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U.S. Department of Defense Cyber Crime Conference to Feature Wave CEO Speaking on Role of Industry Standard for Device Authentication

LEE, MA -- (Marketwire) -- 01/25/12 -- Wave Systems Corp. (NASDAQ: WAVX) (www.wave.com) today announced that CEO Steven Sprague will speak at the U.S. Department of Defense Cyber Crime Conference 2012 held at the Hyatt Regency Hotel in Atlanta, GA on Thursday, January 26th. The conference focuses on all types of computer-based crime and incident response including intrusion investigations, cyber crime law, digital forensics, information assurance, as well as the research, development, testing and evaluation of digital forensic tools.

Sprague will reveal how enterprises can enable embedded security on their business PCs to establish a second authentication factor for network access. He'll cover the widely publicized breach at Lockheed Martin last spring, and the implications it had on newfound vulnerabilities of user authentication technologies, including one-time password tokens.

Sprague will address the need for device identification. By establishing the identity of the device in addition to the identity of the user, two completely independent and parallel authentication systems can work in tandem to safeguard the corporate network from unauthorized access.

WHAT: Presentation titled "A Token Defense: Effects of the RSA SecurID Breach"

WHO: Steven Sprague, CEO, Wave Systems

WHERE: U.S. DoD Cyber Crime Conference, Atlanta, GA (International Ballroom North)

WHEN: Thursday, January 26 at 1:30 PM EST

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.

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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