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Wave Completes 100,000 Seat Trusted Computing Deployment With BASF

Wave Completes 100,000 Seat Trusted Computing Deployment With BASF 
World-Class Achievement for Both Companies 
LEE, MA -- (Marketwired) -- 07/01/13 --   Wave Systems Corp. (NASDAQ:
WAVX), the Trusted Computing Company, announced that it has completed
the installation of its software on BASF's fleet of more than 100,000
PCs and laptops.  
"Ensuring that sensitive data is always safe -- even if a device is
lost or stolen -- is one of the foremost priorities for BASF," stated
Joseph Souren, General Manager EMEA & Vice President Wave. "Thanks to
a strong partnership with the BASF's IT Governance and Information
Services groups, Wave and BASF were able to complete the deployment
of a fully-managed, hardware-based encryption solution across a
hundred thousand endpoints in record time. It was truly a
'world-class' achievement and one built on mutual trust and
commitment."  
BASF, headquartered in Ludwigshafen, Germany, is the world's leading
chemical company. Its portfolio ranges from chemicals, plastics,
performance products, and agricultural products to oil and gas. BASF
partners with its customers to create chemistry for virtually all
industries.  
To protect sensitive data, BASF elected self-encrypting drives (SEDs)
as opposed to software encryption, as part of the standard
configuration for all of BASF's laptops. Built in accordance with the
Opal specification published by the Trusted Computing Group, SEDs are
among the most secure, best performing and most transparent
encryption options available. Available in solid state or traditional
rotating disk form, they are available from all the leading storage
providers and PC OEMs. 
The original order with BASF was initiated in 2011, involving tens of
thousands of licenses for Wave's flagship EMBASSY(R) Remote
Administration Server. With the completion of this installation, BASF
has extended its license with Wave until 2015. Wave enables IT to
activate each SED in seconds (as opposed to up to several hours per
device with software-based encryption), set security policies and
provide detailed event logs to prove data was encrypted if a laptop
goes missing. 
"BASF is the pre-eminent name in the global chemical industry and
truly one of the world's top brands," said Steven Sprague, CEO &
President. "We've enjoyed a strong working relationship with BASF as
they've completed this significant installation of more than 100,000
self-encrypting drives on every BASF laptop -- all of them managed by
Wave. This collaboration is yet another example of Wave's ability to
bring our world-class solutions to customers of every size, across a
variety of industries."  
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.  
Safe Harbor for Forward-Looking Statements
 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. 
All brands are the property of their respective owners. 
Company: 
Wave Systems Corp. 
Michael Wheeler 
413-243-7026 
mwheeler@wavesys.com 
Investor Relations:
David Collins, Eric Lentini
212-924-9800
wavx@catalyst-ir.com