Wave Systems to Demonstrate Trusted Computing Security Solutions with Giesecke & Devrient at CeBIT 2005

Business Wire, March 9, 2005

HANNOVER, Germany -- Wave Systems Corp. (NASDAQ:WAVX) today announced its EMBASSY(R) Trust Suite (ETS) software for trusted computing will be demonstrated at the Giesecke & Devrient (G&D) booth at the CeBIT 2005 trade show, March 10-16, 2005.

At CeBIT 2005, Wave will highlight the newest trusted computing capabilities of its ETS software, including policy management, and management tools to enable hardware security in applications such as email and wireless authentication. Wave has designed its ETS software to be easy to use, to be interoperable across all available platforms and security chip vendors, and to offer server solution upgrades needed by enterprises and government users.

"The combination of trusted computing with smart card technology shows a lot of complementary advantages," said Andreas Raschmeier, head of Business Development, G&D. "As an integrated part of the motherboard, Trusted Computing Group-specified Trusted Platform Modules (TPMs) provide an early integrity control for software and hardware as well as identity control of the entire PC system. The addition of chip card technology, as a smart card or smart USB token, enhances security by allowing multi-factor authentication. It also enables portable user identification delivering a reliable and flexible security solution."

Demonstrations will be available at the G&D Booth D28, Hall 17, at the CeBIT 2005 trade show. For more information about the demonstrations, please contact Bruno Leconte, at bleconte@wavesys.com.

"Both Wave and G&D are members of the Trusted Computing Group and Wave is pleased to be able to highlight a range of trusted computing solutions with them at this important trade show," said Bruno Leconte, Wave's vice president, EMEA.

Wave's ETS software solutions are designed to be compliant with TCG specifications. The computer industry has shipped millions of PCs embedded with a standard security chip, called the TPM. Wave has designed its secure business productivity software to work with all TCG-compliant TPMs commercially available.

For more information please visit www.wave.com.

About Wave Systems

Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is the leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms from a variety of vendors. Wave holds a portfolio of significant fundamental patents in security and e-commerce applications and employs some of the world's leading security systems architects and engineers. For more information about Wave, visit http://www.wave.com.

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Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.