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LEE, MA -- (Marketwired) -- 09/23/13 -- Wave Systems Corp. (NASDAQ: WAVX) today launched Wave Cloud 2014, a cloud-based service for enterprise-wide management of endpoint encryption. Originally named Wave Cloud when the product became available last year, Wave Cloud 2014 now includes management of Windows BitLocker and Mac FileVault in addition to self-encrypting drives (SEDs), enabling the service to handle the complete spectrum of embedded endpoint encryption technologies.

"Wave Cloud has already delivered outstanding results to enterprises taking advantage of hardware-based security on their devices," said Steven Sprague, CEO of Wave Systems. "With the new functionality and enhancements that we've added to the 2014 release, customers will now be able to manage OS-native encryption including BitLocker and Mac FileVault on their current equipment, while phasing in and managing SEDs in the same console. This is a significant step forward and can help even more companies protect their sensitive data."

Wave Cloud 2014 is among the fastest, most cost-effective ways to deploy endpoint encryption technologies, the only product on the market that can manage SEDs in the cloud, and the only one that combines SEDs, BitLocker, and FileVault management in one console. The solution can now be used to manage the full spectrum of native endpoint encryption technologies, and is built on a market-proven web platform that improves the customer experience and scales to millions of devices.

SEDs provide one of the best defenses against data breach. Based on the Opal specification published by the Trusted Computing Group, the drives are available from leading storage vendors at little to no incremental cost from a wide range of PC suppliers, including Dell, HP, Lenovo and others. Solid-state versions of SEDs are also available. Advantages over software encryption include better performance, faster deployment and enhanced security. In addition, SEDs are transparent to the user and easy to administer.

Wave Cloud 2014 Advantages for SED Management Include:

• Rapid deployment. Available and deployable via the internet, Wave Cloud's simple, point-and-click interface can enable most deployments to complete in less than three days.
• Capital-efficient. Wave Cloud requires no on-site servers, and subscription fees scale to match the scope of endpoint protection that customers deploy. Pay only for what you use.
• Better performance. Because encryption happens on a chip within the SED's drive, it doesn't compete for processing cycles with the laptop's CPU or slow down running applications.
• Enhanced security. An SED's encryption is always on and cannot be turned off or otherwise compromised by the end user. SEDs are also designed to protect against cold-boot or side channel attacks.

The new service is available for Windows 7, Windows 8 and OSX Mountain Lion, and subscriptions start at $37 per license per year with a one-year agreement. To learn more, please visit http://www.wave.com/products/wave-cloud.

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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