Wave Systems Corp. (fka WAVXQ)

[barge]

1stnflight--I believe EDS will play the critical role in "safeguarding" the TAN Infrastructure, and NOT WAVE.

http://www.wave.com/news/press_archive/01/010319EDSEMBASSYRootKey.htm


Wave Systems Selects EDS
To Operate Root Key Certificate Authority

EDS Will Safeguard Wave's EMBASSY® Trust Assurance Networks Security Infrastructure

Lee, MA (March 19, 2001) – Wave Systems Corp. (NASDAQ: WAVX), developer of an advanced solution for Trusted Client platforms to enable secure e-commerce transactions and other trusted digital relationships, today announced that it has selected EDS (NYSE: EDS) to manage the creation and protection of the EMBASSY® Trust Assurance Network Root Key Certificate Authority.

EMBASSY (EMBedded Application Security SYstem) is an inexpensive, hardware-based platform that is fully-programmable, sharable by multiple service providers and targeted at a broad range of applications that demand advanced security solutions. EMBASSY delivers advanced e-commerce capabilities, support for multiple digital rights management and conditional access systems, strong user authentication features, enhanced platform security including TCPA compliance, and new privacy options to users of PCs, digital set top boxes and other network devices.

In concert with advanced silicon solutions, Wave's unique EMBASSY Trusted Client technology is backed by a robust security infrastructure, the Trust Assurance Network (TAN). This comprehensive security system is the industry's first trusted platform to provide the means to securely manage the authentication, administration and operation of the virtual network of EMBASSY Trusted Client nodes. The TAN relies upon a complex hierarchy of secure system management tasks, with the root key providing the fundamental basis of security for the entire system. Based on this significant role, the protection of the root key becomes a critical consideration for the operation of the EMBASSY Trust Assurance Network servers that will be licensed to multiple organizations and service providers.

"The maintenance of the root key for the Trust Assurance Network is of paramount importance to the security of our Trust @ the Edge architecture, and we are pleased to be working with EDS, a recognized leader in the global digital economy, to ensure its integrity," said Len Veil, Wave's Vice President of Strategy and Systems Architecture for the EMBASSY system.

"The establishment of PKI services for Wave Systems' Trust Assurance Network is an essential first step in the creation of its entire security network. This network will be hosted by EDS and will provide the infrastructure necessary to secure Wave Systems' financial transactions," said Shakil Kidwai, Vice President for EDS Global Information Assurance Services.

About Wave Systems
Wave Systems' goal is to build a worldwide network of users based on trusted electronic relationships. Trust @ the Edge defines a new architectural model for the Internet, which embeds trust and security in every user device. Wave Systems is developing, deploying and licensing its EMBASSY Trusted Client technology for the mass adoption of this revolutionary model. Wave is integrating industry standard functions from a wide range of partners that enable reliable, secure digital exchange and commerce. Wave Systems and third parties are building the services that will take advantage of this open model.

For more information about Trust @ the Edge, EMBASSY Trusted Clients and Wave Systems visit: www.wave.com.

About EDS
EDS, the leading global services company, provides strategy, implementation and hosting for clients managing the business and technology complexities of the digital economy. EDS brings together the world's best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers' trust and continuously seek improvement. EDS, with its management consulting subsidiary, A.T. Kearney, serves the world's leading companies and governments in 55 countries. EDS reported revenues of $19.2 billion in 2000. The company's stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange.

Wave Corporate Contact:
John Callahan
413-243-7029
Email: [e-mail]

Wave Investor Relations Contact
David Collins, Richard Land
Jaffoni & Collins

212-835-8500
Email: [e-mail]