Wave Systems to Demonstrate Trusted Computing Security and eSign Transaction Management Suite at ACORD LOMA Insurance Systems Forum.

LAS VEGAS -- Wave Systems Corp. (NASDAQ:WAVX), a leader in developing Trusted Computing applications, announced today that it will be demonstrating insurance industry applications of the Company's trusted computing security technology, including electronic signature and document process management solutions, at the ACORD LOMA Insurance Systems Forum, May 22-24 (Mandalay Bay Resort, Booth #1115). Wave Systems offers the insurance industry practical, easy-to-use applications for enhanced PC security utilizing the Trusted Platform Module (TPM) security chip. Wave will demonstrate its software's strong authentication capabilities with biometrics, smart cards or TPMs, and will showcase advanced applications for digital signatures, document protection, password management, TPM management and robust key management.

"Trusted computing is becoming an important security industry standard for enforcement of advanced security, authentication and data protection, and it's important that the insurance industry understand the power of the new hardware security chips now shipping in nearly every professional-class PC on the market," said Steven Sprague, president of Wave Systems. "The power of trusted computing may have widespread impact in the financial and insurance industries, offering a new level of strong authentication for remote agents that provides a foundation of trust for electronic transactions."

Wave will demonstrate its Embassy Trust Suite client and server technology, designed to deliver solutions compliant with the Trusted Computing Group specifications for trusted computing. Wave's Embassy Trust Suite adds capabilities for security policy management, data protection, password management and strong pre-boot authentication. The benefits of these applications for reducing network security problems include mitigating password, data and personal information theft, application security, strong wireless authentication, secure email and more--all while increasing productivity. The entire solution is designed to be standards based, interoperable with known business applications and very easy to deploy and use in an enterprise environment.

Wave will also be showcasing its eSign Transaction Management Suite (eTMS), a popular solution for the insurance industry that enables organizations to manage business processes and transactions entirely online. eTMS is deigned to automate business policy compliance and reduces the need for time-consuming and costly traditional ink signatures and paper storage, or expensive traditional delivery services. With eTMS, organizations can create, sign, store, access and manage the lifecycle of legally binding electronic documents and records.

"Cost savings have driven significant demand for electronic signatures in the insurance and financial industries, but security and convenience have been the real barriers to widespread adoption," said Scott Schrader, president of Wave's eSign Systems. "By leveraging trusted computing, the new standard in security, we've taken e-signatures to a new level of confidence which we believe is suitable for even the largest financial transactions. But we believe that the real breakthrough Wave's eTMS signing process brings to the table is intelligent, dynamic transactions that are designed to integrate requirements and parameters such as document expiration, designation of signers, transaction specific language, and consumer consent right into an organizations existing documents and processes."

Wave's eTMS is designed to simplify use of e-signature applications by customers--eliminating the need for additional plug-in downloads common in signing applications today. Insurance and financial services companies can integrate eTMS into existing applications such as CRM or document management systems to create new interfaces for signers, so the experience is seamless and appears as an extension of existing processes and documents. The enhanced signing capability includes secure authentication processes that can be customized based on the risk of the transaction. Stronger security options include signatures based on PKI certificate authentication and signing, including support for the Trusted Computing Group's Trusted Platform Module security chip. Wave's eSign Transaction Management Suite is designed to be integrated into this trusted computing environment.

Financial services markets, from insurance to mortgage and real estate, bear different regulatory and compliance requirements. Wave's eSign Transaction Management Suite allows organizations to deliver customized solutions by using the modular pieces of the eTMS. The suite consists of SmartSignature, SmartSignature Server, SmartSAFE, SmartIdentity(TM) Services, SmartConnect, the SMARTDoc(TM) Mortgage Banking Module and the Embassy(R) Trust Suite of software solutions. The eTMS suite is designed to provide the functionality necessary to meet both technical and legal requirements of transactions (signing and record retention) governed by ESIGN, UETA, Revised Article 9 of the UCC, SPeRS and GPEA.

For more information on Wave's eSign Transaction Management Suite, visit www.eSignSystems.com. For more information on Wave's suite of trusted computing applications, visit www.Wave.com.

About Wave Systems

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.

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