Wave Systems Corp. (fka WAVXQ)

[Snackman]

Is this the next shoe that drops next week?

Snackman
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Wave Systems Announces Secure Services Support For IBM ThinkPad Notebooks and NetVista Desktops

The Industry’s First Trust Infrastructure Services for TCG Platforms Using EMBASSY® Trust Services to be Demonstrated at RSA Conference 2003

San Francisco, CA – April 10, 2002 – Wave Systems Corp. (NASDAQ: WAVX – www.wave.com), a leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms, announced it will demonstrate EMBASSY® Trust Services for Trusted Computing Group (TCG) platforms working with IBM’s Embedded Security Subsystem V2.0 on IBM ThinkPad notebooks and NetVista desktops at the RSA Conference 2003.

Based on industry standards, the IBM Embedded Security Subsystem uses encryption keys and processes to help secure data, communications and identity. It consists of both a hardware component, the cryptographic security chip, which supports key storage, privacy encryption and digital signatures for authentication of identity, and a downloadable software component, Client Security Software, which interfaces to the user and to other software applications. Because critical security functions take place within the protected environment of the chip, the system is inherently more secure than software-only solutions.

Wave’s EMBASSY Trust Services use industry standard interfaces to work with the Embedded Secure Subsystem cryptographic security chip. Initial services demonstrated at RSA include Wave’s eSIGN Transaction Manager Suite, offering digital signature and digital document storage services, and an industry first, Wave’s TCG compliant trust infrastructure server, which creates and validates a trust relationship between a PC and enterprise applications needing verification of identity.

IBM’s Embedded Security Subsystem and Wave’s EMBASSY Trust Services are compliant with industry standards established by the newly formed Trusted Computing Group, an industry group focused on the creation of industry standards across multiple platforms for Trusted Computing. TCG was announced on April 8, 2003 with IBM as a promoting member and Wave Systems as a contributing member.

"Hardware-based PC security has gained significant momentum since IBM introduced the capabilities in 1999," said Lark Allen, Wave’s executive vice president, Business Development. "As TCG-compliant solutions gain a larger part of the enterprise marketplace, we believe a robust suite of secure services, including a trust infrastructure, will make trusted computing even more useful and valuable. IBM already has a significant customer installed based of TCG-compliant systems, so this is an immediate opportunity for Wave Systems to deliver the most comprehensive set of Trusted Computing services in the industry."

The TCG compliant solution and EMBASSY Trust Suite of services will be demonstrated at the RSA Security Conference 2003 trade show at Wave Systems’ Booth #1612. Customer appointments may be made by contacting Brian Berger, senior vice president, sales, at [e-mail].

Wave EMBASSY Trust Services includes a suite of enhanced applications for trusted digital signatures, secure document storage, secure document management and powerful privacy options.

In addition, a key Wave component demonstrated at RSA is the TCG-compliant trust infrastructure server. The trust services are an optional server infrastructure that can manage trust domains and the distribution of secure identities, applications and services to platforms containing trusted hardware. The trust infrastructure server will allow for ongoing upgrading of the combined product solutions, including the services, after the products have reached the marketplace.

More information on IBM’s PC security solutions may be found by going to www.ibm.com. More information on Wave Systems’ EMBASSY Trust Services is available at www.wave.com.



About Wave Systems Corp.

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.


Safe Harbor for Forward Looking Statements
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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For more information please contact:
Wave Media Contact:
John Callahan
Wave Systems Corp.
413-243-7029
[e-mail]
Wave Investor Relations Contact
David Collins, Richard Land
Jaffoni & Collins
212-835-8500
[e-mail]
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