Wave Unveils Management for the SanDisk X300s Solid-State Drive With Encryption to Secure Enterprise Data

PRESS RELEASE

Lee, MA - May 13, 2014 -

Wave Systems Corp. (NASDAQ: WAVX) announced today that its management software has been validated for use with SanDisk's new self-encrypting solid state drive (SSD) for corporate environments, the SanDisk X300s SSD.

Today's workforce is more mobile than ever before, which means enterprise data is exposed to greater risks. In fact, the latest Forrester Mobile Workforce Adoption Trends study found that 29 percent of employees are "anywhere, anytime" workers and that 37 percent work from multiple locations. With both devices and data on the move, enterprises must ensure that their sensitive information is protected. Secure encryption is also a compliance requirement for many in the healthcare, finance, and manufacturing industries.

The SanDisk X300s SSD will include a link to a fully functional download of Wave's EMBASSY® Security Center (ESC), a client application for SED management, as part of the SanDisk administration dashboard. For enterprise-wide deployments, Wave offers its EMBASSY Remote Administration Server, and Wave Cloud 2014, the first and only cloud service that manages SEDs from a single console. The combined offering delivers maximum data protection and performance to help address IT decision makers top data management and security challenges.

"Wave's collaboration with SanDisk means that our customers will receive an immediate endpoint encryption solution for our new X300s SSD," said Tarun Loomba, vice president of marketing, client storage solution at SanDisk. "Wave's EMBASSY® Security Center (ESC) allows seamless deployment of data protection policies, which can also be centrally managed by cloud or server-based solutions from Wave Systems."

Wave ESC will be available through the SanDisk SSD Dashboard software suite to be released in June 2014.

"The SanDisk X300s SSD offers strong protection for companies' most sensitive data, and when combined with Wave's superior management capabilities, will deliver customers with a cost-effective, comprehensive solution right out of the box," said Wave CEO Bill Solms.

Self-encrypting drives (SEDs) offer security that is built into the device itself, offering stronger protection than software-based encryption solutions. Because they are isolated from the rest of the system where viruses and malware reside, they are resistant to software attacks. In addition, the drives cost less and greatly outperform traditional software solutions.

About SanDisk

SanDisk Corporation (NASDAQ: SNDK), a Fortune 500 and S&P 500 company, is a global leader in flash storage solutions. For more than 25 years, SanDisk has expanded the possibilities of storage, providing trusted and innovative products that have transformed the electronics industry. Today, SanDisk's quality, state-of-the-art solutions are at the heart of many of the world's largest data centers, and embedded in advanced smart phones, tablets and PCs. SanDisk's consumer products are available at hundreds of thousands of retail stores worldwide. For more information, visit www.sandisk.com.

© 2014 SanDisk Corporation. All rights reserved. SanDisk is a trademark of SanDisk Corporation, registered in the United States and other countries. Other brand names mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s).

*1 GB = 1,000,000,000 bytes. Actual user capacity less.

This news release contains certain forward-looking statements, including expectations for technology and product introductions, wafer production, technology and product capabilities, costs and performance and markets that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include among others: SanDisk's 1Z nanometer process technology, SanDisk's X2 and X3 NAND memory architectures or our solutions utilizing these new technologies may not be available when we expect or in the capacities that we expect or perform as expected, or the other risks detailed from time-to-time in our Securities and Exchange Commission filings and reports, including, but not limited to, our most recent annual report on Form 10-K. We do not intend to update the information contained in this press release.

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