Wave to Present at The New York Society of Security Analysts' "Small Cap Innovators" Conference, Thurs., October 5th at 3:50 p.m.

Lee, MA– September 29, 2006 – Wave Systems Corp. (NASDAQ:WAVX www.wave.com) announced today that Wave CFO, Gerard T. Feeney, will be presenting at The New York Society of Security Analysts' Small Cap Innovators Conference on Thursday, October 5 th , 2006 in New York City.   Wave's presentation is scheduled for 3:50 p.m. EDT and will made available for replay on the NYSSA website ( www.nyssa.org ) a few days following the presentation.   The conference will take place in New York City at The New York Society of Security Analysts, 1177 Avenue of the Americas, 2nd Floor (between 45th & 46th Streets)

New York Society of Security Analysts

Since 1937, The New York Society of Security Analysts (NYSSA) has educated and informed investment professionals, providing them with a vibrant forum for the exchange of ideas and information . NYSSA promotes awareness and understanding of securities analysis, investing, and the operation of the securities markets.   For more information, visit www.nyssa.org or contact them at (212) 541-4530.

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.

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