Lee, MA
July 2, 2014

Wave Systems Corp. (NASDAQ: WAVX) today announced the coming release of Wave Virtual Smart Card 2.0, the only enterprise-grade, comprehensive lifecycle management solution for virtual smart cards on devices running Windows 7. It also provides a superior solution for devices running virtual smart cards on both the Windows 8 and 8.1 operating systems. Details of the online launch event on July 22 will be posted on wave.com as they become available.
 
Wave's lifecycle management of virtual smart cards received positive reviews when it was first demonstrated at RSA Conference 2014. The product has been available in beta since June 1.
 
Virtual smart cards are designed to emulate the functionality of physical smart cards-but can offer greater convenience to users, lower total cost of ownership and a reduced risk of inappropriate or unauthorized use. Because virtual smart cards utilize the built-in security of the Trusted Platform Module (TPM) security chip, there's no physical card or smart card reader required.
 
Contact sales@wave.com or beta@wave.com for more information.

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