Wave System Speaker to Describe Trusted Computing and Web Services at

    Business Editors/Technology Editors
    RSA Conference 2005

    LEE, Mass.--(BUSINESS WIRE)--Feb. 14, 2005--

Trusted Computing Solutions Are Available Today to Protect the High
    Value Digital Transactions Associated With Emerging Web Services

    Wave Systems Corp. (NASDAQ:WAVX) today announced that Lark Allen, executive vice president, business development, will present "Trusted Computing, Identity Management and Web Services, the Next Generation of the Internet", Session IAM-101 of the Identity and Access Management Track at the RSA 2005 Conference at the Moscone Center, San Francisco, CA. Allen's presentation, sponsored by the Trusted Computing Group, will be on Feb. 15 at 2:00pm in the Esplanage Room in the South Hall.
    Allen's presentation will show how trusted computing, using industry-standard security chip technology to defend the computing platform against software-based attacks, promises to make the internet safer terrain for enterprises, government and individuals ready to engage in high value digital transactions.
    "In order for the promise of higher value digital transactions on the Internet to be realized, you need a range of capabilities to be present, all of which readily available today from vendors selling trusted computer solutions," Allen said. "With millions of PCs now shipped by industry with Trusted Computing Group-compatible security chips called Trusted Platform Modules (TPMs), we now have the basis for widespread trustworthiness of computer platforms.
    "Building a network of trusted devices can dramatically enhance the privacy and security of existing and future web services," Allen said. "The productivity gains that the internet can deliver have been hampered by poor security and the inconvenience to users. Today's internet is a patchwork of solutions that lack interoperability. Trusted computing is expected to provide the foundation for a common root of trust for business and consumer Interactions on the internet."
    Wave's ETS software solutions are designed to be compliant with the Trusted Computing Group (TCG) specifications. The computer industry has shipped millions of PCs embedded with a TCG-standard chip, called the Trusted Platform Module. Wave has designed its secure business productivity software to work with all TCG-compliant TPMs commercially available.
    More information about EMBASSY Trust Suite products is available through Wave Systems at 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.

    Safe Harbor for Forward-Looking Statements

    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.

    All brands are the property of their respective owners

--30--RG/ny*

CONTACT: For Wave Systems: John Callahan, 413-243-7029 jcallahan@wavesys.com or David Collins, 212-835-8500 wavx@jcir.com

KEYWORD: MASSACHUSETTS TRACK INDUSTRY KEYWORD: HARDWARE AUTOMOTIVE SOFTWARE NETWORKING TRADESHOW SOURCE: Wave Systems Corp.

Copyright Business Wire 2005