Lee, MA
December 15, 2014

Wave Systems Corp. (NASDAQ:WAVX) announced that David Côté has been elected as the company’s newly appointed Chairman of the Board of Directors, effective immediately.

“I am honored to be named Chairman of Wave’s Board of Directors,” said David Côté.  “I look forward to assisting the management team in pursuing the company’s growth strategy with the goal of offering meaningful value to both our clients and our shareholders.”

A member of Wave’s Board of Directors since March 2014, Mr. Côté previously served as Vice Chairman under the late John E. Bagalay, Jr., who passed away last month after serving as Chairman since 2003.

Mr. Côté has an impressive and distinguished career, including his tenure as President and CEO of Symmetricom, a telecommunications and government solutions provider, and as President and CEO of Packeteer, a WAN application optimization company. Earlier in his career, Mr. Côté served as General Manager and Vice President of Worldwide Marketing for Integrated Device Technology, and also served as Director of Marketing for Apple Computer.

For more information please contact:

Wave Contact:
Wave Systems Corp.
Walter A. Shephard, CFO


Investor Relations:
David Collins, Chris Eddy
Catalyst Global LLC
212-924-9800 office