Lee, MA
April 19, 2011

Wave Systems Corp. (NASDAQ:WAVX www.wave.com) will attend InfoSecurity Europe 2011 this week, hosting a workshop that features customer PricewaterhouseCoopers (PwC). The two-hour event will give conference-goers an opportunity to hear firsthand how PwC is leveraging built-in hardware security based on open standards for authentication. Additionally, Wave is co-exhibiting with the Trusted Computing Group at stand D92 at the conference, held at the Earls Court Exhibition Centre, London, on April 19-21.

InfoSecurity Europe brings together experts, analysts and more than 300 IT security vendors from around the world. The annual three-day event draws more than 12,500 information security professionals from around the world, attracting industry thought leaders and the top international security vendors.

"With security threats more pervasive than ever, the standard approach centered on proprietary software simply isn't working. There's proof of that in the headlines every day," commented Brian Berger, Wave's Executive Vice President of Marketing & Sales. "This year PwC has agreed to share their experience using Trusted Platform Module (TPM) chips for authentication. Wave will also showcase how self-encrypting drives (SEDs) managed by Wave's EMBASSY software enable enterprises to take proactive steps in protecting sensitive information." 

WHAT:  "Improving Information Security on a Tight Budget" workshop featuring PwC.
WHEN: Wednesday, April 20, 11:15 am — 1:15 p.m. and 2:00– 4:00pm BST.
WHERE: Earls Court Exhibition Centre, Earls Court, London

On Wednesday, PwC's Boudewijn Kiljan, Solution Architect, will discuss how the global auditing, tax and advisory firm is addressing authentication for its global employee base using Wave software and Trusted Platform Module (TPM) security chips. The TPM, a cryptographic integrated circuit, provides a hardware-based root of trust directly embedded in today's business-class PCs. PwC is rolling out its authentication solution for the TPM on 85,000 PCs this year as part of a global deployment to all 150,000+ employees.

The workshop will also cover hardware encryption, from set up and deployment costs, ongoing management and strength of security. SEDs store encryption keys within the drive hardware itself. Since the keys never leave the drive, SEDs are not susceptible to traditional software attacks. In addition, they impose no drag on a laptop's operating resources, ensuring ironclad data security that remains transparent to the laptop's end user.

EMBASSY® Remote Administration Server (ERAS) enables IT to turn on each self-encrypting drive in seconds (as opposed to up to several hours per PC with software-based encryption), set security policies and provide detailed event logs to demonstrate that the data was fully encrypted if a laptop goes missing.

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