Lee, MA
September 22, 2015

Wave Systems Corp. (NASDAQ: WAVX) today announced that on September 16, 2015, the Company was notified that the NASDAQ Listing Qualifications Panel (the “Panel”) had determined to grant the Company’s request for an extension through January 12, 2016, to evidence compliance with the $1.00 minimum closing bid price requirement.

To achieve compliance, the Company must evidence a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days on or before January 12, 2016. The Company is diligently working to evidence compliance with the terms of the Panel’s decision, however, there can be no assurance that the Company will be able to do so in a timely manner.

For more information please contact:

Wave Contact:
Wave Systems Corp.
Walter A. Shephard, CFO


Investor Relations:
David Collins
Catalyst Global LLC
212-924-9800 office