The eight large businesses winning the contract are:
Booz Allen Hamilton Inc.
CACI International Inc.
Computer Sciences Corp.
EDS Corp.
General Dynamics Corp.
IBM Corp.
Lockheed Martin Corp.
Science Applications International Corp
A blast from the past...
Wave Systems Selects EDS
To Operate Root Key Certificate Authority
EDS Will Safeguard Wave's EMBASSY® Trust Assurance Networks Security Infrastructure
Lee, MA (March 19, 2001) – Wave Systems Corp. (NASDAQ: WAVX), developer of an advanced solution for Trusted Client platforms to enable secure e-commerce transactions and other trusted digital relationships, today announced that it has selected EDS (NYSE: EDS) to manage the creation and protection of the EMBASSY® Trust Assurance Network Root Key Certificate Authority.
EMBASSY (EMBedded Application Security SYstem) is an inexpensive, hardware-based platform that is fully-programmable, sharable by multiple service providers and targeted at a broad range of applications that demand advanced security solutions. EMBASSY delivers advanced e-commerce capabilities, support for multiple digital rights management and conditional access systems, strong user authentication features, enhanced platform security including TCPA compliance, and new privacy options to users of PCs, digital set top boxes and other network devices.
In concert with advanced silicon solutions, Wave's unique EMBASSY Trusted Client technology is backed by a robust security infrastructure, the Trust Assurance Network (TAN). This comprehensive security system is the industry's first trusted platform to provide the means to securely manage the authentication, administration and operation of the virtual network of EMBASSY Trusted Client nodes. The TAN relies upon a complex hierarchy of secure system management tasks, with the root key providing the fundamental basis of security for the entire system. Based on this significant role, the protection of the root key becomes a critical consideration for the operation of the EMBASSY Trust Assurance Network servers that will be licensed to multiple organizations and service providers.
"The maintenance of the root key for the Trust Assurance Network is of paramount importance to the security of our Trust @ the Edge architecture, and we are pleased to be working with EDS, a recognized leader in the global digital economy, to ensure its integrity," said Len Veil, Wave's Vice President of Strategy and Systems Architecture for the EMBASSY system.
"The establishment of PKI services for Wave Systems' Trust Assurance Network is an essential first step in the creation of its entire security network. This network will be hosted by EDS and will provide the infrastructure necessary to secure Wave Systems' financial transactions," said Shakil Kidwai, Vice President for EDS Global Information Assurance Services.
About Wave Systems
Wave Systems' goal is to build a worldwide network of users based on trusted electronic relationships. Trust @ the Edge defines a new architectural model for the Internet, which embeds trust and security in every user device. Wave Systems is developing, deploying and licensing its EMBASSY Trusted Client technology for the mass adoption of this revolutionary model. Wave is integrating industry standard functions from a wide range of partners that enable reliable, secure digital exchange and commerce. Wave Systems and third parties are building the services that will take advantage of this open model.
For more information about Trust @ the Edge, EMBASSY Trusted Clients and Wave Systems visit: www.wave.com.
About EDS
EDS, the leading global services company, provides strategy, implementation and hosting for clients managing the business and technology complexities of the digital economy. EDS brings together the world's best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers' trust and continuously seek improvement. EDS, with its management consulting subsidiary, A.T. Kearney, serves the world's leading companies and governments in 55 countries. EDS reported revenues of $19.2 billion in 2000. The company's stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange.
Wave Corporate Contact:
John Callahan
413-243-7029
Email: jcallahan@wavesys.com
Wave Investor Relations Contact
David Collins, Richard Land
Jaffoni & Collins
212-835-8500
Email: wavx@jcir.com
EDS NewsRelease
STATEMENT BY
RICHARD BROWN
Chairman and Chief Executive Officer, EDS
Wave Systems Corp. Briefing on Internet Security
Washington, D.C., September 11, 2001
As delivered by
Al Decker
Director, EDS Security & Privacy Services
Thank you for the invitation to join you this morning. I am heartened by seeing the level of interest in improving security on the Internet. This whole issue boils down to a single word - trust. The future of the Internet will be determined by trust...the trust of businesses and consumers, governments and their citizens that they can do business over the Internet safely and securely. The future of the Internet as a vehicle for economic growth is bright. The Organization for Economic Cooperation and Development, for example, predicts a worldwide cyber economy of $1 trillion within five years. But that future won't arrive unless customers trust that they can conduct their business over the Internet securely.
Unfortunately, we're not there, yet. As you will hear later today, the public has serious concerns about security and privacy on the Internet. Hackers, viruses, credit card theft, insider abuse and other concerns abound. The information you will hear underscores why, at EDS, I have made security and privacy among our most important offerings for our customers. We must make the Internet as secure a place to do business as a local shopping mall. We must build the consumer's trust.
The answer lies in the combined efforts of business, government and consumers working together. Businesses must raise their commitment to security and privacy to the CEO level. Consumers must accept their responsibilities by being prudent about passing along personal information on the Web. And Governments must do more - and less. Do more by creating and infrastructure for cyber law enforcement - both nationally and internationally. And do less at all levels by reducing regulatory restrictions.
If the Net is to achieve its full potential - if it is to significantly raise standards of living and be a major force for freedom - consumers must be able to surf this boundless medium without fear and with trust. That level of trust can only be achieved if business, government and consumers are willing to do their parts.
