Wave Announces EMBASSY(R) Support for Seagate FDE Hard Drives Available from Lenovo on Select ThinkPad Series Computers

Wave Systems Corp. (NASDAQ: WAVX), today announced that it has completed the qualification and testing of its EMBASSY Trust Suite, including the EMBASSY Trusted Drive Manager software, on Lenovo PCs with Seagate Momentus® FDE hard drives, adding Lenovo to the list of its supported OEMs offering robust hardware data protection. Wave’s Trusted Drive Manager software, Lenovo Edition, is now available as an option on the ThinkPad R61 series with Seagate Momentus Full Disc Encryption (FDE) hard drives. The combination of the Seagate Momentus FDE hard drive and Wave Systems’ software can provide a number of advantages over software-based encryption, including stronger security, faster performance and always-on encryption. Wave’s EMBASSY Remote Administration Server, also available as an option through Lenovo channels, is designed to provide quick password recovery and an event log that can establish that all data on a lost or stolen notebook was encrypted. Network administrators who deploy Lenovo machines with Seagate drives and Wave’s management software can bypass many of the time-consuming steps required by software encryption, such as the requirement to verify drive integrity by running CHKDSK, a process that can often take an hour or longer. Imaging and maintenance of each PC can also be faster and easier with this solution. In addition, multiple leading OEMs have tested and qualified Wave’s software, allowing for simplified deployment of the drives in mixed environments. "Recently published findings have cast doubt on the extent of the security provided by software FDE solutions, and the industry is embracing hardware-based encryption,” said Steven Sprague, CEO of Wave Systems. "Leading PC manufactures like Lenovo recognize the value of offering hardware-based FDE drives and Wave’s management solutions to provide their customers with comprehensive data protection. By adding Lenovo as a supported manufacturer, Wave is further fortifying its broad distribution of management solutions for trusted drives.” Pricing and Availability Please contact Lenovo for pricing and availability. About Wave Systems Corp. Wave provides software to help solve critical enterprise PC security challenges such as strong authentication, data protection, network access control and the management of these enterprise functions. Wave is a pioneer in hardware-based PC security and a founding member of the Trusted Computing Group (TCG), a consortium of nearly 140 PC industry leaders that forged open standards for hardware security. Wave’s EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG’s industry standard hardware security chip, the Trusted Platform Module (TPM). TPMs are included on tens of millions of PCs and are standard equipment on many enterprise-class PCs shipping today. Using TPMs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions. For more information about Wave and its solutions, 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.