Wave Systems Signs 15-year License Agreement with Samsung

Author: 
Mike Lennon
Security Week -
May 30, 2012 -

Wave Systems has signed a 15-year software license and distribution agreement with Samsung, enabling Samsung to bundle Wave’s EMBASSY Security Center (ESC) and TCG Software Stack (TSS) technology with devices that include a Trusted Platform Module (TPM), an industry standard security chip embedded in the motherboard of a computer or other electronic device.

In an SEC filing, Wave said it would receive a per-unit royalty based on Samsung’s sales of products that include its technology, but did not provide estimates in terms of expected revenue derived as a result.

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