Wave Systems Corp. (fka WAVXQ)

[lugan]

2006 Jun 20, Wave Systems Corp. today announced that STMicroelectronics has enhanced its existing license agreement with Wave Systems with the addition of a license for a new suite of EMBASSY(R) security software from Wave Systems for bundling and distribution with ST's Trusted Computing Group (TCG) 1.2 TPM Solution for personal computers. Under the agreement, Wave receives a per-unit royalty (similar to Wave's existing PC OEM agreements) based on ST's shipment volumes of products equipped with this new suite of Wave's EMBASSY(R) security software technology. This royalty would be in addition to the per-unit royalty currently paid to Wave for distribution of the original Embassy security software licensed under the companies' existing Master Software License and Distribution Agreement. The contract does not provide for guaranteed minimum or maximum shipped quantities or royalties.
(IHub #124,221, 6/20/06)