Wave Systems Corp. (fka WAVXQ)

[awk]

Wave PR, May 24. 2006

ICT Economic Impact Brings Wave Systems Corp. Innovative IT-Security Technology to German Enterprise Customers

Helping to reduce the cost and complexity out of data & network security

http://www.wave.com/news/press_archive/06/060524_ICT.html

Frankfurt, Germany — May 24, 2006 – ICT Economic Impact is very excited to announce that they have signed a sales representative agreement with Wave Systems Corp. (NASDAQ: WAVX). "Wave Systems is an important player in the Trusted Computing market and Trusted Computing is starting to revolutionize the market of information systems security," says Alexander W. Koehler, CEO of ICT Economic Impact.

ICT Economic Impact represents Wave Systems in Germany, Austria, Switzerland and Eastern Europe. The charter of this cooperation is to educate IT management of the Fortune 500 customers on benefits of Trusted Computing Group TM (TCG) based technology and to provide support in implementing this technology.

Wave Systems Embassy® Key Management Server (EKMS) can play an important role in many Trusted Computing implementations and can reduce many of the costs and complexities associated with data & network security. Today, many computer vendors offer TPM equipped PC's to clients to help IT management take advantage of some of the benefits of modern information systems security. The TPM is an embedded security subsystem that offers a number of security benefits such as prevention of software attacks, protection of data, communications security and authentication. The TPM is often offered at very little or even at no extra cost in many current desktops and notebooks sold by major computer vendors.

Wave also offers Embassy® Trust Suite (ETS) and the Embassy® Authentication Server (EAS), which are designed to deliver improved trusted computing features in the enterprise and government markets. These features include network policy management, data protection, and strong authentication using biometrics, smart cards, and TPMs. "IT manager's would be wise to ask PC vendors for TPM equipped PCs now. The largest TPM based PC population is in the enterprise environment. The sooner the enterprise switches to modern TCG™ based solutions, the sooner these organizations will have the opportunity to take advantage of the efficiencies and operations offered by this technology," says Steven Sprague, CEO, Wave Systems.

Wave Systems system software is an effective product to manage TPM secured clients, users, application and data. It is TPM vendor independent, which means that IT management can currently buy TPM equipped PCs from any PC vendor with any TPM and all of them can be managed with Wave Systems software.

"Wave is highly regarded in all aspects of Trusted Computing technology, as contributor to the TCG™, a security system designer, in terms of intellectual property in security technology as well as its vision on how security will look in the near term and long term future," says Achim Klein from ICT Economic Impact.


About ICT Economic Impact Ltd.

ICT Economic Impact is a leading Virtual System Integrator for client security and systems management, especially Automated Identity and Client Management. It develops requirement specifications for enterprise customers, implements and deploys TCG™ based solutions. ICT Economic Impact together with its partners is able to answer even the most demanding IT-security implementations, including worldwide support up to 365/7/24. ICT Economic Impact is - besides other related engagements - member of the TCG™ and Intel ® Product Integrator. For further information please visit http://www.ict-economic-impact.com


About Trusted Computing Group™

The Trusted Computing Group™ (TCG) is a not-for-profit organization formed to develop, define, and promote open standards for hardware-enabled trusted computing and security technologies, including hardware building blocks and software interfaces, across multiple platforms, peripherals, and devices. TCG™ specifications will enable more secure computing environments without compromising functional integrity, privacy, or individual rights. The primary goal is to help users protect their information assets (data, passwords, keys, etc.) from compromise due to external software attack and physical theft.

TCG™ has adopted the specifications of TCPA and will both enhance these specifications and extend the specifications across multiple platforms such as servers, PDA's, and digital phones. In addition, TCG™ will create TCG™ software interface specifications to enable broad industry adoption. For further information please visit http://www.trustedcomputinggroup.org