Wave Systems Corp.

Nasdaq: WAVX

www.wave.com

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Highlights

• Competitive Advantage: Only Wave’s Embassy technology works with ALL TPM Chips and ALL Trusted PCs

• Competitive Advantage: Interoperability - Only Wave’s EMBASSY software works with ALL TPM Chips and ALL Trusted PCs. Trusted Computing is set apart from other security methods by use of a TPM (trusted platform module) security chip, in conjunction with software like Wave's.

• Continuing to build market share in early stages of rapidly expanding market

• World class partners and customers

• Wave expects partners to ship over 50M units bundled with Wave SOFTWARE over next 2 years (designed-in)

• OEM Licensing is expanding

• Enterprise software sales starting

• Building leading customers in key market verticals

• Number of sources of revenue growing
  – Expanding product base and customer base

• Wave continues to invest in maintaining leadership position in this new market

Cumulative Shipments of PCs with Wave Software

Forward Looking Statements: Except for the statements of historical fact, the information presented on this page may constitute 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 loss of market share, changes in consumer buying habits and other factors over which Wave Systems Corp. has little or no control. We refer you to the documents that Wave files from time to time with the Securities and Exchange Commission. These documents identify and describe important factors that can cause the after-results to differ materially from those contained in any forward-looking statements that we may make. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.

Exclusion of Liability: Wave Systems Corp. and the owners of this site shall not be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), loss of profits, opportunities or information arising from:

* the use of or reliance on information contained in this website;
* any inaccuracy or omission in such information or failure to keep the information current;
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* any other matter connected with this website; even if Wave Systems Corp. or this site is made aware of the possibility of such claims, expenses, damages or losses.

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