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LEE, MA -- (Marketwire) -- 08/13/12 -- Wave Systems Corp. (NASDAQ: WAVX) today announced that its EMBASSY Remote Administration Server, a powerful console for managing embedded hardware security including Trusted Platform Modules (TPMs) and Self-Encrypting Drives (SEDs), was awarded four-and-a-quarter stars in SC Magazine's recent review of endpoint security solutions. The full review can be found here.

SC Magazine's Technology Editor focused the review primarily on ERAS' encryption management capabilities, noting: "Deploying full hardware-based encryption throughout the enterprise can be a tricky feat in many environments. This is where the EMBASSY Remote Administration Server, or ERAS, from Wave Systems shines the brightest." He added, "Administrators can use this product to quickly and easily manage many types of both hardware- and software-based encryption throughout the enterprise."

In the categories of "performance" and "ease of use," Wave garnered five stars.

SC Magazine also lauded the added functionality of ERAS when paired with the Safend Data Protection Suite from Wave, detailing the "full security policy templates for International Bank Account Number (IBAN), payment card industry (PCI), and the Health Insurance Portability and Accountability Act (HIPAA), among many others."

"This exemplary rating from SC Magazine truly affirms the value and leadership that Wave brings in leveraging embedded security to reduce costs and complexity for the enterprise," explained Steven Sprague, CEO of Wave Systems. "Today's IT managers need to think beyond just encryption alone, ensuring there are policy-based access controls, centralized administration and proof of compliance. The goal of ERAS is to cover all the bases, while making it easier than ever before."

Key Enterprise Benefits of ERAS

• Facilitates easy deployment of TPMs, any Opal-based self-encrypting drives, and/or SafeNet ProtectDrive FDE software.
• Provides significant cost savings for deployment of advanced security.
• Boosts productivity of network administrators for dealing with TPMs, any Opal-compliant drive, and/or SafeNet ProtectDrive FDE software.
• Provides a consistent management interface for systems containing secure hardware.
• Aids in proving regulatory compliance for data protection.

ERAS is compatible with XP, Vista, Windows 7 and Windows 8.

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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