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Mon, September 21, 2009

Wave Systems Corp.: Wave to Demonstrate Integration With Intel(R) vPro(TM) Technology for Fast and Easy Remote Management of Se


Published on 2009-09-21 05:53:16 - Market Wire
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LEE, MA and SAN FRANCISCO, CA--(Marketwire - September 21, 2009) - (Intel Developers Forum, Booths #326, #156, #158) -- Wave Systems Corp. (NASDAQ: [ WAVX ]) ([ www.wave.com ]) announced today that it will demonstrate remote, out-of-band management of self-encrypting drives using its client and server software with Intel vPro technology -- an advance that is designed to streamline the deployment and management of the new generation of self-encrypting hard drives. The solution is designed to allow a secure network unlock of the drives automatically by an administrator -- regardless of whether the PC is powered on or not, and independent of the operating system.

Demonstrations (in conjunction with both Dell and Lenovo) will take place at this week's [ Intel Developers Forum ], booth #326 in the Intel vPro Technology Community and booth #156 and #158 in the Intel Mobility Pavilion (September 22 and 23, in Moscone Center West, San Francisco).

Self-encrypting drives (SEDs) are a growing segment of the data protection market, offering increased security and better performance than existing software-based encryption solutions. With the publication of the [ Trusted Computing Group ]'s [ Opal ] storage specification -- a single framework for hardware-based encryption -- all the major drive vendors have now introduced SEDs that are based on the functions defined in the standard. The deluge of new SEDs underscores the need for central remote management of the drives, from performing routine maintenance to issuing software updates and conducting security audits. That's where Wave's integration with Intel vPro technology can offer enterprises significant benefits.

Intel vPro technology refers to the built-in capabilities on select Intel processors that enable IT to "discover" and turn on PCs remotely. Wave's solution enhances this capability by integrating support for Intel vPro technology into its software, thereby securing a remote conversation with a PC that has been powered off. This enables administrators to use Wave's EMBASSY® Remote Administration Server to remotely unlock self-encrypting drives (SEDs) regardless of their power state, as well as performing other functions such as a cryptographic erase of the drive. Additionally, the solution:

 -- Supports network unlock. This enables SEDs in multi-user workstations, kiosks or shared systems to be unlocked by the network administrator, eliminating the need for users to supply a password for the encryption. By removing the cost of passwords for non-mobile PCs with encryption, encryption can and should be considered for all PCs. -- Ties specific PCs to specific network segments, facilities or rooms by only unlocking the self-encrypting drive if the machine is connected to an authorized port. -- Supports standard remote management flows. Enables authorized IT to remotely image or issue patches over the network, thus reducing the cost of management, without compromising security or disruption to IT work flow. -- Enables seamless remote user credential recovery that is invisible to the end user. -- Operates independently from the operating system (OS) and can thereby unlock a drive even with a corrupted OS. -- Supports "green" initiatives. Enables environmentally conscious companies to power down unused systems without impacting standard IT management practices. -- Supports all industry-standard Opal-compliant self-encrypting drives, including those from Fujitsu, Hitachi, Samsung and Toshiba, along with Seagate's DriveTrust™ technology. 

"Wave Systems is pleased to be working with Intel to demonstrate a solution that can facilitate remote management of self-encrypting drives," said Steven Sprague, President and CEO of Wave Systems. "Intel vPro technology, combined with Wave's client and server software, increases flexibility in deployment and facilitates secure updates in a pre-OS environment. It's a simple, fast and more secure way to manage the security of self-encrypting drives over the network."

"Intel vPro technology was developed to address major barriers to IT efficiency: reducing the number of desk side visits and the internal resources needed for protecting client PCs on the network," said Tom Quillen, Director - Ecosystem Development, Intel Corporation. "We applaud Wave's integration of the built-in capabilities of Intel vPro technology into its client and server software. The combined Intel/Wave solution marks an important advance in enabling organizations to roll out hardware-based encryption solutions, as well as simplifying ongoing maintenance and management."

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 more than 100 companies 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) and supports the TCG's "Opal" self-encrypting drive standard. Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than many existing software-based encryption solutions. TPMs are included on an estimated 300 million 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

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.

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