Wave Systems Earns Top Score in Strategy Category by Technology Analyst

LEE, MA--(Marketwired - Jan 28, 2015) - Wave Systems Corp. (NASDAQ: WAVX) announced it has been cited as a "Strong Performer" in the report titled The Forrester Wave™: Endpoint Encryption Q1 2015, a comprehensive overview of the endpoint encryption market and vendor landscape. The report was published by Forrester Research, Inc. a leading global technology research and advisory firm, based in Cambridge, MA.

Forrester used a combination of vendor surveys, product demos and customer reference surveys to assess the seven top endpoint encryption providers. Evaluations were based on 52 criteria grouped into three categories -- Current Offering, Strategy, and Market Presence. Wave Systems and its EMBASSY Security Center earned the top score in the Strategy section.

Specifically, Forrester reports, "As one of the early supporters of self-encrypting drives, Wave Systems has a comprehensive level of support for SEDs and hardware encryption." The report also recognizes that Wave Systems is "the only vendor that offers a hosted model for endpoint encryption management."

"We believe that Forrester has recognized the importance and growth trajectory of the endpoint encryption solutions market as well as the strength of Wave's strategy and product offerings," said Bill Solms, President and CEO of Wave Systems. "Our endpoint encryption solution, EMBASSY Security Center, takes advantage of hardware security features already embedded in most business-class devices. Wave delivers hardened cybersecurity combined with cost-effective management and a user-friendly experience. We're confident Wave is well positioned for growth in this mission-critical security market."

A complimentary copy of the Forrester Wave™ report is available for download at www.wave.com.

About Wave Systems
Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.

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This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.

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Company:
Wave Systems Corp.
Walter A. Shephard
CFO
413-243-1600
[e-mail]

Investor Relations:
Catalyst Global
David Collins, Chris Eddy
212-924-9800
[e-mail]