Wise Investments

[Scrooge McDuck]

WAVX news...................
LEE, Mass. &NEW YORK, Nov 11, 2003 (BUSINESS WIRE) --

Wave Systems Corp. (Nasdaq: WAVX - www.wave.com), a leader in delivering trusted computing web-based applications and services with advanced products, infrastructure and solutions across multiple trusted platforms, today announced it has been invited to participate in seminars in the United States this week to promote FINREAD specifications.

Wave offers for license a hardware platform architecture that runs software based on FINREAD specifications made available by the European Commission Information Society Program. This software can deliver secure consumer applications for trusted input devices, such as next-generation secure smart card readers and trusted personal computers.

FINREAD, led by Groupement des Cartes Bancaires, along with SIZ, Banksys, Interpay, Europay, VISA and others, establishes standards and specifications for smart card readers and advanced e-commerce terminals used in home banking, shopping and other services for the deployment of interoperable, secure smart card terminals.

The FINREAD Consortium has held Information Days in Asia, Europe and the U.S. Wave participated in the most recent session held in San Francisco on November 10 and has also been invited to offer FINREAD demonstrations in New York City, on November 14, at Le Parker Meridien Hotel, 118 West 57th Street. The FINREAD Information Day lasts from 8:30 a.m. through 5:00 p.m. For more information, please visit http://www.finread.com/registration or contact Bruno Leconte, Wave vice president, European Operations, at [e-mail].

Each seminar gives a general overview of the business requirements, functions, security features and architecture of FINREAD. In-depth technical information is also detailed, providing a solid base for potential hardware and software developers of FINREAD e-commerce solutions.

Wave's hardware-based, open, programmable EMBASSY(R) technology embeds trust and security in user devices, enabling strong authentication, and reliable, secure digital exchange and commerce. Licensed EMBASSY technology is ideally suited to applications such as FINREAD where secure tamper resistant execution, tight integration with smart cards, and secure input and output services are required.