"In Q3, we also continued to see evidence of the industry's growing
adoption of hardware-based security solutions. Toshiba became the second
major drive manufacturer to develop a full disk encryption line. Wave
began demonstrating development versions of its ETS and ERAS software for
these new Toshiba drives. We have also showcased advanced security
solutions that employ our software and Intel's vPro(TM) technology. We
believe Intel's integration of TPM functionality into the chipset, forming
an 'iTPM', could have an important impact on industry adoption of the TPM
technology. After more than a year-and-a-half of development work by Wave,
Intel began shipping the first desktop boards with vPro technology,
bundled with our software.
"Further expanding our PC OEM base, Wave has completed an important
agreement with Acer, the world's third-largest PC vendor, who has selected
Wave's ETS software to bundle with its new Veriton(TM) 670 business PCs.
Initial shipments by Acer are projected to begin before year-end. Given
Acer's global presence, and particularly its strength in Asia, we are
excited about continuing to develop this relationship."
Summary of recent progress/developments:
-- Wave Supports Seagate's New Faster, Higher Capacity Self-Encrypting
Drives Shipping on Dell E-Series Notebooks: In early November, Wave
announced the availability of enhanced versions of its EMBASSY(R) Trusted
Drive Manager (TDM) and EMBASSY(R) Remote Administration Server (ERAS) to
enable security features on Seagate's new 7200 and 5400 line of self-
encrypting drives, shipped on Dell's new E-Series notebook PCs. Wave's
trusted computing software supports secure Windows standby mode, pre-boot
authentication, single sign-on and Windows password synchronization.
-- Wave EMBASSY(R) Software is Now Available on Intel(R) Desktop Boards
Featuring iTPM: In early November, Intel(R) Desktop Boards DQ45CB and
DQ45EK
began shipping with an OEM version of EMBASSY(R) Trust Suite. The Desktop
Boards include Intel's(R) integrated Trusted Platform Module (iTPM), which
acts as a tamper-resistant storage vault for user credentials, providing
improved data protection and strong, multi-factor authentication for
network access. The Boards are designed for "white box" PC OEMs.
-- Acer Unveils Line of Business Desktop PCs with Wave Software: In mid-
October, Wave completed a license agreement with Acer, the world's third-
largest PC vendor, to bundle Wave EMBASSY(R) software with the new
Veriton(TM)
670 business PCs. Shipments in EMEA and APAC are expected by the end of Q4,
and in the U.S. next year. The motherboards on the Acer desktops feature
an iTPM.
-- Wave Introduces Enhancements to its Electronic Signature and Vaulting
Software for the Mortgage Industry: In mid-October, Wave's eSign division
announced enhancements to its eSign Transaction Management Suite (eTMS),
offering mortgage lenders a complete solution from origination to closing
that address many shortcomings of traditional paper processing. Lenders can
now securely deliver, track and sign disclosure and closing documents
electronically. Closing documents can now be signed and notarized in a
secure environment, with each note being registered through the Mortgage
Electronic Registry System (MERS(R)), the industry-endorsed system for
electronically tracking mortgage ownership and servicing rights.
-- Wave's eSign Transaction Management Suite (eTMS) Licensed by a Major
UK Bank and Mortgage Lender: In September, Wave's eSign division licensed
its eTMS software suite to a leading UK bank/mortgage lender for their use
in streamlining the processing of online applications for consumer
accounts. The integration of eTMS will allow online applications to be
signed and processed electronically in a matter of minutes.
-- Wave Showcases a Data Theft Protection Solution Using Intel(R) Anti-
Theft Technology: At IDF in mid-August, Wave demonstrated a data theft
protection and remote, out-of-band management solution for platforms with
Intel(R) vPro(TM) technology for enterprise and small- to mid-sized
businesses
(SMB). Wave showcased pre-production management and data protection
capabilities for platforms with Intel(R) Anti-Theft Technology -- advanced,
integrated hardware-based security technology -- using Wave's EMBASSY(R)
Remote Administration Server (ERAS) and its client EMBASSY(R) Trusted Drive
Manager (TDM).
-- Wave Demonstrates Strong Wireless Network and VPN Security using
Intel(R) vPro(TM) Technology: At IDF, Wave also showed how enterprises can
strengthen and simplify their existing wireless and virtual private network
(VPN) security by harnessing the built-in technology on platforms featuring
Intel(R) vPro(TM) technology. The demonstration illustrated how
enterprises can
reduce expenses relating to tokens, smart cards or complex authentication
schemes by deploying PC platforms with Intel(R) vPro(TM) technology, in
combination with Wave's EMBASSY(R) software.
-- Wave and Toshiba Partner to Develop Full Disk Encryption Solution for
Mobile PCs: In mid-August, Wave partnered with Toshiba in support of
Toshiba's hard disk drive (HDD) encryption technology. The full disk
encryption solution integrates Toshiba's HDD and an enhanced version of
Wave's TDM and ERAS products for the management and administration of
encrypting hard drives.
