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Wave Systems Corp.
480 Pleasant Street
Lee, MA 01238
tel: 413-243-1600
fax: 413-243-0045
ssprague@wavesys.com
Background: http://www.icics2005.org/Beijing%20BCD%20Slides%20Dec_2005.pdf
Link to WAVX presentations: http://members.rogers.com/wavesystems/Presentations.htm
(IHUB, #31912, 2/26/04)
TPM Matrix: http://www.tonymcfadden.com/tpmvendors.html
Q1 ~ 5/10
Q2 ~ 8/8
Q3 ~ 11/8
Q4 ~ 3/15
Resume; Peter Sprague (b.1950)
Title: Chairman and CEO of Wave Systems Corp.
Education: He received a bachelor's degree in
political science from Yale in 1961. He also studied political
science at MIT and economics at Columbia University.
Career: He began working as a UPI photographer
and correspondent in Moscow in the early 1960s. Established the
biggest chicken farm in Iran. Has also served as a hands-on chairman
or director of a variety of businesses, including National
Semiconductor, Advent Corp., Aston Martin PLC, Caesar's Palace, and
a chain of home-furnishing stores. Produced the 1974 movie,
"Steppenwolf."
R&R: He enjoys skiing, scuba diving, and
flying.
(IHub #64468, 1/10/05)
The story goes that Peter Sprague, while the head of National
Semiconductor (a job he held for some 30 years, and took them from
the pink sheets to a multi-billion dollar global company), came up
with the idea for a digital meter. He reasoned that digital bits
were like electricity in the beginning; i.e. they could get it to
your house, but didn't know how to charge for it. He thought the
idea so revolutionary, that he patented the idea outside of NSM, and
formed a company around it. The premise was that somehow OEM's would
include the meter chip in every computer, and Wave would get a small
piece of every transaction that washed across it.
(IHub, #39194, 4/27/04)
See Feb 15, 2006, for an extensive interview with SS regarding
WAVX’s “current” situation.
1988
Aug 12, Wave was incorporated in Delaware under
the name Indata Corp. The name was changed to Cryptologics
International, Inc. on December 4, 1989. We changed our name again
to Wave Systems Corp. on January 22, 1993.
(IHub #150,917, 9/1/07)
1988 Wave Systems began
developing interoperable trusted technologies combining
security features for hardware and software. Peter Sprague
founded Wave Systems.
(http://www.wave.com)(IHub, #23768, 12/21/03)
1990 Victor Shear founded
InterTrust.
(IHub, #21309, 11/30/03)
1994 Jan, The Board of
Directors authorized Wave to amend and restate Wave’s Certificate of
Incorporation to reflect the authorization of 25,000,000 shares of a
newly created Class A Common Stock, which stock has voting rights of
one vote per share, and the reclassification of the then current
outstanding shares of Common Stock into Class B Common Stock.
(IHub #123,800, 6/17/06)
1994 Jun, The Board of
Directors authorized that the Class B Common stock will have one
vote per share, except that Class B Common Stock will have five
votes per share in cases where one or more directors are nominated
for election by persons other than Wave’s Board of Directors and
where there is a vote on any merger, consolidation or other similar
transaction, which is not recommended by Wave’s Board of Directors.
In addition, the Class B Common Stock will have five votes per share
on all matters submitted to a vote of the stockholders in the event
that any person or group of persons acquires beneficial ownership of
20% or more of the outstanding voting securities of Wave. The Class
B Common Stock is convertible into shares of Class A Common Stock at
any time. The classes of Common Stock are alike in all other
respects.
(IHub #123,800, 6/17/06)
1994 Aug 31, The original
prospectus from the WAVX IPO was posted. The prospectus states there
is no public market for WAVX Class A Common Stock prior to the IPO
offering of 3,600,000 shares.
(IHub, #22477, 12/10/03)
1997 Aug 26, Nasdaq Stock
Market, Inc. advised Wave that it no longer meets the Nasdaq Stock
Market, Inc.'s listing requirements with respect to net tangible
assets.
(www.wave.com)
1997 Oct 2, Nasdaq granted Wave
a listing on The Nasdaq SmallCap Market following Wave's September
11th hearing before a Nasdaq Listing Qualifications Panel.
(www.wave.com)
1997 Dec 18, Wave Systems Corp
announced an agreement with IBM Corporation to find ways to
inexpensively incorporate Wave Systems' WaveMeter® chip into PC
products.
(www.wave.com)
1998 Jun 11, Aladdin exercised
a warrant to purchase 1,000,000 registered shares of Wave Systems
Corp. Class A Common Stock, yielding gross proceeds of $2,550,000 to
Wave.
(www.wave.com)
1998 Jun 15, Wave announced an
agreement with Interactive Magic, a leading developer and publisher
of interactive strategy and simulation games, to distribute
Interactive Magic's software titles through Wave's innovative
WaveSystem.
(www.wave.com)
1998 Jun 15, announced that
Gerard T. Feeney has been named Senior Vice President, Finance and
Administration and Chief Financial Officer. Mr. Feeney has a proven
track record of establishing and improving financial, accounting and
operating controls and procedures in start-up, turnaround and
high-growth situations. In his roles he has also been responsible
for securing corporate funding, establishing Wall Street analyst
relationships and the successful completion of numerous
acquisitions. Prior to joining Wave, Mr. Feeney served as Vice
President, Finance and CFO at Xionics Document Technologies Inc.
(Nasdaq: XION), a leading developer of innovative silicon and
software for printing, scanning, copying, processing and
transmitting documents to computer peripherals. Among his many
accomplishments during his tenure between 1991 and 1998 was the
successful completion of the company's $36 million initial public
offering in 1996. From 1986 to 1991, Mr. Feeney served as CFO of
IMG, Inc., a privately-held developer of software and computer-aided
machinery. From 1984 to 1986, Mr. Feeney was Corporate Controller at
Wolfdata, Inc., a manufacturer and OEM supplier of computer modems,
and from 1980 to 1984 Mr. Feeney began his career with a start-up
division of Analog Devices, Inc.'s (NYSE: ADI) semiconductor group.
Mr. Feeney holds a Bachelor of Science degree in Accounting,
Computer Science and Operations Management from Boston College.
(http://www.wave.com/news/press_archive/98/980615feeney.html)
1999 May, Wavexpress, Inc., a
joint venture formed by Wave Systems Corp. and Sarnoff Corporation,
was founded to develop secure distribution channels for IP content
over broadband networks.
(www.wavexpress.com)
1999 May, Relisting.
(JV, IHub, 11/29/03)
1999 Jul, Ibrahim (aka "Tony")
Elgindy & his infamous horde at Anthony@Pacific were apparently
clued in to WAVX by a trader who bounced around here for many years.
It also seems that "Tony" was privy to an early release of a very
negative piece on Wave in Barrons (7/99). Tom Claugus, a hedge fund
shortseller, proclaimed in Barrons that essentially WAVX was the
junkiest of all dot.bomb junk stocks & these A@P minions seemed
to know about a few days ahead of publication.
(IHub, #39610, 4/30/04)
1999 Aug 28, Wave Systems, a
provider of e-commerce, content distribution and security services,
LEGO Media International, and Europe Online Networks (EON) today
announced an agreement that provides for the secure broadcast
delivery of LEGO Media’s software using EON’s open-standard,
mass-consumer broadband network and the Wave E-commerce system. The
software is received on the KiSS Nordic DVB receiver card and then
rented or purchased by the end user on the WaveDirect E-commerce
System. By delivering on Wave’s goal of for mass distribution of its
technology and services, this software distribution system provides
a revolutionary new way for consumers to receive, use and purchase
leading software titles.
(IHub #101818, 11/18/05)
1999 Nov 23, Intel patent #
5,991,399. Method for securely distributing a conditional use
private key to a trusted entity on a remote system.
(IHub, #20489, 11/24/03)
1999 Dec 13, Article on
Wavoids: Danny Hakim, Smartmoney.com. "Steven K. Sprague, the
36-year-old president and chief operating officer of Wave
Systems..."
(IHub, #28868, 2/6/04)
1999 Compaq, Hewlett-Packard,
IBM, Intel and Microsoft established the Trusted Computing Platform
Alliance (TCPA) in an effort to define and promote the goal of
trustworthy computing.
(http://www.unclever.com/wavx/DD.htm)
2000 Feb 2, Wave Systems to
Receive $5.8 Million Related to Acquisition of Joint Venture
Partner.
(IHub #68211, 2/4/05)
2000 Feb 10, WaveExpress
Appoints Clifford A. Jenks Chief Executive Officer.
(IHub #68211, 2/4/05)
2000 Feb 16, Wave Systems
Continues U.S. Momentum In Europe By Showcasing Digital Content
Distribution and E-Commerce Technology With GlobalWave at Milia
2000.
(IHub #68211, 2/4/05)
2000 Feb 17, Wave's EMBASSY
Technology Demonstrated in Compaq Smart-Card Readers at Windows 2000
Launch.
(IHub #68211, 2/4/05)
2000 Feb 22, Wave Systems
Reports 4th Quarter, Year-End Results and Recent Progress.
(IHub #68211, 2/4/05)
2000 Feb 22, Growing Number of
On-Line Users Turn Digital Content Into Cash Using MyPublish From
Wave Systems.
(IHub #68211, 2/4/05)
2000 Mar 2, Wave Systems to
Complete $122 Million Private Placement.
(IHub #68211, 2/4/05)
2000 Mar 8, InterTrust, Wave
Systems to Integrate InterTrust DRM.
(IHub #68211, 2/4/05)
2000 Mar 9, Wave Systems
Completes $122 Million Private Placement.
(IHub #68211, 2/4/05)
2000 Mar 13, Wave Systems 4Q99
quarterly conference call.
(IHub, #32900, 3/9/04)
2000 Mar 21, Intel patent #
6,041,122. Method and apparatus for hiding cryptographic keys
utilizing autocorrelation timing encoding and computation.
(IHub, #20489, 11/24/03)
2000 Mar 24, Steven Sprague
Named Wave Systems CEO.
(IHub #68211, 2/4/05)
2000 Mar 27, AMD and Wave
Systems to Enable Advanced Security Features for Commercial and
Consumer Computing.
(IHub #68211, 2/4/05)
2000 Mar 30, Capitol
Broadcasting Unit, DTV Plus & Wavexpress Form Strategic
Partnership to Explore & Deliver Broadcast E-commerce. Wave
Systems Names Mark Hubbard Executive Vice President of Worldwide
Networks & Services.
(IHub #68211, 2/4/05)
2000 Mar, WAVX shares reached
$18.
(IHUB, #31565, 2/24/04)
2000 Apr 5, Sinclair Broadcast
Group to Test Wavexpress Datacasting Technology for E-Commerce Over
Digital Television Spectrum.
(IHub #68211, 2/4/05)
2000 Apr 7, Hauppauge Digital
DTV Receivers Used to Support Wavexpress' Broadcast E-Commerce
Solution.
(IHub #68211, 2/4/05)
2000 Apr 10, Wave Systems'
Technology To Be Demonstrated Across Multiple Venues At National
Association Of Broadcasters Tradeshow. WaveExpress to demo latest
service at NAB: April 10 – 13. Pinnacle Systems' High
Definition Digital Receiver to Support Wavexpress' Broadcast
E-Commerce Solution. Philips and Wave to Demonstrate MPEG4-Based
Streaming Media Solutions at NAB 2000. Wavexpress' Broadcast
E-Commerce Solution Demonstrated With Panasonic's Prototype PCDTV
Card at NAB.
(IHub #68211, 2/4/05)
2000 Apr 12, Wavexpress, Inc.
Announces Strategic Alliance with Santa Barbara Software to Develop
Cutting Edge Datacasting Application.
(IHub #68211, 2/4/05)
2000 Apr 18, Wave Systems and
Cyber-COMM Partnership FAQs. Wave Systems and Cyber-COMM Announce
Extended Partnership at Paris Conference on Secure e-Commerce.
(IHub #68211, 2/4/05)
2000 Apr 19, Philips and Wave
Systems Awarded Television Broadcast Magazine's Editors' Pick of
Show Award at NAB for MPEG4-based Streaming Media Demonstration.
(IHub #68211, 2/4/05)
2000 May 2, EMBASSY tm Enabled
Devices to Deploy This Year - Hitachi Europe and Wave Systems
Announce Alliance to Develop Secure Smart Commerce Solutions.
(IHub #68211, 2/4/05)
2000 May 4, Wave President and
CEO, Steven Sprague, invited to present before JP Morgan Electronic
Commerce and IT Services "Life Along the Digital High Tollway"
Institutional Investor Conference Naples, FL. May 17-19.
(IHub #68211, 2/4/05)
2000 May 9, Webcast and
Conference Call with Wave Systems' management to review the
Company's first quarter results and recent progress.
(IHub #68211, 2/4/05)
2000 May 10, Wave Systems
Launches Its ENVOY.
(IHub #68211, 2/4/05)
2000 May 11, Wave Systems
Reports Q1 Results and Continued Progress. Hauppauge Digital, Inc.
to Support Wave Systems' ENVOY. Wave Systems Signs Havas Interactive
Distribution Agreement.
(IHub #68211, 2/4/05)
2000 May 15, KiSS Nordic to
Bundle Wave Systems' USB Smart Card Readers in its Line of
Multimedia PC Products Starting This Fall.
(IHub #68211, 2/4/05)
2000 Jun 9, Wavexpress, a new
technology company providing e-commerce and data broadcasting
services to digital TV broadcasters, content providers and
consumers, today announced the appointment of Andy Lippman,
Associate Director and Senior Research Scientist at the
Massachusetts Institute of Technology's Media Laboratory, to its
Board of Directors.
(IHub, #26272, 1/14/04)
2000 Jun 18, A NY Times article
on WAVX by Danny Hakin appeared: "Few Wavoids were as zealous as
Doug McCoy, who compiled a 600-page compendium of board postings and
e-mail messages, called WAVX 101, for fledgling investors. After the
shareholder meeting, the McCoys, more convinced than ever about the
company's prospects, began to invest on margin, using money borrowed
from their broker, Web Street Securities, to increase their
position. By the end of March, such purchases accounted for
about a third of their positions..."
(IHUB, #31360, 2/23/04)
2000 Jun 27, GlobalWave
Expansion Paves the Way for European Deployment Of Wave Systems
Technology.
(IHub #68211, 2/4/05)
2000 Jul 6, Wavexpress and
Clear Channel to Deliver Innovative Broadcast-to-PC Service.
(IHub #68211, 2/4/05)
2000 Jul 7, Wavexpress Names
Michael Wilbur CFO.
(IHub #68211, 2/4/05)
2000 Jul 25, The New York Times
Neediest Cases Fund and Wave Systems Announce Agreement.
(IHub #68211, 2/4/05)
2000 Aug 8, Webcast and
Conference Call with Wave Systems' management to review the
Company's second quarter results and recent progress. August 10,
2000 @ 4:30pm EDT.
(IHub #68211, 2/4/05)
2000 Aug 10, Wave Systems Q2
Results and Progress Report.
(IHub #68211, 2/4/05)
2000 Aug 16, The Trusted
Client: AMD and Wave Mother Board Reference Design
(http://www.wave.com/technology/AMDWaveTrustedClient.pdf)
2000 Aug 22, Wave Systems Corp.
today announced a strategic new security architectural model for
creating multi-party trust in user devices. Trust @ the Edge
specifies the integration of strong security in every user device, a
major breakthrough in the challenge of creating trusted and private
digital relationships while enabling reliable electronic exchange
and commerce over the Internet.
(IHub, #34591, 3/20/04)
2000 Aug 22, National
Semiconductor to Develop Security Co-Processor to Support New
Trusted Computing Platform Alliance Standard Using Wave Systems'
Technology.
(IHub #68211, 2/4/05)
2000 Aug 22, CNBC Dow Jones
Interview with Wave Systems' CEO Steven Sprague on Future of
Company's Growth.
(IHub #68211, 2/4/05)
2000 Aug 30, Interpoint to
Supply EMBASSY multi-chip modules for secure e-commerce
transactions.
(IHub #68211, 2/4/05)
2000 Sep 6, Wave Systems
Acquires Indigo Networks.
(IHub #68211, 2/4/05)
2000 Sep 8, Philips Digital
Networks, a leading MPEG-4 multimedia solutions provider, and Wave
Systems Corp., a leading developer of technology platforms and
services that enable next-generation e-commerce, will provide a
joint demonstration of streaming media e-Commerce solutions in a
secure environment based on MPEG4 as an open standard.
(IHub, #38688, 4/22/04)
2000 Sep 8, Wavexpress &
Wave Systems Featured in BusinessWeek Story on Digital Data Casting.
(IHub #68211, 2/4/05)
2000 Sep 8, Wavexpress, a new
technology company providing broadcast commerce for terrestrial,
cable and satellite broadcasters, today announced they are working
with Microsoft Corp. to develop advanced digital television software
solutions for the PC industry. Wavexpress will provide a live
demonstration at the International Broadcasting Convention 2000. The
demonstration will couple the Wavexpress datacasting application
with Microsoft TV Technologies, yielding a fully integrated
end-to-end solution for delivering interactive content and commerce
to consumers. The Microsoft TV Technologies is part of the extensive
television support being provided in future versions of Microsoft
Windows.
(IHub, #38452, 4/20/04)
2000 Sep 11, Wavexpress &
Benedek Broadcasting Announce Digital Television Agreement.
(IHub #68211, 2/4/05)
2000 Sep 13, Wavexpress to be a
Primary and Preferred Datacasting and Secure E-Commerce Broadcast
Provider in BIZ SSP Suite.
(IHub #68211, 2/4/05)
2000 Sep 15, Michael Seedman
Appointed to Wave Systems' Board.
(IHub #68211, 2/4/05)
2000 Sep 28, Steven Sprague
talks with On24.com about Wave's Role in Smart Card.
(IHub #68211, 2/4/05)
2000 Oct 3, Wave to Receive $10
Million from BIZ Interactive Zone to Deliver EMBASSY Technology.
(IHub #68211, 2/4/05)
2000 Oct 10, Wave Systems to
Present at AEA Classic Nov. 6 & 7.
(IHub #68211, 2/4/05)
2000 Oct 11, OneName and Wave
to Deliver New Solutions for User Managed Privacy on the Internet.
(IHub #68211, 2/4/05)
2000 Oct 24, Wave Patent #
6,138,239. "A method and system for secure transactions. The method
and system comprise a security co-processor and an interface for
interfacing the security co-processor to a host computer system."
This may cover Microsoft's NGSCB architecture in its entirety
(IHub, #21260, 11/30/03)
2000 Oct 24, Wave Systems &
Cyber-COMM to Demonstrate Secure Consumer Commerce Solutions at
Cartes 2000.
(IHub #68211, 2/4/05)
2000 Nov 1, Wave Systems to
Host Q3 Webcast / Conference Call November 8TH, 2000.
(IHub #68211, 2/4/05)
2000 Nov 9, Wave Systems to
Unveil World's First Open, Programmable Trusted Client Platform at
Fall COMDEX.
(IHub #68211, 2/4/05)
2000 Nov 13, Wave Systems
Delivers Portfolio of Trusted Client Technologies and Services to
BIZ and EDS Alliance. AMD and Wave Systems Demonstrate Trusted
Client Computer Solutions For Secure E-Commerce and Services. Wave
Systems Showcases Industry-Leading Trusted Client Solutions For
Secure E-Commerce.
(IHub #68211, 2/4/05)
2000 Nov 16, RadioWallStreet
and CEOCast interview Steven Sprague from COMDEX.
(IHub #68211, 2/4/05)
2000 Nov 22, Wave Systems
Receives Two New Patents.
(IHub #68211, 2/4/05)
2000 Nov 30, Wavexpress
Incorporates Triveni Digital Technology in DTV Broadcast Pilot.
Wavexpress to Demonstrate Microsoft Datacasting Solution at the
Western Cable Show.
(IHub #68211, 2/4/05)
2000 Dec 5, Wave Systems'
"CharityWave.com" Provides Secure, Private, and Safe Contribution
Service for CIBC World Markets USA Miracle Day.
(IHub #68211, 2/4/05)
2000 Dec 7, Wavexpress and
United Television's San Francisco Station, KBHK, to Launch
DigitalBroadcasting eCommerce Service.
(IHub #68211, 2/4/05)
2000 Dec 19, Wave Systems Corp.
and InterTrust Technologies Corporation (ITRU) announced today that
they are collaborating to create the industries' premier high-end
digital rights management solution, using Wave's EMBASSY®
Trusted Client programmable hardware system, as the newest platform
in the recently announced InterTrust RightsChip family.
(IHub, #25184, 1/6/04)
2000 Dec 22, Steven Sprague,
Wave Systems President and CEO, interviewed.
(IHub #68211, 2/4/05)
2001 Jan 9, Wave Systems'
CharityWave.com To Provide Secure, Online Donation Capability for
washingtonpost.com Users.
(IHub #68211, 2/4/05)
2001 Jan 22, Wave will present
to The Wall Street Analyst Forum in New York on February 12, 2001.
(IHub #68211, 2/4/05)
2001 Feb 12, Wave Systems and
BIZ Interactive Zone Expand Partnership Through Equity
Exchange/Investment. GlobalWave Teams Up with Fantastic to Broadcast
Digital Media to Europe. First European Data Broadcast Solution
Launched; GlobalWave Announces eJay Digital Music Partnership.
(IHub #68211, 2/4/05)
2001 Feb 20, Wave Systems To
Hold Application Developers Forum In April In Conjunction with the
RSA Security Conference.
(IHub #68211, 2/4/05)
2001 Feb 22, - Wavexpress and
New Jersy Network (PBS) Demonstrate Secure Digital Television.
(IHub #68211, 2/4/05)
2001 Feb 26, Wave Systems To
Demonstrate Trusted PC Solutions With Silicon Image at Intel
Developer Forum.
(IHub #68211, 2/4/05)
2001 Feb 28, PBS Debuts Another
First in Interactive Television; Wavexpress Selected to Provide
Digital Broadcasting Platform.
(IHub #68211, 2/4/05)
2001 Mar 7, Wave Systems to
Host Q4/Year-End Webcast/Conference Call Tuesday, March 13th.
(IHub #68211, 2/4/05)
2001 Mar 9, PBS and Wavexpress
Work on Interactive TV - Cable World.
(IHub #68211, 2/4/05)
2001 Mar 13, Wave Systems Q4
Results and Progress Report.
(IHub #68211, 2/4/05)
2001 Mar 15, GlobalWave and
Hitachi Address Secure E-Commerce and Digital Distribution
Opportunities.
(IHub #68211, 2/4/05)
2001 Mar 19, Wave Systems
Selects EDS To Operate Root Key Certificate Authority.
(IHub #68211, 2/4/05)
2001 Mar 22, Wave Systems
Demonstrating EMBASSY® Trusted Client Technology During CeBIT
2001 in Hanover, Germany.
(IHub #68211, 2/4/05)
2001 Mar 27, Founding members
of the Consortium for Efficient Embedded Security (CEES) today held
a charter meeting in Burlington, Ma., to initiate the development of
universal standards for creating secure, interoperable
implementations of highly efficient, highly scalable public key
security. By defining standards for deploying the most efficient,
scalable embedded security solutions, CEES is meeting the need to
support emerging digital infrastructures with new innovations in
public key security. The first draft of CEES standards will be based
on the NTRU Public Key Cryptosystem (PKCS).
CEES is a cooperative multi-organizational effort
with oversight and contributions from leading companies and
academia. Charter members include representatives from Aereous,
C-SAM, Diversinet, Intel, MasterCard International, NTRU, Setec,
Solid, Sony, Texas Instruments, University of Minnesota, University
of Missouri, Macquarie University, and Wave Systems.
(IHub, #34507, 3/19/04)
2001 Mar 29, Sportal and
GlobalWave Demonstrate Genuine Interactive Broadband Sports Channel.
(IHub #68211, 2/4/05)
2001 Apr 10, Wave Systems Corp.
today announced the availability of the EMBASSY Trust System, the
industry's first comprehensive trust infrastructure, tools and
device components required to create, deploy, and manage Trusted
Client hardware devices which are open, shared and programmable.
While single function security devices are prevalent today, the
breakthrough architecture achieved by the EMBASSY Trust System
provides the capability for multiple entities, such as service
providers, content owners, and individuals, to share a single device
while trusting that their individual interests have each been
strongly protected from both local and network sources of attack.
(IHub #68198, 2/2/05)
2001 Apr 22, Wavexpress Teams
with Envivio to Develop Enhanced Content Delivery Tools for
Broadcasters.
(IHub #68211, 2/4/05)
2001 Apr 23, Thomcast &
Wavexpress Alliance To Change Broadcasting Revenue Model.
Wavexpress and Triveni Digital to Integrate TVTonic Solution
for Interactive DTV and T-Commerce with Triveni Digital Data
Broadcast Architecture. Wavexpress Debuts TVTonic™ Interactive
Broadcast Platform at NAB2001.
(IHub #68211, 2/4/05)
2001 Apr 30, Wave Systems Q1
Webcast/Conference Call on Tuesday, May 8th.
(IHub #68211, 2/4/05)
2001 May 8, Wave Systems
Reports Q1 Results and Recent Developments.
(IHub #68211, 2/4/05)
2001 Jun 5, SSP Solutions
Selects Broadcom Digital Set-top Box Reference Design to Integrate
SSP Embassy Technology.
(IHub #68211, 2/4/05)
2001 Jun 18, Wave and SCM
Microsystems Team to Develop Level 5 Smart Card Readers for Global
Markets.
(IHub #68211, 2/4/05)
2001 Jun 18, Tallán, one
of the most established, leading-edge applications and systems
development firms in the U.S., today announced that it has completed
the internationalization development project of the Wave Commerce
System for Wave Systems Corp., a leading designer and developer of
platforms, infrastructure and services that enable secure digital
exchange and commerce via the Internet.
(www.tallan.com/news/press_releases/2001/2001_06_18.shtml)
2001 Jun 19, Wave Systems
Corp., and SCM Microsystems, Inc., announced the two companies have
formed a strategic relationship to produce a family of smart card
readers designed to address European Level 5 standards for secure
pin entry and secure display. Level 5 specifications guarantee a
level of online security that is among the highest in the world,
enabling secure electronic transaction (SET) protocols and other
forms of secure financial services transactions.
(IHub #111208, 3/2/06)
2001 Jun 25, EDS Successfully
Tests SSP Solution Suite Core Technologies. Securealink, Inc. Adds
Wave's EMBASSY® Technology to Product Line to Enhance Internet
E-Commerce Payment Security.
