Nuremburg, Germany
October 4, 2011

(Hall 12, Stand 224) Wave Systems Corp. (NASDAQ:WAVX www.wave.com) will present a series of seminars October 11-13, 2011 at it-sa, one of the pre-eminent IT security trade fairs in Europe. The seminars will address how private and public sector organizations can secure networks and sensitive data using embedded hardware security built on open industry standards set forth by the Trusted Computing Group (TCG).

Highlighting the week for Wave is a presentation from CEO Steven Sprague entitled "Embedded Device Identification" which outlines the steps IT can take to leverage a security chip, the Trusted Platform Module (TPM), as an additional authentication layer for establishing device identity.

WHAT:            "Embedded Device Identification"
WHEN:           Wednesday, October 12, 12:45 p.m. and Thursday, October 13 at 2:00 p.m.
WHERE:         Forum Blue NürnbergMesse GmbH, Messezentrum

"The escalation in security breaches around the globe underscores the fact that traditional forms of security—those that rely on proprietary software—aren't always enough to combat many of today's sophisticated threats," Mr. Sprague said. "Device identity as an independently managed layer for network access control can give enterprises confidence that only known devices are granted access to information and sensitive resources. User identification alone, whether through digital certificates, one-time passwords or smart cards may not be enough to prevent many types of attacks."

The TPM, a cryptographic security chip that is a standard component on business PCs, features the ability to create, sign and store keys, safe from malware. Benefits of the TPM include the persistent protection of identity information (keys) and low total cost of ownership as there is no additional hardware to acquire and deploy.

A founding member of the Trusted Computing Group, Wave leverages the hardware security capabilities built directly into endpoint computing platforms. Wave's EMBASSY® software can help organizations protect sensitive data and their brand, by transforming their self-encrypting drives and TPMs into enterprise-wide encryption and authentication solutions.

Sessions on Wednesday, Oct.12, include "Trusted Computing: How Industry-Standard Embedded Security Can Save You and Your Money!" (11:30 a.m. — 1 p.m.); "Why Hardware Embedded Security Provides Greater Data Protection and Network Access Control than Layered Software Security for Your Mobile Workers" (1:30-3 p.m.) and "A Paradigm Shift: Is Embedded Hardware Security the Future For all Mobile Devices?" (3:15-4:45 p.m.). The sessions take place in Room 12.

For more information please contact:

Wave Contact:
Michael Wheeler
Wave Systems Corp.
413-243-7026
mwheeler@wave.com

Investor Relations:
David Collins, Eric Lentini
Catalyst Global LLC
212-924-9800 office / 917-734-0339 mobile
wavx@catalyst-ir.com