

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