Lee, MA
November 15, 2013

Wave Systems Corp. (NASDAQ:WAVX)’s Virtual Smart Card offering has been named winner of the Government Security News’ (GSN) Homeland Security Award competition in the “Best Smart Card Solution” category. This is the second consecutive year that Wave has won this award.

“We’re honored to be recognized by Government Security News as the only vendor offering a complete virtual smart card solution for today’s enterprise – and, importantly, one that is compatible with Windows 7, 8 and 8.1,” said Bill Solms, CEO of Wave Systems. “We see virtual smart cards as a disruptive technology in the user authentication market, offering a more secure and cost effective alternative over more mature technologies.”

Virtual smart cards emulate the functionality of traditional smart cards, but offer added security and cost benefits. Businesses do not incur added material or operational costs (such as the purchase and shipping of external physical smartcards and smart card readers) because virtual smart cards are built into the device itself. Because of an embedded security chip called a Trusted Platform Module (TPM), which is standard equipment on business PCs, virtual smart cards cannot be lost or stolen. Additionally, enterprises gain the added security afforded by hardware-based security, ensuring that only known devices and known users are allowed access to corporate resources. Convenience is another benefit – employees never have to type domain credentials into their devices, improving user experience and reducing the time IT spends resetting forgotten passwords, while offering protection against credential theft.

“We judged an outstanding group of entries this year,” said Adrian Courtenay, Managing Partner, Government Security News. “We’re proud to announce that this year’s winners will be showcased in a digital edition of Government Security News, which will reach more than 40,000 subscribers – a well-deserved honor for Wave Systems and all of this year’s award recipients.”

Sponsors for GSN’s 2012 homeland security awards program included BRS Labs, Cardinal Point Strategies, Objectivity, Vanguard Integrity Professionals and Wave. For a complete list of finalists and pre-emptive winners, visit: www.gsnmagazine.com.

For more information please contact:

Wave Contact:
Michael Wheeler
Wave Systems Corp.

Investor Relations:
David Collins, Eric Lentini
Catalyst Global LLC
212-924-9800 office / 917-734-0339 mobile