LEE, MA--(Marketwire - May 23, 2012) - Wave Systems Corp. (NASDAQ: [ WAVX ]) announced today that CEO Steven Sprague will join representatives from Microsoft, the NSA and Fixmo to discuss the importance of trusted computing in solving security problems organizations face every day. The panel presentation takes place Thursday, May 24^th, at the 15^th annual Secure Communications and Computing User Conference and Training at The Paris Hotel, Las Vegas, Nevada.

Trusted computing offers compelling security benefits for global enterprises facing serious cyber threats. The technology gives organizations a new paradigm for device authentication and trusted execution, along with faster and more secure encryption based in hardware. Technologies such as the Trusted Platform Module (TPM), a cryptographic chip built on open industry standards defined by the Trusted Computing Group, can enable a myriad of advanced security features. Applications include ensuring only known devices have access to the corporate network and measuring and reporting on the health of the pre-boot environment.

WHAT:
Panel presentation, "Knowing Who and What Is on Your Network: Trusted Computing Challenges and Solutions for Government and Industry"

WHO:
Leslie Andresen, General Dynamics C4 Systems (Moderator); Steven Sprague, Wave Systems; Rick Segal, Fixmo Inc.; Atul Shah, Trustworthy Computing Division, Microsoft Corporation; and Marianne Bailey, National Security Agency's Information Assurance Directorate.

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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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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