Lee, MA
July 24, 2013

Wave Systems Corp. (NASDAQ:WAVX) announced today that it received notice from the NASDAQ Listing Qualifications Department that Wave has regained compliance with NASDAQ Marketplace Rule 5550(a)(2) relating to the minimum $1.00 per share bid price of the company’s Class A Common Stock. Shares of the company’s Class A Common Stock maintained a closing bid price of at least $1.00 per share for the required ten consecutive days, from July 9 through July 22, 2013.

Because the company has regained compliance with the minimum bid price rule, a previously scheduled hearing with the NASDAQ Hearing Panel has been deemed moot and will not be held.

For more information please contact:

Wave Contact:
Gerard Feeney, CFO
413-243-1600
investors@wave.com

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