Lee, MA
February 3, 2011

Wave Systems Corp. (NASDAQ:WAVX www.wave.com) today announced that Steven K. Sprague, President and CEO, will present at the America's Growth Capital (AGC) 7th Annual Information Security and West Coast Emerging Growth Conference at 12:20 p.m. PT on Monday, February 14, 2011. The conference is being held at the Westin Market Street Hotel in San Francisco and kicks off the weeklong RSA Conference, also in San Francisco, where Wave will be exhibiting.

Live Audio Webcast & Replay: available at http://www.wsw.com/webcast/agc13/wavx/ where the live and archived webcast will be accessible for 90 days.

About America's Growth Capital
America's Growth Capital is a national, emerging growth focused investment bank founded by seasoned growth sector specialists with experience at leading boutique and bulge bracket investment banks. AGC offers dedicated investment banking with consistent, senior-level advice and attention; industry analysis centered on deep sector knowledge; capital markets distribution through extensive relationships across a full spectrum of investors; and innovative and thought-provoking industry events. Visit www.americasgc.comfor more information.

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