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CRYPTAS to Distribute Wave's Embassy(R) Security Software for Trusted Computing to Businesses in Austria, Germany and Switzerland

Posted on: Tuesday, 11 October 2005, 09:00 CDT

Wave Systems Corp. (NASDAQ: WAVX) and CRYPTAS IT-Security & Media GmbH today announced that CRYPTAS will distribute Wave's Embassy Trust Suite client and server software to businesses interested in trusted computing solutions for personal computer security.

CRYTPAS will distribute Wave's Embassy technology in Austria, Germany and Switzerland.

Wave's Embassy platform is designed to deliver solutions compliant with the Trusted Computing Group (TCG) building block specifications for trusted computing. Tens of millions of PCs have been shipped by the computer industry embedded with a TCG-standard chip, called the Trusted Platform Module (TPM). TPMs serve as a platform for secure services and applications - offered by companies such as Wave. Wave has designed its Embassy software to work with all commercially available TCG-compliant TPMs. The hallmark of the EMBASSY platform is usability - designed to be easy to enable, easy to use and easy to manage by IT administrators.

"Trusted Computing can deliver immediate value to enterprises seeking to more effectively authenticate users of a network and to improve data protection," said Stefan Bumerl, general manager, CRYPTAS. "We believe Wave's Embassy client and server software offers the best available solutions for enterprise data protection, identity protection, access control and policy management."

"CRYTPAS is a leading distributor of security products in central Europe and focuses on secure user authentication, data protection and digital signatures, all areas addressed by our advanced Embassy platform. CRYPTAS can be a powerful channel for Wave to reach end customers, resellers and solution partners," said Bruno Leconte, Wave vice president, sales, Europe, Middle East and Africa.

Wave's Embassy platform is designed to be compatible with the Microsoft Office(R) environment, and to deliver a variety of PC-related security and productivity tasks, in an intuitive, easy-to-understand format.

Embassy solutions include Document Manager for securing files and folders, SmartSignature for digital signature capability for secure electronic contracts, and Private Information Manager for secure storage and management of user names, passwords and personal information. Private Information Manager is designed to intelligently retrieve data for use in web pages, logging into web sites, or for filling forms.

Also available is Wave's Key Transfer Manager, an enterprise software solution for client or server that is designed to help backup and protect the hardware encryption keys used for critical personal computer data.

More information about Wave's Embassy solutions is available through CRYTPAS at http://www.cryptoshop.com or Wave Systems at www.wave.com/products/ets.html.

About CRYPTAS

CRYPTAS and CRYPTOSHOP.COM is the first address for smart card based IT-security products and solutions in central Europe. The main focus is on secure user authentication, data encryption, single-sign-on and digital signatures. Based in Vienna, Austria, CRYPTAS delivers products around Europe to end customers, resellers and solution partners. For more information, please visit our Web site at www.cryptoshop.com.

About Wave Systems

Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is the leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms from a variety of vendors. Wave holds a portfolio of significant fundamental patents in security and e-commerce applications and employs some of the world's leading security systems architects and engineers. For more information about Wave, visit http://www.wave.com.

Safe Harbor for Forward-Looking Statements

Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. . Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.

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Source: Business Wire

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