Wave Systems Demonstrates Trusted Computing Software for Enterprise and Government at the Intel Developer Forum.

LEE, Mass. -- Wave Systems Corp. (NASDAQ:WAVX) today announced that demonstrations of its secure software, EMBASSY Trust Suite (ETS), will be held at the Intel Developer Forum, March 1-3, at the Moscone Convention Center, San Francisco.

Demonstrations of EMBASSY Trust Suite capabilities will be held at the Wave Booth 436 in the Trusted Computing Group Community, at Intel's booth in the Digital Office Community and in the Intel-Seagate-Wave Booth 741, in the Digital Office Community.

"Wave's believes our ETS solution is differentiated in the trusted computing marketplace because its secure software is designed to be intuitive and easy to use, offers features such as strong authentication, data protection and VPN access based on stated customer requirements, has been demonstrated to be interoperable across all available platforms and security chip vendors, and offers server solution upgrades needed by enterprises and government users," said Steven Sprague, Wave's president and CEO.

Wave's ETS secure software capabilities include:

--EMBASSY Security Center - for establishing security policy management to strengthen authentication to Microsoft Windows and other secure applications with multifactor authentication capabilities, including fingerprint biometrics.

--Document Manager Vault - for protecting files and folders in multiple, networked, sharable secure drives that are compatible with Microsoft Windows Explorer.

--Private Information Manager - for storage and automation of user names, passwords and personal information in a secure environment, and now supporting personal notes and multiple identities per login for the same user.

--SmartSignature - for digital signature of electronic contracts in a secure environment.

--Key Transfer Manager - for backup and protection of the hardware encryption keys used for critical personal computer data and integrated with the ETS applications for enterprise needs.

--Secure Email - for understanding and configuration of Trusted Platform Module (TPM)-based certificates for email encryption using Microsoft Outlook

--Secure EFS - for configuration of Trusted Platform Module-based certificates in Microsoft's Encrypting File System (EFS) file and folder encryption

--Secure Wireless Authentication - for understanding how to use TPM-based certificates for strong authentication to an 802.1x-compatible wireless access point

Wave's ETS software solutions are designed to be compliant with the Trusted Computing Group (TCG) specifications. The computer industry has shipped millions of PCs embedded with a TCG-standard chip, called the Trusted Platform Module. Wave has designed its secure business productivity software to work with all TCG-compliant TPMs commercially available.

More information about EMBASSY Trust Suite products is available through Wave Systems 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 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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