LEE, MA–(Feb 24, 2014) – Wave Systems Corp. (NASDAQ: WAVX) announced the inclusion of its management software on Samsung Electronics’ new Trusted Platform Module (TPM). The TPM chip, combined with Wave’s EMBASSY Security Center, provides enterprises with a powerful tool to ensure endpoint and network security.

The TPM is a secure micro-controller with cryptographic features that provides a root of trust and enables the secure generation of keys (with the ability to limit the use of the keys to signing/ verification or encryption/decryption). With the TPM, IT can detect unauthorized changes in the boot process that could signal the presence of a rootkit; protect digital certificates for more secure remote access via VPN or wireless network; establish second-factor authentication with virtual smart cards in place of one-time password tokens or physical smart cards; and strengthen Microsoft BitLocker encryption.

“As the world’s leading semiconductor manufacturer, Samsung’s entry into the TPM market signals an important development in hardware-based security built on industry standards,” said Wave CEO Bill Solms. “This news builds on Wave’s already-strong partnership with Samsung and long history of collaboration.”

Wave collaborated with Samsung Electronics during the development of their TPM chip; in addition to supplying the management software Wave played an instrumental role in helping Samsung during the development process.

EMBASSY Security Center enables all functions of the TPM, with applications varying from hardware-based data encryption to ensuring that only known users and their devices can access corporate resources. The keys are secured by the device itself, making them less vulnerable to tampering.

Supported on Windows 8, Windows 7, Windows Vista, and Windows XP, Samsung’s TPM security chip is available to all original equipment manufacturers (OEMs) and is compatible to configurations shipping on all business-class systems. Under the agreement, Wave’s EMBASSY® Security Center (ESC) – Samsung Edition, TPM Software Stack (“TSS”), EMBASSY® Trusted Suite (ETS) – Samsung Edition, and EMBASSY® Security Center (ESC) Pro – Samsung Edition will be available for distribution.

Samsung’s development of the TPM marks growing support from the global technology firm. Last month, Samsung introduced the 840 EVO solid-state (SSD) self encrypting drive that is compliant with the Opal standard from the Trusted Computing Group. Wave provides management software for the 840 EVO.

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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Company:
Wave Systems Corp.
Michael Wheeler
413-243-7026
mwheeler@wavesys.com

Investor Relations:
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