SOURCE: Wave Systems Corp.

Wave Systems Corp.

May 09, 2013 16:10 ET

Wave Signs Global Distribution Agreement With Fujitsu America

Fujitsu Customers and VARs Gain Direct Access to Wave's Enterprise-Grade Management for Encryption and Authentication

LEE, MA--(Marketwired - May 9, 2013) - Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, today announced that it has signed an agreement allowing Fujitsu America to resell Wave's comprehensive portfolio of innovative solutions for managing data protection, authentication and malware detection directly to Fujitsu's customers and distribution partners.

Fujitsu will emphasize the availability of Wave Mobility Pro - Tablet Edition, which makes use of hardware security onboard tablets running Windows 8 for seamless authentication to the network -- all without the hassle of entering passwords. Mobility Pro also manages encryption, including Microsoft BitLocker™ and self-encrypting drives, where encryption takes place within the drive itself.

"With the growing demand for our STYLISTIC® and LIFEBOOK® models it made perfect sense for us to join forces with Wave in making Mobility Pro available directly to our customers who have asked for a management solution for Windows 8," commented Paul Moore, vice president product management and marketing, mobile products at Fujitsu. "No other ISV offers the range of options and flexibility for managing multiple types of encryption on various form factors, from tablets to laptops."

The distribution agreement covers Wave's complete portfolio, empowering organizations to:

  • Make your device safe to lose. Wave Cloud is ideal for managing Opal self-encrypting drives from the cloud. Wave for BitLocker Management enables the fast deployment of BitLocker™, the native encryption feature from Microsoft.
  • Eliminate passwords. Enable virtual smartcards for second factor authentication or protect credentials while using Microsoft DirectAccess.
  • Ensure that only known devices are allowed on known networks. EMBASSY Remote Administration Server for Device Identification establishes persistent device identity that can't be spoofed. Gain increased visibility into endpoint health and spot rootkits before the operating system loads with Wave Endpoint Monitor.

"Fujitsu America's reach and excellent reputation for delivering industry-leading tablets and convertibles will provide a solid platform for bringing Wave Mobility Pro to a wider market," commented Steven Sprague, CEO of Wave Systems.

"We're excited to collaborate with Wave and Fujitsu to deliver a complete solution for secure and fast storage. For increasing security and efficiency, you can't do better than a well-managed self encrypted solid-state drive," said Justin Sykes, general manager of Micron's client SSD division. "In fact, we're such big believers in encryption that it's now standard for our client SSDs."

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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