(IHub #68211, 2/4/05)
2001 Jun 27, Wave Licenses Sun
Microsystems J2ME™ Connected Limited Device Configuration To Create
Microprocessor Independent EMBASSY® Technology.
(IHub #68211, 2/4/05)
2001 Jul 2, Wave Systems
Announces Commitment to FINREAD European Secure E-Commerce Terminal
Specifications.
(IHub #68211, 2/4/05)
2001 Jul 11, CPS Europe, a
designer and producer of consumer security and telecommunication
products, and Wave Systems today announced that Wave's EMBASSY
Personal E-commerce Technology is planned to be integrated by CPS
Europe into FINREAD-compliant smart card readers manufactured by the
Netherlands-based company.
(IHub #67338, 2/1/05)
2001 Jul 30, Wave Systems Q2
Webcast/Conference Call on Tuesday, August 7th.
(IHub #68211, 2/4/05)
2001 Aug 6, Wave Systems and
MAXIMUS Sign Co-Marketing Agreement to Offer Trust Solutions to
Government Agencies.
(IHub #68211, 2/4/05)
2001 Aug 7, Wave Systems
Reports Q2 Results and Recent Developments.
(IHub #68211, 2/4/05)
2001 Sep 11, EDS Chairman
Richard Brown's Statement on Wave Systems Corp. Briefing on Internet
Security. SiliconValley.com story features Wave Systems technology
solution. The Hart Research Presentation. Top Line Summary of
Consumer Survey Results. Hart Poll Finds 72% of PC Owners
Would Purchase a More Secure Computer If Available.
(IHub #68211, 2/4/05)
2001 Sep 12, London Coverage of
FINREAD and Wave Systems published in Banking Technology.
(IHub #68211, 2/4/05)
2001 Sep 13, The New York Times
Neediest Cases Fund features Link to CharityWave.com raising
contributions for victims of World Trade Center catastrophe.
(IHub #68211, 2/4/05)
2001 Sep 14, CharityWave and
Wave Systems Recognized in the Publication iMarketing News Daily.
(IHub #68211, 2/4/05)
2001 Sep 24, Wall Street
Reporter Interview with Steven Sprague, President and Chief
Executive Officer of Wave Systems.
(IHub #68211, 2/4/05)
2001 Oct 12, Wave Systems Sees
EU Market As Key Opportunity For Deployment of Secure E-Commerce and
E-Government Solutions.
(IHub #68211, 2/4/05)
2001 Oct 16, Wave Systems Adds
Digital Signing Capabilities To Address Emerging Market
Opportunities in Europe and North America.
(IHub #68211, 2/4/05)
2001 Oct 17, Wave Systems to
Demonstrate FINREAD Capabilities at e-Europe Booth at Cartes Expo in
Paris Oct. 23-25.
(IHub #68211, 2/4/05)
2001 Oct 22, SSP Solutions,
Inc., providing solutions and services that secure access control
and real-time movement of financial transactions and other valued
digital content, today announced Secure PC, an 'out of the box'
secure computer integrated and delivered as a working client to the
user. Secure PC specifically supplements the product offerings of
Pulsar Data, a wholly-owned subsidiary of SSP Solutions and a
provider of enterprise level hardware, peripherals and software
solutions designed for complex networking and security situations.
"Wave is pleased that SSP Solutions and Pulsar have selected the
EMBASSY technology as a key component of the Secure PC," commented
Steven Sprague, President and CEO, Wave Systems.
(IHub #67286, 2/1/05)
2001 Oct 22, Wavexpress TVTonic
Application Nominated for Two Bandies 2001 Awards.
Pulsar Data Launches Secure PC For Government Market.
(IHub #68211, 2/4/05)
2001 Oct 24, Wave Holds
Successful Media Briefing For Key European Reporters At Cartes Expo.
(IHub #68211, 2/4/05)
2001 Oct 29, Nagravision, Wave
Systems and Wavexpress Address Secure IP Content Distribution for
Cable Operators.
(IHub #68211, 2/4/05)
2001 Nov 6, Wave Systems Q3
Webcast/Conference Call on Tuesday, November 13.
(IHub #68211, 2/4/05)
2001 Nov 7, Wave To Demonstrate
Trusted Personal Computer Concept at COMDEX Fall 2001, Nov. 12-16,
Las Vegas Convention Center.
(IHub #68211, 2/4/05)
2001 Nov 8, Wave Systems and
Samsung Announce Partnership to Manufacture and Market Next
Generation Secure PC Keyboards.
(IHub #68211, 2/4/05)
2001 Nov 13, ZDNet Tech Update
- Business & Technology Today opinion article - "Evolution comes
to security." Wave Systems Reports Q3 Results and Recent
Developments.
ZDNet Tech Update, Business & Technology Today article: "Wave
Systems puts private keys out of reach."
(IHub #68211, 2/4/05)
2001 Nov 19,
CBS.Marketwatch.com - The Stockpickers article "A Positive
Investment Environment" picks WAVX.
(IHub #68211, 2/4/05)
2001 Nov 28, Wavexpress Selects
Kencast's Fazzt® Broadcasting Software to Deliver Content for
Cable Multicast Service.
(IHub #68211, 2/4/05)
2001 Dec 6, French trade
publication 01 Reseaux mentions Wave Systems and EMBASSY®.
(IHub #68211, 2/4/05)
2001 Dec 10, CharityWave and
Wave Systems mentioned in Baltimore Sun article.
(IHub #68211, 2/4/05)
2002 Jan 10, EDS to Host,
Deploy and Manage the SSP Trust Assurance Network.
(IHub #68211, 2/4/05)
2002 Jan 17, Media Alert:
Trustworthy Computing Products and Expert Sources Now Available.
(IHub #68211, 2/4/05)
2002 Feb 12, Wave Introduces
Trusted Computing Developers Tool, The EMBASSY® Cryptographic
Service.
(IHub #68211, 2/4/05)
2002 Feb 19, Carnegie Mellon to
Host Security Workshop on Vulnerable State Networks and Databases.
(IHub #68211, 2/4/05)
2002 Feb 20, Wavexpress Names
Brian Hickey President. TrustID® Digital Certificates Now
Provide Real-Time Authentication And Access From Any Web.
(IHub #68211, 2/4/05)
2002 Feb 27, Wave Systems to
Host Q4/Year-End Webcast/Conference Call on Thursday, March 7.
(IHub #68211, 2/4/05)
2002 Mar 7, Wave Systems
Reports Q4 and Year-End Results and Recent Corporate Developments.
(IHub #68211, 2/4/05)
2002 Mar 8, Samsung and Wave
Systems to Demonstrate Secure Personal Computing Capabilities at
CeBIT 2002.
(IHub #68211, 2/4/05)
2002 Mar 11, Wave Showcases New
Digital Signing and Storage Capabilities at National Technology in
Mortgage.
(IHub #68211, 2/4/05)
2002 Mar 12, Wave Systems
mentioned in CBS MarketWatch Europe Tech Report for CeBIT. Wave
Systems To Demonstrate Secure E-Commerce and Services Capabilities
at CeBIT 2002
(IHub #68211, 2/4/05)
2002 Mar 14, NEC Computers
International and Wave Systems to Demonstrate Secure Home Computing
Capabilities.
(IHub #68211, 2/4/05)
2002 Apr 4, - EMBASSY®
platform highlighted in CardWorld International Journal article on
PC Security Standards. Wave Systems mentioned in Wired.com business
news article "Signs of 'Trustworthy Computing.'"
(IHub #68211, 2/4/05)
2002 Apr 9, Wave Systems
Mentioned in Salon.com Business and Technology Article
"Anti-Trustworthy computing."
(IHub #68211, 2/4/05)
2002 Apr 17, EMBASSY®
Trusted Client System Supports Broad Range of Web Services
Supporting Windows XP.
(IHub #68211, 2/4/05)
2002 Apr 19, Wave Systems and
France's Caisse d'Epargne National Savings Bank to Demonstrate
Secure.
(IHub #68211, 2/4/05)
2002 Apr 22, CEOcast.com
features Wave Systems in Recent Newsletter. Wave Systems to
Demonstrate Broad Range of Secure Internet Services at the Card Tech
Secure Tech.
(IHub #68211, 2/4/05)
2002 Apr 23, Wave Systems Joins
Prestigious EUROSMART Smart Card Association.
(IHub #68211, 2/4/05)
2002 Apr 30, Wave Systems
Mentioned in EETimes Article "Group forms to plug holes in PC
security.
(IHub #68211, 2/4/05)
2002 May 3, Wave Systems To
Host Webcast/Conference Call on Tuesday, May 14.
(IHub #68211, 2/4/05)
2002 May 14, Wave Systems
Reports Q1 Results and Recent Developments.
(IHub #68211, 2/4/05)
2002 May 29, ISTPA Releases a
Framework to Protect Privacy, Joins with Carnegie Mellon Experts.
Wave Systems Mentioned in ZDNet News Article "Liberty Alliance gains
ground." Liberty Alliance Project Adds New Members, Expands
Potential for Not-For-Profit, Government Involvement.
(IHub #68211, 2/4/05)
2002 Jun 4, Intel patent #
6,401,208. "Method for BIOS authentication prior to BIOS execution."
(IHub, #20489, 11/24/03)
2002 Jun 20, Nagravision, the
digital TV and broadband Internet division of the Kudelski Group,
and Wavexpress, the broadband technology company backed by Wave
Systems, today announced that they are teaming up to market content
protection and conditional access solutions for broadband networks.
(IHub #68211, 2/4/05)(IHub #94299, 9/9/05)
2002 Jun 21, News-Press &
Gazette and USA Media Test Wavexpress IP Multicast Service.
(IHub #68211, 2/4/05)
2002 Jun 23, Leak on Palladium.
The Microsoft infrastructure formerly known as Palladium and in 2003
called by the awkward acronym NGSCB (pronounced "ing-scub," short
for Next-Generation Secure Computing Base).
(IHub, #21292, 11/30/03)(IHub #20416, 11/24/03)
2002 Jun 24, Wave Systems share
holders meeting.
(IHub, #21292, 11/30/03)
2002 Jun 26, Palladium is the
code name for a set of features in an upcoming version of Windows.
It is a new breed of hardware with new capabilities in the operating
system, and over time new applications and services... it will
provide some very significant things in the way of security,
personal privacy, and system integrity.
(IHub, #21307, 11/30/03)
2002 Jun 27, Steven Sprague
Joins Digital ID World Industry Advisory Board.
(IHub #68211, 2/4/05)
2002 Jul 23, Wave Systems to
Host Webcast/Conference Call on Thursday, August 8th.
(IHub #68211, 2/4/05)
2002 Jul 24, XNS Public Trust
Organization Announces v1.0 Specifications with Wave Systems as a
Founding Sponsor.
(IHub #68211, 2/4/05)
2002 Jul 29, Wave Systems to
Present at Adams, Harkness & Hill’s Annual Summer Investment
Seminar.
(IHub #68211, 2/4/05)
2002 Aug 6, Wavexpress Cable
Trials Enter Second Phase.
(IHub #68211, 2/4/05)
2002 Aug 8, Wave Systems 2Q02
quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Aug 19, Tarari, a start-up
chip company that was spun out of semiconductor giant Intel,
announced that it has received $13 million in its first round of
venture funding. The San Diego company is developing so-called
content processors, which are designed to speed up specific
network-based software applications. The chips will help speed up
software such as anti-viral programs that can dramatically slow down
a corporate network.
(IHub, #21363, 11/30/03)
2002 Sep 19, LogicEase
Solutions To Use Wave Systems' Digital Signing and Storage
Capabilities In Mortgage Legal.
(IHub #68211, 2/4/05)
2002 Oct 9, Wave Systems
Introduces TrustEdge® Product Line for Trusted, Secure Input
Devices and Services.
(IHub #68211, 2/4/05)
2002 Oct 14, Wave Seen As
Important Industry Player at Digital ID World Conference.
(IHub #68211, 2/4/05)
2002 Oct 16, DocuTech
Corporation And Wave Systems Join Forces.
(IHub #68211, 2/4/05)
2002 Oct 29, Wave Systems and
Trusted Logic Successfully Implement FINREAD Software Specification
In EMBASSY®.
(IHub #68211, 2/4/05)
2002 Nov 5, Wave Systems and
Atos Origin Demonstrating Convenient E-Purse Application For
"Cashless" Transactions. Bloomberg.com features NEC / Wave Systems
coverage. NEC Computers International and Wave Systems Launching
World's First Secure Home PC Solution.
(IHub #68211, 2/4/05)
2002 Nov 7, Wave Systems to
Host Q3 Webcast/Conference Call on November 12th.
(IHub #68211, 2/4/05)
2002 Nov 8, PDFZone.com story
on the benefits of Trusted Computing. EETimes mentions Wave Systems
in Smart-card chip story.
(IHub #68211, 2/4/05)
2002 Nov 12, Wave Systems 3Q02
quarterly conference call. Significant European Media Coverage
of Wave/Atos E-Purse.
(IHub, #22493, 12/11/03)(IHub #68211, 2/4/05)
2002 Nov 15, Dow Jones Coverage
of TVTonic Launch. Wavexpress Launches TVTonic: Revolutionary Online
Media Service.
(IHub #68211, 2/4/05)
2002 Nov 18, Wave Systems, a
developer of hardware solutions and services for secure and trusted
Internet commerce, announced a complete suite of secure EMBASSY™
services for National Semiconductor’s TCPA compliant SafeKeeper™
technology used in its PC21100 trusted platform module (TPM) and
software stack. Wave’s solution, when combined with National’s
SafeKeeper technology, provides servers, and desktop PC and mobile
PC platforms, with a suite of secure services. This suite of
services adds value and new revenue opportunities, through the sale
of the suite of service solutions, to the PC platform, while
providing enhanced security and privacy options for consumers.
(IHub, #22302, 12/8/03)
2002 Nov 18, Dow Jones Coverage
of Wave/Infineon TPM.
(IHub #68211, 2/4/05)
2002 Nov 20, Wavexpress and
Golfspan.com Launch New Broadband Channel: Golfspan, Expert Video
Instruction.
(IHub #68211, 2/4/05)
2002 Nov 21, CEDMagazine.com
coverage of TVTonic/Golfspan launch. USA Today places TVTonic on its
Shareware Shelf.
(IHub #68211, 2/4/05)
2002 Dec 5, Wavexpress and
Videofashion Network Launch New Broadband Channel: Programming
Devoted to Fashion.
(IHub #68211, 2/4/05)
2002 Dec 18, Wave Systems
Mentioned in Broker Magazine Story "Drowning in Docs."
(IHub #68211, 2/4/05)
2002 Dec 19, Wavexpress
Launches Broadband News Video Channel Featuring Associated Press
Content.
(IHub #68211, 2/4/05)
2003 Jan 9, Wavexpress Featured
in CableWorld Story "DIGITAL PIPELINE: Breaking the Waves."
(IHub #68211, 2/4/05)
2003 Jan 30, DocuTech
Corporation, and Wave Systems Corp. today announced the formation of
the eMortgage Alliance, an official collaboration of
industry-leading companies working together to deliver a completely
paperless mortgage solution.
(IHub #55924, 10/25/04)
2003 Feb 10, Wavexpress
Featured in TVSPY Next Generation TV Spotlight Article "Making
Broadband More Attractive."
(IHub #68211, 2/4/05)
2003 Feb 14, Comodo Group and
Wave Systems Partner to Offer ESIGN Solutions Securely Online to
Government.
(IHub #68211, 2/4/05)
2003 Feb 18, Wave Systems
Corp., a developer of solutions and services for secure Internet
commerce, is demonstrating its suite of secure EMBASSY®-based
services at the Intel Developer Forum, Feb. 18 - Feb. 21, 2003, at
the San Jose Convention Center.
(IHUB, #29965, 2/13/04)
2003 Feb 19, Wave Systems
Corp., a leader in secure hardware and software computing solutions
and services, today announced it is partnering with the Comodo
Group, the leading Internet security specialist which provides next
generation E-commerce security solutions, to offer the industry's
most comprehensive solutions for managing processes and transactions
securely online.
(IHub #43692, 6/13/04)
2003 Feb 20, Hollywood.com and
Wavexpress Launch MoviePick™ – Broadband PC Channel for Movie-Goers.
(IHub #68211, 2/4/05)
2003 Feb 25, Media Spotlight On
Wave's EMBASSY Secure Services Shown at IDF.
(IHub #68211, 2/4/05)
2003 Mar 6, Wave Systems Is Key
Partner of Infineon Technology's Silicon Trust Partnership Program.
(IHub #68211, 2/4/05)
2003 Mar 10, NEC Partners With
Wave at CeBIT. Europe Online to Launch Wavexpress Broadband
Channels.
(IHub #68211, 2/4/05)
2003 Mar 11, Wave Systems
Demonstrates Secure PC with Advanced Financial Services For
Consumers.
(IHub #68211, 2/4/05)
2003 Mar 12, CardFlash.com
coverage of Wave Systems and Smart Card PCs. NEC–Packard Bell
Features Wave Technology at CeBit. Wave and Trusted Logic
Demonstrate FINREAD Services Development Platform at CeBIT 2003
trade show.
(IHub #68211, 2/4/05)
2003 Mar 21, Wave Systems to
Host Q4 2002 Webcast/Conference Call, March 31st.
(IHub #68211, 2/4/05)
2003 Mar 24, - Wavexpress
Introduces French-Language Channel on TVTonic.
(IHub #68211, 2/4/05)
2003 Mar 27, Wave Systems and
TecSec Collaborate to Address Key Government Security Markets.
(IHub #68211, 2/4/05)
2003 Mar 28, Wave Systems and
National Semiconductor Approve Licensing Agreement on Hardware and
Software Solution for Trusted Computing Platforms.
(http://www.unclever.com/wavx/DD.htm)
2003 Mar 31, Wave Systems 4Q02
quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Mar 31, Peter Sprague
announced his resignation as a director of Wave Systems.
(IHub, #24522, 12/29/03)
2003 Apr 4, The Online Reporter
Cover Story: TVTonic Offers Alternative to Streaming Video: Cache
It.
(IHub #68211, 2/4/05)
2003 Apr 7, Nancy Sumrall at
RSA 2003 said "Intel is pleased to demonstrate Wave’s suite of
trusted services on TPM enabled Intel platforms. It is important
that the OEMs and the industry in general begin to deliver these TPM
based services which can interoperate amongst all of the secure
platforms that will be deployed over the next few years. Wave’s
insights in the development and delivery of these trusted services
are just the beginning of bringing a whole new level of value to the
PC platform," said Nancy Sumrall, safer computing initiative
manager, Desktop Platforms Group at Intel.
(IHUB, #30528, 2/18/04)
2003 Apr 8, AMD, HP, IBM, Intel
and Microsoft today announced the formation of a new industry group
dedicated to embedding trust and security more broadly into
computing platforms and devices. The Trusted Computing Group (TCG)
will work to create open standards that can be adopted for use in
products and solutions across the spectrum of computing, including
PCs, PDAs, servers and digital phones, to enable secure and trusted
computing that can protect data, privacy, and individual rights.
Wave joined TCG. There were only 11 companies initially invited to
TCG, WAVE, being one of them, of course.
(http://www.unclever.com/wavx/DD.htm)(IHub,
#24287, 12/26/03)
2003 Apr 10, Wave Systems
Announces Secure Services Support For IBM ThinkPad Notebooks and
NetVista Desktops, the Industry’s First Trust Infrastructure
Services for TCG Platforms Using EMBASSY® Trust Services to be
Demonstrated at RSA Conference 2003.
(http://www.unclever.com/wavx/DD.htm)
2003 Apr 30, Wave Systems
Completes $5.5 Million Financing.
(IHub #68211, 2/4/05)
2003 May 1, Wave Systems To
Demonstrate EMBASSY Trust Suite at the Windows Hardware Engineering
Conf.
(IHub #68211, 2/4/05)
2003 May 9, Wavexpress Launches
"TVTonic Direct™" - The Broadband DVD-Quality Content Delivery
Platform.
(IHub #68211, 2/4/05)
2003 May 12, Wavexpress
Licenses TVTonic Direct(TM) Broadband Technology to Golfspan.com for
Delivery of DVD.
(IHub #68211, 2/4/05)
2003 May 15, Wave Systems 1Q03
quarterly conference call.
(IHub, #22493, 12/11/03)
2003 May 21, MSNBC/Newsweek
coverage of the Howard Dean Channel using Wavexpress' TVTonic.
(IHub #68211, 2/4/05)
2003 May 27, After
extending the due date on the loan in 2002, WAVX approved a bonus
(to Feeney), "in an amount equal to Mr. Feeney's obligations with
respect to such loan and accrued interest," according to Wave's 2003
Schedule 14(a) proxy filing. Feeney repaid the loan with the funds
from the bonus." "Wave made a loan of $250,000 to the company's
chief financial officer, Gerard Feeney, in 2001 so he could pay
capital-gains taxes on exercised Wave stock options.
(IHub, #28955, 2/6/04)
2003 Jun 27, The Online
Reporter Interview with Peter Sprague.
(IHub #68211, 2/4/05)
2003 Jul 25, Wave closed at
$.86.
(IHub, #23649, 12/19/03)
2003 Jul 30, Wave Systems Corp.
and Cubic Defense Applications, the defense segment of Cubic
Corporation (AMEX:CUB), announced a strategic partnership where
Cubic will integrate Wave’s EMBASSY® technologies into a new
line of versatile smart card readers. These readers will be offered
in several form factors, such as standalone Universal Serial Bus
(USB) devices, trusted computer keyboards, and proximity door access
devices.
(IHub, #46 TCG, 2/15/04)
2003 Jul 31, Wave Systems
announced an agreement with Intel Corporation that will help enable
both companies to accelerate the development and deployment of
trusted applications and services for safer computing on personal
computer platforms.
(JV, IHub,
11/29/03)(http://www.unclever.com/wavx/DD.htm)
2003 Jul 31, After opening at
$1.03 on July 31 it closed at $2.25 the same day, and went on to
finish at a two-year high of $4.53 on Aug. 5.
(IHub, #23373, 12/19/03)
2003 Aug 1, Reuters News:
Security Underdog Wave Systems Wins Intel Pact.
(IHub #68211, 2/4/05)
2003 Aug 4, Wave Systems Corp.
announced that the new Document Manager Vault and SmartSignature
security software applications in Wave's EMBASSY® Trust Suite
client software family work with the IBM Embedded Security
Subsystem, a hardware and software-based security solution available
on select ThinkPad notebooks and ThinkCentre desktops, to create
more secure applications for the business user.
(IHUB, #32005, 2/27/04)
2003 Aug 4, Reuters said that
Wave Systems said it had agreed to a deal with IBM to embed its
software inside selected IBM notebook and desktop computers, marking
the latest in a string of deals for the tiny company. (corrected by
Reuters on Dec 19) "a deal with IBM in which its software would be
compatible with selected IBM notebook and desktop computers."
(IHub, #23431, 12/19/03)(Reuters, 8/4/03)(IHub,
#23685, 12/19/03)(Reuters, 12/19/03)
2003 Aug 4, Wave Systems'
stock, among the most actively traded and top percentage gainers on
Nasdaq, was up 28.8 percent, or $1.05 cents, at $4.70.
(IHub, #23416, 12/19/03)
2003 Aug 5, Wave Systems
reached a high of 5.24.
(IHub, #23463, 12/19/03)
2003 Aug 5, Wave Systems Has
Not Inked Deal With IBM. WAVX Wave Systems Corp. (WAVX) stated that
its security software is compatible with International Business
Machines Corp.'s (IBM) embedded security subsystem. (A story that
ran at 1:04 p.m. EDT incorrectly stated that Wave Systems has an
actual deal with IBM.)
(IHub, #23822, 12/21/03)
2003 Aug 5, Gerard T. Feeney,
WAVX CFO, sold 100,000 shares at $5 per share.
(http://biz.yahoo.com/t/83/355.html)
2003 Aug 5-6, Wave Systems has
received $3.6 million in cash, with $1 million of that coming as a
loan repayment from its former chair, Peter Sprague. The remainder
came from shareholders who exercised options to buy 1.189 million
shares at strike prices between $1.09 to $4.08 per share. CFO Gerard
Feeney sold 100,000 shares at $5, after receiving options with
150,000 underlying shares.
(IHub, #23472, 12/19/03)(IHub, #23681,
12/19/03)(IHub, #39585, 4/30/04)
2003 Aug 6, August 6, 2003 SKS
exercised and sold 150,000 options … exercised at an average of
$1.13, sold at an average price of $3.56. Among those exercising
options were CEO Steven Sprague, for 150,000 shares at a strike
price of $2.01. He sold all of the underlying shares. Sprague had
received options in 2002 with 252,500 underlying shares.
(IHub, #23472, 12/19/03)(IHub, #23681,
12/19/03)(IHub, #39585, 4/30/04)
2003 Aug 6, The share price of
Wave (WAVX) slumped by nearly 31%, a drop of $1.39 on the day, and
it's all being put down to a report by a US hack. According to Ellen
Sheng of Dow Jones Newswires, its auditor KPMG said that it was
doubtful it could continue as a going concern beyond the second
quarter of 2003.
(IHub, #23470, 12/19/03)
2003 Aug 7, Wave Systems said
it expected to receive $2.6 million from the exercise of share
options by current and former employees, and another $1 million owed
by Peter Sprague. The elder Sprague had been extended that amount in
loans by Wave's board of directors in 2001, but had defaulted on the
scheduled repayments.
(IHub, #23768, 12/21/03)(IHub, #39585, 4/30/04)
2003 Aug 8, Wave Systems 2Q03
quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Aug 8, Wave Systems
announced that Peter Sprague had repaid a loan of $1 million.
(IHub, #24522, 12/29/03)
2003 Aug 14, Wave Systems
Corp., a leader in delivering trusted computing applications and
services with advanced products, infrastructure and solutions across
multiple trusted platforms, today announced the EMBASSY® Trust
Suite of applications and services will be available for Atmel
Corporation’s Trusted Platform Module (AT97SC3201) technology and
software stack.
(IHub, #30351, 2/17/04)
2003 Aug 19, Wave Systems
Corp., announced it has joined the RSA Secured® Partner Program
to help provide trusted identity and access management between the
Wave's eSign Transaction Management Suite, (eTMS) and RSA Keon®
digital certificate management software.
