Wave Systems Corp. (fka WAVXQ)

[oboy]

Wave Systems and Operational Research Consultants Collaborate to Address Government Security Markets
January 13, 2005 08:30:00 AM ET


Wave Systems Corp. WAVX and Operational Research Consultants, Inc. (ORC), a wholly owned subsidiary of WidePoint Corporation (OTC BB: WDPT), announced today a strategic partnership to jointly market trusted computing and certified credentialing to provide identity management solutions to federal, state and local governments.

The partnership agreement combines ORC's federal government authorized External Certificate Authority (ECA) and Access Certificates for Electronic Services (ACES) capabilities with Wave's EMBASSY(R) Trust Suite technology for use with federal compliant public key infrastructures.

"ORC is pleased to be joining forces with Wave Systems in making available trusted computing solutions embedded with ECA digital certificate capabilities to all branches of government, and beyond," stated Daniel E. Turissini, president and CEO of ORC. "This combination of Wave's EMBASSY(R) Trust Suite technology integrated with our Trusted Third Party services provides another element to furthering the availability of the highest levels of Information Assurance technologies in the ongoing efforts to protect personal information and in support of Homeland Defense endeavors."

"Wave is happy to be partnering with ORC, a leader in the certificate authority market, and whose technology has gained a strong foothold in government, military and security markets," said Steven Sprague, Wave's president and CEO. "We believe ORC can play an important role as a Trusted Third Party serving the growing trusted computing market in government."

ORC employs Public Key Infrastructure (PKI) technology to enable Government and Commercial customers to confidently disseminate information to geographically dispersed audiences while protecting that information from unauthorized disclosure. By implementing individual, code-signing and device/server digital certificates through trusted identity validation procedures, ORC provides its customers with:

-- A digital identity for identification and authentication,

-- Public-private key encryption for confidentiality, and

-- Digital signatures for data integrity and non-repudiation.

ORC tackles the most difficult issues in implementing PKI by establishing for its customers rigorous procedures for subscriber identification that do not place an undue burden on either the subscriber or the validating entity while maintaining an acceptable level of trust.

Wave's EMBASSY Trust Suite technology is designed to make personal computers more trusted and secure while making the PC applications more secure and easy to manage. For more information please visit www.wave.com.

About Operational Research Consultants

ORC, a wholly-owned subsidiary of WidePoint Corporation, is a multidisciplinary firm, offering a broad range of technical, analytical and engineering services including weapons system acquisition management, software development, systems integration, e-commerce, and expertise in all elements of information assurance and security. In addition to the DoD ECA program, ORC is also a prime contractor for the General Services Administration's (GSA) Access Certificates for Electronic Services (ACES). For more information, please see ORC's website at www.orc.com.

About WidePoint Corporation (OTC BB:WDPT) is a publicly-traded IT services and solutions firm specializing in planning, managing, and implementing government and commercial enterprise solutions. WidePoint has embarked upon a growth through selective acquisition strategy focused on the Federal Government sector's e-initiatives, which are driven by mandated requirements to greatly enhance technical capabilities and increase functionality and productivity within Federal Agencies. For more information, please see WidePoint's website at www.widepoint.com.

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.

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.

Contact Information: Wave Systems John Callahan, 413-243-7029 [e-mail] or Jaffoni & Collins David Collins or Richard Land, 212-835-8500 [e-mail] or Operational Research Consultants, Inc. Michael Boorom, 703-246-8551 [e-mail] or WidePoint Corporation James McCubbin, 630-629-0003 [e-mail]

© 2005 BusinessWire

Back to Recent News
advertisement

Have Our Top 20 Newsletter Sent to Your Inbox Each Week!

The Most "WOW!" Travel Dealson the Internet - here's a sampling.

Click on Any Deal and Check Them Out Today!
Released MAR 16, 2005

Florida from over 20 Cities, into June
$39-$79 Major Airlines

Orlando Hotel near Universal Studios, 50% OFF
$39 Orlando Discount Rooms

Fly Cross-Country on United, over 30 Cities
$69-$89 United Airlines

Japan, Roundtrip (!) from Across the U.S.
$294-$394 Travelocity

Top-Rated Santa Fe Resort (reg. $259)
$99 The Bishop's Lodge Resort & Spa

4-Night Royal Caribbean Cruise to Mexico from L.A.
$274 SmartCruiser.com

Jamaica & Barbados from the East Coast (R/T)
$209-$299 US Airways

*Fares listed may notinclude all taxes, charges and government fees. More Information. © 2005 Travelzoo Inc.





Track your stocks
Use the web's best
portfolio manager






Try MSN Internet Software for FREE!
MSN Home / My MSN / Hotmail / Shopping / Money / People & Chat / Search
Feedback / Help



©2005 Microsoft Corporation. All rights reserved. Terms of Use Advertise MSN Privacy Statement GetNetWise Anti-Spam Policy