Wave Systems Corp. (fka WAVXQ)

[Fullmoon]

Story: Wave Systems In License Pact With Acer Inc
DOW JONES NEWSWIRES

Wave Systems Corp. (WAVX) said Wednesday that it entered into a license
agreement with Acer Inc. for the distribution of a custom version of its
Embassy Trust Suite security software technology.
The company said in a document filed with the U.S. Securities and Exchange
Commission that the technology will be used on certain models of the Acer's
business personal computers.
Wave said it will receive a per-unit royalty based on Acer's shipment
volumes to third parties of products equipped with the technology.
Acer expects to begin distributing the software technology on certain of its
new business PCs in October.
However, the license agreement doesn't provide for guaranteed minimum
shipped quantities or royalties.
Shares of the software developer traded flat recently at 43 cents.

-Chad Clinton, Dow Jones Newswires; 202-862-1349; [e-mail]