Wave Systems Corp. (fka WAVXQ)

[TheBerkshires]

PR..3/1/05.....SEAGATE AND WAVE



March 01, 2005 07:00 AM US Eastern Timezone

New Data Protection Technology Demonstrated at Intel Developer Forum by Seagate Technology and Wave Systems

Intel Developer Forum Spring 2005

SAN FRANCISCO--(BUSINESS WIRE)--March 1, 2005--Seagate Technology (NYSE: STX-www.seagate.com) and Wave Systems Corp. (Nasdaq: WAVX-www.wave.com) are demonstrating new hardware-based data protection capabilities in trusted computing platforms as part of the Intel Digital Office Community at the Intel Developers Forum, March 1-3, Moscone Center, San Francisco, California.


The technology demonstration shows the benefits of linking the security of a Trusted Platform Module (TPM), based on the open standards specifications of the Trusted Computing Group, to a Seagate-trusted disc drive. This demonstration solution is designed to provide stronger data protection, enhancing regulatory compliance (SOX, HIPAA), along with greater storage capacity for the user's sensitive data. This demonstration includes both physical drive security, as well as user authentication for accessing the information. Wave System's EMBASSY(R) Trust Suite applications and trusted computing management tools are used to demonstrate both the TPM and the security features of the Seagate disk drives at Booth 741 at IDF.

Seagate and Wave are working together to explore market opportunities, technical requirements, and enterprise benefits which can be achieved by extending the trust capabilities of TPMs and disk drives.

Many analysts consider data the most valuable resource within the enterprise networking environment and adding new, innovative security and trust features to the data storage devices provides additional benefits to corporate and government IT environments. Ensuring that data can only be accessed by authorized computing platforms, and by authenticated users, is a key focus of IDF demonstrations.

"Wave is working with its technology partners to develop new security specifications for a wide range of components and platforms, such as disc drives, as part of its participation in the Trusted Computing Group" said Lark Allen, executive vice president, Corporate Development, Wave Systems. "Working with Seagate gives us the opportunity to accelerate the development and adoption of Trusted Computing in advanced platform configurations."

About Wave Systems

Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is the leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms from a variety of vendors. Wave holds a portfolio of significant fundamental patents in security and e-commerce applications and employs some of the world's leading security systems architects and engineers. For more information about Wave, visit http://www.wave.com.

About Seagate Technology

Seagate is the worldwide leader in the design, manufacturing and marketing of hard disc drives, providing products for a wide-range of Enterprise, Desktop, Mobile Computing, and Consumer Electronics applications. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, and to be the low cost producer in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at www.seagate.com.

Seagate, Seagate Technology and the Seagate logo are U.S. registered trademarks of Seagate Technology LLC.

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 ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.