SOURCE: Wave Systems Corp.

Wave Systems Corp.

November 13, 2009 08:36 ET

Wave Forms European Advisory Board With Appointment of Former Member of House of Lords, Lord Renwick, and High Tech Venture Specialist, Dr. Jan Dauman

Advisory Board's Goal Is to Expand the Profile of Wave's Solutions in European Markets and to Support Business Development

LEE, MA--(Marketwire - November 13, 2009) - Wave Systems Corp. (NASDAQ: WAVX) ( announced today that it has formed a European Advisory Board with the appointment of Harry Renwick and Jan Dauman, both of whom have substantial bases of experience and relationships in the field of technology, as its charter members. Peter Sprague, Wave's founder, will act as Chairman of, and Wave's liaison to, the European Advisory Board. Mr. Sprague was Chairman of Aston Martin in the UK and has had extensive international experience during his 30 years as Chairman of National Semiconductor. The Advisory Board's charter is to work to raise the profile of Wave Systems and its hardware-based security solutions across Europe, and to support the company's business development in the region.

With 30 years of experience in both the public and private sectors, Lord Renwick specializes in the use of technology to affect business transformation and change. In his 27 years in Parliament, Lord Renwick served as an advisor to industry and British government agencies. He is the founder and current President of the European Information Society Group, Vice President of the UK Parliamentary IT Committee and President of the IT Directors Network. He has also served on numerous Parliamentary Select Committees dealing with high technology policy issues and has been involved as a Director and Adviser in several venture start-ups.

Jan Dauman has three decades-plus of international business experience, serving as an advisor to major multi-national corporations and governments, as director for entrepreneurial ventures and in various managerial roles. He has been directly involved with more than 100 projects in 25 countries related to market entry, merger & acquisition, joint ventures and capital raising. His main focus has been on high-tech ventures, especially in the IT, telecommunications and pharmaceutical sectors. Dauman has an engineering degree from Imperial College, a business degree from Yale University and a PhD in economics and management from Brunel University. He worked for IBM before founding the InterMatrix Group, an international business consultancy in 1975. Since 2000, he has been a Director and Partner of Central Europe Trust, a corporate finance advisory and fund management firm focused on CEE/Russia. He is a partner in The Learning Partnership, a member of the Board of Trustees of the International Business Forum and an Independent Director of several companies.

Steven K. Sprague, CEO and President of Wave Systems commented, "Lord Renwick and Jan Dauman have had distinguished careers focused on innovation and high tech and, importantly, they share our enthusiasm for the ways in which Wave's solutions can efficiently fortify enterprise networks, end points and data. We welcome them as members of our new European Advisory Board and look forward to their help in pursuing opportunities in Europe."

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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Contact Information

  • For more information please contact:

    Gerard T. Feeney
    Wave Systems Corp.
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