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Webcast DATE / TIME Monday, July 30, 2007 2:30 PM EST / 11:30 AM PST http://www.wsw.com/webcast/sra5/opwv

Wave to Present at Security Research Associates' 3rd Annual Summer Growth Stock Conference, Monday, July 30th at 11:30 a.m. PDT

Lee, MA & San Francisco, CA – July 23, 2007 – Wave Systems Corp. (NASDAQ: WAVX), announced today that Wave CEO, Steven Sprague, will present at Security Research Associates' 3rd Annual Summer Growth Stock Conference. The conference, for institutional investor clients, will be held on Monday, July 30th at the Omni Hotel in San Francisco. Wave's presentation is scheduled for 11:30 a.m. PDT in the Nob Hill presentation room.

Live Webcast:
A live audio webcast of Wave's presentation will be available to all investors at http://www.wave.com/news/webcasts.html or via http://www.wsw.com/webcast/sra5/opwv.

About Security Research Associates

Security Research Associates (SRA) was founded in San Francisco in 1980 and today offers both investment banking and institutional brokerage services. A boutique firm by design, SRA works with a select group of portfolio managers from around the country and focuses on technology and life science companies in the micro and small cap arenas. For more information, visit www.sracap.com or call 415-925-0346.

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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