Wave Systems Corp. (fka WAVXQ)

[Fullmoon]

Wave Strengthens IP Position With Acquisition of Storage Security Patents

Market Wire
4:02 PM Eastern Daylight Time May 10, 2010
Wave Systems Corp.

LEE, MA, May 10 (Marketwire) --


Wave Systems Corp. (NASDAQ: WAVX), a leading provider of management
software for hardware-based security, announced today that it has
acquired two U.S. patents pertaining to security subsystems for storage
devices. The patents describe certain elements of core technology
underlying self-encrypting hard drives (SEDs). The purchase price was
$1.1 million in cash.

These patents (U.S. patents #7,036,020 and #7,426,747) were acquired by
Wave from a company owned by Robert Thibadeau, Ph.D., a noted computer
security expert who joined Wave in February 2010 as Senior Vice President
and Chief Scientist. The patents were issued in 2006 and 2008 and are
valid until 2021.

"These patents cover certain core specifications of self-encrypting hard
drives, making them an important addition to our existing IP portfolio,"
said Steven Sprague, CEO & President of Wave. "We believe that these
assets can help to strengthen our position in the emerging hardware
security market and that it furthers Wave's strategic and commercial
interest to have these as part of our IP portfolio."

Wave offers industry-leading management software for self-encrypting hard
drives.

About Wave Systems Corp.
Wave is a pioneer in hardware-based PC security
that provides software to help solve critical enterprise PC security
challenges such as data protection, strong authentication, network access
control and the management of these enterprise functions. Wave is a
founding member of the Trusted Computing Group (TCG), a consortium of
more than 100 companies that forged open standards for hardware security.
Wave's EMBASSY(R) line of client- and server-side software leverages and
manages the security functions of the TCG's industry standard hardware
security chip, the Trusted Platform Module (TPM) as well as hard drives
that comply with TCG's "Opal" self-encrypting drive (SED) standard.
Self-encrypting drives are a growing segment of the data protection
market, offering increased security and better performance than most
existing software-based encryption solutions. TPMs are standard equipment
on many enterprise-class PCs shipping today and have shipped on an
estimated 300 million PCs worldwide. Using TPMs and/or SEDs and Wave
software, enterprises can substantially and cost-effectively strengthen
their current security solutions. Visit http://www.wave.com for more
information.