Lee, MA
October 11, 2011

Wave Systems Corp. (NASDAQ:WAVX www.wave.com) announced today that Wave customer LeanLogistics will present its case study at Storage Network World (SNW) Fall 2011, October 10-13, at the JW Marriott Grande Lakes in Orlando, FL. LeanLogistics' Co-Founder and VP of Technology Andy Bass will present "LeanLogistics, Inc. Case Study: Deploying Hardware Encryption for Improved Performance and Security," offering a detailed discussion of the company's deployment of  self-encrypting solid-state drives (SSDs) managed by Wave for protecting confidential data.

LeanLogistics provides SaaS transportation management services to a wide range of industries, enabling customers to improve overall supply chain management in a collaborative, centrally located environment. Customers like ACE Hardware, Barilla, Chiquita, Dannon, Kellogg and McDonalds have used LeanLogistics' optimization strategies to reduce their transportation costs and focus on their core business.

"As our company grew we were aware that the increasing mobility of our employees could expose sensitive data in new ways," said Mr. Bass. "We wanted the peace of mind that comes with knowing that our data is protected if a device is lost—but we also were not willing to sacrifice performance."

Mr. Bass will demonstrate how LeanLogistics achieved best-in-class data security using self-encrypting solid-state drives managed by Wave, a combination that offers optimal performance for the end user and assures that data is always protected. Attendees will hear the primary factors behind their decision to deploy a fully-managed hardware encryption solution built on industry standards from the Trusted Computing Group. For more background, see Mr. Bass' overview video.

WHAT: LeanLogistics' Andy Bass presents "LeanLogistics, Inc. Case Study: Deploying Hardware Encryption for Improved Performance and Security"

WHEN: 10:20 — 11:05 a.m. ET Thursday, October 13, 2011

WHERE: JW Marriott Grande Lakes, Orlando, FL

The world's largest storage, data center, and IT infrastructure conference, Storage Network World brings together top IT executives, leading product and service providers and key industry influencers.

For more information please contact:

Wave Contact:
Michael Wheeler
Wave Systems Corp.
413-243-7026
mwheeler@wave.com

Investor Relations:
David Collins, Eric Lentini
Catalyst Global LLC
212-924-9800 office / 917-734-0339 mobile
wavx@catalyst-ir.com