(IHub, #24522, 2/15/04)
2003 Aug 19, Dir Sells 10,000
of WAVE SYSTEMS CORP issuer: WAVE SYSTEMS CORP. FILER: BUSHNELL
NOLAN K TITLE: Director Date Transaction shares price
value: 8/19/03 Exercise 10,000 @ $1.22 for $12,200; 8/19/03
Sale 10,000 @ $3.57 for $35,742. This left him with 42,000 WAVX
shares.
(IHub, #37748, 4/15/04)
2003 Aug 26, SmartMoney ran an
article by Scott Patterson on WAVX... "Then came news of a
software-bundling deal with Intel (INTC) and a partnership with IBM
(IBM) — twin events that caused Wave's stock to spike more than 500%
over the course of several days, reaching an intraday peak of $5.24
on Aug. 5..."
http://yahoo.smartmoney.com/onthestreet/index.cfm?story=20030826&afl=yahoo
(IHUB, #31356, 2/23/04)
2003 Sep 10, Wave to
Demonstrate EMBASSY® Trust Suite Services With the TCG Community
at the IDF.
(IHub #68211, 2/4/05)
2003 Oct 1, Mastery Media, Inc.
Contracts Wavexpress to Launch First-of-its-Kind "Edutainment" TV
Network Online.
(IHub #68211, 2/4/05)
2003 Oct 14, Intel patent #
6,633,981. Electronic system and method for controlling access
through user authentication.
(IHub, #20489, 11/24/03)
2003 Oct 22, Wave Systems Corp.
announced today that Wave’s bundled trusted applications and
services software security suite for safer computing is now
shipping.
(IHub, #24455, 12/28/03)
2003 Oct 29, Wave Systems
Introduces EMBASSY® Trust Suite Professional Edition.
(IHub #68211, 2/4/05)
2003 Nov 5, Wave Systems
Supports Industry Group Newly Released Trusted Platform Module
Specification To Enhance PC Security.
(IHub #68211, 2/4/05)
2003 Nov 11, Wave Demonstrates
Secure Financial Services Capabilities at FINREAD Seminars In the
U.S.
(IHub #68211, 2/4/05)
2003 Nov 13, Wave Systems 3Q03
quarterly conference call. The company reported net revenue from
development service and license contracts of $80,000, compared to
third-quarter 2002 revenue of $70,000. It reported a net loss to
common shareholders for the quarter of $8.3 million. Net revenue for
the first nine months was $130,000, compared to $393,000 in revenue
during the same period last year. The net loss to common
shareholders for the first nine months was $21 million, compared to
$33.6 million last year, Wave reported. The company said it had $6
million in cash, enough to fund operating, sales, marketing and
development activities until February.
(IHub, #22493, 12/11/03)(IHub, #23768, 12/21/03)
2003 Nov 13, Wave Systems
Demonstrates Advanced Secure E-Commerce Capabilities and Business
Productivity Software Solutions at Cartes Show in France.
(IHub #68211, 2/4/05)
2003 Nov 19, Wave completed
$7.1 million private placement financing with a group of
institutional and accredited investors.
(www.wave.com)
2003 Nov 24, Wave Systems To
Present Trusted Computing Strategy at Red Herring Fall 2003
Conference in Monterey, California.
(www.wave.com)
2003 Dec 1, Grantsdale chipset,
scheduled for release in the first half of 2004, will allow users to
run wireless networks from their PCs.
(IHub #21498, 12/1/03)
2003 Dec 2, NEXTBEND Licenses
Wavexpress Broadband Technology for New Media Delivery Products.
(IHub #68211, 2/4/05)
2003 Dec 3, Wave Systems to
Demonstrate Advanced Security and Business Productivity Solutions at
the Inside ID Conference.
(IHub #68211, 2/4/05)
2003 Dec 8, Seoul-based content
management company XMedia announced today that it has been selected
by CyberKAIST to provide technology for delivery of online
courseware. XMedia has chosen Wavexpress, majority owned by Wave
Systems Corp., as the technology platform provider to ensure secure
broadband distribution of the courseware. Wavexpress delivers
full-screen, DVD-quality digital content over broadband networks.
(IHub, #22213, 12/8/03)
2003 Dec 8-10, Wave Systems
Corp. demonstrated a range of Trusted Computing security and
business productivity solutions at the Inside ID Conference,
Washington, D.C.
(IHub, #21707, 12/3/03)
2003 Dec 15, UkrainaTV Licenses
Wavexpress - Sets Stage for U.S. Launch of Ukrainian Video Channel.
(IHub #68211, 2/4/05)
2003 Dec 17-18, SEC said it had
begun a formal probe of Wave Systems Corp., a maker of security
software. Wave said the Securities and Exchange Commission had
launched a formal investigation of the company. The probe by the
U.S. financial watchdog relates to certain public statements the
company made around August 2003, as well as certain trading in the
companies securities around this time.
(Reuters, 12/18/03)
2003 Dec 19, Wave Systems
closed at 1.50. Reuters issued correction of Aug 4 article.
Original: Reuters said Wave Systems said it had agreed to a deal
with IBM to embed its software inside selected IBM notebook and
desktop computers, marking the latest in a string of deals for the
tiny company. Corrected to: "a deal with IBM in which its software
would be compatible with selected IBM notebook and desktop
computers."
(IHub, #23431, 12/19/03)(Reuters, 8/4/03)(IHub,
#23685, 12/19/03)(Reuters, 12/19/03)
2004 Jan 14, Wave Systems
closed at 2.18.
(WSJ, 1/15/04)
2004 Jan 15, SSP Solutions,
Inc. (NasdaqNM:SSPX), a leading provider of identity and information
assurance products and services, today announced a strategic
partnership with HID Corporation, the premier manufacturer of
contactless access control readers and cards for the security
industry. Wave had about 3.9 million shares of SSPX.
(IHub, #26308, 1/15/04)(IHub, #26311, 1/15/04)
2004 Jan 23, Class-action suit
filed against WAVX by Marcello Trebitsch. News made public Feb 4.
(IHub, #28421, 2/5/04)
2004 Jan 26, Candy M. Sousa
signed a complaint form with Milberg Weiss against WAVX.
(IHub, #29002, 2/7/04)
2004 Feb 4, Milberg Weiss class
action suit against WAVX announced.
(IHub, #28316, 2/4/04)
2004 Feb 5, A third
class-action suit was filed by Charles J. Piven against WAVX: "on
behalf of shareholders who purchased, converted, exchanged or
otherwise acquired the common stock of Wave Systems Corporation
(NASDAQ: WAVX) between July 31, 2003 and February 2, 2004, inclusive
(the "Class Period")."
(IHub, #28654, 2/5/04)(IHub, #28667, 2/5/04)
2004 Feb 6, The number of
employees at WAVX is about 90.
(IHub, #28933, 2/6/04)
2004 Feb 7, Article by Bill
Carey on 3 suits against WAVX.
(IHub, #29006, 2/7/04)
2004 Feb 10, A class action
lawsuit was filed by Zimmerman, Levi & Korsinsky, LLP in the
United States District Court for the Southern District of New Jersey
on behalf of all purchasers of the securities of Wave Systems Corp.
between July 31, 2003 and December 18, 2003.
(IHub, #29534, 2/10/04)
2004 Feb 10, A securities class
action lawsuit was commenced in the United States District Court for
the District of Massachusetts on behalf of all persons who purchased
or acquired securities of Wave Systems Corporation. A copy of the
Complaint is available from the Court or from Bernstein Liebhard
& Lifshitz, LLP.
(IHub, #29603, 2/10/04)
2004 Feb 11, Notice is hereby
given that a class action lawsuit was filed in the United States
District Court for the District of Massachusetts on behalf of all
purchasers of the common stock of Wave Systems Corporation from July
31, 2003 through December 18, 2003, inclusive by the Law Firm of
Schiffrin & Barroway, LLP.
(IHub, #29639, 2/11/04)
2004 Feb 11,The Law Firm of
Cauley Geller Bowman & Rudman, LLP announced today that a class
action lawsuit has been filed in the United States District Court
for the District of Massachusetts on behalf of purchasers of Wave
Systems, Inc. common stock during the period between July 31, 2003
and December 18, 2003.
(IHub, #29668, 2/11/04)
2004 Feb 13, Wave Systems Corp.
announced its EMBASSY® Trust Suite software will be demonstrated
within the Trusted Computing Group (TCG) Community exhibition area,
Booth 152, at the Intel Developer Forum, February 17-19, at the
Moscone Convention Center, SF.
(IHub, #30213, 2/15/04)
2004 Feb 13, Lasky &
Rifkind, Ltd., a law firm with offices in New York and Chicago,
announces that a lawsuit has been filed in the United States
District Court for the District of Massachusetts, on behalf of
persons who purchased or otherwise acquired publicly traded
securities of Wave Systems Inc. between July 31, 2003 and December
18, 2003, inclusive.
(IHUB, #29970, 2/13/04)
2004 Feb 20, Wechsler Harwood
LLP today announced that it has filed a Federal Securities fraud
class action on behalf of persons or entities who purchased or
otherwise acquired the securities of Wave Systems Corporation (WAVX)
between July 31, 2003 through February 2, 2004, inclusive.
(IHUB, #30906, 2/20/04)
2004 Feb 23, Wave Systems Corp.
and NTRU today announced that they have teamed up to provide a
cross-platform software solution for trusted personal computers. The
secure software from the two companies is designed to work with
multiple-vendor Trusted Computing Group (TCG)-compliant security
chips now available for personal computers. By making available
multiple-security chip software from each company, PC OEMs and chip
manufacturers can have more options in the secure solutions they
provide to customers.
(IHUB, #31187, 2/23/04)
2004 Feb 23, Suit # 10:
Goodkind Labaton Rudoff & Sucharow LLP filed a class action
lawsuit on February 19, 2004 in the United States District Court for
the District of Massachusetts, on behalf of persons who purchased or
otherwise acquired publicly traded securities of Wave Systems
Corporation between July 31, 2003 and February 2, 2004, inclusive.
The lawsuit was filed against Wave, John E. Bagalay, Jr., Steven K.
Sprague and Gerard T. Feeney.
(IHUB, #31208, 2/23/04)
2004 Feb 23, Law Offices
Bernard M. Gross, P.C. announced that a class action lawsuit,
numbered 04cv 30037, was commenced in the United States District
Court for the District of Massachusetts, Springfield Division,
against defendants Wave Systems Corp. (WAVX) , Steven K. Sprague
(President & CEO), Gerald T. Feeney (COO) and John E. Bagalay,
Jr. PhD (Chairman of the Board) on behalf of all persons who
purchased the securities of Wave Systems Corporation between July
18, 2003 and December 18, 2003, seeking remedies under the
Securities Exchange Act of 1934.
(IHUB, #31332, 2/23/04)
2004 Feb 23-24, Three
derivative claims were filed against Wave systems. A motion to
consolidate the claims was filed 3/18/04.
Sachs v. Sprague, et al. (04-30037-MAP Filed
02/23/04);
Swanson v. Sprague, et al. (04-30038-KPN);
Harvey v. Sprague, et al. (04-30044-MAP Filed
02/24/04)
(IHub, #34605, 3/20/04)
2004 Feb 24, Wave Systems Corp.
today announced its EMBASSY(R) Trust Suite software will be
demonstrated at Booth 516 at the RSA Conference 2004, February
23-27, at the Moscone Convention Center, San Francisco.
(IHUB, #31434, 2/24/04)
2004 Feb 24, Stull, Stull &
Brody Announces Class Action against Wave Systems: Notice is hereby
given that a class action lawsuit was filed on February 23, 2004 in
the United States District Court for the District of Massachusetts,
on behalf of all persons who purchased common stock of Wave Systems
Corp. between July 31, 2003 and December 18, 2003, inclusive against
Wave Systems, Steven Sprague and Gerard T. Feeney.
(IHUB, #31534, 2/24/04)
2004 Feb 25, RSA Conference--
Computer Associates, DataPower Technology, Entrust, Hewlett-Packard,
Oblix, OpenNetwork, RSA Security, Sun Microsystems, and Others
Showcase Authentication and Authorization Standard at RSA
Conference. Eleven vendors teamed with the U.S. General Service
Administration (GSA) E-Gov E-Authentication Initiative to
demonstrate interoperability of the Security Assertion Markup
Language (SAML), an OASIS Standard for the exchange of
authentication and authorization information. For the first time
ever, members of the OASIS Security Services Technical Committee
demonstrated both types of SAML version 1.1 Single Sign-On, along
with additional scenarios that highlight SAML's flexibility.
(IHUB, #31711, 2/25/04)
2004 Feb 27, Wave Systems Corp.
announced its EMBASSY(R) Trust Suite software will be demonstrated
in Booth 311 at IBM PartnerWorld 2004, February 29 - March 3, at the
Mandalay Bay Resort Hotel and Convention Center, Las Vegas, NV.
(IHUB, #31991, 2/27/04)
2004 Mar 11, Wave Systems Corp.
reviewed corporate and industry developments over the past several
months and reported results for Q4 and year ended December 31, 2003.
For the fourth quarter ended December 31, 2003, Wave Systems
reported net revenue principally related to software license
contracts of $59,000, compared to revenue of $53,000 for the fourth
quarter ended December 31, 2002. For the fourth quarter of 2003,
Wave reported a net loss to common stockholders of $670,000, or
$0.01 per basic share. Among other items, Wave's fourth quarter
results include the benefit of a non-cash, unrealized holding gain
on trading securities of approximately $3.6 million.
(IHub, #33163, 3/11/04)
2004 Mar 29-Apr 13, Wave sold
six-hundred and fifty-five thousand (655,000) shares of SSP’s common
stock on the open market at prices ranging from $1.65 to $2.15 per
share.
(IHub, #37269, 4/3/04)
2004 Apr 5, Wave Features its
EMBASSY® Trust Suite at Microsoft Security Events
from April through June 2004 (schedule).
(IHub, #36708, 4/8/04)(IHub, #3719, 4/13/04)
2004 Apr 12, Microsoft reported
that it agreed to pay $440 million to settle a broad patent suit
with InterTrust. It covered the protection of digital content
against unauthorized copying.
(WSJ, 4/12/04, p.A3)
2004 Apr 13, WAVX shares climb
.81 to $2.14 on 14.6 million shares traded.
2004 Apr 14, Wavexpress, Inc.
today announced the latest release of its TVTonic(R) broadband
software, which is now compatible with Microsoft's Windows XP Media
Center Edition, the home entertainment version of Windows. The new
version of TVTonic integrates with the Media Center Remote and is
optimized for the livingroom viewing experience.
(IHub, #37362, 4/14/04)
2004 Apr 15, Wave Systems Corp.
announced today that it has filed a $25 million shelf Registration
Statement on Form S-3 with the Securities and Exchange Commission.
(IHub, #37547, 4/15/04)
2004 Apr 26,
Wave Systems Corp. today announced its EMBASSY(R) Trust Suite
software will be demonstrated in the Hewlett-Packard exhibition
area, Booth 450, at Infosecurity Europe 2004, April 27-29, at the
Grand Hall, Olympia, London.
(PR)
2004 Apr 29, The 2004 Annual
Meeting of Stockholders of Wave Systems Corp. will be held at 4 p.m.
on Monday, June 21, 2004 at The New York Helmsley Hotel, 212 East
42nd Street, New York, New York, for the following purposes.
(IHub, #39452, 4/29/04)
2004 May 4, Microsoft
executives confirmed that NGSCB will be canned. The project, dreamed
up with Intel in 2002, was once code-named Palladium. Microsoft
recommitted to releasing Longhorn, its next-generation Windows
client and server, into beta testing in 2005 even though its
chairman acknowledged that security concerns threaten his dream of
enabling seamless connectivity and Web services.
(IHub, #39974, #39976, 5/5/04)
2004 May 10, WAVX issued a
Prospectus to raise $25 million.
(IHub #40513, 5/10/04)
2004 May 13, Wave Systems
reported Q1 net revenue principally related to software license
contracts of $50,000, compared to revenue of $16,000 in the first
quarter ended March 31, 2003.
(IHub #40888, 5/13/04)
2004 Jun 9, Wave Systems to
Feature Trusted Computing Solutions at 2004 PKI/PKE Forum Focused on
Identity Management.
(IHub #68211, 2/4/05)
2004 Jun 11, The Comodo Group
(comodogroup.com), a provider of information security and related
services, announced on Thursday that it has been awarded an
Exceptional Grant Award by the UK government. Comodo joins IBM
(ibm.com), HP (hp.com), Fujitsu (fujitsu.com), Microsoft
(microsoft.com), Intel (intel.com) and AMD (amd.com) among others,
to form the Trusted Computing Group, a consortium to develop and
promote open standards for hardware-enabled secure computing and
security technologies. Comodo will focus on setting the architecture
and standards for secure input devices.
(IHub #43691, 6/13/04)
2004 Jun 16, Niveus Media, a
manufacturer of media entertainment devices for the consumer
electronics market, today announced that it will ship Wavexpress'
TVTonic broadband video application pre-installed on all Niveus AVX
Media Center PCs. Wavexpress is majority- owned by Wave Systems
Corp., a leader in trusted computing.
(IHub #44067, 6/16/04)
2004 Jun 21, Wave Systems Corp.
held its 2004 Annual Meeting of Stockholders at the New York
Helmsley Hotel.
(IHub #41921, 5/24/04)
2004 Jun 21, Wave Systems Corp.
announced today that the next version of Wave's trusted applications
and services software security suite, EMBASSY(R) Trust Suite 3.1, is
now shipping with Intel desktop board models D915GEV and D915GUX.
(IHub #44600, 6/21/04)
2004 Jun 30, Wave Systems
Trusted Platform Module Cryptographic Service Provider Allows
Developers to Address Broader Trusted Platform Module Market.
(IHub #68211, 2/4/05)
2004 Jul 8, Wave Systems Corp.
and SmartAxis SA today announced that SmartAxis will distribute
Wave's EMBASSY® Trust Suite (ETS) software and infrastructure to
enterprises interested in trusted computing solutions for personal
computer security. SmartAxis will distribute Wave's EMBASSY Trust
Suite software in Greece, Turkey, Cyprus and in Balkan countries.
(IHub #46562, 7/8/04)
2004 Jul 20, Wave Systems Corp.
and CSS Laboratories, Inc. today announced that CSS Laboratories
will offer Wave's EMBASSY® Trust Suite (ETS) software and
infrastructure to government and enterprises interested in secure
and trusted computing solutions.
(IHub #47810, 7/20/04)
2004 Jul 21, Wave Systems Corp.
and Envoy Data Corporation today announced that Envoy Data will
resell Wave's EMBASSY® Trust Suite (ETS) software and
infrastructure to enterprises and government interested in trusted
computing solutions for personal computer security.
(IHub #47972, 7/21/04)
2004 Jul 22, Wave Systems
Corp., a leading supplier of trusted computing products and
solutions, today announced it has joined the ARM® Connected
Community. As part of the ARM Connected Community, Wave will gain
access to a full range of resources to help it market innovative
solutions associated with the new ARM TrustZone(TM) technology that
will enable developers to get their ARM Powered® products to
market faster.
(IHub #48091, 7/22/04)
2004 Jul 27, thePlatform for
media, inc., a leading provider of software for broadcast and
broadband rich media content management, publishing, and reporting,
announced the integration of Wavexpress' WX broadband video
technology and thePlatform media publishing system(TM). Wavexpress
is majority-owned by Wave Systems Corp.
(IHub #48580, 7/27/04)
2004 Jul 29, Todito, a leading
Internet portal, ISP and ecommerce site for North American
Spanish-speakers, today announced the launch of Todito TV Premium,
an online service offering DVD-quality videos. Todito TV Premium is
an expansion of Todito's three-year-old online video service --now
called Todito TV Basic-- and uses the platform and player of
Wavexpress, a leading provider of broadband technology and services.
Wavexpress is majority-owned by Wave Systems Corp., a leader in
trusted computing.
(IHub #48827, 7/29/04)
2004 Aug 2, Wave Systems Corp.,
a developer of trusted computing solutions and services, announced
today that it has agreed upon a $3 million private placement of
Class A common stock with an accredited investor. The transaction is
being done under Wave Systems' $25 million shelf registration
statement which was declared effective by the Securities and
Exchange Commission on May 10, 2004. Pursuant to the financing, Wave
Systems agreed to sell approximately 3.5 million shares of Class A
common stock at a price of $0.85 per share. The transaction is
intended to fund Wave Systems' ongoing operations and general
corporate overhead.
(IHub #49075, 8/2/04)
2004 Aug 5, Wave Systems Corp.
(WAVX) announced today that on Thursday, August 12, 2004 at 4:30
P.M. EDT it will host a webcast/conference call reviewing recent
corporate and industry progress as well as Wave's results for the
second quarter ended June 30, 2004. Wave's results will be issued
after the market's close.
(IHub #49546, 8/5/04)
2004 Aug 12, Wave reported a
net loss to common stockholders of $4.3 million, or $0.06 per basic
share, for the second quarter of 2004, compared to a net loss to
common stockholders of $6.3 million, or $0.12 per basic share, in
the second quarter ended June 30, 2003. The weighted average number
of basic shares outstanding in the second quarters of 2004 and 2003,
was 67,363,000 and 52,096,000, respectively. For the second quarter
ended June 30, 2004, Wave Systems reported net revenue
principally related to OEM shipments of its EMBASSY(R) Trust Suite
(ETS) software of $6,000, compared to revenue of $34,000 in the
second quarter ended June 30, 2003. Second quarter revenue from ETS
shipments were roughly in line with levels achieved in the preceding
two quarters.
(IHub #50281, 8/12/04)
2004 Aug 26, Wave Systems Corp.
announced its EMBASSY(R) Trust Suite software will be demonstrated
August 31- September 2 at Booth 18 at the 2004 DOIM Conference,
co-sponsored by AFCEA International and the U.S. Army Directorate of
Information Management. The conference will be held at the Broward
County Convention Center, Ft. Lauderdale, FL.
(IHub #51803, 8/26/04)
2004 Aug 30, Wave Systems Corp.
today announced the availability of Key Transfer Manager Enterprise
Server AD, a server software solution designed to aid in the
protection and recovery of critical enterprise personal computer
data. Key Transfer Manager (KTM) Enterprise Server AD is designed to
address the IT manager's need to control the key archive and
recovery process when implementing an enterprise-wide security
solution using PCs conforming to the Trusted Computing Group (TCG)
standard.
(IHub #51988, 8/30/04)
2004 Aug 31, Wave Systems Corp.
today announced its EMBASSY(R) Trust Suite and EMBASSY(R) Trust
Server software will be demonstrated at IBM Partner Summit 2004,
August 31 – September 2, at the Science Park, Lindholmen, Goteborg,
Sweden.
(IHub #52106, 8/31/04)
2004 Sep 7, STMicroelectronics
(STM) announces the availability of its complete Trusted Computing
Group (TCG) 1.2 Solution -- the ST19WP18-TPM -- which is backward
compatible with ST's TCG 1.1b Solution. The new TCG 1.2 solution
features an integrated Core TCG Software Stack from NTRU
Cryptosystems, along with the Embassy Security Center and
Cryptographic Services Provider from Wave Systems as well as all
necessary BIOS and Windows(R) drivers.
(IHub #52389, 9/7/04)
2004 Sep 7, Wave Systems Corp.
announced today that the next version of Wave's secure enterprise
software, EMBASSY® Trust Suite (ETS) 4.0, is now available.
Components of ETS 4.0 are new or enhanced, including setting strong
security preferences for authentication and hardened data protection
tailored to business needs. Wave's ETS 4.0 is available in
Professional Edition and Enterprise Edition client packages, or in a
client/server package that includes the EMBASSY Trust Server - Key
Transfer Manager Enterprise Server AD 2.0.
(IHub #52397, 9/7/04)
2004 Sep 7, Wave Systems Corp.
(WAVX) today announced that it has licensed secure software to
STMicroelectronics (STM) for use in ST's Trusted Computing Group
(TCG) 1.2 Solution for trusted personal computers. The new solution,
which is backward compatible with the TCG 1.1b specification,
features an integrated Core TCG Software Stack along with Wave's
Embassy(R) Security Center and Cryptographic Services Provider
(CSP), as well as all necessary BIOS and Windows drivers.
(IHub #52421, 9/7/04)
2004 Sep 14, Wave Systems Corp.
received notification from The Nasdaq Stock Market indicating that
for the last 30 consecutive business days, the bid price of Wave's
common stock has closed below the minimum $1.00 per share
requirement for continued inclusion under Marketplace Rule
4450(b)(4).
(IHub #53530, 9/20/04)
2004 Sep 15, Wave Systems Corp.
(WAVX) announced its EMBASSY(R) Trust Suite and EMBASSY(R) Trust
Server software will be demonstrated September 20-22, 2004 at the
FBI ITEC 2004 Conference, Booth 51, at the Wyndham Palace Resort,
Lake Buena Vista, FL.
(IHub #52920, 9/15/04)
2004 Sep 16, Aggressive
investors should pay attention to Wave Systems Corporation, a
company that announced yesterday that its EMBASSY(R) Trust Suite and
EMBASSY(R) Trust Server software will be demonstrated September
20-22, 2004 at the FBI ITEC 2004 Conference at the Wyndham Palace
Resort, Lake Buena Vista, FL.
(IHub #53719, 9/21/04)
2004 Oct 18, Wave Systems Corp.
today announced it has signed an agreement with a la mode, inc., the
nation's largest developer of valuation workflow software, for a la
mode to offer a comprehensive solution for securely managing real
estate and mortgage transactions online.
(IHub #55394, 10/18/04)
2004 Oct 20, Wave Systems Corp.
announced that on Tuesday, October 26, 2004 at 4:30 P.M. EDT it will
host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave's results for the third quarter
ended September 30, 2004. Wave's results will be issued after the
market's close.
(IHub #55690, 10/21/04)
2004 Oct 24, Wave Systems Corp.
today announced it will demonstrate its client and server Trusted
Computing solutions at the Digital ID World 2004 conference October
25-28, at the Omni Interlocken Resort, Broomfield, CO.
(IHub #55932, 10/25/04)
2004 Oct 26, Wave Systems Corp.
today reported growth in new contract activity and reviewed its
results for its third quarter and nine months ended September 30,
2004. During the third quarter ended September 30, 2004, Wave
completed license contracts amounting to $340,000, to be recorded as
revenue over future periods. Wave's Q3 2004 net revenue was $44,000,
compared to revenue of $80,000 principally related to development
service contracts and license contracts in the third quarter ended
September 30, 2003. Wave concluded a revised agreement in September
to have its technology embedded in National Semiconductor's
Trusted Platform Module products that also include the new trusted
computing integrated solution, the IOKeeper(R) Trusted Platform
Module. As a part of the agreement Wave receives a license fee and a
per unit royalty.
