Wave EMBASSY Software Adopted by NECPC for the Japanese Market

Lee, MA – August 8, 2013 – Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, announced that NEC Personal Computers (NECPC), the dominant PC manufacturer in Japan is bundling Wave’s EMBASSY Security Center (ESC) client software on its Mate MB series of desktops. Mate MB, which is designed by NECPC for NEC Corporation, is popular with SMBs and within the enterprise. The Mate MB models include a Trusted Platform Module (TPM) security co-processor that is activated and managed by Wave software.

Japan is the third-largest PC market in the world, and NECPC’s widespread sales, marketing, and distribution capabilities, coupled with their focus on research and development, further advance the Trusted Computing initiative by using Wave technology.

“Today’s cyber threats demand an innovative approach to security. By rooting authentication and encryption to the built-in hardware based security inside the device, we can offer our users more robust safeguards and therefore greater peace of mind,” said Tadashi Onodera, Executive Officer of R&D, NECPC. “We saw Wave as the first choice to partner with given their broad depth of technical capabilities and knowledge, and their pioneering role in the Trusted Computing market.”

The NEC edition of EMBASSY Security Center (ESC) provides a host of TPM management functions – including the ability to initialize and take ownership of the chip. ESC also enables TPM keys to be backed up and restored. With ESC, users gain enhanced security with Microsoft’s Encrypting File System (EFS) and can protect data in motion by utilizing scrambls for files.

As part of the agreement, NECPC also licensed Wave’s TCG-enabled toolkit, which NECPC used to develop its custom NASCA authentication and encryption application that leverages the TPM. ESC and Wave’s TCG-enabled toolkit are used in conjunction with NASCA to provide an alternative means for Windows logon and to protect data, strengthened by TPM security. NASCA requires secure PKI authentication with keys generated in the TPM to log into Windows. When the user logs on, he or she enters a PIN for the TPM key and the NASCA system then authenticates the user—adding hardware-level security to the authentication process.  A similar process is used for encrypting files with the TPM using NASCA.

NECPC is making a strong commitment to security within the Japanese enterprise market,” commented Wave CEO Steven Sprague. “We’re proud to see the partnership with NECPC as the latest example of Trusted Computing reaching new users and Wave’s continued expansion in the PC OEM space.”

Wave replaces Infineon software within NASCA – both for TPM management and for custom development of TPM-based solutions. Wave’s Embassy Security Software supports Windows 8 and brings additional capabilities that weren’t available in the Infineon software.

Production began in July.

For more information please contact:

Wave Contact:
Michael Wheeler
Wave Systems Corp.

Investor Relations:
David Collins, Eric Lentini
Catalyst Global LLC
212-924-9800 office / 917-734-0339 mobile

About Wave Systems Corp.

Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the hardware security capabilities built directly into endpoint computing platforms themselves. Wave has been among the foremost experts on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.

Original Source: Wave EMBASSY Software Adopted by NECPC for the Japanese Market