Lee, MA
October 5, 2015

Wave Systems Corp. (NASDAQ: WAVX) and Silicon Application Corp. Group (SAC), a distribution leader in the microchip industry, announced that they have signed a three-year software license and distribution agreement for Trusted Platform Module (TPM) software management and maintenance.

The agreement grants to SAC a royalty-bearing limited license to use, reproduce, distribute and import Wave's TPM management software client for packaging and sales distribution with the TPM 2.0 microchip. Royalties are based upon units sold, but the agreement does not provide for minimum or guaranteed purchases or royalties. Initial shipments may begin in Q4 2015, but we do not expect material shipments to begin prior to early 2016.

"While we continue to work through restructuring and cost savings initiatives and will require additional financing for operations in the near term, we believe that this agreement, the first royalty contract for our new TPM 2.0 management software, is an important development for our TPM solutions," said Bill Solms, President and CEO of Wave Systems. "This puts Wave in the position of being one of the first to market with software supporting the new TPM 2.0 standard. We're very pleased to be partnering with SAC to promote and set the tone for TPM management software globally."

As part of the agreement, Wave will offer its EMBASSY Security Center (ESC-Pro) Infineon Edition for 32/64 bit Windows 7, 8, 8.1 and 10. The software solution provides enterprises with a powerful tool to ensure endpoint and network security by activating and managing the TPM so that both the user and the device can be securely verified.

For more information about Wave solutions, visit: www.wave.com.

About Silicon Application Corp. Group
SAC Group was founded in 1987, a member of WPG Holdings with headquarters in Taiwan. Including the recent merger with the Pernas group in July 2014, they employ around 860 people in Taiwan, China, and South Asia. SAC Group is dedicated to be a professional Distributor for the Integrated Circuit industry with revenue of nearly US$2.23B in 2014. SAC Group has broad line cards, which include NXP, Mediatek, Infineon, AUO, Samsung, Winbond, Intel, Toshiba, OSRAM, Bosch Sensortec, AutoChips, On Semi and 60 more franchises. The SAC Group customer base covers the Communication Networking, Computing, and Consumer market. They continuously franchise globally branded vendors, providing high level technical support and offering a rich product portfolio to clients. Visit SAC Group at http://www.SACG.com.tw.

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