(IHub #56080, 10/26/04)
2004 Oct 27, NTT DoCoMo, Inc.,
Intel Corporation and IBM released a security specification called
"Trusted Mobile Platform." The specification can help make advanced
mobile-commerce services such as electronic tickets and e-wallets
for online purchases more secure and help protect against viruses
and other software attacks.
(IHub #56401, 10/27/04)
2004 Oct 28, Wave Systems Corp.
will describe Trusted Computing hardware and software it jointly
developed with STMicroelectronics in a joint presentation at the
Cartes 2004 conference at the Paris-Nord Villepinte Exhibition
Centre, Paris at 16:45 on Wednesday November 3, 2004.
(IHub #56436, 10/28/04)
2004 Oct, TCP article.
http://www.epn-online.com/page/15671/should-your-computer-trust-you----an-insight-on-the-meaning-of-trusted-computing-platforms-leveraging-tpms.html
2004 Nov 15, Wave Systems Corp.
today announced its portfolio of trusted personal computer, server
and smart card reader products will be demonstrated November 16
through November 19 at the Department of Defense Public Key Enabling
(PKE) Technical Forum, Disney's Coronado Springs Resort, Orlando,
FL.
(IHub #57751, 11/15/04)
2004 Q1, The new Pentium 4
processors code-named Prescott to be released. Intel will build
LaGrande technology into chips beginning with the upcoming Prescott
CPU and support chipset. LaGrande technology will provide
capabilities such as protection of secure memory even from DMA
(direct memory access) engines. LaGrande is a security engine that
is built into Intel Prescott CPUs and chipsets, expected in the
second half of the year. It aims to protect a system's data in ways
software-based solutions currently can't offer. The technology will
isolate data by setting up "virtual vaults" in hardware that are
less vulnerable to viruses or hackers, while also separating
applications so contaminations can't be spread from one software
program to another.
(IHub #20416, 11/24/03)(IHub #22133, 12/7/03)
2004 Dec 14, Wave Systems Corp.
and Envoy Data Corporation amended the Authorized Distributor
Agreement, dated as of June 29, 2004 (the "Agreement"). The
amendment to the Agreement makes Wave's EMBASSY® Trust Suite
Enterprise Security, Dell Edition 1.0 software available for
distribution to Dell Inc. by Envoy. The Software will then be an
option for purchase with Dell personal computers enabled with
security hardware at a retail price of $19.99. Pursuant to the
amendment to the Agreement, Wave will receive the remaining portion
of the $19.99 retail price after deducting distribution costs. The
amendment to the Agreement does not provide for any minimum or
maximum guaranteed quantities.
(IHub #60077, 12/14/04)
2004 Dec 16, Wave Systems Corp.
today announced it has received an order from the United States
Military Academy's Information Technology Operations Center for Wave
to provide information technology products associated with the
academy's Secure Content Dissemination and Data Retrieval Computer
System project.
(IHub #60572, 12/16/04)
2004 Dec 17, Wave Systems
Corp., a developer of trusted computing solutions and services,
announced today that it has agreed upon an issuance of approximately
$5.8 million of Class A common stock with accredited investors. The
transaction is being done under Wave Systems' $25 million shelf
registration statement which was declared effective by the
Securities and Exchange Commission on May 10, 2004. Pursuant to the
financing, Wave Systems agreed to sell 5,484,790 shares of Class A
common stock at a price of $1.05 per share. The transaction is
anticipated to close today and is intended to fund Wave Systems'
ongoing operations and general corporate overhead. Pursuant to the
order, Wave will receive approximately $80,000 within thirty days.
(IHub #60802, 12/17/04)(IHub #61621, 12/20/04)
2004 Dec 29, Wave Systems Corp.
received notification from The Nasdaq Stock Market indicating that
it has regained compliance with listing requirements. On September
14, 2004, Wave received notification from Nasdaq indicating that its
common stock failed to maintain a minimum bid price of $1.00 over
the previous 30 consecutive business days as required by the
Marketplace Rules of Nasdaq. Since then, the closing bid price of
Wave’s common stock has been at $1.00 per share or greater for at
least 10 consecutive business days. Accordingly, Wave has regained
compliance with the Marketplace Rule 4450(b)(4) and this matter is
now closed.
(IHub #62760, 12/29/04)
2004 FiXs, based in Fairfax,
Virginia, was formed to pilot a federated identity transaction model
and was incorporated as a not-for-profit corporation.
(www.fixs.org/)
2005 Jan 6, Wavexpress, Inc.
today announced that it plans to offer their Wavexpress TVTonic
video service to Media Center PC users via Microsoft's Online
Spotlight. Online Spotlight is a selection of featured services
within Microsoft Windows XP Media Center Edition 2005 that offers
Media Center PC users a fast, simple way to access compatible
services directly from the main navigation screen of Media Center
Edition 2005. Wavexpress specializes in the delivery of full-screen,
DVD-quality digital content over broadband networks. The company is
majority-owned by Wave Systems Corp.
(IHub #63877, 1/6/05)
2005 Jan 13, Wave Systems Corp.
and Operational Research Consultants, Inc., a wholly owned
subsidiary of WidePoint Corporation, announced today a strategic
partnership to jointly market trusted computing and certified
credentialing to provide identity management solutions to federal,
state and local governments. The partnership agreement combines
ORC's federal government authorized External Certificate Authority
(ECA) and Access Certificates for Electronic Services (ACES)
capabilities with Wave's EMBASSY(R) Trust Suite technology for use
with federal compliant public key infrastructures.
(IHub #64934, 1/13/05)
2005 Jan 20, Wave Systems Corp.
announced that Groupement des Cartes Bancaires, "CB", the French
banking authority for payment systems involving bank cards and
terminals, will use Wave's secure software development tools to
evaluate the potential of Trusted Computing Group (TCG)-compliant
computing solutions. The tools are designed to simplify the
development process associated with creating TCG-compliant
applications.
(IHub #65650, 1/20/05)
2005 Feb 1, Wave Systems Corp.
ETS Enterprise Security Dell Edition 1.0 was made available for
purchase on the Dell Inc. web site, www.Dell.com. Pursuant to an
amendment to the Authorized Distributor Agreement with Envoy Data
Corporation, dated December 14, 2004, Wave’s software is now
available for purchase via www.Dell.com and is compatible with Dell
personal computers enabled with Trusted Platform Module security
hardware. Wave’s ETS software is designed to deliver strong
authentication, secure wireless authentication, secure email,
digital signature, data protection and the management of security
credentials, for enterprise compliance, government and individual
applications.
(IHub #67269, 2/1/05)
2005 Feb 6, Wavexpress, Inc.
today announced that it plans to offer their Wavexpress TVTonic
video service to Media Center PC users via Microsoft's Online
Spotlight. Online Spotlight is a selection of featured services
within Microsoft Windows XP Media Center Edition 2005 that offers
Media Center PC users a fast, simple way to access compatible
services directly from the main navigation screen of Media Center
Edition 2005. Wavexpress specializes in the delivery of full-screen,
DVD-quality digital content over broadband networks. The company is
majority-owned by Wave Systems Corp., a leader in trusted computing.
(IHub #68971, 2/10/05)
2005 Feb 14, Wave Systems Corp.
announced that Lark Allen, executive vice president, business
development, will present "Trusted Computing, Identity Management
and Web Services, the Next Generation of the Internet", Session
IAM-101 of the Identity and Access Management Track at the RSA 2005
Conference at the Moscone Center, San Francisco, CA. Allen's
presentation, sponsored by the Trusted Computing Group, will be on
Feb. 15 at 2:00pm in the Esplanage Room in the South Hall. Allen's
presentation will show how trusted computing, using
industry-standard security chip technology to defend the computing
platform against software-based attacks, promises to make the
internet safer terrain for enterprises, government and individuals
ready to engage in high value digital transactions.
(IHub #69417, 2/14/05)
2005 Feb 15, Wave Systems Corp.
today announced it will demonstrate its secure software, EMBASSY
Trust Suite (ETS), which now provides features including policy
management, and management tools to enable hardware security in
applications such as email and wireless authentication.
Demonstrations of Wave's ETS, including these new features, will be
held at Booth 421, the RSA Conference 2005, February 15-18, at the
Moscone Convention Center, San Francisco. Wave's ETS capabilities
will also be demonstrated at the Trusted Computing Group (TCG)
booth.
(IHub #69556, 2/15/05)
2005 Feb 22, Wave Systems Corp.
and Sonex Infrastructure Solutions Group today announced that Sonex
ISG will distribute Wave's EMBASSY(R) Trust Suite (ETS) software and
infrastructure to enterprises interested in trusted computing
solutions for personal computer security. Sonex ISG will distribute
Wave's EMBASSY Trust Suite software in Lithuania, Latvia and Estonia
in eastern Europe. International group Sonex ISG consists of IT
infrastructure and PC manufacturing companies "Sonex Kompiuteriai"
(Lithuania), "Sonex Riga" (Latvia) and "Sonex Computers" (Estonia).
Sonex ISG will host a press conference and customer seminar today in
Vilnius at the Business Center Forum Palace to describe the
distribution partnership and the trusted computing market
opportunity.
(IHub #70515, 2/22/05)
2005 Feb 24, Lord Nigel on
YayaPapaDoc and Wavoids.
(http://lord_nigel.typepad.com/my_weblog/2005/02/wavoids_on_para.html)
2005 Feb 25, Wave Systems Corp.
announced today that its president and CEO, Steven Sprague, and its
CFO, Gerard Feeney, will provide an overview of Wave and its
progress in deploying trusted computing software and services at The
Wall Street Analyst Forum investor conference on Tuesday, March 1st
at 8:20 a.m. The conference, which is for institutional investors
and analysts, will be held in New York City at the Roosevelt Hotel
at Madison Avenue and 45th Street. Those interested in Wave's
conference presentation may access a live audio webcast of the
presentation along with a copy of its PowerPoint presentation from
Wave's website at http://www.wave.com. Please allow 15 minutes to
register, download and install any necessary software. Following
Wave's presentation, an audio replay will be available for
approximately 30 days.
(IHub #71031, 2/25/05)
2005 Mar 1, Wave Systems Corp.
today announced that demonstrations of its secure software, EMBASSY
Trust Suite (ETS), will be held at the Intel Developer Forum, March
1-3, at the Moscone Convention Center, San Francisco.
(IHub #71497, 3/1/05)
2005 Mar 1, Seagate Technology
and Wave Systems Corp. are demonstrating new hardware-based data
protection capabilities in trusted computing platforms as part of
the Intel Digital Office Community at the Intel Developers Forum,
March 1-3, Moscone Center, San Francisco, California.
(IHub #71632, 3/1/05)
2005 Mar 9, Wave Systems Corp.
announced its EMBASSY® Trust Suite (ETS) software for trusted
computing will be demonstrated at the Giesecke & Devrient
(G&D) booth at the CeBIT 2005 trade show, March 10-16, 2005. At
CeBIT 2005, Wave will highlight the newest trusted computing
capabilities of its ETS software, including policy management, and
management tools to enable hardware security in applications such as
email and wireless authentication. Wave has designed its ETS
software to be easy to use, to be interoperable across all available
platforms and security chip vendors, and to offer server solution
upgrades needed by enterprises and government users.
(IHub #72549, 3/9/05)
2005 Mar 9, Wave Systems Corp.
WAVX announced today that on Tuesday, March 15, 2005 at 4:30 P.M.
EST it will host a webcast/conference call reviewing recent
corporate and industry progress as well as Wave's results for the
fourth quarter ended December 31, 2004. Wave's results will be
issued after the market's close. WEBCAST/REPLAY: available at
http://www.wave.com and archived for 30 days. TELEPHONE: via
212-271-4563 or 415-537-1870. Please call five minutes in advance.
(IHub #72565, 3/9/05)
2005 Mar 10, Wavexpress, a
provider of broadband technology and services, majority-owned by
Wave Systems Corp., today announced that Quadra Media LA, a content
delivery platform that aggregates Spanish language video content
from various sources and then distributes the content via the
Internet to broadband enabled end-users within the Americas, has
licensed TVTonic Direct.
(IHub #72723, 3/10/05)
2005 Mar 15, Wave Systems Corp.
today reviewed recent corporate progress and reported results for
its fourth quarter (Q4) and year ended December 31, 2004. Wave's Q4
2004 net revenue related to technology licensing and related support
services was $108,000, compared to Q4 2003 net revenue of $59,000.
Reflecting ongoing management of sales, marketing, administrative
and R&D expenses, Wave reported a net loss to common
stockholders of $3.0 million, or $0.04 per basic share, for the
fourth quarter of 2004, compared to a net loss to common
stockholders of $4.3 million, or $0.07 per basic share, in Q4 2003.
The weighted average number of basic shares outstanding in the
fourth quarters of 2004 and 2003, was 71,793,000 and 65,203,000,
respectively.
(IHub #73506, 3/15/05)
2005 Mar 16, Wave Systems
Corp., a developer of trusted computing solutions and services,
announced today that it has agreed upon an issuance of approximately
$4.1 million of Class A common stock with accredited investors. The
transaction is being done under Wave Systems' $25 million shelf
registration statement which was declared effective by the
Securities and Exchange Commission on May 10, 2004. Pursuant to the
financing, Wave Systems agreed to sell 4,659,090 shares of Class A
common stock at a price of $0.88 per share. The transaction is
anticipated to close today and is intended to fund Wave Systems'
ongoing operations and general corporate overhead.
(IHub #73727, 3/16/05)
2005 Mar 29, Wave Systems Corp.
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 Dutton Associates Small Cap conference on Tuesday,
April 5th at 9:06 a.m. PST. The conference, which is for investment
professionals, will be held at The Four Seasons Hotel in San
Francisco, CA.
(IHub #75149, 3/29/05)
2005 Apr 4, Wave Systems
announced that Steve Sprague, CEO, is scheduled to present at the
Dutton Associates Small-Cap Conference at the Four Seasons Hotel
located in downtown San Francisco, California, on Tuesday, April 5,
2005. Wave Systems is scheduled to present three times, at 9:06,
2:00 and 4:00 PST at the conference. The morning presentation will
be broadcast, with a link for use either at www.jmdutton.com or on
the company's website.
(IHub #75706, 4/4/05)
2005 Apr 12, Giesecke &
Devrient (G&D) and Wave Systems Corp. have formed a strategic
alliance to offer an enhanced security solution to address the
trusted computing market. The G&D-Wave Systems collaboration
will address the organizations' joint development activities in the
fields of smart card technology and trusted computing software.
(IHub #76483, 4/12/05)
2005 Apr 13, Notice is hereby
give that the 2005 Annual Meeting of Stockholders of Wave Systems
Corp. (the "Company") will be held at 4 p.m. on Monday, May 23, 2005
at The New York Helmsley Hotel, 212 East 42nd Street, New York, New
York.
(IHub #76778, 4/13/05)
2005 Apr 15, April 15, 2005
Wave Systems Corp. today announced its portfolio of trusted computer
products will be demonstrated April 19-20 at the Department of
Defense Identity Protection and Management Conference, Disney's
Coronado Springs Resort, Orlando, FL.
(IHub #77082, 4/15/05)
2005 Apr 18, Wave Systems Corp.
today announced that Steven Sprague, president and CEO, will present
"Trusted Computing Today in an Identity Protection and Management
Domain" at the Department of Defense Identity Protection and
Management Conference, Orlando, FL. The presentation will be held on
Wednesday, April 20, at 8 a.m.
(IHub #77386, 4/18/05)
2005 Apr 25, In its Version
3.0, Revision Draft 0.51, dated April 25, 2005, Microsoft has
required TPM version 1.2 in its draft Longhorn operating system
hardware requirements for logo compliance for "Gold" level business
PCs. Wave believes that a significant percentage of the
approximately 150 million-unit PC market will include TPMs by
December 2006, which is Microsoft's stated launch date for Longhorn.
(http://biz.yahoo.com/e/050510/wavx10-q.html)
2005 Apr 26, Wave Systems Corp.
today announced the availability of EMBASSY(R) Trust Suite (ETS) 4.3
security software, which is designed to support the next generation
security chip hardware being released by the global silicon chip
manufacturers for use in trusted personal computers. Wave's ETS 4.3
software is in evaluation with security chip vendors and PC original
equipment manufacturers (OEMs) and commercial shipments are expected
to be made in the early summer.
(IHub #78586, 4/26/05)
2005 Apr 29, Wave Systems Corp.
received notification from The Nasdaq Stock Market indicating that
for the last 30 consecutive business days, the bid price of Wave’s
common stock has closed below the minimum $1.00 per share
requirement for continued inclusion under Marketplace Rule
4450(b)(4) (the “Rule”). The Nasdaq notice indicated that in
accordance with Marketplace Rule 4450(e)(2), Wave will be provided
180 calendar days, or until October 25, 2005, to regain compliance
by having its shares close above $1.00 for a minimum of 10
consecutive trading days.
(IHub #79238, 4/29/05)
2005 May 2, Wave Systems Corp.
(WAVX) announced today that on Tuesday May 10, 2005 at 4:30 P.M. EDT
it will host a webcast/conference call reviewing recent corporate
and industry progress as well as Wave's results for the first
quarter ended March 31, 2005. Wave's results will be issued after
the market's close.
(IHub #79368, 5/2/05)
2005 May 10, Wave Systems Corp.
today reviewed recent corporate progress and reported results for
its first quarter (Q1) ended March 31, 2005. Wave's Q1 2005 net
revenue rose to $78,000, compared to Q1 2004 net revenue of $50,000,
principally due to an increase in software license revenue. Wave
reported a net loss of $4.5 million, or $0.06 per basic share, for
the first quarter of 2005, compared to a net loss to common
stockholders of $3.4 million, or $0.05 per basic share, in Q1 2004.
The year-ago first quarter included the benefit of a gain on sale of
marketable securities amounting to $1.2 million. Excluding the gain,
Wave would have continued its trend of reduced year-over-year net
losses. The weighted average number of basic shares outstanding in
the first quarters of 2005 and 2004, was 77,212,000 and 67,338,000,
respectively.
(IHub #80550, 5/10/05)
2005 May 13, Wave Systems Corp.
(WAVX) 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.
(IHub #81376, 5/13/05)
2005 May 17, Dutton Associates
initiates coverage of Wave Systems with a Strong Speculative Buy
rating and a $2 price target. The 18-page report by Dutton senior
analyst David P. Soetebier, CFA is available at www.jmdutton.com as
well as from First Call, Bloomberg, Zacks, Multex, and other leading
financial portals.
(IHub #81630, 5/17/05)
2005 May 24, Wave Systems Corp.
(NASDAQ:WAVX) today announced that Steven Sprague, president and
CEO, will present "Security Solutions Using Trusted Computing Group
('TCG') Technology" as a part of a seminar on "Trusted Computing:
How to Make Your Systems and Data Truly Secure," on Thursday, May
26, from 8:30 a.m. to 11:30 a.m. at the Government Security Expo
& Conference 2005 at the Washington Convention Center in
Washington, D.C. Sprague's presentation will begin at approximately
9:45 a.m.
(IHub #82380, 5/24/05)
2005 May 26, Wave Systems Corp.
announced today that the next version of Wave's trusted applications
and services software security suite, EMBASSY® Trust Suite 4.3,
is shipping with the new Intel® 945 Express Chipset-based Intel
Desktop Boards D945GNTLKR, D945GTPLKR and D945GCZLKR for trusted
personal computers.
(IHub #82787, 5/26/05)
2005 Jun 1, Wave Systems Corp.
announced that the next version of Wave's trusted applications and
services software security suite, EMBASSY TrustSuite 4.3, is
shipping with the new Intel (NYSE: INTC) 945 Express Chipset-based
Intel Desktop Boards D945GNTLKR, D945GTPLKR and D945GCZLKR for
trusted personal computers. The Intel motherboards are the first
deployments of Wave’s 4.3 version software with ST Microelectronics
trusted platform modules (TPMs) supporting 1.2 TPM specifications.
Wave’s EMBASSY Trust Suite (ETS) 4.3 software is designed to support
the next generation security chip hardware, called Trusted Platform
Module (TPM) 1.2. With the 1.2 TPM chip now available from ST
Microelectronics and Wave’s EMBASSY Trust Suite 4.3 software
available we believe we could see the beginning of an acceleration
in trusted computing deployment. The Wave shares are rated “Strong
Speculative Buy” with a 12-month target of $2.00.
(IHub #63641, 6/1/05)
2005 Jun 3, Wave Systems Corp.
announced today that its EMBASSY(R) Security Center and
Cryptographic Service Provider software applications are included
with the new Dell Precision(TM) 380 workstation and OptiPlex(TM)
GX620 corporate desktop.
(IHub #83752, 6/3/05)
2005 Jun 14, Wave Systems Corp.
has announced that it is extending its EMBASSY® Trust Suite
software products to support the new Seagate Momentus 5400 FDE hard
drives with hardware-based Full Disc Encryption technology. Seagate
and Wave have worked together to ensure complementary technologies
that address new market opportunities for security and data
protection in the trusted computing market.
(IHub #84809, 6/14/05)
2005 Jun 28, Wave Systems EMBASSY(R) Trust Suite
Secure Software for Trusted Computing enables TPM to Help Plug
Security Breaches Issue:
The Federal Deposit Insurance Corporation (FDIC)
on June 27, 2005 issued a supplement to a study that discusses a
variety of new technologies that could be used to make Internet
banking more secure. One technology highlighted is the Trusted
Platform Module (TPM) security chip now available on personal
computers. In a news release discussing this supplement yesterday,
Don Powell, FDIC chairman said, "Identity theft, particularly
account hijacking, continues to grow as a problem for the financial
services industry and for consumers.
(IHub #86020, 6/28/05)
2005 Jun 30, Wave Systems Corp.
today announced its wholly-owned eSign Systems group has signed an
agreement to provide Efficient Forms, Inc., with electronic
signature and document management solutions for its iForms Suite of
products. The partnership products will first be applied to
improving the transaction efficiency of financial services and
brokerage operations.
(IHub #86265, 6/30/05)
2005 Jul 11, Wave Systems Corp.
today announced that one of its partners has reported that is has
shipped more than one million copies of Wave's EMBASSY® secure
software technology. Specifically, STMicroelectronics announced
today volume production of the ST19WP18 Trusted Platform Module
(TPM), and confirmed that more than one million of the TCG (Trusted
Computing Group) 1.2 devices have already been delivered in Q2 2005
to a number of major PC motherboard makers across the world.
Embedded in a personal computer, a TPM increases security by
enabling authentication of both the PC and its user, as well as
providing secure storage for critical data and passwords.
(IHub #87031, 7/11/05)
2005 Jul 29, Atmel Corporation,
a global leader in the development and fabrication of advanced
semiconductor solutions, and Wave Systems Corp. today announced a
licensing agreement providing secure software for the Atmel
AT97SC32xx family of Trusted Platform Module (TPM) ICs.
(IHub #88876, 7/29/05)
2005 Aug 2, Wave Systems Corp.
announced that it has received a Notice of Exercise from the holder
of Wave's Series A Common Stock Purchase Warrants to purchase
2,000,000 shares of Wave's Class A Common Stock at an exercise price
of $1.13 per share. The warrant exercise is expected to generate
$2,260,000 in gross proceeds to Wave. The warrants were issued in
conjunction with a $3.0 million private placement completed in July
2004. Wave anticipates receipt of the warrant exercise proceeds
later today.
(IHub #89338, 8/2/05)
2005 Aug 2, Wave Systems Corp.
announced today that on Tuesday, August 9th at 4:30 P.M. EDT it will
host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave's results for the second quarter
ended June 30, 2005. Wave's results will be issued after the
market's close. WEBCAST/REPLAY: available at http://www.wave.com and
archived for 30 days.
TELEPHONE: via 212-748-2815 or 415-908-4750.
Please call five minutes in advance.
(IHub #89489, 8/2/05)
2005 Aug 8, Wave Systems Corp.,
a developer of trusted computing solutions and services, announced
today that it has agreed upon an issuance of $3.6 million of Class A
common stock with accredited investors. The transaction is being
done under Wave Systems' $25 million shelf registration statement
which was declared effective by the Securities and Exchange
Commission on May 10, 2004. Pursuant to the financing, Wave Systems
agreed to sell 4,000,000 shares of Class A common stock at a price
of $0.90 per share. The transaction is anticipated to close today
and is intended to fund Wave Systems' ongoing operations and general
corporate overhead.
(AP, 8/8/05)
2005 Aug 22, Wave Systems Corp.
today announced its EMBASSY(R) Trust Suite solutions will be
demonstrated August 23-25 at Booth 1540 at the 2005 DOIM Conference,
co-sponsored by AFCEA International and the U.S. Army Directorate of
Information Management. The conference will be held at the Broward
County Convention Center, Ft. Lauderdale, FL.
(IHub #92492, 8/22/05)
2005 Aug 23, Wave Systems Corp.
announced today that its EMBASSY(R) Trust Suite (ETS) client
software and server products will be demonstrated at the Intel
Developer Forum, Intel Booth 943, August 23-25, Moscone Center West,
San Francisco. Features to be demonstrated include biometric
authentication, smart card authentication, password authentication
and machine authentication of a user's personal computer to an
enterprise server. Wave has designed these trusted computing
solutions to give IT administrators more flexibility and increased
options in managing corporate and government data networks.
(IHub #92595, 8/23/05)
2005 Sep 8, Steven Sprague,
president and CEO of Wave Systems Corp., will be a guest on the
Computer America radio show on the Business Talk Radio Network aired
nationally on Friday, September 9 from 10:00 PM to 11:00 PM. He will
be interviewed by Carey Holzman and Craig Crossman, both nationally
known business and high-tech journalists.
(IHub #94208, 9/8/05)
2005 Sep 26, Wave Systems Corp.
announced today that the next version of Wave's secure software
platform, Embassy Trust Suite 5.0 and the Embassy Enterprise
Authentication Server, is now available for trusted computing for
business and government applications. New and improved trusted
computing features include network policy management, data
protection, biometric authentication, smart card authentication,
password authentication and machine authentication of a user's
personal computer to a server.
