Wave Earns Top Honor for Research Paper on "Modernizing the Network" at DSCI's "Best Practices Meet 2013" Event

Wave Earns Top Honor for Research Paper on "Modernizing the Network" at DSCI's 
"Best Practices Meet 2013" Event 
CHENNAI, INDIA -- (Marketwired) -- 07/25/13 --  Wave Systems Corp.
(NASDAQ: WAVX), the Trusted Computing Company, announced that a
research paper presented by CEO Steven Sprague, "Modernize the
Network: Device Identity Network Meets Enterprise Needs," was singled
out among half a dozen shortlisted nominations as best research
paper. The competition took place at the Data Security Council (DSCI)
"Best Practices Meet" in Chennai, India, on Friday, July 12.  
"DSCI Best Practices Meet aims at bringing security professionals
together to collaborate and engage in thought-provoking discussions
on security and privacy issues," said Dr. Kamlesh Bajaj, CEO DSCI.
"This year we conducted a technical paper presentation competition,
in association with Cisco and IEEE. It was heartening to observe that
all the papers were infused with fresh ideas and innovative
approaches to strengthen network security. 
"I congratulate Steven Sprague from Wave Systems who won the best
paper award, Asit More and Shashikala Tapaswi from ABV Indian
Institute of Information Technology & Management, Gwalior who were
the first runners up and Santosh Krishna Putchala, Rajanna Anitha
Yadukumar and Krishna Bhat from Robert Bosch Engineering and Business
Solutions who qualified for the second position. I hope that these
new ideas will find acceptance in the industry and contribute in
making our networks more secure and robust," said Dr. Bajaj. 
Commented Wave CEO Steven Sprague, "Wave and DSCI have collaborated
for a number of years, so we were honored to attend 'Best Practices
Meet,' and especially proud to have our technical paper singled out
as best in class. The message that network access and service
delivery should be allowed or denied based on the device, as opposed
to the identity of the user, resonated with the panel of judges. This
model has been effectively adopted by the cellular and cable
industries, with instances of fraud and data compromise plummeting in
each case. Trusted Computing technologies enable this new networking
The technical paper presentation was organized by DSCI in partnership
with IEEE India Council and Cisco. The authors of six papers (from an
original field of 40 nominations) presented their research to the
jury members. After a critical evaluation of the papers, the winners
were announced. Mr. Ponnavaikko Murugesa, Head, IEEE India Council
and Dr. Kamlesh Bajaj, CEO DSCI conferred the award and congratulated
the winners. The winners included: 

--  Mr. Steven Sprague - Wave Systems for Best Research Paper
--  Mr. Asit More - ABV Indian Institute of Information Technology &
    Management, Gwalior for the first runner-up position
--  Mr. Santosh Krishna Putchala - Robert Bosch Engineering and Business
    Solutions for the second runner-up position

The jury members included Mr. Ponnavaikko Murugesa, Head, IEEE India
Council; Dr. Deepak Garg, Director, IEEE India Council; Mr. Vishal
Salvi, CISO, HDFC Bank; Mr. Roopchandar, Director Global Operations,
HCL; Prof. B. Mehtre, Sr. Professor, IDRBT; Mr. Maria Bellarmine,
CISO, Tech Mahindra; and Mr. Sunil Varkey, CISO, Wipro. 
DSCI is a focal body on data protection in India, set up as an
independent self-regulatory organization by NASSCOM(R), to promote
data protection, develop security and privacy best practices &
standards and encourage the Indian industries to implement the same.
Its "Best Practices Meet" has been held for five years running, with
this year's event attracting more than 200 senior industry and
government security professionals.  
Wave is represented locally by Sasi Bhushan of Infodat Technologies
(+91 40 44886999 X. 989) and Vinod Kumar of Satcom Infotech
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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