SOURCE: Wave Systems Corp.

Wave Systems Corp.

November 20, 2012 08:27 ET

Government Security News Names Wave a Finalist in the 4th Annual Homeland Security Awards

LEE, MA--(Marketwire - Nov 20, 2012) - Government Security News has announced the finalists -- including Wave Systems (NASDAQ: WAVX) -- in 34 different categories in its 4th Annual Homeland Security Awards competition, along with the names of the preemptive winners in another eight categories.

In the "Best Data Security/Loss Management Solution" category, GSN identified Wave as a finalist with its Safend Data Protection Suite. Safend Data Protection Suite protects organizations from data leakage and theft with a single software product providing granular port and device control, transparent hard disk encryption, comprehensive removable media encryption and accurate content control. It provides complete protection of sensitive data-in-use, data-at-rest and data-in-motion, without sacrificing productivity.

All winners will be announced -- and celebrated -- at a gala dinner GSN is hosting at the Washington, DC Convention Center on the evening of Thursday, Nov. 29, 2012. The finalists and winners were selected by a panel of objective judges, according to Jacob Goodwin, Editor-in-Chief of Government Security News.

"We received an extraordinary number of entries," Goodwin said. "We have carefully reviewed each entry and are now very pleased to announce an exceptionally strong field of finalists."

Edward Tyler, publisher of GSN, invited government officials from federal, state and local levels -- as well as industry executives from across the country -- to join GSN at the awards ceremony on November 29th.

"Today's evolving threat landscape truly requires the government and the enterprise to utilize multi-layered security -- from making sure data is safe when a device is lost or stolen, to protecting your assets from hardware keyloggers," explained Steven Sprague, CEO of Wave Systems. "The Safend Data Protection Suite helps government organizations secure data even among an increasingly mobile workforce, and we are thrilled to be included in GSN's prestigious roundup of security offerings."

About Wave Systems
Wave Systems Corp. (NASDAQ: WAVX) 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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