Lee, MA
January 11, 2011

Wave Systems Corp. (NASDAQ:WAVX www.wave.com) today announced that Steven K. Sprague, President and CEO, and Gerard T. Feeney, CFO, will present at the 13th Annual Needham Growth Conference at 2:50 p.m. Eastern on Thursday, January 13, 2011. The conference is being held at the Palace Hotel in New York City. Wave's presentation will be webcast.

Live Audio Webcast & Replay
Please visit the company's website www.wave.com/

About Needham & Company, LLC
Needham & Company, LLC, a wholly owned subsidiary of The Needham Group, Inc., a privately held, full-service investment bank with the mission of helping emerging growth companies achieve their potential. The Firm is headquartered in New York City with offices in Boston, Menlo Park and San Francisco. In addition to investment banking, Needham's principal activities include institutional sales and trading and asset management. To serve its institutional clients, Needham & Company, LLC produces comprehensive equity research on more than 350 companies in clean technology, communications, consumer, enterprise infrastructure, healthcare, industrial and diversified growth, semiconductors and semiconductor equipment, and software. Needham & Company, LLC is a member of FINRA/SIPC. For more information, please see www.needhamco.com.

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