Wave Systems To Demonstrate EMBASSY Trust Suite Services With the Trusted Computing Group Community at the Intel Developer Forum

San Jose, CA – (September 10, 2003) – Wave Systems Corp. (NASDAQ:WAVX, – www.wave.com), a leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms, today announced its EMBASSY┬« Trust Suite of applications and services with cross platform interoperability will be demonstrated within the Trusted Computing Group Community exhibition area, Booth 821, at the Intel Developer Forum, September 16-18, at the McEnery Convention Center.

Wave will demonstrate how the EMBASSY Trust Suite delivers trusted computing services compliant with the TCG specifications implemented on a range of industry platforms. The TCG has defined a specification for a semiconductor device known as the Trusted Platform Module (TPM) to serve as a root of trust for this enhanced services platform. The TPM is a single chip turnkey solution, which serves as the secure core for the enhanced services platform. TPMs provide the trusted resources used by the Wave services to extend trusted functions within a PC.

Wave will also be demonstrating a range of trusted applications at Intel and National Semiconductor booths.

“Wave is driving hard to demonstrate an industry-leading portfolio of TPM-enabled business solutions for both client and server applications that bring a new level of value to the personal computer platform,” said Brian Berger, Wave’s senior vice president, global business development. “We are delighted to be a part of the TCG Community at the IDF and also to be demonstrating with industry leaders in other areas around the show floor.”

Customers may make appointments by contacting Berger at bberger@wavesys.com.

The Trusted Computing Group (TCG) is a not-for-profit organization formed to develop, define, and promote open standards for hardware-enabled trusted computing and security technologies, including hardware building blocks and software interfaces, across multiple platforms, peripherals and devices. TCG specifications will enable more secure computing environments without compromising functional integrity, privacy, or individual rights. The primary goal is to help users protect their information assets (data, passwords, keys, etc.) from compromise due to external software attack and physical theft.

TCG has adopted the specifications of the Trusted Computing Platform Alliance and will both enhance these specifications and extend the specifications across multiple platforms such as servers, PDAs, and digital phones. In addition, TCG will create TCG software interface specifications to enable broad industry adoption. For more information on TCG, please go to www.trustedcomputinggroup.org.

More information on Wave Systems’ suite of EMBASSY services is available at www.wave.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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