(IHub #95750, 9/26/05)
2005 Oct 14, Wavexpress, Inc.
today announced version 3.0 of its TVTonic broadband video
entertainment service for PCs running Microsoft Windows XP Media
Center 2005. Wavexpress TVTonic gives Media Center PC users access
to high quality cached video delivered through the Internet. Now
with version 3.0, users can subscribe to any video feed publicly
syndicated through the popular RSS format. Wavexpress TVTonic is
available via the Microsoft Windows XP Media Center Edition 2005
Online Spotlight feature. Online Spotlight is an on-demand component
of Media Center that provides a convenient, central location where
consumers can discover and enjoy the latest online services and
software designed for Windows XP Media Center Edition.
(IHub #97839, 10/14/05)
2005 Oct 24, Wave Systems Corp.
announced today that it has expanded its product line of electronic
signature and document process management solutions with the
introduction of the SmartSignature Server, a new modular component
of the eSign Transaction Management Suite (eTMS). Wave's eSign
Transaction Management Suite is designed to enable organizations to
manage business processes and transactions entirely online, enabling
automation of business policy compliance and reduce the need for
time-consuming and costly traditional ink signatures and paper
storage, or expensive traditional delivery services.
(IHub #98895, 10/24/05)
2005 Nov 3, Wave Systems Corp.
announced today that on Wednesday, November 9th at 4:30 P.M. EST it
will host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave's results for the third quarter
ended September 30, 2005. Wave's results will be issued after the
market's close.
(IHub #100087, 11/3/05)
2005 Nov 4, Lee-based Wave
Systems Corp., a company that offers secure applications for
hardware-based digital security platforms, reports it was notified
Oct. 26 that its stock has sunk below $1 for 30 straight days, in
violation of minimum bid price rules set by the Nasdaq Stock Market.
(IHub #100235, 11/4/05)
2005 Nov 8, Wave Systems Corp.
announced today that it is demonstrating its Embassy secure software
technologies featuring strong authentication capabilities at the
Department of Defense Public Key Enabling (DoD PKE) trade show at
the Atlanta Hilton, Atlanta, Georgia, today and tomorrow. The
conference focuses on enabling federal system administrators,
workgroup managers, and users to get the most out of Public Key
Infrastructure, featuring demonstrations, hands-on training
sessions, and opportunities to interact with DoD and industry
experts.
(IHub #100525, 11/8/05)
2005 Nov 9, Members of the
Trusted Computing Group have elected representatives from Infineon,
Seagate Technologies and Wave Systems to the organization's board of
directors for a one-year term. Trusted Computing Group (TCG) is an
open industry standards organization whose specifications help
vendors build products that let users protect critical data and
information across a variety of devices and platforms.
(IHub #100662, 11/9/05)
2005 Nov 9, Wave's Q3 2005 net
revenue rose to $335,000, compared to Q3 2004 net revenue of $44,000
and an increase of 30 percent compared to Q2 2005 net revenues of
$258,000, principally due to higher royalties related to increased
shipments of Wave's OEM customers' products that include Wave
software and technology. Wave reported a net loss of $4.4 million,
or $0.05 per basic share, for the third quarter of 2005, compared to
a net loss of $3.8 million, or $0.05 per basic share, in Q3 2004.
The year-ago third quarter included the benefit of a $514,000 gain
on the sale of marketable securities and a $283,000 benefit
reflecting a decrease in the value of Wave's liability for
outstanding warrants containing cash settlement features. The
weighted average number of basic shares outstanding in the third
quarters of 2005 and 2004 was 85,100,000 and 69,633,000,
respectively.
(IHub #100733, 11/9/05)
2005 Nov 14, Wave Systems Corp.
will demonstrate at the Cartes IT Security trade show, November
15-17, Exhibition Centre, Paris Nord Villepinte, a Trusted Computing
Group (TCG) compliant secure on-line payment capability developed by
Groupement des Cartes Bancaires (CB). At the STMicroelectronics
booth, Hall 3E 014, Wave Systems will demonstrate a trusted
computing-based secure internet payment process that authenticates a
payment card user to the bank, using Wave software development tools
and server infrastructure. This demonstration is a proof of concept
on how a potential customer using a home PC can do an on-line
e-commerce transaction securely.
(IHub #101261, 11/14/05)
2005 Nov 14, Wave Systems Corp.
("Wave") signed a license agreement with Dell Inc. ("the OEM") that
permits the distribution of a custom version of Wave's Embassy®
Trust Suite security software technology on all of the OEM's
business PCs equipped with trusted computing security chips known as
Trusted Platform Modules (TPMs). Wave will receive a per-unit
royalty based on the OEM's shipment volumes of products equipped
with the custom Embassy technology. However, the contract does not
provide for guaranteed minimum or maximum shipped quantities or
royalties. An expanded and more powerful suite of trusted computing
software, the Wave ETS Enterprise Security, Dell Edition version
2.0, offering enhanced security management as well as improved data
protection, will continue to be available to customers as a purchase
option from the OEM.
(IHub #101989, 11/21/05)
2005 Nov 15, Wave Systems Corp.
will present at the 28th Annual Westergaard SmallCap Conference
hosted by Paulson Investment Company, Inc. and Dutton Associates.
The conference will take place at the Waldorf-Astoria Hotel in New
York City on Monday, November 21st. Wave CEO, Steven Sprague, and
Wave's CFO, Gerard Feeney, will make four separate 25-minute
overview presentations to small groups of investment professionals
at 9:40 a.m. and 11:25 a.m. during the morning and at 3:15 p.m. and
4:25 p.m. during the afternoon session. For registration and other
conference information, visit www.westergaardsmallcap.com.
(IHub #36044, 11/15/05)
2005 Nov 21, Wave Systems Corp.
said it signed a license agreement with computer systems maker and
seller Dell Inc. The Lee, Mass., company said in a regulatory filing
with the Securities and Exchange Commission that the agreement
allows the distribution of its Embassy Trust Suite security software
technology on all of Dell's business personal computers equipped
with trusted computing security chips known as trusted platform
modules.
(IHub #102072, 11/21/05)
2005 Dec 5, Wave Systems Corp.,
a developer of trusted computing solutions and services, announced
today that it has agreed upon an issuance of $3.5 million of its
Class A common stock to accredited investors. Pursuant to the
financing, Wave Systems has agreed to sell 5,982,905 shares of Class
A common stock at a price of $0.585 per share as well as warrants to
purchase 1,093,750 shares of the company's common stock within six
months at an exercise price of $0.80 per share. If exercised in
their entirety, the warrants would generate an additional $875,000
in gross proceeds to Wave. The transaction is anticipated to close
today and is intended to fund Wave Systems' ongoing operations and
general corporate overhead. The transaction is being done under Wave
Systems' $25 million shelf registration statement which was declared
effective by the Securities and Exchange Commission on May 10, 2004.
(IHub #103232, 12/5/05)
2005 Dec 22, Wave Systems Corp.
announced today that the company has teamed with NCI Information
Systems, Inc., a wholly owned subsidiary of NCI, Inc., in connection
with a Total Engineering and Integration Services (TEIS) contract
awarded to NCI Information Systems, Inc. by the US Army Information
Systems Engineering Command (USAISEC). Under the TEIS contract, NCI
Information Systems, Inc. is to provide information systems
engineering and information technology support to the USAISEC, and
other federal agencies worldwide. This indefinite
delivery-indefinite quantity (ID/IQ) program has a 5-year period of
performance, containing a base year and 4, one-year option periods,
with a total ceiling value of $804 million.
(IHub #104818, 12/22/05)
2005 Longhorn represents
Microsoft's best assessment of how computing will evolve and may be
ready about this time, though some say 2006-7. Longhorn w/ NGSCB
could be a significant driver for the adoption of trusted computing.
Longhorn has three major components: Avalon, which is the user
interface; WinFS, the new file system that is based on metadata; and
Indigo, the communications system that will include middleware to
pass messages back and forth among different Web services, their
objects and components. So a developer will no longer need to
understand exactly how everything works.
(IHub, #21276, 11/30/03)(IHub, #21294,
11/30/03)(IHub, #22501, 12/11/03)
2006 Jan 10, Wave Systems Corp.
announced today that the company is teamed with Operational Research
Consultants, Inc. (ORC), a wholly owned subsidiary of WidePoint
Corporation (OTC BB: WDPT), in connection with the first Blanket
Purchase Agreement award issued under the new U.S. General Services
Administration (GSA) "Authentication Products and Services" Category
Special Item No. (SIN) 160 32, part of existing IT Schedule 70 (the
“ORC ACES BPA"). The ORC ACES BPA is an indefinite delivery/
indefinite quantity (ID/IQ) program that has total ceiling value of
$100 million.
(IHub #106155, 1/10/06)
2006 Jan 23, Wave Systems Corp.
announced today that it has signed with NTT DATA Corporation of
Japan a non-binding memorandum of understanding (MOU) to form an
alliance to resell Wave's Embassy secure software technology for the
trusted computing market. Under the MOU, the parties envision the
formation of a distributor and systems integrator relationship to
resell Wave's products and solutions and to provide support services
to its customers in an effort to introduce such products and
solutions to the Japanese enterprise market. Trusted computing
markets in Japan that may be addressed by the alliance include
financial services, government, health care and consumers.
(IHub #107052, 1/23/06)
2006 Jan 30, Wave Systems Corp.
has signed a license agreement with Gateway companies, Inc.
(“Gateway”) permitting the distribution of a custom version of
Wave’s Embassy® Trust Suite security software technology with
Gateway’s personal computer products equipped with trusted computing
security chips known as Trusted Platform Modules (TPMs). Wave will
receive a per-unit royalty based on Gateway’s shipment volumes of
products that are equipped with or include the custom Embassy
technology.
(IHub #107557, 1/30/06)
2006 Feb 3, Wave Systems Corp.
announced today announced that Wave CEO, Steven Sprague, will be
presenting at the Security Research Associates 2nd Annual Winter
Technology Conference. The SRA conference will be held on Wednesday,
February 15th, 2006 at the Campton Place Hotel in San Francisco.
Wave's presentation is currently scheduled for 12:30 p.m. PST.
Conference attendees will include a select group of institutional
portfolio managers and analysts from across the country.
(IHub #108168, 2/1/06)
2006 Feb 6, Wave Systems Corp.
salutes the U.S. Army for its release on Feb. 3 of the new
Consolidated Buy-2 (CB2) Desktop and Notebook minimum specifications
for Army customers as published by the Army Small Computer Program.
The specific publication link is
https://ascp.monmouth.army.mil/scp/news/currentnews.jsp#2214.
(IHub #108277, 2/6/06)
2006 Feb 8, Wave Systems Corp.
has been awarded a $319,000 contract by a United States Department
of Defense agency. Under the contract, Wave will provide consulting
services in connection with a study to evaluate the implementation
of trusted computing solutions for the government. The term of the
project is expected to be four months.
(IHub #108529, 2/8/06)
2006 Feb 10, Wave Systems Corp.
announced that it will demonstrate network integrity access control
capabilities using the industry standard Trusted Network Connect
(TNC) architecture. TNC architecture is designed to deliver
significantly strengthened network integrity. This demonstration,
featuring Wave's Embassy(R) Trust Suite software products working
with Juniper Networks L2 access control solution, will be conducted
at the RSA Conference 2006, Booth 1407, Monday, Feb. 13 through
Friday, Feb. 17 at the McEnery Convention Center, San Jose, CA.
(IHub #108796, 2/10/06)
2006 Feb 13, Seagate
Technology, the world's leading hard drive maker, and Wave Systems
Corp. are teaming up at the RSA Conference 2006, February 13-17, at
San Jose's McEnery Convention Center to showcase the latest
development in data security. The two companies will demonstrate a
security solution that combines the strongest protection available
for intellectual property, personal information and other sensitive
data stored on lost or stolen notebook PCs with a simple way to
manage and protect encryption keys and passwords.
(IHub #109108, 2/13/06)
2006 Feb 13, Wave Systems Corp.
announced that at the RSA Conference 2006 it will demonstrate
network endpoint security and access control capabilities
implementing the Trusted Network Connect (TNC) architecture. Wave
will demonstrate secure network access using its Embassy® secure
software technology and Nortel's endpoint security products with a
PC equipped with a Trusted Platform Module (TPM). The Embassy
technology platform is designed to support hardware security
features provided by TPM security chips currently shipping in
millions of personal computers.
(IHub #109119, 2/13/06)
2006 Feb 13, Wave Systems Corp.
announced it will demonstrate a wide range of new and enhanced
trusted computing capabilities at the RSA Conference 2006, Booth
1407, Feb. 13-17 at the McEnery Convention Center, San Jose, CA.
(IHub #109168, 2/13/06)
2006 Feb 15, Wave entered into
a securities purchase agreement, pursuant to which Wave agreed to
sell and issue 8,348,597 shares of Class A Common Stock, par value
$.01 per share for $0.535 per share, to certain purchasers who are
parties to the Purchase Agreement (the “Purchasers”) for an
aggregate purchase price of $4,466,500. The Purchasers were also
granted warrants (the “Warrants”) to purchase up to 1,550,868 shares
of Class A common stock at an exercise price of $0.72. The Warrants
are exercisable for a period of six months following the date of
issuance. Each Warrant is subject to cancellation if the closing bid
price of Wave’s common stock exceeds $0.86 for 10 out of 20
consecutive trading days and the Warrant has not been exercised by
the close of business on the trading day after the 10th trading day
on which the closing bid price exceeds $0.86.
(IHub #120857, 5/11/06)
2006 Feb 15, Security Research
Associates, 2nd Annual Winter Technology Conference in San
Francisco:
I’d like to introduce Steven Sprague, the CEO of Wave Systems. And,
by chance one of my closest friends and oldest friends is his
father, so I’ve known Steve since he was a small boy. He’s now a big
boy. I think this is a watershed event for Wave, because the company
has been an R&D company for many years and they’re now starting
to develop revenue. And there’s plenty of security in the company,
plenty of security technology, but there’s nothing like revenue, and
revenue is now coming. And so it’s a perfect time for Steve to take
over. And, thanks for coming.
Steven Sprague: Thank you very much. Thanks for having us.
So let me introduce you to Wave. For some people have seen it
before. We’ve been down a very consistent path for a long period of
time. It’s taken a long time to get to where we are today. We’ve
gone through a few iterations. If you look back in our history we’ve
done a variety of different things. We used to build hardware; we no
longer build hardware. We were involved in the measurement and use
of information, really metering and DRM in the very early stages of
it, and I think that actually that will be parts of markets coming
forward in the future.
Today our focus is on building support for a new industry standard
that’s emerging. And I’ll spend a bunch of time talking about the
industry standard, because it’s very important to understand what’s
happening in the marketplace that’s creating this opportunity.
I will say one of the most interesting aspects is that we’ve become
so comfortable with the PC, we forget the power of the PC market
when the PC market was emerging. And we’re having another iteration
of something that’s inside the PC and the addition of a new
capability and the markets that it’s going to basically disturb and
the markets that it’s going to create. So in a very similar manner
to Microsoft and Intel deciding to add multi-media as a standard
component to the chipset changed the whole flavor of the multi-media
marketplace and created what today is a huge market on the PC, that
process is going on today to add security as a standard point to the
market.
So one of the challenges that we have in the PC space is that
there’s a huge amount of stuff that’s been built around trying to
address this fundamental question of who are you, are you the same
person you were yesterday, can I trust your machine. These are the
classic set of problems we’ve all heard about, read about, some of
us have experienced in the consumer PC model. Why? Because a
consumer PC or a standard PC has no identity technology in it, we
have no idea who it is. When it shows up on the network, it’s just
another processor on the network. Unlike the cell phone network
where we now have SIMM modules and identity capabilities, etc, I can
make your phone ring by dialing your number and your phone rings,
and his phone doesn’t ring and her phone doesn’t ring and his phone
doesn’t ring, just your phone rings.
And so there’s a tremendous opportunity to bring standards based
hardware to solve this problem of the PC. The challenge of course is
that the PC business of course is a very standards driven business.
And so what you have to do in order to accomplish this, and we got
very close to getting our own hardware deployed in this context, and
really what became necessary was to go become part of forming and
driving then the industry standard to accomplish this.
So back in the late nineties an original group was formed called the
TCPA, Trusted Computing Platform Alliance, that was rechartered a
couple years ago to become the Trusted Computing Group. It is a full
up industry standards body similar to standards bodies that exist
for Web based protocols, for WiFi, etc. We’re actually in the
standards organization in the process of discussions with IEEE with
how this standard should be adopted by the IEEE. But in essence it’s
130 companies today. It’s all the major players in security. It’s
all the major PC manufacturers. They’ve agreed to a common standard.
They’ve begun deployment. Actually Lenovo, the old IBM ThinkPad
team, was just saying they’ve shipped their 19 millionth unit out of
Lenovo by themselves, total in the market. They started shipping, I
think they shipped their first unit back in 2001, and they’ve been
shipping for a while. The rest of the industry joined in the course
of the last year. So probably sort of the bookend of establishing
that this was going to be the defined standard and the train had
left the station was when Dell shipped their first unit back in
March of last year.
If you’ve got Lenovo, HP, Gateway, Dell, etc, Dell tends to join
these parties late but they drive the adoption of technology.
So the Trusted Computing Group publishes standards for building
blocks for hardware security in the motherboard. There are now a
half of a dozen PC chip manufacturers. So chips are built by
Infineon, ST Micro, Atmel, Winbond – Winbond bought National
Semiconductors old group, and Broadcom, are building chips for []
are a dollar a part. So to have some scope of what I think the
market is, clearly getting into this market are five different
silicon providers, because the market is 200 million units per year,
and they want to divide that market amongst them. 200 million units
is the current shipping capacity of the PC industry based upon last
year’s volumes as reported by IDC.
So the market is growing. The industry shipped approximately 30
million units last year. General estimates from IDC are close to
70/75 million units this year.
So this is IDC’s growth chart. You can see that it moves up towards
100% adoption in the PC space. This is not an unfamiliar chart. This
is an absolutely classic Wintel standard adoption chart. The same
chart was drawn for math coprocessors, CD ROMs, Ethernet ports, etc.
Once the industry decides to put the technology in, the problem is
and a very simple one, actually one that was highlighted just the
other day, is that if I have the technology in my PC and he doesn’t
have it in his PC and the customer makes it standard, that guy sells
zero PCs.
And so for example, the US Army just standardized that all future
PCs starting at the end of this week going forward require Trusted
Platform Module 1.2.
There are some OEMs who have 1.1 version platform modules and not
yet 1.2, who actually won’t meet that and therefore for the next
quarter won’t supply any equipment to the US Army. If you want to
motivate a product manager to make sure that all future PCs have
that, miss a quarter of sales to major customer like the federal
government. Showing customer adoption is important for us as well.
Having the US Army do the first step – before they can buy our
software they have to get machines with TPMs. The first thing they
have to do is go ask that 100% of the machines they buy have Trusted
Platform Modules in them. Anybody who has any influence over their
organization’s purchasing of PCs should ask for the same thing. This
is, think of it in a similar manner to color. You know at some point
you have to buy your last black and white monitor because you know
everything in the future is going to require color, and so that’s
the same case here for security. This is going to be used for all
network access control, all authentication, and the question is the
machine your bought yesterday which doesn’t have a TPM on it, are
you going to be able to have it live its normal life before you get
rid of it, because maybe in order to file your filings you have to
have a Trusted Platform Module.
So what’s our mission?
We looked at this market and we’ve been part of facilitating the
market to come to place. We’ve watched lots of other markets in the
Internet and other places develop around us, and we believe that the
primary task here is to be the company that provides the tools and
infrastructure to help the OEMs deploy this technology in the box.
That if we can be the branded experience where you start your
Trusted Computing relationship as a user, that is the best place to
aggregate the value that’s generated by this market.
And so we’ve focused on building the client software, doing deals
with the PC manufacturers, get this as broadly deployed on a
horizontal basis as possible and build the infrastructure so that
the enterprise can begin to take use of it. Our model for our
enterprise software looks like the early days of Novell or 3Com or
other guys in the networking game. So I’m going to have all these
devices, they’re all going to be connected, how do I control them?
Things that are important to us are remote management. We haven’t
heard about remote management since the early days of Ethernet. But
remote management for Trusted Computing becomes very important. How
do I reach out, put keys on machines and take keys off. How I manage
to manage your machine without having to go visit your desk is a
very important characteristic of this. So, providing those tools to
accomplish that are really important to us.
So we’ve managed to aggregate a team of some of the world’s experts
in this. In some cases they were world experts before they started,
they are definitely world experts now. We write most of the
infrastructure working group specifications. We’ve been a major
author of lots of parts of that. Many pieces of the standards
organization have Wave folks contributing significantly. We’ve
chosen to fund that effort from internally. So that we not only
build the client software, but we help write the specifications. So
things like backup and recovery of keys, we built a product and then
we wrote the standard. And so there’s a real advantage in that of
having strong participation.
We’ve chaired the marketing working group of the Trusted Computing
Group for over a year. Which means the entire budget for the Trusted
Computing Standards organization is administered in essence by one
of my guys. I think the best way to equate this is you don’t run it.
It’s kind of like volunteering for the PTA dinner, okay? If you
volunteer you can have a lot of control as to how the event goes,
but if you get too far off the reservation somebody comes along and
slaps you and says, “no, no, no, no, no, we can’t. We’re not going
to have the Hawaiian Night theme.” So some days it’s more
entertaining than others. But we write all the quotes. We wrote a
lot of the articles. We decide which analysts get briefed. I mean
actually a lot of energy gets put into that. Part of our role in
that actually, another good way to understand where we are, and why
Wave is an important player in this, because there’s some really big
companies in this. This is Microsoft and Intel and all those guys.
So we just got elected to a board position in the Trusted Computing
Group. It’s a really good indicator of where our role is. This is
elected by the membership. There are two board seats that are
elected on an annual basis. We got one of the seats and Infineon got
the other. The rest of the board members are Microsoft, Intel, HP,
Sun, Seagate, AMD and Nokia. So that puts us in an even stronger
position. There are monthly board meetings. We meet with the
players. This gives us interaction with all the key players and
their key Trusted Computing Group guys as well. So a lot of stuff
gets done in that context.
So what do we build? We build client software. It comes either as
something you buy as an application to go onto your machine, or it
comes embedded in your machine. That client software provides the
ability to manage and control your TPM, Trusted Platform Module. It
helps you decide how you’re going to use those devices to logon.
Logon to my PC; logon to my network, and logon to my services. So we
help administer all the relationships that you have with other
service providers. Today those are typically internal relationships
inside an enterprise. We expect that fully to be every place you do
business on the Internet.
A billion machines are going to do strong authentication “this way.”
You’re going to hear about lots of other companies. We talk about
RSA has their tokens and Vasco has tokens and Gemplus has
smartcards. There are lots of things out there helping you
authenticate. The difference is RSA is really happy they’ve shipped
19 or 17 million tokens. We’re going to ship 17 million tokens a
quarter. They’ve shipped that since the beginning of time. And we’ll
ship at the rate of 17 million units a quarter in ’06. So it’s going
to get interesting.
How is that going to affect the business? I think one of the really
interesting aspects of this market is to understand that an industry
standard, when it shows up in the PC space, it throws all the pieces
up in the air. It doesn’t guarantee who wins and who loses when the
pieces fall down. But it’s going to throw all the pieces as we know
them today up in the air. A really good example is, if you invested
in multi-media before Microsoft and Intel added audio and video to
the chipset. Right? Creative Labs was the leading player and the
different video guys were, and then it just went “whooof!” For a
while it was a little interesting and then it settled back down and
certainly the market was not the same size for Creative Labs
building sound cards after audio got built in than it was before.
The same thing is true in security. This is going to really change
the space.
The other thing we build is the server software to help manage this,
because once we have this in the machine, how do we turn it on and
use it for strong authentication? Another very important thing to
understand is back in 1998 and ’99 there was a big push to add PKI.
Everybody remembers Baltimore Technologies and a bunch of other
players. That massive rise in market capital around PKI, facilitated
building PKI support into all networking equipment and it never has
gone away. So every CISCO router supports PKI. Every Juniper router
does, Checkpoint firewall… This is the hardware PKI token on the
client side. So this provides interoperability with anybody who ever
supported the public key standards, which is about 80 to 90% of all
networking equipment today. I can configure out of the box to work
with Trusted Computing.
Now the challenge for the IT department is the manual doesn’t say
trust Trusted Computing any where in the manual, from my CISCO VPN
router. One of the things we’ve had to do as a company is publish a
series of documents on how you set your Checkpoint router up or your
Checkpoint firewall up with Trusted Platform Modules. It works
brilliantly. It’s really easy to do. But helping that guy through
that sort of first step of associating pieces that aren’t normally
associated has been a challenge.
We’ve built a number of networking components to help that. The most
important tool we build is a tool for backup and recovery of keys.
So if you’re going to encrypt all of the data on the hard disk, then
you better have some place to backup your keys, because if you
forget or lose your keys you lose all the data. And that’s been a
very valuable component for us.
It’s still early in selling the enterprise software because people
haven’t really recognized that they have clients yet. And we provide
a range of developer tools that others can use.
One of our more interesting partnerships has been Seagate. So
Seagate decided to build full disk encrypting drives. What’s that?
It’s a hard disk; in the drive controller they have added security
in hardware, where all the data bits spinning on the platters of
your disk are now encrypted. Which means that if you leave your
laptop in the cab while going to the airport you can’t take the
drive out of the laptop, plug it into another computer and just read
the drive. Because that bypasses all the authentication into
Windows. So they’ve built this as a standard component to the drive.
They’ve added very few cents ultimately to the drive.
We formed a partnership with them, that we would build the
enterprise software to support their new Trusted drives. Because
Seagate’s not an enterprise software company, they’re a drive
manufacturing company. And so we built the software support for
their new drives. You have to buy the software from Wave. In some
cases we’ll provide bundled solutions. We are today the only
provider of software for the Seagate drive that demonstrates any
functionality. There are open standards solutions we fully expect a
few others to enter in producing this. But we’ve integrated that
capability now into the same client software we ship to the PC OEMs.
So a company like Dell who buys Seagate drives, they own 50% of the
marketplace, can have a single solution where they get Trusted drive
management, TPM management, we actually also have expanded in the
case of client machines to biometrics and smart cards as well. We
provide management of the full-secured environment of the client PC.
