Wave EMBASSY Software Adopted by NECPC for the Japanese Market

Wave EMBASSY Software Adopted by NECPC for the Japanese Market 
LEE, MA -- (Marketwired) -- 08/08/13 --  Wave Systems Corp. (NASDAQ:
WAVX), the Trusted Computing Company, announced that NEC Personal
Computers (NECPC), the dominant PC manufacturer in Japan, is bundling
Wave's EMBASSY Security Center (ESC) client software on its Mate MB
series of desktops. Mate MB, which is designed by NECPC for NEC
Corporation, is popular with SMBs and within the enterprise. The Mate
MB models include a Trusted Platform Module (TPM) security
co-processor that is activated and managed by Wave software.  
Japan is the third-largest PC market in the world, and NECPC's
widespread sales, marketing, and distribution capabilities, coupled
with their focus on research and development, further advance the
Trusted Computing initiative by using Wave technology.  
"Today's cyber threats demand an innovative approach to security. By
rooting authentication and encryption to the built-in hardware based
security inside the device, we can offer our users more robust
safeguards and therefore greater peace of mind," said Tadashi
Onodera, Executive Officer of R&D, NECPC. "We saw Wave as the first
choice to partner with given their broad depth of technical
capabilities and knowledge, and their pioneering role in the Trusted
Computing market." 
The NEC edition of EMBASSY Security Center (ESC) provides a host of
TPM management functions -- including the ability to initialize and
take ownership of the chip. ESC also enables TPM keys to be backed up
and restored. With ESC, users gain enhanced security with Microsoft's
Encrypting File System (EFS) and can protect data in motion by
utilizing scrambls for files.  
As part of the agreement, NECPC also licensed Wave's TCG-enabled
toolkit, which NECPC used to develop its custom NASCA authentication
and encryption application that leverages the TPM. ESC and Wave's
TCG-enabled toolkit are used in conjunction with NASCA to provide an
alternative means for Windows logon and to protect data, strengthened
by TPM security. NASCA requires secure PKI authentication with keys
generated in the TPM to log into Windows. When the user logs on, he
or she enters a PIN for the TPM key and the NASCA system then
authenticates the user -- adding hardware-level sec
urity to the
authentication process. A similar process is used for encrypting
files with the TPM using NASCA. 
"NECPC is making a strong commitment to security within the Japanese
enterprise market," commented Wave CEO Steven Sprague. "We're proud
to see the partnership with NECPC as the latest example of Trusted
Computing reaching new users and Wave's continued expansion in the PC
OEM space."  
Wave replaces Infineon software within NASCA -- both for TPM
management and for custom development of TPM-based solutions. Wave's
Embassy Security Software supports Windows 8 and brings additional
capabilities that weren't available in the Infineon software. 
Production began in July.  
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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including all statements that are not statements of historical fact
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Wave Systems Corp. 
Michael Wheeler 
Investor Relations:
David Collins, Eric Lentini
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