Press Releases for 2013
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December 19, 2013
Wave to Complete $1.2 Million Stock Offering
Wave Systems Corp. (NASDAQ:WAVX) today announced that it is selling to investors 1,253,351 shares of its Class A common stock at a price of $0.9725 per share, yielding gross proceeds of approximately $1,218,885. Investors in the offering will also receive five-year warrants to purchase an aggregate of 626,674 shares of Wave’s Class A common stock for $0.91 per share. The net proceeds of the financing will be used to fund Wave’s ongoing operations.
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November 19, 2013
Security Software Provider Wave Systems Names William Solms CEO and Director
Wave Systems Corp. (NASDAQ: WAVX) announced that the company’s Board of Directors has confirmed William M. Solms, age 50, as Chief Executive Officer. Mr. Solms, who joined Wave in June and has served as Wave’s Acting CEO since October 6, has also been elected to Wave’s Board of Directors. His appointment increases the size of Wave’s Board to six members.
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November 18, 2013
Wave to Showcase Virtual Smart Card Solution at Gartner’s Identity and Access Management Summit Nov. 18-20
Wave Systems Corp. (NASDAQ:WAVX) will demonstrate its comprehensive solution for activating and managing virtual smart cards for Windows 7, 8 and 8.1 at the Gartner Identity & Access Management Summit 2013, taking place this week at the J.W. Marriott in Los Angeles.
Virtual smart cards emulate the functionality of traditional smart cards but do not require the use of a separate physical card or a reader as they use the Trusted Platform Module (TPM) chip on the PC. Wave introduced its virtual smart card feature for Windows 7 last year.
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November 15, 2013
Government Security News Singles out Wave’s Virtual Smart Card Solution for Homeland Security Award
Wave Systems Corp. (NASDAQ:WAVX)’s Virtual Smart Card offering has been named winner of the Government Security News’ (GSN) Homeland Security Award competition in the “Best Smart Card Solution” category. This is the second consecutive year that Wave has won this award.
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November 7, 2013
Wave Reduces Q3 Net Loss with Lower Expenses on Revenues of $6.3M; Q3 Total Billings of $7.1M Exceed Q2 and Year Ago Q3 Levels
Wave Systems Corp. (NASDAQ: WAVX) today reported financial results for its third quarter ended September 30, 2013 (Q3 ’13). Wave also reviewed recent management team appointments that are initial steps in a strategic refocusing of the company under Bill Solms who was appointed acting CEO following the close of the third quarter.
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November 5, 2013
Wave Partners with Intel, Offering Comprehensive Management for the New SSD Pro 1500 Series
Wave Systems Corp. (NASDAQ: WAVX) announced today it is offering complete management of self-encrypting solid-state drives (SSDs) to deliver stronger security and data protection to the enterprise. The drives, which are part of the Intel® Solid-State Drive Professional Family, support the Trusted Computing Group (TCG)’s industry-standard Opal specification.
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October 31, 2013
Wave to Hold Q3 Conference Call Thursday, November 7th at 4:30 p.m. ET
Wave Systems Corp. (NASDAQ:WAVX) announced today it will host a webcast/conference call reviewing its 2013 third quarter results on Thursday November 7th at 4:30 p.m. ET. Wave’s results will be issued after the market closes that day.
WEBCAST/REPLAY: http://www.media-server.com/m/p/vga526d3
TELEPHONE: (415) 226 5358 or (212) 231 2924
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October 29, 2013
Wave Appoints Vice President of North American Sales
Wave Systems Corp. (NASDAQ: WAVX) announced that Tom Conte, a 25-year information technology sales veteran has been named Vice President of North American Sales, effective Nov. 4. In this role, Mr. Conte will oversee all of Wave's sales activity across North America, helping organizations leverage Wave's comprehensive software suite for establishing multi-factor authentication, managing encryption and detecting advanced persistent threats. Mr.
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October 8, 2013
Wave Board of Directors Appoints William Solms as Acting CEO
Wave Systems Corp. (NASDAQ: WAVX) announced today that William Solms, Vice President of North American Sales, has been appointed by the Board of Directors as Acting CEO, replacing Steven Sprague.
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September 26, 2013
Wave Systems to Webcast Singular Research Presentation Thursday, Oct. 3rd
Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, will present at Singular Research’s 8th Annual “Best of the Uncovereds” Conference on Thursday, October 3, 2013 at 3:30 p.m. PT (6:30 p.m. ET). Wave’s CEO Steven Sprague will present and is also available for 1-on-1 meetings earlier that day. The conference is being held at the Luxe Hotel in Los Angeles.
Webcast/Replay: http://www.wave.com/resource-center/Webcasts
About Singular Research
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September 25, 2013
Gartner Names Wave a “Visionary” in the 2013 Mobile Data Protection Magic Quadrant
Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, announced today that it has been named a Visionary by Gartner Inc. in its September 2013 Magic Quadrant for Mobile Data Protection (MDP), published by John Girard and Eric Ouelett. Companies in the Magic Quadrant are positioned for completeness of vision and ability to execute.
