SOURCE: Wave Systems Corp.

Wave Systems Corp.

February 24, 2012 08:29 ET

Wave Announces Windows 8 Readiness

Wave to Extend Windows 8 Security Features for Malware Detection, Access Control and Encryption

LEE, MA--(Marketwire - Feb 24, 2012) - Wave Systems Corp. (NASDAQ: WAVX) today announced future Wave development of value-added security solutions for Windows 8. Windows 8 has innovative security features for better malware protection and takes an integrated approach to strong authentication and encryption.

"Business users and consumers are facing a host of unprecedented challenges in maintaining their security," said Tony Mangefeste, Senior Program Manager for Microsoft Corp. "Hardware-based security is one of the best methods for ensuring platform integrity, encrypting data or mitigating malware that targets the boot path. Wave's product expertise aligns with Microsoft on achieving our goals for security."

Wave plans to provide Windows 8 support for its solutions that utilize hardware-based security components such as the Trusted Platform Module (TPM), Unified Extensible Firmware Interface (UEFI) and Encrypted Drives (eDrives). As part of the roadmap, Wave will develop attestation capabilities using the TPM that increase the trust level for online transactions and confirm the reliability of computer health metrics. Wave software enhances deployment scenarios for TPM-based features while extending the capabilities to previous Windows operating systems.

"Wave is honored to support Microsoft in its launch of Windows 8 by delivering some of the most innovative security solutions on the market," said Steven Sprague, Wave's CEO and President. "Through our technical collaborations with Microsoft, we can offer organizations a more secure infrastructure that builds on Windows 8."

Enterprises with the earlier versions of Windows Vista or Windows 7 operating systems can also benefit from hardware-security available on the market today. Wave manages more SED seats in the enterprise than any other independent software vendor. The single largest TPM deployment in the world -- with over 80,000 machines activated -- is also a Wave customer.

Wave is a founding member of the Trusted Computing Group (TCG), a not-for-profit consortium committed to developing, defining and promoting open industry standards.

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.

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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Contact Information

  • Company:
    Wave Systems Corp.
    Michael Wheeler

    Investor Relations:
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    Jaffoni & Collins