Wave Encryption Management Software Accepted for Assurance Evaluation by UK Government's CESG

Wave Encryption Management Software Accepted for Assurance Evaluation by UK 
Government's CESG 
LONDON, UNITED KINGDOM -- (Marketwired) -- 02/03/14 --  Following
months of detailed preparations, Wave Systems Corp. (NASDAQ: WAVX)
announced that its software suite for managing hard drive encryption
has been accepted for evaluation into the CESG
(Communications-Electronics Security Group) Commercial Product
Assurance (CPA) programme. 
CPA certification is awarded when a product has met all the security
characteristics set forth by CESG, the UK Government's National
Technical Authority for Information Assurance. CESG protects the
vital interests of the UK by providing policy and assistance on the
security of communications and electronic data, working in
partnership with industry and academia.  
"We're delighted to have ERAS formally entered into CPA evaluation,
and would like to express our thanks to Roke Manor Research, our lab
testing partner, and CESG for their advice and guidance during the
preparation stage of this process," said Wave CEO Bill Solms. "CPA
assurance is considered the 'best practice standard' for cyber
security technologies and services within the UK and opens new
opportunities for government and private sector business."  
Wave is now listed on CESG's 'Products in Evaluation' web page:
A decision on certification is expected during mid-2014; acceptance
into evaluation does not guarantee certification. 
Wave helps organisations achieve compliance with international data
protection and privacy laws; its EMBASSY(R) Remote Administration
Server (ERAS) provides directory-based management for two forms of
encryption: Self-Encrypting Drives (SED), based on the OPAL standard,
published by the Trusted Computing Group and Microsoft BitLocker(R),
a native hard disk encryption feature on many Windows operating
ERAS enables organisations to remotely initialize, lock and manage
SEDs and BitLocker configurations, recover passwords as well as
decommission drives at end-of-life. ERAS is deployed in some of the
world's largest enterprise infrastructures, with several deployments
of more than 100,000 devices at each enterprise.  
About Wave Systems 
 Wave Systems Corp. 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.  
About CESG
 CESG is the Information Security arm of GCHQ and is based
in Cheltenham, Gloucestershire, UK. It is the UK Government's
National Technical Authority for IA, responsible for enabling secure
and trusted knowledge sharing to help its customers achieve their
business aims. CESG uses its deep technical expertise to provide its
customers with insights into information risks and mitigations,
enabling customers to reduce both the risks to, and impacts on, their
information and information-based systems. For more information on
CESG, please visit http://www.cesg.gov.uk 
About Roke Manor |Research
 Roke Manor Research Ltd is a world-class
electronics engineering company that provides contract research,
product development and manufacturing for a wide range of UK and
international customers. Roke develop advanced sensors,
communications systems, and network solutions for a diverse range of
applications. Trusted by government and industrial partners
worldwide, Roke provide independent advice, solve technically
challenging problems and deliver innovative capability and products
into the defence, national security, telecommunications, and
healthcare markets. Established in 1956 it is a wholly owned
subsidiary of Chemring Group plc. which employs over 4,000 people
globally. For more information on Roke Manor Research please visit
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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
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Wave Systems Corp. 
Michael Wheeler 
Investor Relations:
David Collins
Eric Lentini
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