BusinessWire
November 08, 2005 05:47 AM US Pacific Timezone

Wave Systems Demonstrates Embassy(R) Strong Authentication Technologies at the DoD Public Key Enabling Trade Show

DoD Public Key Enabling Trade Show

LEE, Mass.--(BUSINESS WIRE)--Nov. 8, 2005--Wave Systems Corp. (NASDAQ:WAVX) announced today that it is demonstrating its Embassy secure software technologies featuring strong authentication capabilities at the Department of Defense Public Key Enabling (DoD PKE) trade show at the Atlanta Hilton, Atlanta, Georgia, today and tomorrow.

The conference focuses on enabling federal system administrators, workgroup managers, and users to get the most out of Public Key Infrastructure, featuring demonstrations, hands-on training sessions, and opportunities to interact with DoD and industry experts.

Wave's Embassy software supports the next generation Trusted Computing security chip hardware called the Trusted Platform Module (TPM) 1.2. The computer industry has already shipped millions of PCs embedded with the Trusted Computing Group-standard TPM 1.1 chips and is now shipping next generation 1.2 TPM chips. Wave's Embassy platform supports both standards.

TPMs help enable secure services and applications. Wave has designed its Embassy technology to work with all commercially available TCG-compliant TPMs. Wave's Embassy platform is also compatible with the Microsoft Office(R) environment, and facilitates a variety of PC-related security and productivity tasks.

At the conference, Wave is demonstrating the hardening of standard Department of Defense PKI systems. Using TPMs, Wave will demonstrate issuing a standard, medium assurance certificate (X.509 version 3 PKI class 3) which is commonly used for network and application authentication. The TPM will bind the certificate to the hardware platform, creating a more tamper resistant certificate. This is the first time that fully certified (FIPS 140-2 L2) TPMs will be shown in this security capacity. Wave is working with External Certificate Authorities (ECA) approved by the DoD C.I.O. to more broadly disseminate this solution.

"Working with TPM security chip enabled PCs, Wave's Embassy software technology can strongly authenticate both the PC and the user in a government or enterprise network," said Steven Sprague, president and CEO, Wave Systems. "Network administrators can benefit from better authentication capabilities by using available biometrics, smart cards, passwords or the TPM, all tailored to specific security needs."

Beyond its importance to the DoD PKI environment, Wave's Embassy trusted computing solutions are also designed to solve the real world authentication and identity management problems facing federal, state and local government agencies.

For more information about Wave's Embassy strong authentication technologies, please visit www.wave.com.

About Wave Systems

Wave Systems solves the most critical security problems for enterprises and government with software solutions that are trustworthy, reliable, easy to use, and offer a speedy return on investment. Wave's trusted computing software solutions include strong authentication, data protection, advanced password management and enterprise-wide trust management services. 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.