SOURCE: Wave Systems Corp.

Wave Systems Corp.

July 01, 2014 16:30 ET

Wave to Release Second-Generation Virtual Smart Card Management Solution on July 22

LEE, MA--(Marketwired - Jul 1, 2014) - Wave Systems Corp. (NASDAQ: WAVX) today announced the coming release of Wave Virtual Smart Card 2.0, the only enterprise-grade, comprehensive lifecycle management solution for virtual smart cards on devices running Windows 7. It also provides a superior solution for devices running virtual smart cards on both the Windows 8 and 8.1 operating systems. Details of the online launch event on July 22 will be posted on as they become available.

Wave's lifecycle management of virtual smart cards received positive reviews when it was first demonstrated at RSA Conference 2014. The product has been available in beta since June 1.

Virtual smart cards are designed to emulate the functionality of physical smart cards -- but can offer greater convenience to users, lower total cost of ownership and a reduced risk of inappropriate or unauthorized use. Because virtual smart cards utilize the built-in security of the Trusted Platform Module (TPM) security chip, there's no physical card or smart card reader required.

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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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