Wavexpress and Santa Barbara Software To Demonstrate Digital TV At Intel Developer Forum; Santa Barbara Software Announces ATVEF License Agreement from Intel

Business Wire, August 22, 2000

High Tech & Business Editors

Intel Developer Forum Fall 2000

SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 22, 2000

Wavexpress, a new technology company providing a digital broadcast-to-PC service, and Santa Barbara Software, a leading developer of multimedia convergence technology, announced today that they will demonstrate digital broadcast and program enhancement technology at the PCDTV booth at the Intel Developer Forum 2000 in San Jose, August 22-24, 2000.

Santa Barbara Software has completed a license agreement to implement the Advanced Television Enhancement Forum (ATVEF) client specification from Intel Corporation. ATVEF defines protocols for US television programming enhanced with data, including Internet content. Santa Barbara Software's application will allow content creators to deliver enhanced ATVEF compliant programming.

The ATVEF and IP-based data broadcasting provides consumers with dramatically-enhanced television content, including statistics for sporting events, more detailed pictorial and text information, supplementary news coverage, interactive content that enhances educational and entertainment value of programming, and the ability to order online products and services featured in the programming.

Working with Wavexpress, Intel and other leaders in the PC industry, Santa Barbara Software's Digital TV technology and products such as MultiMedia Xplorer help enable a whole new level of data broadcasting services and associated revenue opportunities for broadcasters. As the Internet and Broadband DTV networks converge, the capabilities of this powerful new network will fuel a revolution in the television experience, realizing the potential behind the global conversion from analog to digital TV.

"Santa Barbara Software has developed the state of the art PC client for multimedia applications, and the addition of ATVEF is central to our shared vision of building a universal open platform for interactive TV applications," said Cliff Jenks, CEO of Wavexpress. "ATVEF-enabled personal computers will allow consumers to experience a new level of interactivity and quality from broadcast programming, and the incorporation of this technology into the client application is a critical milestone on the path to success."

Santa Barbara Software will demonstrate the reception and display of an ATVEF-enhanced TV stream as an integral component of the Wavexpress datacasting client application. "We will further demonstrate the capability to transmit, capture, cache, display, and purchase digitally transmitted content inherent in the Wavexpress model." stated Nick Neuburger, president of Santa Barbara Software. "We are pleased to broaden our excellent relationship with Wavexpress at the IDF conference as we continue to integrate our ATVEF-enhanced software for display within their DTV broadcast model."

Demonstrations:

The Wavexpress broadcast e-commerce solution will be on display at the Wave Systems (Nasdaq:WAVX) booth No. 611 and at the Intel Developer Forum Demo Showcase, booth No. 1040 at the San Jose Convention Center August 22-24, 2000.

About Wavexpress, Inc.

Wavexpress is establishing the digital marketplace for the 21st Century. A joint venture of Wave Systems Corp. (Nasdaq:WAVX) and Sarnoff Corporation, Wavexpress delivers rich content--movies, music, sports, news, computer games, software--over a digital broadcast signal direct to any DTV-enabled PC. Wavexpress provides a full range of secure data broadcast architecture, infrastructure, and services to broadcasters, content providers and consumers. Unlike competitors, Wavexpress' broadcast e-commerce system offers a variety of business models, including ad-supported content distribution, pay-per-use, purchase transactions, and subscription services. Integrating over $100 million in research and development, Wavexpress capitalizes on the broadcast engineering expertise of Sarnoff, and Wave Systems' Embassy technology and back-office systems that handle distributed content protection and transaction reporting functions. For more information, visit the Wavexpress web site at: www.wavexpress.com.

About Santa Barbara Software

Santa Barbara Software has quickly emerged as a leading innovator in multimedia convergence software with the launch of Multimedia Xplorer(TM), their flagship OEM product. Multimedia Xplorer is an easy to use, feature-rich, fully customizable application that seamlessly combines the control of TV, HDTV, Audio CD, Line In, USB Video, FM Radio, and more into a single user-friendly interface. By combining expert research with outstanding client service, Santa Barbara Software is the industry leader in the OEM convergence software market.

The dramatic growth of the Internet will continue over the next several years and Santa Barbara Software recognizes that Digital Broadcast is likewise growing and bringing more broadband capabilities to homes around the world. With both media proliferating, web content producers and television professionals are turning to Santa Barbara Software to develop leading edge solutions to create a personal, customizable, and enhanced television experience for viewers to supplement their digital broadcast and dynamic web-style content. The company's web site can be found at www.sbsoft.com.