External Self-Encrypting Drive (SED) Meets Opal Standard

Irvine, CA and Lee, MA—February 13, 2012— CMS Products, Inc. and Wave Systems Corp. (NASDAQ:WAVX; www.wave.com) today announced the availability of the first-ever external self-encrypting drive (SED) that meets the rigorous Opal standard. CE Secure DiskVault Wave Edition drives will ship with Wave’s EMBASSY Trusted Drive Manager software for activating the drive’s advanced security features.

“As businesses look to external drives for additional storage, it’s important for data to be secured,” said Ken Burke, President, CMS Products, Inc. “External SEDs are often used to store sensitive information, creating an even stronger need for industry-standard encryption. By encrypting the drive itself, customers can protect their data from intruders.”

The Opal standard was created by the Trusted Computing Group, a consortium of more than 100 companies that collectively develop, define and promote vendor-neutral security standards. The standard is designed to ensure interoperability across vendors, technologies and platforms. While traditional SEDs based on Opal have shipped for several years, this is the first time an external drive has ever earned the distinction.

As enterprises move mission-critical data between appliances, they must also consider legal and compliance regulations in their respective industries. Many organizations transferring data are required by law to be in compliance with data protection standards both internally (on a computer) and externally (on an external hard drive). CMS’s new external SED helps ensure that companies meet regulations like HIPAA, Sarbanes-Oxley and more.

“The increasing use of mobile technology, external drives and cloud-based solutions has turned the spotlight on data security – making it a significant priority for CIOs and IT professionals,” says Eric Kohl, Senior Director, Ingram Micro Advanced Technology Division. “The introduction of the CMS CE Secure DiskVault Wave Edition can address many of the security concerns businesses and consumers share. We’re pleased to play such an integral role in the launch of this innovative technology.”

Brian Berger, Wave’s Executive Vice President of Marketing and Sales commented, “We are honored to work with CMS in offering their customers an external SED that is secure from start to finish. Wave activates the drive’s lifecycle functions, from initialization, to authentication, to drive de-commissioning so users feel confident that their sensitive information is secure.”

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.