SOURCE: Wave Systems Corp.

Wave Systems Corp.

August 23, 2010 08:34 ET

Wave Customer Boston Medical Center to Speak on Benefits of Hardware Encryption at the Forrester Security Forum Sept. 16

LEE, MA--(Marketwire - August 23, 2010) -  Wave Systems Corp. (NASDAQ: WAVX) ( today announced that Boston Medical Center's Network Security Engineer Mark Mulvaney will share his insights on the need for encryption in hospitals and discuss the fundamental differences between software- and hardware-based encryption. Mulvaney will present "Encryption: Hardware or Software? Lessons from the Field," from 3:00-3:30 p.m. as part of Forrester Security Forum, held Sept. 16-17 at the Westin Copley Place, Boston, Mass.

Boston Medical Center (BMC) is a 639-bed licensed academic medical center located in Boston's historic South End. Primarily a teaching affiliate for the Boston University School of Medicine, BMC provides a full range of pediatric and adult care services, from primary to family medicine to advanced specialty care. It has the largest 24-hour Level 1 trauma center in New England.

With an increasingly mobile workforce using laptops, BMC took proactive steps to mitigate the possibility of data breach in the event a laptop was lost or stolen. Mulvaney, one of two individuals with primary responsibility for IT security at BMC, advocated replacing the hospital's existing software encryption with self-encrypting hard drives.

Wave's EMBASSY® management software provides policy-based access controls, pre-boot authentication and centralized administration for self-encrypting hard drives based on the Trusted Computing Group's Opal specification. Should a loss or theft of a laptop occur, Wave's management software enables IT to produce detailed event logs, thereby proving that information on the laptop was encrypted at the time of loss in order to show compliance to the data privacy regulations. See more details at

Representatives of the company will demonstrate these capabilities at the Trusted Computing Group's booth (#208).

This year the focus of the Security Forum is on: evaluating the maturity and effectiveness of the security organization; laying out a road map for architectural optimization and innovation; and ensuring the right skills, incentives and metrics are in place for the long-term success of the security program. The event attracts senior-level IT and information security executives, senior-level practitioners, IT infrastructure and operations professionals, among others.

About Wave Systems Corp.
Wave provides software to help solve critical enterprise PC security challenges such as strong authentication, data protection, network access control and the management of these enterprise functions. Wave is a pioneer in hardware-based PC security and a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security. Wave's EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG's industry standard hardware security chip, the Trusted Platform Module (TPM) and supports the TCG's "Opal" self-encrypting drive standard. Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than many existing software-based encryption solutions. TPMs are included on an estimated 300 million PCs and are standard equipment on many enterprise-class PCs shipping today. Using TPMs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions. For more information about Wave and its solutions, visit

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This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.

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