Wave Systems Ships Over 20M

LEE, Mass. -- Wave Systems Corp. (NASDAQ:WAVX), today announced that it has surpassed the 20-million unit mark for shipments of its flagship EMBASSY Trust Suite software, with more than 16 million copies shipped year-to-date by PC OEM partners in 2007. An expanding base of enterprise users can now elect to use this software to improve data protection, implement stronger user and machine authentication, and mitigate hidden threats to network access control protection.

Wave’s EMBASSY Trust Suite offers users the management tools to utilize the features of a Trusted Platform Module (TPM), a security chip that resides on the motherboard. The TPM is unique in that it generates security keys for authentication and encryption, as well as securely storing sensitive data such as files on a hard drive and passwords. Because those keys are protected by hardware, they are not vulnerable to viruses or rogue software attacks.

“With the increased security exposure risks that most companies and individuals are now aware of, it makes no sense that the TPM isn’t being used more extensively,” said Rob Enderle, president and principal analyst for the Enderle Group, a prominent security consulting firm. According to Enderle, “to take advantage of the TPM you need a strong set of tools that that will centrally activate and manage that component. According to the IT shops I’ve spoken to, there is one firm that consistently stands out as meeting or exceeding expectations and that is Wave Systems.”

Wave Systems Corp.