Wave Systems Corp. (fka WAVXQ)

[beigledog]

More news and more recognition today:



Philips and Wave Systems Awarded
Television Broadcast Magazine's Editors' Pick of Show Award At NAB
for MPEG4-Based Streaming Media stration


SUNNYVALE, Calif.--(BUSINESS WIRE)--April 19, 2000--Philips
Digital Networks, part of Philips Electronics (NYSE - symbol: PHG),
and Wave Systems Corp. (NASDAQ - symbol: WAVX), a provider of
electronic commerce, content distribution, and security services,
today announced they have received the Editors' Pick of Show award
from the editors of Television Broadcast magazine for their joint
stration of Philips' MPEG4 tools and services and Wave's
streaming media e-commerce services. The stration was given to
Broadcasters, Content Providers and Streaming Media Network companies
at the National ociation of Broadcasters show in Las Vegas April 10
- April 14.
Television Broadcast's Editors Pick of Show is chosen by a team of
magazine staff and NAB contributing editors. Awards are presented in
recognition of Achievement in the Advancement of the Art and Science
of Television Broadcast.
"MPEG4 is key to our overall set-top box and consumer devices
business strategy, and we are pleased that our demo at NAB was
recognized as a powerful end-to-end media distribution solution
strating how the TV and the Web are converging," said Ahmad Ouri,
vice president and general manager of MP4Net, the Broadcast and
Internet Content Delivery group within Philips.
"Our collaboration with Philips was the first step in
strating how media publishers can deliver content to consumers
with various PC or non-PC devices over the Internet using our world
class set of media production, packaging, e-commerce, rights
management and consumer-relationship management tools," said
Shailendra Jain, VP New Media Services, Wave Systems Corp.
About Phillips
Philips Digital Networks - a business group of the Philips
Consumer Electronics division - is a world-leading provider of
advanced digital system solutions for Service and Network providers in
broadcasting and video distribution. Philips Digital Networks offers
product and service solutions for customers in both the professional
side of the distribution chain, as well as for consumers to use in the
home. In the consumer domain, Philips Digital Networks is a leading
provider of set-top boxes for digital television and internet
delivery, as well as personal video recording. The broad professional
product portfolio includes a comprehensive range of television
cameras, studio and compression equipment, conditional access systems
and transmission systems for broadband cable networks to deliver a
full array of interactive services. A flexible customer support
program and active involvement in the bodies setting tomorrow's
entertainment and information delivery standards makes Philips a
natural partner for the digital broadcast era.
Royal Philips Electronics of the Netherlands is one of the world's
biggest electronics companies and Europe's largest, with sales of
$33.5 billion (EUR 31.5 billion) in 1999. It is a global leader in
color television sets, lighting, electric shavers, color tubes
for televisions and monitors, and one-chip TV products. Its 226,900
employees in more than 60 countries are active in the areas of
lighting, consumer electronics, domestic appliances, components,
semiconductors, medical systems, and IT services (Origin). Philips is
quoted on the NYSE (symbol: PHG), London, Frankfurt, Amsterdam and
other stock exchanges. News from Philips is located at
http://www.news.philips.com
ATTN Broadcasters: B-Roll on Philips is available from Bulletin
International at [phone] or [phone]
About Wave Systems Corp.
Founded in 1988, the mission of Wave Systems Corp. is to create
the world's best technologies and services to secure and sell digital
information. Wave also has a comprehensive line of trusted client
co-processor systems. Wave's technology is an inexpensive, open
standards, hardware and software-based device that enables secure
transaction processing and distributed information metering in users'
PCs. Embedded in PC hardware and peripherals, set-top boxes and other
devices, Wave's trusted client technology is the foundation for
client-based security applications and a new distribution and
purchasing model for content and services. This low-cost, secure
"system within a system" will enable the personal computer to ume
an important new role in the evolving digital economy. By moving
secure transactions to the desktop, Wave provides intrinsic value to
the electronic commerce process, benefiting PC users, application
developers, and hardware manufacturers. For more information, please
visit Wave's corporate web site at 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 loss of market share, changes in consumer buying
habits and other factors over which Wave Systems Corp. and Philips
have little or no control.