SOURCE: Wave Systems Corp.

Wave Systems Corp.

March 10, 2015 06:45 ET

Wave Systems Signs MOU With Nationz, Leading TPM Vendor in China

Wave and Nationz Align for Global Partnership in Trusted Computing

LEE, MA--(Marketwired - Mar 10, 2015) - Wave Systems Corp. (NASDAQ: WAVX) and Nationz Technologies (SSE: 300077) announced that they have signed a memorandum of understanding (MOU), under which the companies will jointly promote Trusted Platform Module (TPM) 2.0 solutions worldwide. Wave is the first TPM software vendor to work with Nationz -- the leading TPM vendor in all of China.

Wave and Nationz have agreed to undertake joint sales and marketing efforts while promoting the adoption of trusted computing technology worldwide. Benefits from these joint efforts are expected to materialize in the third quarter of 2015.

"This agreement signals a significant movement into China's market," said Bill Solms, President and CEO of Wave Systems. "Wave is the first and only TPM software company to work with a TPM vendor certified by the Chinese government -- a unique position that will help support and grow a healthy industrial chain for trusted computing. We're very pleased to be working with Nationz to promote the industry's international standard TPM 2.0."

As part of the agreement, Wave will offer its EMBASSY® Security Center (ESC), the solution that activates and manages TPMs so that both the user and the device can be securely verified. With this agreement, the ESC solution will enable agreed-upon functions using Chinese algorithms with Nationz's TPM.

In all cases, Wave's ESC solution offers data protection, ease-of-use, security compliance and reporting, and central management of security policies. For more information about Wave solutions, visit: www.wave.com.

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.

About Nationz Technologies
Nationz Technologies Inc. engages in the design of integrated circuits (ICs). The company offers identity authentication, telecommunication, secure storage, and trusted computing products. Its products comprise Z8D64 and Z8D168 chips, and Z32 chips; ZCP320A, a high performance and low power consumption CPU; clock processing and driving chips; and network protocol chips. The company was formerly known as ZTEIC Design Co., LTD. and changed its name to Nationz Technologies Inc. in June 2009. Nationz Technologies was founded in 2000 and is headquartered in Shenzhen, China.

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.

All brands are the property of their respective owners.

Contact Information