Lee, MA
October 15, 2012

Wave Systems Corp. (NASDAQ: WAVX) announced that it received the top honor in the case study and best deployment category for the Golden Bridge Awards, beating out nine competitors. The award was distributed earlier this month in San Francisco.

Barnabas Healthcare had replaced software encryption with self-encrypting drives (SEDs) managed by Wave's EMBASSY® software on hundreds of laptops used by doctors, executives and administrators in more than a dozen facilities.

"Patient trust and confidentially were the drivers behind Barnabas Healthcare's decision to select SEDs with our management console," commented Wave's Brian Berger, Executive Vice President of Marketing and Sales. "They saw significant advantages in the time and overhead expenses, while ensuring compliance with HITECH and HIPAA."

Self-encrypting drives (SEDs) automatically encrypt all data written to the drive in real time, minimizing the impact on system performance. Secure audit logs ensure encryption is always on, ensuring regulatory compliance.

The annual Golden Bridge Awards program encompasses the world's best in organizational performance, innovations, products and services, executives and management teams, women in business and the professions, innovations, case studies, product management, public relations and marketing campaigns, and customer satisfaction programs from every major industry in the world. Organizations from all over the world are eligible to submit nominations including public and private, for-profit and non-profit, largest to smallest and new start-ups.

More than 40 judges from a broad spectrum of industry voices from around the world participated and their average scores determined the 2012 Golden Bridge Business Awards winners. The winners were honored during the awards dinner and presentation on October 2, 2012, in San Francisco attended by the finalists, industry leaders and judges.

About the Golden Bridge Awards
Golden Bridge Business and Innovation Awards are an annual industry and peers recognition program honoring best companies in every major industry from large to small and new start-ups in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America, Best New Products and Services, Best Innovations, Management and Teams, Women in Business and the Professions, Case Studies, Customer Satisfaction, and PR and Marketing Campaigns from all over the world. Learn more about The Golden Bridge Awards at www.goldenbridgeawards.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