Lee, MA
October 26, 2011

Wave Systems Corp. (NASDAQ:WAVX www.wave.com) a leading provider of trusted computing software, announced today that Steven K. Sprague, CEO, and Gerard T. Feeney, CFO, will present at Needham & Company's Fifth Annual HDD & Memory Conference in Boston on Thursday, November 3, 2011 at The Langham Hotel at 250 Franklin Street. Wave's presentation/webcast is at 10:05 a.m. ET in the Chase Room. Management will also be available to meet with investors in individual meetings that day.

Live Webcast & Replay: available here: /resource-center/Webcasts

Wave offers central management for self-encrypting drives (SEDs), where encryption is built into the hard drive itself for more robust security and minimal impact on performance as compared with software FDE. Wave was the first to support Seagate's DriveTrust encrypted hard drives, and today supports SEDs built on the TCG Opal specification from Toshiba, Hitachi, Seagate, Samsung and Micron.

For more information please contact:

Wave Contact:
Gerard T. Feeney, CFO
Wave Systems Corp.
413-243-1600
info@wave.com

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