Our prime competitor in this space is Infineon. Infineon builds
chips. They’ve also built a software stack that works with their
chip. One of Infineon’s biggest disadvantages is that their software
only runs with Infineon’s chips. Wave’s software today runs on
Infineon chips, ST Micro chips, Atmel chips, Winbond chips and
Broadcom chips. And so we provide a solution where a company like
Dell can buy one software stack and then commoditize the chip
vendors as to who they use on a chip basis. That type of layered
software approach is very typical for the PC industry. I think one
of the only reasons we’ve actually lost any business to Infineon is
that they are a much bigger company than we are. Most of the players
that have used Infineon have been the Japanese OEMs. They very
typically work better with a really large company. However one of
the more interesting announcement we recently did is we just signed
a Memorandum of Understanding with NTT Data to be their supplier of
infrastructure support for Trusted Computing for the Island of
Japan. In order to use our software they’ll do a client software
replace on every machine. So this has certainly woken up the
Japanese OEMs and I think is a very good piece of business for us.
In addition if a Toshiba wants to use a Seagate drive they’re going
to need both Wave’s software and Infineon’s software. So in time we
think it will be much cheaper for them to have a single source
supply, not even in the cost of software but just in talking to all
of us, which seems to be one of their biggest challenges.
So Trusted Computing, we’ve only talked about the PC space. We
touched a little bit on Seagate and the peripheral space. But the
Trusted Computing Group standards organization encompasses all
devices: peripherals, storage, PCs and mobile devices. There’s a
very active mobile working group that has a couple dozen members,
all the major telephone companies, and the goal is to put
interoperable credentials on PCs and cell phones. So I can check my
email from my Blackberry against my corporate server without having
to own a Blackberry server. Because the device should have an open
platform for credentials that the IT department manages, not the
cellular operator manages. And so this is very well underway. The
specifications will get published this spring. We expect to see
first devices this fall.
We’ve done some nice warm-up relationships with ARM, with Nokia,
with a couple of others in the marketplace. So we’re very active in
helping to write those specifications. We think there are some
really interesting ways to combine our client software with the
software on the cell phones. We don’t expect ultimately to be a huge
cell phone software provider, we want to make sure the phones work
very well with the PC platform.
So this compatibility and interoperability for us is a really key
differentiator. It’s also a key differentiator for the overall
standard. So one of the challenges in security is that if I write to
platform A, I do a security project over here, and I do another
security project over here, the probability that they work together
is zero. Because everything in security is little vertical markets.
And so the opportunity with Trusted Computing is to provide a
normalization of authentication, data protection and access control,
so that as different devices use that, the probability that they’ll
interoperate becomes much much higher.
And so in an effort to help have a simpler deployed network and to
reduce a lot of the layers of security, because the IT department
gains something they don’t have today which is for the first time
they’ll know 100% of the things on their network. They don’t know
that today. They’ve all this software they’re buying to figure out
what’s going on, which they don’t really need because it’d be like
running airport security with no IDs. “I have no idea who you are.
But go ahead on through!” is different than if I’m looking for
somebody and I’ve got everybody scanning everybody’s ID and I know
that your name on your passport and your name on your ticket are the
same thing. I have a much higher probability of catching somebody
going through an airport if I know everybody at the airport.
Question from audience: Just one question, I’m not understanding how
you differentiate between if an unauthorized user is on the
computer, it’s not going to catch an unauthorized user… [?]
So the way this works is a Trusted Platform Module holds
credentials. An IT Department can ask the TPM chip to create a
credential that’s what’s called non-migratible, which means it
exists once and only once. That gives unique identity to the machine
in the control of the IT Department. The way I release that is with
a PIN number or a biometric. So I’m identifying the user to the chip
with a PIN number, and I’m in essence making the second factor of
authentication their six-pound laptop as opposed to a smart card or
an RSA token. There’s no difference in this structure except that
I’m including the PC platform as part of the authentication. So I
know it is someone who knows the PIN number in that machine. So to
the extent you protect your PIN, which actually you don’t need to
protect nearly as strongly as you do in the case of User ID and
Password, because if you tell me your User ID and Password to your
Citibank account, I can go logon anywhere. If you tell me your PIN
number, I’ve got to go steal your computer in order to use your
computer to login to your Citibank account. So I know a lot more []
and even better and we’ve already done this in a number of cases
where you link the biometric to replace the PIN. Now the biometric
never leaves the computer. There’s no big server with everybody’s
bio-data on it, it’s only inside my own machine. But now I as a user
don’t even know the PIN, right? And so that’s a pretty elegant
solution to release the credentials stored, I have a pretty high
assurance that it is someone I know on that machine logging into the
network.
So a couple things from recent progress. These are around the last
couple of weeks actually, few weeks,
So we’re showing now at the RSA show today integration with Nortel
Networks and Juniper for something, you’ve probably heard the terms,
Trusted Network Connect, NAP and NAC, right? The Network Access
Control and Network Access Protection and Trusted Network Connect
are the ability for before I let you on the network my computer is
going to check to see if all the software you’re supposed to have is
up to date, is correct, is my anti-virus correct, and if you get a
green sign you can get on the network. If you don’t get a green sign
you get sent to remediation. This is not necessarily a great user
concept “remediation” but it works well. And so, it ensures that if
you have to have Acrobat Version 9 to do your job, IT can say,
“check before he gets on the network. See if he has Acrobat 9. If he
hasn’t updated yet, he isn’t allowed on the network until he
updates.”
And so the Trusted Platform Module plays a very important role in
that and we’re showing at the show today for the first time what’s
called Platform Trust Services, which is the integration of the
Trusted Platform Module to do this as part of that process. What it
does is prevent the client from lying that I still have Acrobat 8
and I’m going to pretend I have Acrobat 9. So a Trusted Platform
Module can enforce that the platform isn’t lying. Wave plays a very
important role. 100% of the machines need it. You’re going to have
to upgrade our software to get our TNC support for Platform Trust
Services.
We’re also showing the first production Seagate drives. We announced
our Seagate relationship about a year ago. We shipped some prototype
stuff, really a lab experiment. These are now running on production
drives. They’re a couple months away from production release of
drives. So sometime early summer it looks like these drives begin to
show up. Everybody who has stock compliance issues, everybody in
California needs one of these drives, because now I can ensure that
if I lose my machine it and it has any sensitive data on it I don’t
have to get an article written on me in the Wall Street Journal.
Gateway began shipping our software January 26. So that was our next
major OEM beyond Dell. We supply Intel as well. Probably one of the
more interesting ones from our perspective is the US Army’s
consolidated buy mandate. If you’re looking for an indication that a
big enterprise is thinking about this and trying to figure out where
to use it, here’s a good public indication. They’ve said all future
machines purchased in our consolidated buy program require TPMs.
It’s public on their website. We help communicate it out there.
NTT Data is a very important relationship for us, because it’s
showing a really big systems integrator and also a really big
market. Japan has standardized on a bunch of PKI capabilities for
consumers to government connection and NTT is building that
infrastructure and they want to use our tools to build that on top
of Trusted Computing. So having NTT select us, there aren’t very
many of “us,” people who build support for Trusted Computing.
Getting selected and partnering with them allows us today to begin a
relationship that we think over time will be a hugely profitable
relationship for us. It will take time to mature. The point is we’re
beginning to sign these relationships today.
Somebody enters this market tomorrow. First they’d have to build all
the stuff we build, then they’d have to come displace us in
relationships where we’re proving our value to those customers.
So it’s getting to be quite a good stable of characters and we’re
making good progress on that.
Our business model consists of getting nickels and dimes from the
OEMs and chip vendors, and we get typically fifty cents from a Dell
deal. That helps to pay the rent. One of the biggest challenges we
have as an organization is while we successfully raised a bunch of
money back in 2000, we burned through that cash in 2003. We’ve
really gotten very clear and focused on this market. It’s clear how
the market is developing and how we have to build more partners we
need. We’ve been funding the company off of a series of PIPE
transactions as discounted common with relatively light weight
warrant positions, very short term. Six-month warrant for us is
useful money; five-year warrant is completely useless money. And
we’ve done that off of shelf registration so the investors are
relatively quickly converted into market. People who have been
investing in us are liquidity players. So they buy my stock in
December and they’ve sold all the stock they bought in December by
now. They’ve made money on the transaction. You can look at my share
price, the volume, and what they bought the stock at and realize
they made a good chunk of money. And they’ll come do it again.
The problem with that obviously is that when you’re venture funding
a fairly expensive burn rate, it burns a lot of dilution. But it’s
the right thing for this company to do right now. What you want to
do, you want to own the leadership position in the introduction of
Trusted Computing to the market and be in the position to capture
four to five hundred million subscribers at the starting point in
their Trusted Computing relationship. That’s what Wave is about.
In order to do that, we’re investing heavily in building that space.
So, our burn rate is pretty hefty. We burn in and around four and
half million dollars a quarter. We have for all intents and purposes
no cash. We raise that on a quarter-by-quarter basis.
Our challenge today is that our share price is not strong enough to
support that level of burn rate. One of the things I think, we made
the decision really last summer that we were in the right position
that we could get to this point with this set of deals. And we’ve
delivered on that set of deals, and now we’re in the position I
think where we can begin to clearly offer the stock on a basis where
somebody can look at it and say, yes, these guys are in the
leadership position. They have the key partnerships. The market is
clearly underway. The revenue underneath this has got some good
substance.
We have got good volume forecasts from our OEM partners. We can look
out in front of us today and see somewhere between 80 and 100
million seats over the next 36 months that we have under contract
today. No, contract is too strong a term. It means I have a contract
where my customer could cancel me tomorrow and they give me a
forecast that looks at that kind of volume. So the nice thing with
an OEM business is that as long as we perform, they won’t displace
us tomorrow. It’s extremely expensive for them to do that, because
they’ve done work to integrate our software into their offering,
into their marketing, into their sales training, etc. So typically
in an OEM business if you win a design win, a Dell model 610, that
image will stay the same until Dell 610s cease to be available in
the market. Very seldom does it change in the middle of a product
life cycle.
So the deals we announce tend to be fairly good long-term deals,
although the contracts with OEMs are terrible. I mean any big
company like Dell negotiating with a little company like us says
“we’ll pay you if we feel like it.” But in essence we get paid on a
quarterly basis. And they’re good customers on that basis.
The second phase of our business model is really around providing
the enterprise support to the market. So this typically a 40 to 50
dollar per seat model. It’s classic enterprise software, both client
software and server software. It provides the infrastructure to
manage the devices in the marketplace.
We’ve got a couple of good reference customers. We’ve supplied
Diebold with some interesting software. They’re a classic customer
who won’t tell anybody what they’re doing with it. That’s perfectly
fine. But they allowed us to use them as a customer. On the other
end of the spectrum we provide Papa Gino’s with their security
infrastructure for their 500 pizza restaurants, and they’ve been
very happy to help publish a bunch of Dell case studies. Actually if
you go to Dell’s website and type in “Papa Gino’s” you’ll find the
case study. And they’re happy to talk about the fact that it saved
them money, made it easier, it’s effective technology and they have
it in deployment today. So we’re working on continuing to increase
those customer relationships and we expect that to really start to
turn on in the course of this year. This is the hardest thing to
gauge.
Clearly, selling a couple hundred thousand seats would dramatically
improve my revenues at 50 bucks a seat, the challenge has been when
does it starts in earnest, and that’s been a very hard thing to
predict. We’ll probably ship somewhere in the range of 20 million
plus seats of software, Wave’s software this year, and it could be
as high as 30 to 40 million units this year. So I think we’re in a
good position on that front. We only need a few percentage points
for people to convert and actually use it. But I don’t have any
track record to prove that that’s happening yet. I can’t look back
and say. For all intents and purposes software upgrades sales to
this point have been negligible. To be fair, they’ve been negligible
for everybody else in the market as well. It’s not like some other
person is getting all the seats. It’s just the market awareness of
this technology is just really starting to happen.
We kind of had the first analyst at RSA this week who said, “Yes,
this stuff is really going to be important. It’s really going to
have an impact. A lot of people don’t know what it is yet.
So we’re building an installed base. These are our actual stated
numbers in Q2 and Q3. You can see pretty good growth. As I said
before Q4 tends to not be a growth quarter for the PC OEM industry.
You start new product adoption in the spring and you build through
the year. We expect relatively flat in Q4 and growth really picks up
again in the beginning, the first three quarters of this year.
We’ve announced our Dell licensing agreement and our Gateway
licensing agreement and we’re working with a bunch of other OEMs in
the marketplace.
Another huge thing that has happened over the course of the last six
months is that the coverage of this space has grown completely
vertically. There were probably two articles written in the first
half of last year and there were dozens of articles written in the
second half. All of this is in preparation for Microsoft’s Vista
launch. So logo compliance is part of what is driving this
technology. If you look at Microsoft, if you look at any laptop
there’s a little sticker that says “Designed for Windows XP.” If you
want a sticker that says “Designed for Windows Vista” on an
enterprise PC platform you must have a TPM in the box. That’s what’s
driving this business. That’s what drives a Wintel standard into the
marketplace. So everybody ends up with it, the question is, what do
you do with it once you get it?
So in summary this is the foundation for security for everything
we’re going to do. Fast forward ten years from today, you won’t log
onto a service provider, pay anything, have access to any content
and use your User ID and Password. You will log into your PC and
your PC will log you into everything else. So User ID and Password,
hopefully my kids won’t really understand what User ID and Password
is. They’ll think it is really arcane and stupid technology and why
did you need that. And we’ve certainly had occurrences where that’s
happened. We got rid of the beep beep tones on our cell phone, that
was a good improvement. Every time you dialed long distance wait for
the beep beep tone, type in your PIN number and go. It’s gone. Let’s
make User ID and Password go away.
I think we have the right partners to drive there. We’re clearly the
market leader in this space. 30 to 40% marketshare of the total
software dollars spent in this. The problem was that it was only
$300,000 in the third quarter. That’s the challenge. So we’re in the
beginnings of an emerging market. It is going to be a huge market.
What we’ve focused are the things we can control. Build the right
partnerships, build the right relationships, build the right
software and build it in a market that’s being driven to be a huge
market. And that’s how we’re executing in this space.
So we think we have the right model. We think we have the right
business models. We think we’re testing very well in the market our
next phases of business models. And we’re really waiting for the
growth to come to us.
And that’s all I have.
Thank you for your time.
(2/15/06, SRA, 2nd Annual Winter Technology
Conference in San Francisco)
2006 Feb 16, Wave Systems Corp.
a developer of trusted computing solutions and services, announced
today that it has agreed upon an issuance of $4,466,500 million of
its Class A common stock to accredited investors. Pursuant to the
financing, Wave Systems has agreed to sell 8,348,598 shares of Class
A common stock at a price of $0.535 per share as well as warrants to
purchase 1,550,868 shares of the company's common stock within six
months at an exercise price of $0.72 per share. If exercised in
their entirety, the warrants would generate an additional $1,116,625
in gross proceeds to Wave. The transaction is anticipated to close
today and is intended to fund Wave Systems' ongoing operations and
general corporate overhead. The transaction is being done under Wave
Systems' $25 million shelf registration statement which was declared
effective by the Securities and Exchange Commission on January 13,
2006.
(IHub #109639, 2/16/06)
2006 Feb 27, Wave Systems Corp.
and QBS Software Limited, an award-winning software distributor,
today announced that QBS Software has been appointed by Wave as a
distributor of Wave's Embassy(R) Trust Suite software and
infrastructure to enterprises in Europe interested in trusted
computing solutions for personal computer security.
(IHub #110763, 2/27/06)
2006 Feb 28, Dutton Associates
updates its coverage of Wave Systems reiterating a Strong
Speculative Buy rating and a $2 price target. The 15-page report by
Dutton senior analyst David P. Soetebier, CFA is available at
www.jmdutton.com as well as from First Call, Bloomberg, Zacks,
Reuters, Knobias, and other leading financial portals.
(IHub #110900, 2/28/06)
2006 Mar 2, Gateway today
announced GatewayShield, a comprehensive security initiative that
brings data, Internet and hardware protection to its professional,
small business and consumer customers. Gateway's modular approach
lets customers buy a brand-new GatewayShield-protected system or
select individual security options most suited to their needs for
their existing PC. Gateway professional notebooks and desktops
include a powerful security chip, Trusted Platform Module (TPM), an
industry-standard for meeting Trusted Computing Platform
requirements. Integrated onto the motherboard, this chip can't be
removed and provides enhanced protection against data theft by
encrypting files, authenticating network access and passwords, and
safeguarding email communications and file transfers. In addition to
the hardware encryption, Gateway also includes Wave Software's
EMBASSY(R) Trust Suite Gateway Edition. This combination creates a
much more secure environment than traditional passwords and
software-based solutions that are vulnerable to hacking and cyber
attacks.
(IHub #111167, 3/2/06)
2006 Mar 14, Wave's Q4 2005 net
revenues rose to $348,000, compared to Q4 2004 net revenues of
$108,000, principally due to higher royalties earned on increased
shipments of Wave software and technology by Wave OEM partners. Wave
reported a net loss of $4.5 million, or $0.05 per basic share, for
the fourth quarter of 2005, compared to a net loss of $3.0 million,
or $0.04 per basic share, in Q4 2004. The year-ago fourth quarter
included the benefit of a $1.4 million gain on the sale of
marketable securities and a $135,000 charge reflecting an increase
in Wave's liability for outstanding warrants containing cash
settlement features. The weighted average number of basic shares
outstanding in the fourth quarters of 2005 and 2004 was 89,132,000
and 71,793,000, respectively.
(IHub #112494, 3/14/06)
2006 Mar 17, Wave Systems
Corp., a developer of trusted computing solutions and services,
announced today that it will present at Dutton Associates'
"Recognizing Opportunity"
SmallCap Conference on Tuesday, March 28th. The conference will take
place at the St. Regis hotel in San Francisco, with company
presentations from 8:30 a.m. to 12:25 p.m. Wave's CEO, Steven
Sprague, will make a ten-minute overview presentation which will be
available via webcast at www.jmdutton.com. His presentation will be
followed by a two break-out sessions with investment
professionals in the afternoon. For more conference information and
registration, visit www.jmdutton.com.
(IHub #113225, 3/17/06)
2006 Mar 29, Wave Systems Corp.
announced today that a new version of its software is now shipping
with new Dell Latitude notebooks and Dell Precision mobile
workstations. Dell will include the Wave software as a standard
offering on all Latitude D620 and D820 notebooks and Dell Precision
M65 mobile workstations. The computers contain a Trusted Platform
Module (TPM), a unique standards-based hardware security chip that
handles various security tasks on a computer. This hardware-based
solution holds computer-generated keys for encryption, helping avoid
attack by hackers looking to capture passwords or steal the
encryption keys to access sensitive data stored on PCs. When
combined with Wave Systems Embassy Trust Suite software, the TPM
performs a variety of business security features, such as system
authentication to help ensure only authorized computers can access
the network and data.
(IHub #114904, 3/29/06)
2006 Apr 5, Wave Systems Corp.
(WAVX) disclosed Wednesday that it has signed an original
equipment-manufacturer software distribution pact with Broadcom
Corp. (BRCM) allowing for the distribution of certain of the
company's software products. The company said in a document filed
with the Securities and Exchange Commission that it will receive a
per-unit royalty based on Broadcom's sales of products that are
equipped with or include Wave Systems' software technology.
(IHub #115908, 4/5/06)
2006 Apr 12, RedChip
Visibility, a division of RedChip Companies, initiated coverage on
Wave Systems, Corp. today. RedChip Research Analyst Lisa Springer
issued a Strong Buy rating with a target price of $1.80.
(IHub #116660, 4/12/06)
2006 Apr 25, WAVX received
notification from The Nasdaq Stock Market indicating that for the
prior 30 consecutive business days, the bid price of Wave's common
stock had closed below the minimum $1.00 per share requirement for
continued inclusion under Marketplace Rule 4450(b)(4) (the "Rule").
In accordance with Marketplace Rule 4450(e)(2), Wave was provided
180 calendar days, until April 24, 2006, to regain compliance by
having its shares close above $1.00 for a minimum of 10 consecutive
trading days. Wave announced today that on April 25th it received
written notification from The Nasdaq Stock Market indicating that
the Company failed to regain compliance with the $1.00 per share
minimum bid requirement for continued inclusion on The Nasdaq
National Market under Nasdaq Marketplace Rule 4450(b)(4) (the
"Rule"). Under the Nasdaq rules, Wave plans to request an appeal
hearing before the Listings Qualifications Panel and expects such
hearing to be held within four to six weeks.
(IHub #118252, 4/25/06)
2006 Apr 26, Wave Systems Corp.
(“Wave”) has signed a Software License Agreement with Winbond
Electronic Corporation (“Winbond”) permitting the distribution of
Wave’s Embassy® Security Center (ESC) and Cryptographic Service
Provider (CSP) software technology with Winbond devices that are
compliant and compatible with Trusted Platform Module (TPM)
specifications. Wave will receive a per-unit royalty based on
Winbond’s sales of products that are equipped with or include Wave’s
software technology. Although the contract requires an initial
pre-payment of royalties, it does not provide for guaranteed minimum
or maximum shipped quantities or royalties. This agreement is in
addition to Wave’s Licensing Agreement with Winbond (as successor to
National Semiconductor Corporation) dated September, 2004.
(IHub #118406, 4/26/06)
2006 May 1, Notice is hereby
given that the 2006 Annual Meeting of Stockholders of Wave Systems
Corp. (the “Company”) will be held at 4:00 p.m. on Monday, July 24,
2006 at The New York Helmsley Hotel, 212 East 42nd Street, New York,
New York.
(IHub #119267, 5/1/06)
2006 May 2, Wave Systems Corp.
today announced its introduction of the "Embassy® Endpoint
Enforcer," a new Wave network security product that is designed to
enable third party applications and services to make informed
network access decisions by providing protected access to client
security metrics.
(IHub #119339, 5/1/06)
2006 May 3, Wave Systems Corp.
announced today that on Wednesday, May 10th, at 4:30 P.M. EDT it
will host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave's results for the first quarter
ended March 31, 2006. Wave's results will be issued after the
market's close that day. WEBCAST/REPLAY: available at
http://www.wave.com and archived for 30 days. TELEPHONE: via
212-346-6501 or 415-247-8511. Please call five minutes in advance.
(IHub #119483, 5/3/06)
2006 May 4, Wave Systems Corp.
(NASDAQ: WAVX), a developer of trusted computing solutions and
services, announced that it has agreed to sell 6,037,500 shares of
its Class A common stock at a price of $0.80 per share for gross
proceeds of $4,830,000. The sale is expected to be completed on
Friday, May 5, 2006. The net proceeds of the financing -
approximately $4.6 million - will be used to fund Wave's ongoing
operations and transition from development stage to commercial
operations.
(IHub #119592, 5/4/06)
2006 May 8, Wave Systems Corp.
today announced the availability of their Embassy Trust Suite (ETS)
version 5.1, which provides a collection of practical, easy-to-use
applications for enhanced PC security utilizing the Trusted Platform
Module (TPM) security chip. Wave's Embassy software platform
provides a number of trusted computing features including advanced
authentication with biometrics, smart card authentication, TPM
authentication and also includes applications for document
protection, password management, digital signatures, TPM management
and robust key management.
(IHub #120185, 5/8/06)
2006 May 10, Wave Systems Corp.
today reported results for its first quarter (Q1) ended March 31,
2006 and reviewed recent corporate progress and other developments.
Wave's Q1 2006 net revenues rose over five-fold to $493,000,
compared to Q1 2005 net revenues of $78,000. This was also an
increase over Wave's Q4 2005 net revenues of $348,800. The increase
over Q1 2005 net revenues was principally due to higher royalties
earned from increased shipments of Wave software by partners as well
as an increase in services revenue. For Q1 2006 Wave reported a net
loss of $5.0 million, or $0.05 per basic share, including non-cash,
share-based compensation expense of $352,000 which was recorded in
accordance with the implementation of SFAS 123R for "Share-based
Payments," effective January 1, 2006. Wave's Q1 2005 net loss of
$4.5 million, or $0.06 per basic share, did not include any SFAS
123(R) expense. The weighted average number of basic shares
outstanding in the first quarters of 2006 and 2005 were 97,692,000
and 77,212,000, respectively.
(IHub #120514, 5/10/06)
2006 May 24, ICT Economic
Impact is very excited to announce that they have signed a sales
representative agreement with Wave Systems Corp. "Wave Systems is an
important player in the Trusted Computing market and Trusted
Computing is starting to revolutionize the market of information
systems security," says Alexander W. Koehler, CEO of ICT Economic
Impact.
(IHub #122,053, 5/24/06)
2006 Jun 7, Wave Systems Corp.
has announced the availability of the EMBASSY Trusted Drive Manager
software supporting Seagate Momentus 5400 FDE (Full Disc Encryption)
hard drives. EMBASSY Trusted Drive Manager (ETDM) is the newest
component of Wave's EMBASSY software products, which provide
industry standard-based support for security hardware such as
Trusted Platform Modules (TPM) and the Seagate Momentus 5400 FDE
hard drives with hardware-based Full Disc Encryption technology.
Seagate and Wave have worked together to ensure that their
complementary products address the new market opportunities for
security and trusted computing in the data protection markets.
(IHub #122,871, 6/7/06)
2006 Jun 14, Wave Systems Corp.
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 at the Third Annual Rodman &
Renshaw Security, Biodefense & Connectivity Investor Conference
on Monday, June 19th at 4:10 p.m. EDT. The conference is for
institutional investors and other investment professionals and will
be held at the St. Regis Hotel in New York City.
(IHub #123,326, 6/14/06)
2006 Jun 16, WAVX announced
that it has filed a preliminary proxy statement with the SEC for a
special meeting to be held on July 24, 2006 seeking stockholder
approval permitting the board to implement a reverse stock split of
Wave's common stock at a ratio of either 1:2, 1:3 or 1:4. As part of
its appeal to a Nasdaq Listings Qualifications Panel to remain
listed on the Nasdaq National Market, Wave has submitted a plan to
implement this reverse stock split for purposes of regaining
compliance with that market's $1 minimum closing bid price continued
listing requirement.
(IHub #123,516, 6/16/06)
2006 Jun 20, Wave Systems Corp.
today announced that STMicroelectronics has enhanced its
existing license agreement with Wave Systems with the addition of a
license for a new suite of EMBASSY(R) security software from Wave
Systems for bundling and distribution with ST's Trusted Computing
Group (TCG) 1.2 TPM Solution for personal computers. Under the
agreement, Wave receives a per-unit royalty (similar to Wave's
existing PC OEM agreements) based on ST's shipment volumes of
products equipped with this new suite of Wave's EMBASSY(R) security
software technology. This royalty would be in addition to the
per-unit royalty currently paid to Wave for distribution of the
original Embassy security software licensed under the companies'
existing Master Software License and Distribution Agreement. The
contract does not provide for guaranteed minimum or maximum shipped
quantities or royalties.
