Wave Systems Describes Trusted Computing Solutions in Department of De

    Business Editors/Technology Editors
    Department of Defense Identity Protection and Management
    Conference

    LEE, Mass.--(BUSINESS WIRE)--April 18, 2005--

    Industry Standard Trusted Computing Solutions Can Dramatically
    Enhance Security Levels in Government and Military Computers
    and Networks

    Wave Systems Corp. (NASDAQ:WAVX) today announced that Steven Sprague, president and CEO, will present "Trusted Computing Today in an Identity Protection and Management Domain" at the Department of Defense Identity Protection and Management Conference, Orlando, FL. The presentation will be held on Wednesday, April 20, at 8 a.m.
    Sprague's presentation will discuss how to implement new industry standard personal computer security chip technology, now shipping in many commercial PCs, in enterprise and government IT networks. The security chip and associated software is designed to be integrated into industry standard, Microsoft-compatible, trusted computing solutions while taking advantage of the existing infrastructure.
    "The infrastructure is already in place to take advantage of trusted computing solutions that are designed to eliminate many of the security issues plaguing IT managers," Sprague said. "The tools exist today for trusted computers to increase the level of protection for computer networks. IT managers may be surprised how quickly solutions, such as strong authentication using fingerprint technology or smart card technology, access control and data protection, can be integrated into their networks."
    "An important choice for all government agencies, including the Department of Defense units attending the conference, is to ask their PC vendors to supply them with the off-the-shelf trusted PCs that are generally available today," Sprague said. "These PCs, when running trusted computing software tools such as those available from Wave Systems, are designed to deliver a low cost, high value security solution for a range of security challenges facing government agencies today."
    Easy to enable and easy to manage trusted computing solutions, including stronger network authentication, data protection, stronger authentication to VPNs, password protection, secure information distribution and secure email, are available today from several trusted computing vendors, including Wave, Sprague said.
    Wave's EMBASSY(R) Trust Suite software solutions are designed to be compliant with the Trusted Computing Group (TCG). The computer industry has shipped millions of PCs embedded with a TCG-standard chip, called the Trusted Platform Module (TPM). Wave has designed its secure business productivity software to work with all TCG-compliant TPMs commercially available.
    More information about EMBASSY Trust Suite products is available through Wave Systems at www.wave.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.

    All brands are the property of their respective owners

--30--MW/ny*

CONTACT: Wave Systems John Callahan, 413-243-7029 jcallahan@wavesys.com or Jaffoni & Collins David Collins, 212-835-8500 wavx@jcir.com

KEYWORD: MASSACHUSETTS FLORIDA INDUSTRY KEYWORD: HARDWARE SOFTWARE NETWORKING TRADESHOW SOURCE: Wave Systems Corp.

Copyright Business Wire 2005