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September 23, 2013
Wave Cloud 2014 Debuts, Now Featuring Support for Mac FileVault™ and Microsoft BitLocker™
Wave Systems Corp. (NASDAQ: WAVX) today launched Wave Cloud 2014, a cloud-based service for enterprise-wide management of endpoint encryption. Originally named Wave Cloud when the product became available last year, Wave Cloud 2014 now includes management of Windows BitLocker and Mac FileVault in addition to self-encrypting drives (SEDs), enabling the service to handle the complete spectrum of embedded endpoint encryption technologies.
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September 11, 2013
DMI and Wave Partner to Secure the Mobile Enterprise
(The Trusted Computing Conference, Section 207) Digital Management Inc. (DMI), a leading provider of mobile enterprise solutions and services, and Wave Systems Corp. (NASDAQ: WAVX), the leading Trusted Computing software company, announced a partnership to offer government and commercial enterprises a range of trusted computing solutions to better secure mobile environments.
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August 9, 2013
Wave Systems Files $20 Million Shelf Registration Statement to Replace Existing Shelf Registration Statement
Wave Systems Corp.
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August 8, 2013
Wave EMBASSY Software Adopted by NECPC for the Japanese Market
Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, announced that NEC Personal Computers (NECPC), the dominant PC manufacturer in Japan is bundling Wave’s EMBASSY Security Center (ESC) client software on its Mate MB series of desktops. Mate MB, which is designed by NECPC for NEC Corporation, is popular with SMBs and within the enterprise.
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August 8, 2013
Wave Q2 ’13 Revenues Rose 16% vs. Q1 ’13 to $6.7M on Increased Software Bundling and Services
Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing company, today reported financial results for its second quarter ended June 30, 2013 (Q2 ’13) and updated investors on recent developments.
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August 6, 2013
Wave Expands Distribution Channels Across Germany, Austria and the UK
Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, announced the expansion of its distribution channel through its partnership with Infinigate Deutschland GmbH in Germany, Austria and the UK.
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August 1, 2013
Wave to Hold Q2 Conference Call Thursday, August 8th at 4:30 p.m. ET
Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, announced today it will host a webcast/conference call reviewing its 2013 second quarter results on Thursday August 8th at 4:30 p.m. ET. Wave’s results will be issued after the market closes that day.
WEBCAST/REPLAY: http://www.wave.com/news/webcasts.asp
TELEPHONE: 415-226-5359 or 212-231-2914
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July 31, 2013
Wave Integrating MITRE’s Attestation Technique into its Endpoint Monitor for Remediating Advanced Malware
Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, announced plans to integrate The MITRE Corporation’s new timing-based attestation technique into Wave Endpoint Monitor (WEM), the industry’s first solution to leverage industry standard hardware to detect and remediate malware that can surreptitiously mount attacks before the operating system loads. MITRE is a not-for-profit organization that provides systems engineering, research and development, and information technology support to the government.
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July 26, 2013
Wave to Complete $1.5 Million Stock Offering
Wave Systems Corp. (NASDAQ: WAVX) (www.wave.com) today announced that on July 25, 2013 it agreed to sell to investors 1,204,470 shares of its Class A common stock at a price of $1.27 per share, yielding gross proceeds of approximately $1,529,677. The $1.27 share price reflects the closing bid price on July 24, 2013. The net proceeds of the financing will be used to fund Wave's ongoing operations.
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July 25, 2013
Wave Earns Top Honor for Research Paper on “Modernizing the Network” at DSCI’s “Best Practices Meet 2013” Event
Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, announced that a research paper presented by CEO Steven Sprague, “Modernize the Network: Device Identity Network Meets Enterprise Needs,” was singled out among half a dozen shortlisted nominations as best research paper. The competition took place at the Data Security Council (DSCI) “Best Practices Meet” in Chennai, India, on Friday, July 12.
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July 24, 2013
Wave Regains Compliance with NASDAQ Marketplace Rule
Wave Systems Corp. (NASDAQ:WAVX) announced today that it received notice from the NASDAQ Listing Qualifications Department that Wave has regained compliance with NASDAQ Marketplace Rule 5550(a)(2) relating to the minimum $1.00 per share bid price of the company’s Class A Common Stock. Shares of the company’s Class A Common Stock maintained a closing bid price of at least $1.00 per share for the required ten consecutive days, from July 9 through July 22, 2013.
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July 17, 2013
Axiad IDS Integrates Wave Data Protection into its Identity Solutions to Bring Increased Value to Customers
Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, today announced a strategic distribution agreement with Axiad IDS, a market solution provider and value-added distributor for industry-leading suppliers of identity and access management (IAM) and authentication solutions. The partnership will offer Wave’s security solutions on a resale basis through Axiad’s channel partners.
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July 15, 2013
Dubai-Based Kedu Authorized to Distribute Wave’s Security Portfolio in the Middle East
Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, announced that it has entered into an agreement with KEDU IT Infrastructure, an IT distributor based in the United Arab Emirates’ city of Dubai. The agreement follows a similar reseller agreement between Riyad-based QWAED Technologies and Wave, announced last month.
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July 10, 2013
Intelligent Decisions to Integrate Wave Software into ID’s Cloud and Security Practices
Intelligent Decisions (ID), Inc., a premier global IT systems integrator, today announced a new partnership with Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, to deliver Wave’s comprehensive portfolio of innovative solutions for managing data protection, authentication and malware detection directly to ID’s government customers.