Wave Systems Corp. (fka WAVXQ)

[cliffdweller]

Chance To See - I was prompted by the Bio-key discussion to review some PRs that came out of Bioscrypt a few years ago, who made some fairly impressive claims in the biometrics / TPM arena.

FWIW, Bioscrypt was bought by L-1 Identity Solutions in January. I did a search for TPM on the L-1 web site, and received 0 hits.

My point is that the Bio-key patent may be significant, or not.

Here's a representative PR on the Bioscrypt narrative:

http://www.prnewswire.co.uk/cgi/news/release?id=153129

Bioscrypt Delivers Enterprise Management Solution for HP Credential Manager for ProtectTools


TORONTO, Canada, September 8 /PRNewswire/ --

- Bioscrypt Collaborates with HP to Sell and Support Authentication Solutions


Bioscrypt Inc. (TSX: BYT), a leading provider of identity verification technology, today announced VeriSoft Access Manager is available through HP for enterprise management of the HP Credential Manager solution.

A breach in data security can have a direct impact on the health of any business. As such, organisations are increasingly looking at ways to improve and strengthen the method by which they protect information. Bioscrypt, in working with HP, has developed a solution to help ensure protection of client data and devices and that users themselves do not become points of vulnerability to the entire IT infrastructure.

The proactive solution combines Bioscrypt's VeriSoft Access Manager Server with HP Credential Manager for ProtectTools to deliver functionality including secured single sign-on and Multifactor authentication with a centralised client configuration management. The Bioscrypt VeriSoft Access Manager is a robust and highly integrated backend server for the HP Credential Manager client solution. VeriSoft Access Manager allows organisations to use Credential Manager to centralise password replacement, consolidate user identities and secure vital company information. VeriSoft Access Manager also provides the ability to converge a user's credentials from multiple Credential Manager clients into a single enterprise directory so network, application and web based logon information is always accessible regardless of which client a user logs in on.

"In working with HP to bring forward our solution for Credential Manager, we are confident we have developed an industry-leading product for multi- factor authentication and credential management. The solution helps meet the security requirements of today's IT departments and is extensible and therefore able to grow to handle new threats. As new requirements emerge, the tools and components to meet them will easily integrate into the product," said Robert L. Williams, President and CEO, Bioscrypt. "We look forward to building our relationship with HP as we jointly promote and sell this new offering."

HP Credential Manager for ProtectTools increases network security by providing a secured password solution, which offers pre-boot multifactor authentication and single sign-on security and is provided on embedded security platforms to add an extra level of security protection. It is an HP branded Bioscrypt offering presently available on business PCs, workstations and notebooks configured with TPM and select other notebooks.

"HP is committed to providing customers industry leading security capabilities designed to help protect against unauthorised access to PCs, networks, and business-critical data so they can focus on business operations," said Manny Novoa, security strategist, Personal Systems Group, HP. "In working with Bioscrypt, we are providing our enterprise customers another robust ProtectTools solution that strengthens user authentication, protects and manages multiple user credentials, and defends against increasingly sophisticated threats with built-in -- not bolted-on -- solutions."

About Bioscrypt Inc.

Bioscrypt Inc. is a leading provider of identity verification technology. The Company's solutions combine the convenience of touch with the high security of fingerprint-based biometrics for simple and secure access to facilities, equipment and information. Using the "bioscrypt on board(TM)" brand, the Company offers packaged products, OEM components and software licensing to leading security solution manufacturers and integrators worldwide for physical, wireless and network security applications. Among the many leading edge companies and partners using Bioscrypt technology are the US Army, NASA, American Express, the New York Police Department, Kronos, NATO, Continental Airlines, Intel, Atmel, HID Corporation, Honeywell and Northern Computers. Bioscrypt's patented technology is interoperable with leading fingerprint sensors and is both platform and operating system independent. Bioscrypt is traded on the Toronto Stock Exchange under the symbol BYT. For more information, visit the Bioscrypt Web site at www.bioscrypt.com.

Forward-looking (safe harbour) statement

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Bioscrypt Inc., Bioscrypt, are trademarks of Bioscrypt Inc. All other trademarks or registered trademarks referenced herein are properties of their respective owners.

Distributed by PR Newswire on behalf of Bioscrypt Inc


cliff