SOURCE: Wave Systems Corp.

Wave Systems Corp.

August 25, 2010 16:08 ET

Wave Executive Lark Allen to Speak on Hardware Encryption at the Air Force Information Technology Conference (AFITC)

LEE, MA--(Marketwire - August 25, 2010) -  Wave Systems Corp. (NASDAQ: WAVX) (www.wave.com) today announced that Executive Vice President and resident storage expert Lark Allen, will discuss encryption, the need for central management and the use of self-encrypting drives (SED) for secure user authentication during the Air Force Information Technology Conference (AFITC). The Conference takes place in Montgomery, Alabama, next week at the Convention Center at the Renaissance Hotel & Spa (August 30 to September 2, 2010).

Mr. Allen will present "Stronger Authentication ... Through Self-Encrypting Drives," addressing a powerful security feature of SEDs: their use in performing strong user authentication. Capitalizing on a capability written into the Trusted Computing Group's Opal specification, SEDs can perform a highly secure authentication of the PC at the edge of the network, completely independent of the operating system and protected from attacks. By authenticating to the drive with a password, biometric or a common access card (CAC), a strong "root of trust" is established in order to initialize other highly trusted environments. (Monday, Aug. 30, at 2:30 p.m.)

Mr. Allen will conduct a second presentation on SEDs, "The Self-Encrypting Hard Drive Revolution: Managing Your Data-at-Rest Solutions," covering the benefits of self-encrypting drives and the requirements for compliance in proving that encryption and security were in place when PCs are lost or stolen. The session will address the need for central management of encryption, with a special focus on stipulations included in recently passed legislation and industry regulations. (Wednesday, Sept. 1, at 1:30 p.m.)

Mr. Allen has more than 30 years of industry IT experience and is active in a number of industry standards organizations, including the Trusted Computing Group, where he is a member of the Storage Work Group.

Join Wave for On-site Demonstrations: Booth #641
In addition to Mr. Allen's presentations, Wave will conduct demonstrations of its EMBASSY® management software at its booth (#641). The company's client and server software provides policy-based access controls, pre-boot authentication, CAC integration and centralized administration for SEDs 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 with data privacy regulations.

Wave's same software also helps organizations turn on and deploy Trusted Platform Module (TPM) security chips, which are included on virtually all business PCs. Use of the TPM can ensure that only known devices are allowed access to a network. See more details at wave.com.

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 http://www.wave.com.

Safe Harbor for Forward-Looking Statements
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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