Webcast

Wave to Host Q4 Webcast/Conference Call Tuesday, May 10th at 4:30 P.M. EDT

Lee, MA -- May 2, 2005 -- Wave Systems Corp. (NASDAQ: WAVX -- www.wave.com) announced today that on Tuesday, May 10, 2005 at 4:30 P.M. EDT it will host a webcast/conference call reviewing recent corporate and industry progress as well as Wave's results for the first quarter ended March 31, 2005.   Wave's results will be issued after the market's close.

WEBCAST/REPLAY: To access the webcast and the replay, please go to http://www.wave.com. The archived version of the webcast will be available for 30 days. (Windows Media Player required.)

TELEPHONE: via 212-341-7080 or 415-908-4712.   Please call five minutes in advance.

Wave Logo

About Wave Systems Corp.

Wave provides software to help solve critical enterprise PC security challenges such as strong authentication, data protection, network access control and the management of these enterprise functions.  Wave is a pioneer in hardware-based PC security and a founding member of the Trusted Computing Group (TCG), a consortium of nearly 140 PC industry leaders that forged open standards for hardware security. Wave’s EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG’s industry standard hardware security chip, the Trusted Platform Module (TPM).  TPMs are included on tens of millions of PCs and are standard equipment on many enterprise-class PCs shipping today.  Using TPMs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions.  For more information about Wave and its solutions, visit http://www.wave.com.

For more information please contact:

Wave Contact:
Gerard T. Feeney, CFO
Wave Systems Corp.
413-243-1600
info@wavesys.com
Wave Investor Relations Contact
David Collins, Richard Land
Jaffoni & Collins
212-835-8500
wavx@jcir.com

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