(WAVX) CEO Sprague to Present Paper on Network Modernization in India

LEE, MA — (Marketwired) — 07/11/13 — Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, today announced that CEO Steven Sprague will present the paper, “Modernize the Network: Device Identity Network Meets Enterprise Needs” at the Data Security Council (DSCI) “Best Practices Meet” in Chennai, India on Friday, July 12.

An annual event, “Best Practices Meet” gathers leading members of the security community to discuss the changing dynamics of the threat landscape and evaluate defense architectures to counter advanced persistent threats. The event is coordinated by IEEE in association with DSCI.

Who: Mr. Sprague, CEO of Wave Systems

What: The paper outlines how a stronger foundation for network security can be built on the identity of the device, as opposed to the user. Because network access is granted based on user identity, it leaves corporate networks vulnerable to advanced persistent threats and socially engineered hacks. The cable and cellular phone industries have successfully adopted this model, and are now less vulnerable to attack.

Where: Mr. Sprague will appear via video conference at DSCI “Best Practices Meet” at the Hyatt Regency 365 Anna Salai, Teynampet, Chennai

When: Friday, July 12, 3:30 p.m. (local time in Chennai)

More information on the agenda and track session can be found at http://www.dsci.in/events/about/1336

The paper will be among several presented before an esteemed group of judges, including Ponnavaikko Murugesan, Head, IEEE India Council; Deepak Garg, Director, IEEE India Council; B M Mehtre, Associate Professor, IDRBT; Vishal Salvi, CISO, HDFC Bank; Maria Bellarmine, CISO, Tech Mahindra; Sunil Varkey, CISO, Wipro; Roop Chandar, Director Global Operations, HCL.

DSCI is a focal body on data protection in India, set up as an independent self-regulatory organization by NASSCOM®, to promote data protection, develop security and privacy best practices & standards and encourage the Indian industries to implement the same.

Wave is represented locally by Sasi Bhushan of Infodat Technologies (+91 40 44886999 X 989) and Vinod Kumar of Satcom Infotech +91-98200-35781. Both Infodat Technologies and Satcom Infotech are Wave Gold Distributor Partners.

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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Company:
Pratap S. Kesarkar
Wave Systems Corp.
609-750-6869 (O)
india@wave.com

Investor Relations:
David Collins
Eric Lentini
212-924-9800
wavx@catalyst-ir.com