Lee, MA
July 23, 2015

Wave Systems Corp. (NASDAQ: WAVX) today announced that the Company has filed a hearing request before the NASDAQ Listing Qualifications Panel (the “Panel”) regarding the Company’s continued non-compliance with the minimum $1.00 bid price requirement.  As previously announced, the Listing Qualifications Staff of The NASDAQ Stock Market LLC provided notice to the Company on July 16, 2015 that, based upon the Company’s continued non-compliance with the minimum $1.00 bid price requirement, as set forth in NASDAQ Listing Rule 5550(a)(2), as of July 14, 2015, the Company’s common shares would be subject to delisting from NASDAQ effective July 27, 2015 unless the Company timely requests a hearing before the Panel.

The Company’s common shares will remain listed on NASDAQ pending the hearing and the expiration of any extension granted by the Panel following the hearing. There can be no assurance that the Panel will grant the Company’s request for continued listing on NASDAQ.

For more information please contact:

Wave Contact:
Wave Systems Corp.
Walter A. Shephard, CFO
413-243-1600
investors@wave.com

 

Investor Relations:
David Collins, Chris Eddy
Catalyst Global LLC
212-924-9800 office
wavx@catalyst-ir.com