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Wave Systems Announces EMBASSY Trusted Drive Manager to Support Seagate Momentus 5400 Full Disc Encryption Hard Drives

Posted on: Wednesday, 7 June 2006, 09:00 CDT

Wave Systems Corp. (Nasdaq: WAVX - www.wave.com) has announced the availability of the EMBASSY Trusted Drive Manager software supporting Seagate (NYSE: STX - www.seagate.com) Momentus 5400 FDE (Full Disc Encryption) hard drives. EMBASSY Trusted Drive Manager (ETDM) is the newest component of Wave's EMBASSY(R) Trust Suite (ETS) software products, which provide industry standard-based support for security hardware such as Trusted Platform Modules (TPM) and the Seagate Momentus 5400 FDE hard drives with hardware-based Full Disc Encryption technology. Seagate and Wave have worked together to ensure that their complementary products address the new market opportunities for security and trusted computing in the data protection markets.

"Seagate is working closely with Wave Systems and other providers of security management software to give organizations of all sizes a simple, cost-effective way to deploy Momentus 5400 FDE hard drives," said Karl Chicca, Seagate senior vice president and general manager, Personal Storage. "We are pleased to be working with Wave Systems to enable robust protection of notebook PC data."

The EMBASSY Trusted Drive Manager is a plug-in to the EMBASSY Trust Suite and provides a complete set of life cycle management functions for FDE drives. Featuring an easy to use interface, the comprehensive FDE functions include drive activation or issuance, policy setup, automated key and password management, strong access control, and instant data destruction for repurposing or drive disposal. ETDM provides a strong, hardware based access control solution by integrating FDE drive support with the Trusted Platform Module for authenticating authorized drive users. In addition, Wave's EMBASSY Key Management Server, based on TCG's open specifications, has been enhanced to support the Seagate Momentus 5400 FDE family of products to enable end users and enterprises to easily manage the life cycle of cryptographic keys and passwords including backup, recovery, migration and roaming.

The new Trusted Drive Manager has been designed to work with Wave's EMBASSY Security Center software, a hub for integrating PC platform security functions, to provide a simple Windows user interface for easy set up, configuration, password management, and authentication access control in a trusted computing environment.

Protection of sensitive enterprise and customer data has become a high priority and the focus of many new government regulations. Enterprises have been looking for more integrated data security features that are transparent to users and provide constant protection. In addition, enterprises need the assurance that encrypted data can only be accessed by authorized and authenticated users, which is another key benefit of the Wave and Seagate solutions.

Wave's ETS software is a comprehensive set of trusted computing applications, development tools, and infrastructure servers that have been designed to support hardware security features provided by Trusted Platform Module security chips that are shipping in millions of personal computers. Extending ETS to include support for the Seagate Momentus 5400 FDE drives provides a strategic new dimension for Wave's trusted computing products and services.

"Seagate is providing industry leading security features in its products that enterprises can employ to meet the challenging requirements of data protection, regulatory compliance, and privacy," said Lark Allen, executive vice president, Wave Systems. "The Momentus 5400 FDE drives address the current data security challenges for mobile devices, and in concert with trusted computing applications and services such as Wave's EMBASSY Trust Suite, we're enabling organizations to leverage the combined power of the latest hardware and software security to achieve stronger levels of data protection."

About Wave Systems

Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is a 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.

Source: Business Wire

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