Wave Systems Corp. (fka WAVXQ)

[Ispro]

OT?: WidePoint Announces Q1 Revenue of $2.7M and Continued PKI Adoption and Revenue Growth

http://biz.yahoo.com/iw/060516/0129604.html

"The increase in revenue was primarily attributable to Public Key Infrastructure (PKI) credentialing and managed services segment revenue growth of 262% to $223,000, from $85,000 a year ago. The PKI revenue growth was a result of increasing early adoption and ramp-up ahead of the pending deadlines issued under the federal government mandate under Homeland Security Presidential Directive No. 12 (HSPD-12) that commence on July 30, and October 27, 2006. The PKI segment revenue increase was partially offset by a decline in consulting services segment revenue of approximately $123,000 as the result of contract delays that occurred during the first quarter of 2006 and as a result of the company's revenue recognition policy that resulted in an increase in deferred revenues that the company should recognize during the second and third quarters of 2006."

Wave/ORC PR from Jan/06

http://www.wave.com/news/press_archive/06/060110_ORC.html

"Authenticating a computer user into a network by using methods more secure than passwords is a continuing effort for network administrators within government and enterprises,” said Steven Sprague, president and CEO, Wave Systems. “With the ORC ACES BPA, government administrators will now have easy access to Class 3 PKI certificates that can be used within a Trusted Computing-based framework: a network of personal computers secured by industry standard Trusted Platform Modules and Wave's powerful and secure software technology"

BR

ISPRO