Wave Systems Corp. (fka WAVXQ)

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Archives: Wave and NSM from 1999

NATIONAL SEMICONDUCTOR® AND WAVE SYSTEMS TO DEVELOP CO-PROCESSOR-BASED SECURITY SOLUTIONS FOR E-COMMERCE

http://www.wave.com/news/press_archive/99/990915nationalsemi.html

Santa Clara, Calif. – September 15, 1999 -- National Semiconductor® Corporation (NYSE:NSM) today announced a licensing agreement with Wave Systems Corp. (NASDAQ:WAVX) to jointly develop hardware-based security solutions for information appliances and PCs. The companies will integrate security technology developed by N*ABLE Technologies (recently acquired by Wave Systems) into existing National Advanced I/O products. These products will increase security levels to offer users a more trusted e-commerce environment.

The licensed security architecture provides a hardware platform that can reside in a secure device within the traditional PC or information appliance environment. This architecture creates a ‘virtual firewall’ environment for processing sensitive data such as payment or identity information. This type of environment is less vulnerable to viral and network-based attacks than processor- or software-based security solutions, in part because this platform is a hardware-based security co-processor that manages and processes the secure transfer of data to and from the information appliance or PC.

National and Wave anticipate announcing further intentions for these products in the upcoming months. These plans will support any anticipated open security standards for e-commerce and the trusted client-computing environment.


About National Semiconductor
National Semiconductor provides system-on-a-chip solutions for the information age. Combining real-world analog and state-of the-art digital technology, the company's chips lead many sectors of the personal computer, communications, and consumer markets. With headquarters in Santa Clara, California, National reported sales of $2 billion for its last fiscal year and currently has about 11,000 employees worldwide. Additional company and product information is available on the World Wide Web at www.national.com.


About Wave Systems
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. With the recently completed acquisition of N*ABLE Technologies, Wave now 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 assume 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

National Semiconductor is a registered trademark of National Semiconductor Corporation. All other brand or product names are trademarks or registered trademarks of their respective holders.