Wave to Present at AeA Micro Cap Financial Conference in Monterey CA, Monday, May 16th

Lee, MA — May 13, 2005 — Wave Systems Corp. (NASDAQ: WAVX – www.wave.com ), announced today that its President and CEO, Steven Sprague, will provide an overview of Wave and its progress in deploying trusted computing software and services to members of the investment community at the AeA Micro Cap conference on Monday, May 16th in the Monterey Ballroom at the Monterey Plaza Hotel.

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About Wave Systems Corp.

Wave provides software to help solve critical enterprise PC security challenges such as strong authentication, data protection, network access control and the management of these enterprise functions.  Wave is a pioneer in hardware-based PC security and a founding member of the Trusted Computing Group (TCG), a consortium of nearly 140 PC industry leaders that forged open standards for hardware security. Wave’s EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG’s industry standard hardware security chip, the Trusted Platform Module (TPM).  TPMs are included on tens of millions of PCs and are standard equipment on many enterprise-class PCs shipping today.  Using TPMs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions.  For more information about Wave and its solutions, visit http://www.wave.com.

For more information please contact:

Contact:
Gerard T. Feeney, CFO
Wave Systems Corp.
413-243-1600
info@wavesys.com
Wave Investor Relations Contact
David Collins
Jaffoni & Collins
212-835-8500
wavx@jcir.com

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