Wave Systems to Speak on Trusted Computing at the Electronic Authentication Partnership.

LEE, Mass. -- Wave Systems Corp. (NASDAQ:WAVX) today announced that Steven Sprague, Wave president and CEO, will be a presenter at the Electronic Authentication Partnership meeting June 22 at the Washington Hotel, Washington, D.C. A[paragraph]The title for Steven Sprague's presentation is "Trusted Computing, A Building Block for Digital Identity." A[paragraph]"Wave believes Trusted Computing solution providers offer government and corporations secure, easy to use, commercial off-the-shelf solutions for protecting computer data," Sprague said. "Trusted Computing companies address many of the issues troubling computing users today, including identity management of network platforms and users and the safety of data stored on PCs from intrusions and hacking." A[paragraph]The Electronic Authentication Partnership (EAP) is the multi-industry partnership working on the task of enabling interoperability among public and private electronic authentication (e-authentication) systems. Interoperability of e-authentication systems is essential to the cost-effective operation of safe and secure systems that perform essential electronic transactions and tasks across industry lines. For more information on EAP, please go to http://www.eapartnership.org. For more information on the EAP meeting agenda, please go to http://www.eapartnership.org/docs/Agenda_Jun_22_04.doc. A[paragraph]Wave Systems offers the EMBASSY(R) Trust Suite (ETS), developed to Trusted Computing Group specifications and designed to be compatible with the Microsoft Office(R) environment. ETS is designed to deliver a variety of PC-related security and productivity tasks in an intuitive, easy-to-understand format. The hallmark of EMBASSY Trust Suite solutions is usability - designed to be easy to enable, easy to use and easy to manage by IT administrators. Wave has also developed the Key Transfer Manager, which is designed to help backup and protect the hardware encryption keys. A[paragraph]EMBASSY Trust Suite also includes Document Manager Vault for securing files and folders, SmartSignature for digital signature capability for secure electronic contracts, and Private Information Manager for secure storage and management of user names, passwords and personal information. Private Information Manager is designed to intelligently retrieve data for use in web pages, logging into web sites, or for filling in forms. A[paragraph]More information about EMBASSY Trust Suite products is available through Wave Systems at http://www.wave.com/products/ets.html.

A[paragraph]About Wave Systems

A[paragraph]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.

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A[paragraph]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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