Sonex to Distribute Wave Systems EMBASSY Trust Suite, Targeting Enterp

    Business Editors/Technology Editors

    LEE, Mass.--(BUSINESS WIRE)--Feb. 22, 2005--Wave Systems Corp. (NASDAQ:WAVX) and Sonex Infrastructure Solutions Group (Sonex ISG) today announced that Sonex ISG will distribute Wave's EMBASSY(R) Trust Suite (ETS) software and infrastructure to enterprises interested in trusted computing solutions for personal computer security.
    Sonex ISG will distribute Wave's EMBASSY Trust Suite software in Lithuania, Latvia and Estonia in eastern Europe. International group Sonex ISG consists of IT infrastructure and PC manufacturing companies "Sonex Kompiuteriai" (Lithuania), "Sonex Riga" (Latvia) and "Sonex Computers" (Estonia). Sonex ISG will host a press conference and customer seminar today in Vilnius at the Business Center Forum Palace to describe the distribution partnership and the trusted computing market opportunity.
    Wave's ETS software is designed to deliver solutions compliant with the Trusted Computing Group specifications for trusted computing. Millions of PCs have been shipped by the computer industry embedded with a TCG-standard chip, called the Trusted Platform Module (TPM). TPMs serve as a platform for secure services and applications - offered by companies such as Wave. Wave has designed its secure business productivity software to work with all TCG-compliant TPMs commercially available. The hallmark of EMBASSY Trust Suite solutions is usability - designed to be easy to enable, easy to use and easy to manage by IT administrators.
    "We believe that Trusted Computing is gaining strong momentum as an area of increasing importance to enterprises evaluating stronger data security," said Henrikas Genutis, CEO of Sonex ISG. "After looking at alternatives, we decided that Wave's EMBASSY Trust Suite client and server software is the best TCG-compliant solution addressing data protection, identity protection and access control needs in the enterprise."
    "Sonex ISG is a Value Added Reseller with strong experience in distribution and marketing to system integrators, consultants and OEMs in eastern Europe They represent the leading companies in the marketplace, and we are proud to have our solutions chosen by them," said Bruno Leconte, Wave vice president, sales, EMEA.
    The EMBASSY Trust Suite is designed to be compatible with the Microsoft Office(R) environment, and to deliver a variety of PC-related security and productivity tasks, in an intuitive, easy-to-understand format.
    Software capabilities include Document Manager Vault for securing files and folders, SmartSignature for digital signature capability for secure electronic contracts, and Private Information Manager for secure storage and management of user names, passwords and personal information. Private Information Manager is designed to intelligently retrieve data for use in web pages, logging into web sites, or for filling forms.
    Also available is Wave's Key Transfer Manager, an enterprise software solution that is designed to help backup and protect the hardware encryption keys used for critical personal computer data.
    More information about EMBASSY Trust Suite products is available through Wave Systems at www.wave.com/products/ets.html.

    About SONEX

    Sonex Infrastructure Solutions Group consists of few IT infrastructure and PC manufacturing companies, operating in all Baltic States - Lithuania, Latvia and Estonia. Group manufactures and sells Vector brand computers and is the largest PC manufacturer in Baltic States. Group's companies provides it's customers with a wide range and high quality IT infrastructure products and services.
    Sonex Infrastructure Solutions Group belongs to Sonex Holding - one of the largest IT products, solutions and services group in Baltic States. European Bank of Reconstruction and Development (EBRD) owns 36 percents shares of Sonex Holding. For more information about Sonex, visit http://www.sonex.lt .

    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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CONTACT: Wave Systems Corp. John Callahan 413-243-7029 jcallahan@wavesys.com or Jaffoni & Collins David Collins, Richard Land 212-835-8500 wavx@jcir.com

KEYWORD: MASSACHUSETTS INTERNATIONAL EUROPE INDUSTRY KEYWORD: HARDWARE SOFTWARE NETWORKING PRODUCT SOURCE: Wave Systems Corp.

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