Wave Systems Corp. (fka WAVXQ)

[RootOfTrust]

I can think of at least one shareholder reading the boards who probably thinks I overuse the term "scalability", and that in using it I don't know what I'm talking about. In reality scalability of a solution refers to capabilities or characteristics that go beyond the context I'm using it in relating to Wave products. To clarify I simply mean a Wave solution needs to "scale" into a customer's environment, essentially as on off-the-shelf out-of-the-box solution that requires little or no customization or integration or if professional services are required for integration at least the product has a complete feature set capable of "scaling" to fit any customer's needs.

In my opinion a CTO up to the task will assemble the team and knowledge base relating to the universe of customer environments and will engineer an out of the box solution that will be essentially correct in feature set and capabilities when it goes to beta. Beta results in tweaking followed by a formal product launch. After initial traction and deployment the solution is revised on an ongoing basis to improve value and performance.

Prior to VSC 2.0 I don't recall a true product launch of a fully designed and beta'ed Wave product.