(IHub #124,221, 6/20/06)
2006 Jul 5, Wave Systems Corp.
announced today that it has executed a software reseller agreement
with NTT DATA Corporation of Japan, a leading systems integrator.
Pursuant to the agreement NTT DATA will be authorized to resell and
provide support services for Wave's EMBASSY(R) Trust Suite
technology and solutions for the trusted computing market in Japan,
including financial services, government, health care and consumer
market segments. Financial details of the agreement were not
disclosed. The agreement does not provide for guaranteed minimum or
maximum shipped quantities or royalties.
(IHub #125,514, 7/5/06)
2006 Jul 11, Wave Systems Corp.
(WAVX) disclosed Tuesday that it has reached a settlement in
principle of all claims asserted by plaintiffs in a pending
class-action securities lawsuit. The company said in a filing with
the Securities and Exchange Commission that its insurer has agreed
to pay the plaintiffs a total of $1.75 million in exchange for the
dismissal with prejudice and release of the claims against all
defendants.
(IHub #125,594, 7/12/06)
2006 Jul 11, 2006 Wave Systems
Corp. received notice that a Nasdaq Listing Qualifications Panel
(the "Panel") has granted Wave's request for continued listing on
The Nasdaq Global Market (formerly known as the Nasdaq National
Market), subject to certain conditions. The Panel's decision is
contingent upon, among other things, Wave's implementation of a
reverse stock split to be effected for purposes of regaining
compliance with the $1.00 per share minimum bid requirement for
continued inclusion on The Nasdaq Global Market under Nasdaq
Marketplace Rule 4450(b)(4). On or before July 25, 2006, Wave must
inform the Panel that Wave's stockholders have approved a reverse
stock split and that the reverse stock split has been implemented.
On or before August 8, 2006, Wave's minimum closing bid price must
be at least $1 for a minimum period of 10 consecutive trading days.
(IHub #125,654, 7/12/06)
2006 Jul 17, Wave Systems Corp.
announced that it has been selected to provide a server-based
e-signature and secure document vaulting solution for Trust Company
of America, a specialized provider of custody and back office
services to the financial services industry that utilizes advanced
technology and responsive client support to provide registered
investment advisor custody services, transfer agent and registrar
for non-traded REITs and other direct participation programs,
self-directed IRA account administration, and secure information
processing.
(IHub #125,800, 7/17/06)
2006 Jul 25, Wave Systems Corp.
announced that following shareholder approval at a special meeting
held here yesterday, the Company's Board of directors has approved a
1-for-3 reverse split of the Company's Common Stock. The reverse
stock split will be in effect at the commencement of trading
tomorrow, July 26, 2006, with Wave's Common Stock trading
temporarily under the symbol "WAVXD." The reverse split is being
implemented for purposes of regaining compliance with the $1.00 per
share minimum closing bid price requirement for continued listing on
the Nasdaq Global Market (previously known as the Nasdaq National
Market). For each three (3) shares held, Wave shareholders will
receive in exchange one (1) new share of Wave Systems common stock.
(IHub #126,245, 7/25/06)
2006 Jul 27, Wave Systems Corp.
disclosed Thursday that it amended an existing software license and
distribution pact with Intel Corp. The company said in a document
filed with the Securities and Exchange Commission that the amendment
permits Intel to ship the next version of Wave's Embassy Trust Suite
with Intel's new Broadwater 965 Express Chipset-based Intel desktop
boards for trusted personal computers. Wave's Embassy Trust Suite
5.1 version is a new collection of applications that leverage the
trusted platform module hardware security chip.
(IHub #126,478, 7/27/06)
2006 Aug 1, Wave Systems Corp.
announced today that on Thursday, August 3rd at 4:30 p.m. EDT it
will host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave's results for the second quarter
ended June 30, 2006. Wave's results will be issued after the
market's close that day. WEBCAST/REPLAY: available at
http://www.wave.com and archived for 30 days. TELEPHONE: via
212-346-6548 or 415-904-7364 .
(IHub #126,942, 8/1/06)
2006 Aug 2, Wave Systems Corp.
announced today that Wave CEO, Steven Sprague, will be presenting at
Security Research Associates' 2nd Annual Summer Technology
Conference. The conference will be held on Monday, August 7th, 2006
at the St. Francis Hotel in San Francisco. Wave's presentation is
currently scheduled for 10:40 a.m. PDT in the Elizabethan Room C.
Conference attendees will include a select group of institutional
portfolio managers and analysts from across the country.
(IHub #127,023, 8/2/06)
2006 Aug 7, Wave Systems Corp.,
a developer of trusted computing solutions and services, announced
that on Friday, August 4, 2006, it agreed to sell 2,336,752 shares
of its Class A common stock at a price of $2.05 per share for gross
proceeds of $4,790,342. The net proceeds of the financing -
approximately $4.5 million - will be used to fund Wave's ongoing
operations. Steven Sprague, CEO of Wave Systems, commented: "This
financing helps to solidify our capital position and provides
funding needed to support our operations.
(IHub #127,529, 8/7/06)
2006 Aug 10, Wave Systems Corp.
announced today that it has received notification from the Listing
Qualifications Panel of The Nasdaq Stock Market of the Panel's
decision to continue the listing of Wave's common stock on the
Nasdaq Global Market (formerly called the Nasdaq National Market).
The decision followed Wave's regaining compliance with Nasdaq
Marketplace Rule 4450(b)(4) which requires a minimum bid price of
$1.00 per share. Wave completed a 1-for-3 reverse split of its
common stock, effective close of business on July 25, 2006, which
had the effect of enabling the Company to regain compliance with the
$1.00 minimum bid price rule.
(IHub #127,701, 8/10/06)
2006 Sep 5, Wave Systems Corp.
today announced the execution of an amendment to its Software
License and Distribution Agreement with Intel(R). The amendment
permits Intel(R) to ship the next version of Wave's EMBASSY(R) Trust
Suite with Intel's new Intel(R) P965 Express Chipset-based Intel(R)
Desktop Boards for trusted personal computers. Wave's EMBASSY(R)
Trust Suite (ETS) 5.1 is a new and simplified collection of
practical, easy-to-use applications which leverage the Trusted
Platform Module (TPM) hardware security chip.
(IHub #128,618, 9/5/06)
2006 Sep 7, Wave Systems Corp.
announced today that its CEO, Steven Sprague, will present at the
third-annual Merriman Curhan Ford & Co. Investor Summit on
September 19, 2006 from 10:15 a.m. to 10:40 a.m. PDT (1:15 p.m. -
1:40 p.m. Eastern). Wave's presentation will be in the George D.
Smith room. This event will be held at the Mark Hopkins
InterContinental Hotel in San Francisco. More information about the
conference can be found at: www.merrimanco.com.
(IHub #128,777, 9/7/06)
2006 Sep 11, i2Telecom
International, Inc., announced a letter of intent with Wave Systems
Corp. setting forth plans to bring added security and a more
seamless calling experience to the growing number of subscribers to
its ultra-portable, high-quality Voice-over Internet Protocol (VoIP)
service. The plans are subject to completion of integration and
development work and the negotiation of definitive documentation.
(IHub #128,912, 9/11/06)
2006 Sep 13, Wave Systems
Corp., a leading supplier of security software products and services
for Trusted Computing and a founding member of the Trusted Computing
Group (TCG), announced plans to extend its EMBASSY® Trust Suite
software in support of the newly published TCG security
specifications for mobile phones. The announcement of the open,
non-proprietary security specifications called Mobile Trusted Module
(MTM) came this week at the Cellular Telecommunications &
Internet Association Conference in Los Angeles.
(IHub #129,136, 9/13/06)
2006 Sep 18, Wave Systems Corp.
today announced the availability of two new IT security products,
introducing EMBASSY(R) Network Access Control and EMBASSY(R)
Endpoint Enforcer. EMBASSY Network Access Control is designed to
leverage existing network infrastructure and open industry standards
for IT control over which PC clients can be used to access a
network, locking out unauthorized machines. EMBASSY Endpoint
Enforcer (EEE) is an open, standards-based solution designed to work
with many network access control solutions. Wave is demonstrating
interoperability with the Trusted Computing Group (TCG) protocol
known as Trusted Network Connect (TNC). Wave plans to develop a
version of EEE that is also interoperable with Microsoft's(R) NAP
and Cisco's(R) NAC architecture. EMBASSY Network Access Control
(ENAC) is a network security solution designed to lock down the
network from unauthorized access and to mitigate many common and
damaging network attacks. ENAC is designed to provide strong network
access security by leveraging the strong identity features in the
Trusted Platform Module (TPM) hardware, a security chip housed on
tens of millions of PCs shipping today.
(IHub #129,367, 9/18/06)
2006 Oct 4, Wave Systems Corp.
announced today that Wave CFO, Gerard T. Feeney, will be presenting
at The New York Society of Security Analysts' Small Cap Innovators
Conference on Thursday, October 5th, 2006 in New York City. Wave's
presentation is scheduled for 3:50 p.m. EDT and will made available
for replay on the NYSSA website (www.nyssa.org) a few days following
the presentation.
(IHub #130,170, 10/4/06)
2006 Oct 10, Operational
Research Consultants, Inc. (ORC) (www.orc.com), a wholly owned
subsidiary of WidePoint Corporation (AMEX: WYY) (www.widepoint.com)
and Wave Systems Corp. today announced the launch of an enhancement
to the federal public key infrastructure (PKI) platform that
strengthens the security of ORC's ACES (Access Certificate for
Electronic Services) and ECA (U.S. Government External Certificate
Authority) certificates.
(IHub #130,387, 10/10/06)
2006 Oct 23, Wave Systems Corp.
announced today that it will conduct demonstrations of its EMBASSY
line of software at the Department of Defense (DoD) Public Key
Enabling (PKE) forum at the Atlanta Sheraton, Atlanta, Georgia, Oct.
24-25.
(AP, 10/23/06)
2006 Oct 31, Wave Systems
Corp., a developer of trusted computing solutions and services,
announced that on Monday, October 30, 2006, it agreed to sell
3,517,230 shares of its Class A common stock at a price of $2.73 per
share – the closing price on Friday, October 27th, - for gross
proceeds of $9,602,038. The net proceeds of the financing,
approximately $9.1 million, will be used to fund Wave’s ongoing
operations.
(IHub #131,964, 10/31/06)
2006 Nov 2, Wave Systems Corp.
announced today that on Thursday, November 9th at 4:30 p.m. EST it
will host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave's results for the third quarter
ended September 30, 2006. Wave's results will be issued after the
market's close that day. WEBCAST/REPLAY: available at
http://www.wave.com and archived for 30 days. TELEPHONE: via
212-231-6010 or 415-537-1888. Please call five minutes in advance.
(IHub #132,258, 11/2/06)
2006 Nov 6, Wave Systems Corp.
announced today that it will demonstrate its EMBASSY line of
enterprise security software at the Cartes IT Security trade show,
November 7-9, at the Centre des Expositions in Villepinte,
France (www.cartes.com).
(IHub #132,532, 11/6/06)
2006 Nov 9, Wave Systems Corp.
announced revenues of $850k with and a loss of .12 per share vs .15
per share a year earlier.
(WSJ, 11/9/06, p.)
2006 Nov 20, Wave Systems Corp.
(NASDAQ: WAVX) today announced that its EMBASSY(R) Trust Suite (ETS)
client software family has been thoroughly tested and certified for
use on HP business desktop and notebook PCs with a hardware security
chip called a Trusted Platform Module (TPM) that integrates the core
elements of trust into the subsystem.
(IHub #133,750, 11/20/06)
2006 Nov 28, eSign Systems, a
division of Wave Systems Corp., today announced the launch of
electronic signature and electronic vault enhancements to Efficient
Forms' industry leading electronic contracting and online insurance
application solutions. The new Efficient Contracting Solution and
enhanced Efficient Application Solution are available immediately.
(IHub #134,093, 11/28/06)
2007 Jan 3, Wave Systems Corp.
today announced that it has signed a licensing agreement with
Deepnet Security, a leading provider of strong, two-factor
authentication solutions, to permit Deepnet to arm Deepnet's Smart
ID(TM) virtual smart cards with Wave's hardware-based security
technology designed to protect users' digital identities.
(IHub #135,272, 1/3/07)
2007 Jan 8, Wavexpress, a
provider of broadband media technology and services, majority-owned
by Wave Systems Corp. today announced the release of a new version
of its TVTonic(TM) application that is designed to make optimal use
of the power of Windows Media Center in Windows Vista and to allow
users to watch thousands of their favorite short-form online videos
in a broadcast-like viewing experience. This new version, available
through Online Media in Windows Media Center on Windows Vista Home
Premium and Ultimate Editions, introduces users to the next
generation of Internet television and is designed for remote control
TV surfing.
(IHub #135,604, 1/8/07)
2007 Jan 24, Wave Systems Corp.
a developer of trusted computing solutions and services, announced
today that its CEO, Steven Sprague, will present at the third-annual
America's Growth Capital Information Security Conference on Monday,
February 5th from 2:45 p.m. to 3:15 p.m. PST. The conference, which
is being co-hosted by Soleil Securities, will be held in San
Francisco.
(IHub #136400, 1/24/07)
2007 Jan 31, Wave Systems Corp.
today introduced the EMBASSY® Remote Administration Server
(ERAS), which is designed to enable enterprise adoption of Trusted
Platform Module (TPM) capabilities and deployment of trusted
computing within business infrastructure. ERAS is the industry's
first solution that can control secure devices from a central server
creating a unified trust network for broad, no-touch, deployment and
management of TPM hardware security chips.
(IHub #136,765, 1/31/07)
2007 Feb 1, Wave Systems Corp.
(NASDAQ: WAVX; www.wave.com) announced today that Wave executive
vice president of marketing and sales, Brian Berger, will be a
featured
speaker at the upcoming RSA Conference 2007, February 5-9, at the
Moscone Center, San Francisco, Calif. Berger will serve as a speaker
in two roles: He will participate in a panel discussion titled
"Emerging Solutions in Enterprise IAM: The Amazing NAC Race," on
Tuesday, February 6, as well as offer the stand-alone presentation
on Friday, February 9, "Trusted Computing - Not So Futuristic
Anymore."
(IHub #136,892, 2/1/07)
2007 Feb 20, Wave Systems Corp.
announced today that Wave CEO, Steven Sprague, will be presenting at
Security Research Associates' 3rd Annual Winter Technology &
Healthcare Conference. The SRA conference, for institutional
investor clients, will be held on Monday, February 26th at the Omni
Hotel in San Francisco. Wave's presentation is scheduled for 2:30
p.m. PST in North Beach Room B.
(IHub #137,819, 2/20/07)
2007 Mar 6, Wave Systems Corp.
announced today that on Wednesday, March 14th at 4:30 P.M. EST it
will host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave's results for the fourth quarter
and year ended December 31, 2006. Wave's results will be issued
after the market's close that day.
(IHub #138,614, 3/5/07)
2007 Mar 8, Wave Systems Corp.
today announced support for Microsoft's new Windows Vista operating
system and compatibility with Wave's latest version of its
EMBASSY(R) Trust Suite security software. Wave's software is Windows
Vista ready and builds upon the new operating system's data
protection feature set, providing EMBASSY full-featured solutions
for data protection, strong authentication and interoperable Trusted
Platform Module (TPM) system management. A TPM is an industry
standard silicon chip that can be used to provide an enhanced level
of PC security and user authentication by providing secure storage
for keys, passwords and digital certificates.
(IHub #138,730, 3/8/07)
2007 Mar 14, Wave Systems Corp.
today reported results for the fourth quarter (Q4) and year ended
December 31, 2006 and reviewed recent corporate progress and
developments. Principally reflecting a 155% increase in license
revenues in Q4 2006 versus last year, Wave's Q4 2006 net revenues
rose to $866,000, compared to Q4 2005 net revenues of $348,000 and
Q3 2006 net revenues of $846,000. The improvement in license
revenues was principally due to royalties earned from increased
shipments of Wave software by Wave's OEM partners. Wave's services
revenues in Q4 2006 were $12,000 versus services revenue of $13,000
in the year ago period. For Q4 2006 Wave reported a net loss of $4.8
million, or $0.12 per basic share, including non-cash, share-based
compensation expense of $414,268, or $0.01 per basic share, recorded
in accordance with the implementation of SFAS 123® for
"Share-based Payment," effective January 1, 2006. Wave's Q4 2005 net
loss of $4.5 million, or $0.15 per basic share, did not include any
share-based compensation expense. Per share figures are based on a
weighted average number of basic shares outstanding in the fourth
quarters of 2006 and 2005 of 41,054,796 and 29,711,000,
respectively. Wave's shares outstanding and loss per share figures
for the fourth quarter and full year periods in 2006 and 2005 have
been adjusted to reflect the Company's 1-for-3 reverse stock split
that went into effect on July 26, 2006.
(IHub #139,300, 3/14/07)
2007 Mar 15, Wave Systems Corp.
today announced the availability of advanced management software
delivered on a new generation of Seagate Technology encrypting
notebook PC hard drives, enabling a significant step forward in data
security for laptops.
New versions of Wave's EMBASSY(R) Security Center including EMBASSY
Trusted Drive Manager (ETDM) and the EMBASSY Remote Administration
Server (ERAS) software now support Seagate's Momentus 5400 (Full
Disc Encryption) FDE.2 hard drive, the latest generation of
Seagate's FDE drives based on the company's DriveTrust(TM)
technology.
(IHub #139,504, 3/15/07)
2007 Mar 26, Wave Systems Corp.
announced today that it has licensed its eSign Transaction
Management Suite (eTMS) for integration into the eFolder of the
Encompass® Mortgage Automation System, Ellie Mae Inc.'s first
electronically-signed mortgage document solution.
(IHub #140,272, 3/26/07)
2007 Mar 28, Wave Systems Corp.
announced today that it has entered into a license agreement with
DigitalPersona, Inc. permitting Wave to incorporate the
DigitalPersona(R) Pro Fingerprint Authentication technology into the
EMBASSY Trust Suite(R) (ETS) Enterprise Edition product family.
(IHub #140,409, 3/28/07)
2007 Apr 9, Wave Systems Corp.
announced today it will participate in PrecisionIR Group's Security
& Defense Online Forum on Tuesday April 10, 2007 at 9:30 a.m.
EDT. All interested investors are welcome to participate.
(AP, 4/9/07)
2007 Apr 16, Wave Systems Corp.
today announced the company will showcase the advanced features of
its Trusted Computing solutions at key industry events in the U.S.
and UK this month. Representatives of the company will demonstrate
Wave's EMBASSY® Trusted Drive Manager and Remote Administration
Server for simplistic enterprise deployment, use and full remote
management of the next generation of full disc encrypting laptop
hard drives. In addition, Wave will display its EMBASSY Trust Suite
of security applications designed to work with Trusted Platform
Module chip-enabled PCs. The company will also showcase the virtual
smart card approach to leveraging the Trusted Platform Module chip
for hardware-based protection of encryption keys.
(IHub #141,392, 4/16/07)
2007 Apr 19, Wavexpress, a
provider of broadband media technology and services, majority-owned
by Wave Systems Corp., today announced general availability of
TVTonic(TM) version 3.2, a free offering designed specifically to
make optimal use of the power of Windows Media Center and Windows
Vista. TVTonic brings the wealth of Internet video into an
entertaining and reliable living-room television experience and
ushers in a new era of quality for PC viewing of Internet video. The
result is a real-time, full-screen viewing experience that can rival
standard digital television. For premium content providers and
advertisers, TVTonic offers a simple and compelling distribution
channel for reaching the millions of Media Center and Xbox systems
already deployed.
(IHub #141,552, 4/19/07)
2007 May 3, Wave Systems Corp.
announced today that on Thursday, May 10th at 4:30 P.M. EDT it will
host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave's results for the first quarter
ended March 31, 2007. Wave's results will be issued after the
market's close that day. WEBCAST/REPLAY: available at
http://www.wave.com and archived for 30 days. TELEPHONE: via
212-676-5360 or 415-537-1850. Please call five minutes in advance.
(IHub #143,821, 5/3/07)
2007 May 10, Wave Systems Corp.
today reported results for the first quarter (Q1) of 2007 and
reviewed recent corporate progress and developments. Principally
reflecting an increase in license revenues in Q1 2007 versus last
year, Wave's Q1 2007 net revenues increased to $1,287,000, compared
to Q1 2006 net revenues of $493,000 and Q4 2006 net revenues of
$866,000.
(IHub #144,359, 5/10/07)
2007 May 11, Wave Systems Corp.
(NASDAQ: WAVX) and Winbond Electronic Corp. today announced they
have amended their existing licensing agreement to include a license
for the latest version of Wave's EMBASSY(R) Trust Suite (ETS)
Winbond Edition security software. Under the agreement, Winbond is
now permitted to bundle and distribute this security software suite
from Wave with all of Winbond's Trusted Platform Module (TPM) 1.2
security chips shipping in personal computers. The agreement does
not provide for guaranteed minimum or maximum shipped quantities or
royalties.
(IHub #144,466, 5/11/07)
2007 May 14, Wave Systems Corp.
today announced the company will showcase its data protection
management software for the new generation of fully encrypting
notebook PC hard drives from Seagate Technology and will demonstrate
its solutions for strong authentication and establishing machine
identity at the Microsoft WinHEC 2007 conference taking place this
week in Los Angeles.
(IHub #144,611, 5/14/07)
2007 May 15, Wave Systems Corp.
today announced the company will showcase its data protection
management software for the new generation of fully encrypting
notebook PC hard drives from Seagate Technology (NYSE:STX) and will
demonstrate its solutions for strong authentication and establishing
machine identity at the Microsoft WinHEC 2007 conference taking
place this week in Los Angeles.
(IHub #144,726, 5/15/07)
2007 May 24, Wave Systems
Corp., a developer of trusted computing solutions and services,
announced that it has agreed to sell 7,317,073 shares of its Class A
common stock at a price of 2.05 per share, yielding gross
proceeds of approximately $15 million. The net proceeds of the
financing, approximately $14.2 million, will be used to fund Wave's
ongoing operations.
(IHub #145,092, 5/24/07)
2007 Jul 31, Wave Systems Corp.
announced today that on Wednesday, August 8th at 4:30 P.M. EDT it
will host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave's results for the second quarter
ended June 30, 2007. Wave's results will be issued after the
market's close that day. WEBCAST/REPLAY: available at
http://www.wave.com and archived for 30 days. Phone: via
212-231-6010 or 415-537-1900.
(IHub #148,545, 7/31/07)
2007 Aug 8, Wave's Q2 2007 net
revenues rose to $1,410,000, compared to Q2 2006
net revenues of $910,000. For Q2 2007 Wave reported a net loss of
$4,841,000, or $0.11 per basic and diluted share, compared to a Q2
2006 net loss of $4,539,000, or $0.13 per basic and diluted share.
(IHub #149,021, 8/8/07)
2007 Aug 27, Wave Systems Corp.
today announced that its latest edition of EMBASSY® Trust Suite
software is shipping with the new series of desktop motherboards
from Intel Corporation. Intel® Desktop Boards Executive Series
is the fifth generation of Intel boards to include Wave's software.
(IHub #150,461, 8/27/07)
2007 Sep 4, Wave Systems Corp.
today announced it will be conducting demonstrations using its
EMBASSY® software to manage security functions for the Trusted
Platform Module (TPM) security chips found on many enterprise-class
desktop and notebook PCs shipping today. Organizations can
immediately address the critical problems of data protection, strong
authentication and threats to their existing Network Access Control
solutions using Wave's software in conjunction with the TPM.
(IHub #150,987, 9/4/07)
2007 Sep 18, Wave Systems
Corp., a leader in delivering trusted computing applications and
services with advanced products, infrastructure and solutions across
multiple trusted platforms, today announced it will demonstrate the
capabilities of its EMBASSY® technology on a development
Intel® vPro(TM) processor technology platform.
(IHub #151,887, 9/18/07)
2007 Sep 20, Wavexpress, a
provider of broadband media technology and services, majority-owned
by Wave Systems Corp., today announced the release of a new upgrade
to TVTonic(TM) that is designed to allow native playback of
QuickTime video within Windows Vista Media Center, the remote
controlled media interface in the Microsoft Vista Home Premium and
Ultimate platforms. This new upgrade opens up a wealth of video and
media content created in QuickTime to Media Center users, whether
they choose to tap hundreds of QuickTime video feeds available
directly through TVTonic, or choose to play their own content
outside of TVTonic (through Media Center's My Videos, for example).
(IHub #151,987, 9/20/07)
2007 Sep 24, Ping Identity, a
market leader in secure Internet single sign-on, and
Wave Systems Corp., a leader in trusted computing applications and
services, today announced that they are demonstrating how their
respective, standards-based products can be integrated to provide
strong multifactor authentication of individual identity and then
federate that identity from the desktop to any standards-based Web
application. The combined solution can allow enterprise customers to
seamlessly achieve stronger user authentication security and single
sign-on access to data and services inside and outside the
enterprise network.
(IHub #152,150, 9/24/07)
2007 Oct 3, Wave Systems Corp.,
today announced a strategic partnership with Convergent Computing,
(CCO), a California-based technology services consulting firm for
medium and large businesses. Pursuant to the agreement, CCO will
advise its clients on the uses and help with the implementation of
Wave's EMBASSY(TM) line of trusted computing solutions for data
protection, strong authentication, and interoperable Trusted
Platform Module (TPM) system management to enterprises in
California, Oregon and Washington.
(IHub #152,582, 10/3/07)
2007 Oct 15,
Members of the Trusted Computing Group (TCG) have elected
representatives from Fujitsu Limited, Seagate Technology and Wave
Systems Corp. to the organization's board of directors.
(IHub #153,021, 10/15/07)
2007 Oct 15, eSign Systems, a
division of Wave Systems Corp., today announced the availability of
SmartSigning Room(TM), an extension of the eSign Transaction
Management Suite (eTMS), a software solution that helps enable
originators, lenders, document providers, third-party mortgage
vendors and other users to create, sign, store, access and manage
the lifecycle of legally binding electronic documents. The
SmartSigning Room offers users a secure, personal environment to
electronically access and legally sign documents online, improving
both loan disclosure and modification processes. Wave also announced
that DocuTech, Inc., the Idaho Falls-based provider of compliance
services and documentation technology for the mortgage industry, has
completed integration of SmartSigning Room with its current library
of mortgage documents.
