SOURCE: Wave Systems Corp.

Wave Systems Corp.

September 13, 2010 08:33 ET

Wave to Demonstrate Uses of Intel® Core™ vPro™ Processors for Secure Authentication From the PC to the Cloud at Intel Developer Forum 2010

LEE, MA--(Marketwire - September 13, 2010) - Wave Systems Corp. (NASDAQ: WAVX) today announced that it will show a wide range of security capabilities in development that include device-based authentication to secure the client PC, secure remote access to the corporate domain, and strong, hardware-based federated access to both corporate and public cloud services. The series of demonstrations will take place at the Intel Developer Forum (IDF) 2010 (booth # 679) at Moscone Center West, San Francisco, Sept. 13-14.

Notebook and desktop PCs with Intel® Core™ vPro™ processors enable IT to take advantage of hardware-assisted security and manageability capabilities that enhance their ability to maintain, connect and protect business PCs. Wave's client and server software utilizes this native hardware security so that any IT department can meet its strong authentication needs throughout the enterprise. This includes establishing more secure, managed access to the client PC, establishing hardware-based strong authentication to the domain, and ensuring that only hardware-authenticated users are allowed access to corporate cloud services. The ability to strongly identify both the user and/or the device based on tamper-resistant hardware authentication is essential to combating the risks associated with putting more and more information in cyber space.

"Intel Core vPro processors offer intelligent security and management technologies," said Lisa Watts, director of Ecosystems Enabling, Intel Corporation. "These native features give IT a powerful set of tools to address looming cyber security threats, and to adapt to a changing computing environment marked by the migration of services and applications to the Cloud, and an increasingly mobile workforce."

Demos in Focus: Out of Band Management; Secure Remote Access; Strong User ID for Web Single Sign-On

  • Use of vPro Advanced Management Technology (AMT) for Pre-boot Network Management of Self Encrypting Hard Drives (SEDs): SEDs provide great protection of local data on devices and ensure strong authentication to the PC. Wave's client software has an embedded communication and control interface with AMT that enables secure out-of-band communications with the client PC. Capabilities include "wake on LAN," (where a PC that has been turned off is "awakened" for routine maintenance and diagnostics), secure "unlock" and management of SEDs on the network, and secure out-of-band user recovery. Benefits to the enterprise include state-of-the-art encryption and user authentication, without compromising manageability.

  • Secure Remote Access Using Windows 7: Many companies have their own virtual private networks (VPNs) to accommodate the needs of remote employees and distant offices. A key feature of Windows 7 is Direct Access, which gives mobile users seamless access to the corporate domain without using a third-party VPN. Wave has enhanced Microsoft Direct access to leverage the secure authentication capabilities of the Trusted Platform Module (TPM), a hardware security component on all business-class Intel motherboards. By leveraging the TPM's key protection capabilities, a strong device identity can be achieved ensuring that only known devices are connected to the corporate domain prior to user authentication.

  • Strong Authentication between the User, the User's PC and the Application in the Cloud: Wave will demonstrate how users can authenticate to cloud services like Google Apps without a UserID and password -- by using their PC as a token. This capability provides the user with a great experience of "click and enter," while giving IT the advanced security controls to ensure that only authorized users and policy-managed computers have access. Cryptographic binding is accomplished using SAML 2.0 and Intel vPro technology. This demonstration shows how user certificates housed in the TPM can be provisioned from the Microsoft Certificate Authority to provide strong authentication to Google Apps.

  • Strong Machine ID for Greater Security of OpenID: Wave will demonstrate strong, hardware-based authentication using OpenID to public sites that support OpenID credentials. As an OpenID credential is bound to the user's PC, the user gains the ease of access of a universal single sign-on for account creation and persistent access to over 50,000 websites. No longer do users have to worry about multiple passwords, as their PC becomes the universal access token. By storing the private keys in hardware, Intel vPro technology ensures that the user's identity cannot be stolen from his PC via malware or guest users. As OpenID continues to grow in use, the protection of the single sign-on credential with hardware will be paramount. Wave will demonstrate how OpenID credentials can be provisioned into the TPM on a vPro platform via the browser, using Wave's Cloud-based, high-assurance OpenID provider, id.wave.com.

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 http://www.wave.com.

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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