SOURCE: Wave Systems Corp.

Wave Systems Corp.

October 29, 2013 08:31 ET

Wave Appoints Vice President of North American Sales

Dell Sales Veteran Tom Conte to Lead Wave Sales Activities for Enterprise and Government to North America

LEE, MA--(Marketwired - Oct 29, 2013) - Wave Systems Corp. (NASDAQ: WAVX) announced that Tom Conte, a 25-year information technology sales veteran has been named Vice President of North American Sales, effective Nov. 4. In this role, Mr. Conte will oversee all of Wave's sales activity across North America, helping organizations leverage Wave's comprehensive software suite for establishing multi-factor authentication, managing encryption and detecting advanced persistent threats. Mr. Conte takes over the role from Bill Solms who was promoted to CEO in October.

Prior to joining Wave, Mr. Conte served as Sales Director for Dell's Federal Government OCONUS (Outside the Continental United States) division, selling solutions that address the unique requirements of US Federal customers located around the world. Customers he worked with while at Dell included the Department of State, United Nations, the U.S. Army and the Executive Office of the President, along with multi-national organizations such as the U.N. Development Program, Pan American Health Organization, Inter-American Development Bank and many more. Mr. Conte had previously held the post of Global Account Manager for Dell from 2004 to 2010.

"Tom has an impressive track record of driving sales within the US public and private sectors as well as growing global markets," said Wave CEO Bill Solms. "Tom's a proven winner and he's the type of leader we need within the company."

"There is an increasing awareness of Wave within the government and military agencies I've worked with while at Dell," said Mr. Conte. "I am excited about the near-term opportunities to help solve critical security needs for the federal government and across enterprises in North America and look forward to building on the progress that Bill has made this year."

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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