SOURCE: Wave Systems Corp.

Wave Systems Corp.

June 23, 2015 07:30 ET

Global Professional Services Firm Renews Software Maintenance Agreement With Wave Systems

LEE, MA--(Marketwired - Jun 23, 2015) - Wave Systems Corp. (NASDAQ: WAVX) announced that a global professional services firm has signed a one-year software maintenance renewal agreement for approximately $150,000 to use Wave's TPM management software capabilities to secure their endpoint devices.

The customer utilizes Wave's solution in conjunction with industry-standard Trusted Platform Module (TPM) security chips to deliver hardware-based secure authentication for over 100,000 employees worldwide. 

"Wave provides a superior solution to secure access to critical corporate infrastructure. Our software allows an easy way to manage and access TPM cryptographic services best suited to the needs of clients with a diverse and distributed user population," said Bill Solms, President and CEO, Wave Systems. "This agreement is an extension of their current contract with Wave. Their renewal and successful use of our software over the past several years validates that major global corporations continue to choose Wave's solutions to protect their IT environments."

About Wave Systems
Wave Systems Corp. reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.

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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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