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Wave Systems Announces Secure Services Support For IBM ThinkPad Notebooks and NetVista Desktops.

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RSA Conference The RSA Conference is a Cryptography-related conference held annually in the San Francisco Bay Area.

The RSA Conference started in 1991 as a forum for cryptographers to gather and share the latest knowledge and advancements in the area of Internet security.
 2003

Booth 1612

SAN FRANCISCO--(BUSINESS WIRE)--April 10, 2003

Wave Systems Corp. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:WAVX)

-- The Industry's First Trust Infrastructure Services for TCG (Trusted Computing Group, Beaverton, OR, www.trustedcomputinggroup.org) The successor to the Trusted Computer Platform Alliance (TCPA), announced in 2003 by founding members AMD, HP, IBM, Intel and Microsoft.  

Platforms Using EMBASSY(R) Trust Services to be Demonstrated

at RSA Conference 2003

Wave Systems Corp. (NASDAQ:WAVX), a leader in delivering trusted computing Trusted Computing (also abbreviated TC) is a technology developed and promoted by the Trusted Computing Group. The term is taken from the field of trusted systems and has a specialized meaning.  applications and services with advanced products, infrastructure and solutions across multiple trusted platforms, announced it will demonstrate EMBASSY(R) Trust Services for Trusted Computing Group See TCG.  (TCG) platforms working with IBM's Embedded Inserted into. See embedded system.  Security Subsystem V2.0 on IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries)  ThinkPad notebooks and NetVista desktops at the RSA Conference 2003.

Based on industry standards, the IBM Embedded Security Subsystem uses encryption keys and processes to help secure data, communications and identity. It consists of both a hardware component, the cryptographic security chip, which supports key storage, privacy encryption and digital signatures for authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.

(2) Verifying the identity of a user logging into a network.
 of identity, and a downloadable software component, Client Security Software, which interfaces to the user and to other software applications. Because critical security functions take place within the protected environment of the chip, the system is inherently more secure than software-only solutions.

Wave's EMBASSY Trust Services use industry standard interfaces to work with the Embedded Secure Subsystem cryptographic security chip. Initial services demonstrated at RSA (1) (Rural Service Area) See MSA.

(2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key.
 include Wave's eSIGN Transaction Manager Suite, offering digital signature and digital document storage services, and an industry first, Wave's TCG compliant trust infrastructure server, which creates and validates a trust relationship between a PC and enterprise applications needing verification of identity.

IBM's Embedded Security Subsystem and Wave's EMBASSY Trust Services are compliant with industry standards established by the newly formed Trusted Computing Group, an industry group focused on the creation of industry standards across multiple platforms Refers to two or more operating environments, which typically include the CPU family and operating system. For example, if versions of a program run on Windows and the Macintosh, the software is said to support multiple platforms.  for Trusted Computing. TCG was announced on April 8, 2003 with IBM as a promoting member and Wave Systems as a contributing member.

"Hardware-based PC security has gained significant momentum since IBM introduced the capabilities in 1999," said Lark Allen, Wave's executive vice president, Business Development. "As TCG-compliant solutions gain a larger part of the enterprise marketplace, we believe a robust suite of secure services, including a trust infrastructure, will make trusted computing even more useful and valuable. IBM already has a significant customer installed based of TCG-compliant systems, so this is an immediate opportunity for Wave Systems to deliver the most comprehensive set of Trusted Computing services in the industry."

The TCG compliant solution and EMBASSY Trust Suite of services will be demonstrated at the RSA Security RSA, The Security Division of EMC Corporation, is headquartered in Bedford, Massachusetts, and maintains offices in Ireland, the United Kingdom, Singapore, India, and Japan.

RSA organizes the annual RSA conference.
 Conference 2003 trade show at Wave Systems' Booth #1612. Customer appointments may be made by contacting Brian Berger, senior vice president, sales, at bberger@wavesys.com.

Wave EMBASSY Trust Services includes a suite of enhanced applications for trusted digital signatures, secure document storage, secure document management and powerful privacy options.

In addition, a key Wave component demonstrated at RSA is the TCG-compliant trust infrastructure server. The trust services are an optional server infrastructure that can manage trust domains and the distribution of secure identities, applications and services to platforms containing trusted hardware. The trust infrastructure server will allow for ongoing upgrading of the combined product solutions, including the services, after the products have reached the marketplace.

More information on IBM's PC security solutions may be found by going to www.ibm.com. More information on Wave Systems' EMBASSY Trust Services is available at www.wave.com.

About Wave Systems

Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is the leader in delivering trusted computing web-based 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 Systems, visit http://www.wave.com.

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 for Forward-Looking Statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 

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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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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Publication:Business Wire
Geographic Code:1USA
Date:Apr 10, 2003
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