SOURCE: Wave Systems Corp.

Wave Systems Corp.

December 15, 2014 17:05 ET

Wave Systems Elects New Chairman of the Board

LEE, MA--(Marketwired - Dec 15, 2014) - Wave Systems Corp. (NASDAQ: WAVX) announced that David Côté has been elected as the company's newly appointed Chairman of the Board of Directors, effective immediately.

"I am honored to be named Chairman of Wave's Board of Directors," said David Côté. "I look forward to assisting the management team in pursuing the company's growth strategy with the goal of offering meaningful value to both our clients and our shareholders."

A member of Wave's Board of Directors since March 2014, Mr. Côté previously served as Vice Chairman under the late John E. Bagalay, Jr., who passed away last month after serving as Chairman since 2003.

Mr. Côté has an impressive and distinguished career, including his tenure as President and CEO of Symmetricom, a telecommunications and government solutions provider, and as President and CEO of Packeteer, a WAN application optimization company. Earlier in his career, Mr. Côté served as General Manager and Vice President of Worldwide Marketing for Integrated Device Technology, and also served as Director of Marketing for Apple Computer.

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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