(IHub #153,023, 10/15/07)
2007 Oct 19,
Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) today announced that
two of the company’s top executives will share industry expertise
alongside fellow Trusted Computing Group (TCG) members in a featured
educational seminar at the RSA Conference Europe 2007. The RSA
conference will be held from October 22-24, 2007 at ExCel London,
U.K. More information is available online at
http://www.rsaconference.com/2007/Europe/.
(IHub #153,255, 10/19/07)
2007 Oct 22,
Wavexpress, a provider of broadband media technology and
services, majority-owned by Wave Systems Corp., today announced a
new content license with Next New Networks. This license allows
Wavexpress to offer a dozen new channels from Next New Networks’
micro-television network on Wavexpress’ Internet television
application, TVTonic, giving users access to a total of over 370
channels of online video content. The new channels being added to
TVTonic’s lineup include Next New Networks’ full selection of
micro-television networks, with content driven and created by the
viewers they serve.
(IHub #153,328, 10/22/07)
2007 Oct 24,
Wavexpress, a provider of broadband media technology and
services, majority-owned by Wave Systems Corp., today announced a
new content license with The Weather Channel that will give TVTonic
viewers the latest weather reports on demand. The Weather Channel
will be providing TVTonic with 10 new channels that span both
national and regional weather.
(IHub #153,397, 10/24/07)
2007 Oct 25, Wave Systems Corp.
a leader in delivering trusted computing applications and services,
and Safend, Inc, a leading provider of data leakage prevention
solutions today announced a sales referral agreement. Enterprises
deploying technologies from Wave and Safend can benefit from a
layered security approach: Wave’s software is designed to manage
trusted security hardware to encrypt data and restrict access to
corporate information, while Safend’s comprehensive endpoint
security solutions can help ensure data does not leave the
corporation through unauthorized removal of storage and wireless
devices.
(IHub #153,454, 10/25/07)
2007 Nov 1, Wave Systems Corp.,
chart, profile, more Last: announced today that on Wednesday,
November 7th at 4:30 P.M. EST it will host a webcast/conference call
reviewing recent corporate and industry progress as well as Wave's
results for the third quarter ended September 30, 2007. Wave's
results will be issued after the market's close that day.
WEBCAST/REPLAY: available at http://www.wave.com and archived for 30
days. Phone: via 212-896-6169 or 415-537-1841. Please call five
minutes in advance.
(IHub #153792, 11/1/07)
2007 Nov 7, Wave Systems Corp.
reported a net loss of 10 cents per share vs. a 12 cents loss a year
earlier. Revenue for the 3rd quarter was 1.73 million.
(IHub #154,074, 11/7/07)
2007 Nov 13, Wave Systems Corp.
today announced the company will showcase its EMBASSY® line of
trusted computing solutions at Cartes 2007, November 14-17, at the
Paris-Nord Villepinte Exhibition Centre in Paris, France. Wave
representatives will be present to conduct demonstrations at the
following partner locations: WHERE: Infineon booth #4J002 WHAT:
Demonstrations of Wave EMBASSY Trust Suite (ETS); EMBASSY Remote
Administration Server (ERAS); and EMBASSY Trusted Drive Manager
(ETDM) WHERE: ST Microelectronics booth #4G032 WHAT: EMBASSY Trusted
Drive Manager; EMBASSY Trust Suite. Wave will join Infineon with
fellow members of the Silicon Trust organization, created by
Infineon in 2003 and comprised of other security partners. Attendees
will see demonstrations of Wave’s ETS, a collection of practical,
easy-to-use applications that can allow enterprises to enhance PC
security by utilizing the Trusted Platform Module (TPM), an open
standards security chip that serves as a tamper-resistant storage
vault for user credentials.
(IHub #154490, 11/13/07)
2007 Nov 26, Wave Systems
Corp., today announced it has completed a reseller agreement with
Frontline Technologies Corporation Ltd., a leading IT Services
provider in Asia. Under this agreement Frontline is authorized to
market and sell Wave’s line of client and server software solutions
in the greater Asia Pacific region, as well as advise its clients on
the uses of those solutions to strengthen data protection, strong
authentication and network access control throughout the client’s
enterprise.
(IHub #154,874, 11/26/07)
2007 Dec 11, Wave Systems
Corp., today announced that it has surpassed the 20-million unit
mark for shipments of its flagship EMBASSY Trust Suite software,
with more than 16 million copies shipped year-to-date by PC OEM
partners in 2007. An expanding base of enterprise users can now
elect to use this software to improve data protection, implement
stronger user and machine authentication, and mitigate hidden
threats to network access control protection.
(IHub #155,669, 12/11/07)
2007 Dec 11, NEC Computers, a
subsidiary of NEC Corp., today unveiled new secure laptops with
built-in hardware security enabling strong authentication and
encryption designed to prevent unauthorized access to laptop
information in the event the system or hard drive is lost or stolen…
The new data security offering combines the Seagate® Technology
(NYSE: STX) Momentus® FDE.2 (Full Disc Encryption) hard drive
with DriveTrustTM technology and Wave's EMBASSY® software into
an easy-to-use and scalable solution that enables organizations to
provide comprehensive data protection and automated compliance
auditing for lost, stolen or recycled laptops.
(http://www.nec-computers.com/News/news.asp?id=133)
2007 Dec 20, Wave Systems Corp.
has been named a finalist in the SC Magazine Awards program for
outstanding achievement in information-technology (IT) security. The
company’s EMBASSY® security management software has been
recognized in the Reader Trust Award Best Endpoint Security Solution
category of the competition.
(IHub #156,279, 12/20/07)
2008 Jan 14, Wave Systems Corp.
("Wave" or "the Licensor" ) signed an amendment to its software
license agreement with Dell Products, L.P. ("the OEM") extending the
term of the agreement to January 2011. Pursuant to the existing
agreement, the OEM is permitted to distribute Wave's EMBASSY Trust
Suite (ETS) software on certain of its PCs that include Trusted
Platform Module security chips.
(IHub #157,362, 1/14/08)
2008 Jan 28, Jan. 28,
2008--Wave Systems Corp. today announced the availability of its
newest version of EMBASSY Remote Administration Server (ERAS), 1.5,
its
multi-platform server software that provides centralized
administration and management for trusted hardware security
throughout the enterprise.
(IHub #158,094, 1/28/08)
2008 Feb 4, Wave Systems Corp.
announced today that Wave CEO, Steven Sprague, will be presenting at
Security Research Associates' 4th Annual Winter Technology
Conference. The SRA conference, for institutional investor clients,
will be held on Monday, February 11th at the Omni Hotel in San
Francisco. Wave's presentation is scheduled for 11:30 a.m. PST in
North Beach Room B.
(IHub #158,306, 2/4/08)
2008 Feb 12, Wavexpress, a
provider of broadband media technology and services, majority-owned
by Wave Systems Corp., today announced a new content license with ON
Networks, a leading new media company. The content license will
allow Wavexpress to feature five of ON Networks’ entertaining and
engaging TV shows in high-definition (HD) in its free Internet
television application, TVTonic.
(IHub #158,637, 2/12/08)
2008 Mar 3, Wave Systems
Corp., a leading developer of trusted computing solutions and
services, announced that it has agreed to sell 3,173,500 shares of
its Class A common stock at a price of $1.10 per share, yielding
gross proceeds of approximately $3.5 million. Investors in the
private placement will also receive five-year warrants to purchase
an aggregate of 952,050 shares of Wave’s Class A Common Stock for
$1.15 per share. The net proceeds of the financing, approximately
$3.3 million, will be used to fund Wave’s ongoing operations.
(IHub #159,851, 3/2/08)
2008 Mar 3, Based upon our
current expense forecast, assuming current revenue levels, we
estimate that our current available capital (including capital
raised in this offering) is sufficient to fund Wave into June 2008.
In addition to our efforts to begin to generate revenue sufficient
to fund our operations, or complete one or more commercial or
strategic transactions, Wave is evaluating additional financing
options to generate additional capital in order to continue as a
going concern, to capitalize on business opportunities and market
conditions and to insure the continued development of our
technology, products and services. We estimate, based upon our
current forecasts, we will need to generate approximately
$12,700,000 from a combination of revenue growth, commercial or
strategic transactions and/or additional financings, to continue as
a going concern for the twelve-months ending February 28, 2009.
(IHub #160,038, 3/3/08)
2008 Mar 6, Wave Systems Corp.
announced today that on Thursday, March 13th at 4:30 p.m. ET it will
host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave’s results for the fourth quarter
and year ended December 31, 2007. Wave’s results will be issued
after the market’s close the same day.
(IHub #160380, 3/7/08)
2008 Mar 10, LSI Corp today
announced that it has signed a definitive agreement to acquire the
assets of the hard disk drive semiconductor business of Infineon
Technologies AG. The agreement calls for LSI to purchase the assets
and IP of the Infineon HDD business, which includes product designs,
related software, inventory and test equipment. The transaction is
expected to close within 60 days.
(www.storagesearch.com/news2008-mar2.html)
2008 Mar 13, Wave Systems
Corp., today announced that it has completed the qualification and
testing of its EMBASSY Trust Suite, including the EMBASSY Trusted
Drive Manager software, on Lenovo PCs with Seagate Momentus(R) FDE
hard drives, adding Lenovo to the list of its supported OEMs
offering robust hardware data protection. Wave's Trusted Drive
Manager software, Lenovo Edition, is now available as an option on
the ThinkPad R61 series with Seagate Momentus Full Disc Encryption
(FDE) hard drives.
(IHub #160636, 3/13/08)
2008 Mar 13, Wave Systems Corp.
today reported Q4 2007 net revenues rose 116% to a record
$1,875,000, compared to Q4 2006 net revenues of $866,000. The higher
level of license revenues was principally due to royalties earned
from a significant increase in the number of bundled shipments of
Wave software by OEM partners. Gross profit rose to $1,643,000 in Q4
2007, or a gross profit margin of 88%, compared to gross profit of
$656,000 in Q4 2006, or a gross profit margin of 76%, principally
reflecting higher sales volumes on fully amortized software costs,
offset somewhat by higher customer support costs. Wave reported a Q4
2007 net loss of $5.3 million, or $0.11 per basic share, compared to
a Q4 2006 net loss of $4.8 million, or $0.12 per basic share.
(IHub #160640, 3/3/08)
2008 Mar 17, Wave Systems Corp.
announced today that it has licensed its eSign Transaction
Management Suite (eTMS) to SigniaDoc for integration into
SigniaDoc’s SigNet eDoc Management Solutions. Wave’s trusted
electronic signature and vault solutions can now be used to automate
SigNet eDoc Management Solutions by eliminating the need for ink
signatures, as well as the expense of paper document processing and
transportation of mail, overnight delivery, faxes and other types of
delivery services utilized today. In addition, Wave’s solutions can
eliminate the need to re-key data throughout the mortgage process,
resulting in increased efficiency, data integrity and accuracy
throughout the mortgage transaction.
(IHub #161036, 3/17/08)
2008 Mar 25, Wave Systems Corp.
a developer of trusted computing solutions and services, announced
today that Brian Berger, Wave EVP, marketing and sales, will provide
an investment community overview of Wave Systems products and
strategy at the fourth annual America's Growth Capital Information
Security Conference on Monday, April 7th from 8:30 a.m. to 9:00 a.m.
PDT. Gerard Feeney, Wave's CFO and Lark Allen, Wave's EVP, business
development, will be available for one-on-one meetings following the
presentation. The conference is being presented in cooperation with
Soleil Securities Group and will be held at the Hilton San Francisco
hotel. Live Webcast: A live audio webcast of Wave's presentation
will be available to all investors on Wave's website at
http://www.wave.com or via http://www.wsw.com/webcast/agc7/wavx/
2008 Apr 4, Wave Systems Corp.
today announced that Steven Sprague, president and CEO, and Brian
Berger, executive vice president, marketing and sales, and Trusted
Computing Group marketing Co-chair and board member, will present at
RSA Conference 2008, one of the security industry’s top annual
events. The show takes place April 7-11, at the Moscone Center in
San Francisco, Calif.
(IHub #162,190, 4/4/08)
2008 Apr 7, Wave Systems Corp.
today announced it will conduct multiple demonstrations for strong
authentication and data protection with its EMBASSY® line of
interoperable software for managing hardware security at RSA
Conference 2008, April 7-10, at the Moscone Center. Demonstrations
will focus on showing available solutions that support the
next-generation Intel® Centrino 2 with vPro technology platform
(code named Montevina), with an integrated Intel® TPM v. 1.2. In
addition, the company will also showcase its capabilities for
management of the Seagate Momentus® 5400 FDE.2 line of FDE
drives.
(IHub #162,266, 4/7/08)
2008 Apr 8, Wave Systems Corp.
today announced a proof-of-concept solution for ensuring the
integrity of data protection hardware. At RSA Conference 2008, Wave
will show the Trust-and-Verify Web service, in which a server
interrogates computers seeking access to sensitive data in order to
verify the status of their Seagate full disk encryption hard drive.
Only after this verification step occurs and the level of data
protection is deemed adequate, can a PC download requested data.
This next-generation solution measures and reports the integrity of
a user’s PC, a critical requirement for protecting sensitive
information.
(IHub #162,348, 4/8/08)
2008 Apr 8, Wave Systems Corp.
today announced it has completed a reseller agreement with SafeNet,
Inc., a global leader in information security. Wave is now
authorized to globally market and distribute SafeNet’s ProtectDrive
line of software disk encryption products. Wave may also advise
clients on the uses of SafeNet’s products in conjunction with its
own software to enable both software- and hardware-based data
protection throughout the enterprise.
(IHub #162,350, 4/8/08)
2008 Apr 18,
Notice is hereby given that the 2008 Annual Meeting of
Stockholders of Wave Systems Corp. (the "Company") will be held at
4:00 p.m. on Monday, June 9, 2008 at The New York Helmsley Hotel,
212 East 42nd Street, New York, New York.
(IHub #162,990, 4/18/08)
2008 Apr 29, Wave Systems Corp.
today announced that it will demonstrate a Network Access Control
(NAC) solution that verifies the presence and state of a full disk
encryption hard drive as a prerequisite for network access, assuring
that only computers that comply with an organization’s encryption
policy are allowed on the network. Wave will also show how
standards-based, client PC security hardware can ensure the
integrity of the machines on a corporate network, thus extending the
capabilities of traditional NAC solutions. The demonstrations will
take place at the Trusted Computing Group’s booth (#421) at Interop
Las Vegas 2008, located at the Mandalay Bay Convention Center, from
April 29-May 2.
(IHub #163,640, 4/29/08)
2008 Apr 29, Wave Systems Corp.
announced that it received a notice today from the Listing
Qualifications division of The Nasdaq Stock Market indicating that
the Company’s common stock is subject to potential delisting from
The Nasdaq Global Market because the market value of the Company’s
common stock was below $50 million for 10 consecutive business days,
and, therefore, did not meet the requirement set forth in Nasdaq
Marketplace Rule 4450(b)(1)(A) (the “Rule”). The notice further
stated that the Company is not in compliance with an alternative
test, Nasdaq Marketplace Rule 4450(b)(1)(B), which requires total
assets and total revenue of $50 million each for the most recently
completed fiscal year or two of the last three most recently
completed fiscal years.
(IHub #163,649, 4/29/08)
2008 May 5, Wave Systems Corp.
announced that it received notification today from the Listing
Qualifications division of The Nasdaq Stock Market indicating that
the Company’s Class A Common stock is subject to potential delisting
from The Nasdaq Global Market because for the last 30 consecutive
business days, the bid price of the Company’s Class A common stock
has closed below the minimum $1.00 per share requirement for
continued inclusion under Nasdaq Marketplace Rule 4450 (the “Bid
Price Rule”). This notice follows the previous notice received by
Wave on April 29, 2008 from Nasdaq’s Listing Qualifications division
indicating that Wave’s common stock is subject to potential
delisting from The Nasdaq Global Market because the market value of
Wave’s common stock was below $50 million for 10 consecutive
business days, and, therefore, did not meet the requirement set
forth in Nasdaq Marketplace Rule 4450(b)(1)(A) (the “Market Value
Rule”).
(IHub #164,066, 5/5/08)
2008 May 6, Wave Systems Corp.
announced today that on Monday, May 12th at 4:30 P.M. ET it will
host a webcast/conference call reviewing recent corporate and
industry progress as well as Wave’s results for the first quarter
ended March 31, 2008. Wave’s results will be issued after the
market’s close that day. Phone: 212-896-6169 or 415-537-1810.
(AP, 5/6/08)
2008 May 12, Wave Systems Corp.
announced it is participating in Dell’s global “Future of Computing”
Road Show, demonstrating the company’s hardware-based data
protection solutions with Seagate Technology, LLC. The tour
encompasses 149 cities worldwide, with the first leg of the U.S.
tour starting May 13, 2008 in Pittsburgh. The European tour began in
Berlin on April 22, 2008. The full tour is expected to draw close to
10,000 attendees comprised of IT directors, managers and
administrators.
(IHub #164,464, 5/12/08)
2008 May 12, Wave Systems Corp.
today reported results for the first quarter (Q1) of 2008 and
provided an update on corporate progress and developments.
Reflecting an increase in license revenues, Wave's Q1 2008 net
revenues rose 32% to $1.7 million, compared to Q1 2007 net revenues
of $1.3 million. Wave's improvement in license revenues was
principally due to royalties earned from increased shipments of Wave
software by Wave's leading OEM partner. Gross profit for Q1 2008
rose to $1.5 million compared to $1.1 million in Q1 2007, reflecting
the higher level of sales.
(IHub #164,489, 5/12/08)
2008 May 23, Wave Systems
Corp., a leading developer of trusted computing solutions and
services, announced that it is selling to investors 2,151,250 shares
of its Class A common stock at a price of $0.80 per share, yielding
gross proceeds of approximately $1.7 million. Investors will also
receive three-year warrants to purchase an aggregate of 537,812
shares of Wave’s Class A Common Stock for $0.85 per share. The net
proceeds of the financing, approximately $1.6 million, will be used
to fund Wave’s ongoing operations.
(IHub #165346, 5/23/08)
2008 May 30, Wave Systems Corp.
announced that it today received notification from The Nasdaq Stock
Market indicating that Wave had failed to regain compliance with the
Market Value Rule for continued inclusion on The Nasdaq Global
Market. Under the Nasdaq rules, Wave plans to request an appeal
hearing before the Listings Qualifications Panel and expects such
hearing to be held within four to six weeks. However, there can be
no assurance that the Panel will grant the Company's request for
continued listing. The Company's shares will continue to be listed
on The Nasdaq Global Market pending the outcome of the appeal. In
the event of an unfavorable determination by the Listing
Qualifications Panel, the Company would alternatively apply to have
its common stock transferred to The Nasdaq Capital Market, as long
as it satisfies the applicable initial listing requirements for such
market other than the minimum bid requirement. The Company may also
elect to make such application prior to the hearing of the appeal.
If such application is approved, Wave may be afforded the remainder
of The Nasdaq Capital Market's 180 calendar day compliance period
(i.e. until November 3, 2008) in order to regain compliance with the
Bid Price Rule.
(IHub #165,587, 5/30/08)
2008 Jun 2, Wave Systems
announced today that it has accepted an invitation from the Trusted
Computing Group (TCG) to assume a permanent seat on its Board of
Directors, joining permanent members AMD, HP, IBM, Infineon, Intel,
Lenovo, Microsoft, Sun and Seagate Technology. Wave has also agreed
to elevate its membership status to the highest level of TCG
“Promoter.” Permanent members of the TCG Board provide guidance to
the organization’s work groups in the creation of the specifications
to protect PCs and other computing devices from attacks and to help
prevent data loss and theft.
(IHub #165,633, 6/2/08)
2008 Jun 3, Wave Systems Corp.
announced it is participating in Dell's global "Future of Computing"
Road Show, demonstrating the company's hardware-based data
protection solutions with Seagate Technology, LLC. The tour
encompasses 149 cities worldwide, with the first leg of the U.S.
tour starting May 13, 2008 in Pittsburgh. The European tour began in
Berlin on April 22, 2008. The full tour is expected to draw close to
10,000 attendees comprised of IT directors, managers and
administrators.
(IHub #165,708, 6/3/08)
2008 Jun 16, Wave Systems
announced today that it has received notice from the Nasdaq Listing
Qualifications Hearings department that it has regained compliance
with the Nasdaq Marketplace Rules 4450(b)(1)(A) and 4450 relating to
the market value and minimum bid price of the Company’s Class A
Common Stock. Because the Company has regained compliance with these
rules, a previously scheduled hearing with the Listing
Qualifications Panel has been deemed moot and will not be held.
(IHub #166,321, 6/16/08)
2008 Jun 19, Wave Systems Corp.
today announced that its eSign Transaction Management Suite (eTMS)
has been authorized by Wells Fargo & Co.'s mortgage division for
use by its correspondent lenders as an eDisclosure solution. Wells
Fargo's correspondents that have received approval to deliver
electronic disclosures may elect to use the SmartSigning Room and
SmartSignature applications to streamline electronic mortgage
disclosures and help secure customer commitment early in the lending
process.
(IHub #166,460, 6/19/08)
2008 Jun 23, Wavexpress, a
provider of broadband media technology and services, majority-owned
by Wave Systems Corp., has been selected by NBC Universal, Inc., to
develop, host, and support a service for viewing NBC’s coverage of
the 2008 Beijing Olympic Games in Microsoft’s Windows Vista Media
Center. The announcement was made today by Perkins Miller, Senior
Vice President, Digital Media, NBC Sports and Olympics, and Michael
Sprague, President of Wavexpress.
(IHub #166,595, 6/23/08)
2008 Jun 24, An array of
prominent names in the high-technology community today announced the
formation of a non-profit foundation, The Information Card
Foundation, to advance a simpler, more secure and more open digital
identity on the Internet, increasing user control over their
personal information while enabling mutually beneficial digital
relationships between people and businesses.
(IHub #166,850, 6/24/08)
2008 Jul 1, Wave Systems Corp.
a leading developer of trusted computing solutions and services,
announced that it is selling to investors 1,880,500 shares of its
Class A common stock at a price of $0.85 per share, yielding gross
proceeds of approximately $1.6 million. Investors in the offering
will also receive three-year warrants to purchase an aggregate of
470,125 shares of Wave's Class A Common Stock for $0.90 per share.
The net proceeds of the financing, approximately $1.5 million, will
be used to fund Wave's ongoing operations.
(IHub #167.141, 7/1/08)
2008 Jul 17, Wave Systems Corp.
announced that it received a notice today from the Listing
Qualifications division of The Nasdaq Stock Market indicating that
the Company’s common stock is subject to potential delisting from
The Nasdaq Global Market because the market value of the Company’s
common stock was below $50 million for 10 consecutive business days,
and, therefore, did not meet the requirement set forth in Nasdaq
Marketplace Rule 4450(b)(1)(A) (the “Rule”). The notice further
stated that the Company is not in compliance with an alternative
test, Nasdaq Marketplace Rule 4450(b)(1)(B), which requires total
assets and total revenue of $50 million each for the most recently
completed fiscal year or two of the last three most recently
completed fiscal years.
(Ihub #167,949, 7/17/08)
2008 Jul 21, Wavexpress, a
provider of broadband media technology and services, majority-owned
by Wave Systems Corp., today announced a partnership with YuMe, the
first dedicated advertising network created and optimized for
broadband video. The agreement integrates YuMe’s ad management
platform into TVTonic, Wavexpress’s free Internet television
service.
(Ihub #168,030, 7/21/08)
2008 Aug 11, Wave Systems Corp.
(NASDAQ: WAVX), a leading developer of trusted computing solutions
and services, announced that it is selling to investors 1,368,333
shares of its Class A common stock at a price of $0.60 per share,
yielding gross proceeds of approximately $821,000. Investors in the
offering will also receive three-year warrants to purchase an
aggregate of 342,083 shares of Wave's Class A Common Stock for $0.65
per share. The net proceeds of the financing will be used to fund
Wave's ongoing operations.
(Ihub #169,328, 8/11/08)
2008 Aug 11, Wave Systems Corp.
today reported results for the second quarter (Q2) and six months
ended June 30, 2008 and reviewed recent corporate progress and
developments. Reflecting an increase in license revenues, Wave’s Q2
2008 net revenues rose 41% to $1,985,000, compared to Q2 2007 net
revenues of $1,410,000, and Q1 2008 net revenues of $1,699,000. The
improvement in license revenues was principally due to increased
royalties from shipments of Wave software by OEM partners as well as
from initial growth in software license upgrades.
(Ihub #169,342, 8/11/08)
2008 Aug 12, WAVX announced
that it received notification today from the Listing Qualifications
division of The Nasdaq Stock Market indicating that the Company's
Class A Common stock is subject to potential delisting from The
Nasdaq Global Market because for the last 30 consecutive business
days, the bid price of the Company's Class A common stock has closed
below the minimum $1.00 per share requirement for continued
inclusion under Nasdaq Marketplace Rule 4450 (the "Bid Price Rule").
(Ihub #169,515, 8/12/08)
2008 Aug 13, Toshiba Storage
Device Division (SDD), an industry pioneer in small form factor hard
disk drives (HDDs), and Wave Systems Corp., a leader in trusted
computing applications and services, today announced an alliance to
develop a robust standards-based solution for the secure encryption
of data on mobile computing platforms, such as laptop PCs.
(Ihub #169,536, 8/13/08)
2008 Aug 18, Wave Systems Corp.
will demonstrate how enterprises can strengthen and simplify their
existing wireless and virtual private network (VPN) security by
harnessing the built-in technology on platforms featuring Intel(R)
vPro(TM) technology. This demonstration will illustrate how
enterprises can reduce expenses relating to tokens, smart cards or
complex authentication schemes by deploying PC platforms with
Intel(R) vPro(TM) technology in combination with Wave's EMBASSY(R)
software.
(Ihub #169,784, 8/18/08)
2008 Aug 19, Toshiba Storage
Device Division (SDD), a division involved in small form factor hard
disk drives (HDDs), and Wave Systems Corp., a company involved in
computing applications and services, announced an alliance to
develop a standards-based solution for the encryption of data on
mobile computing platforms such as laptop PCs. According to company
officials, the full disk encryption solution integrates Toshiba's
HDD encryption technology and an enhanced version of Wave's EMBASSY
Trusted Drive Manager and Remote Administration Server products for
the management and administration of encrypting hard drives.
(Ihub #169,862, 8/19/08)
2008 Aug 19, Wave Systems Corp.
announced that it today received notification from the Nasdaq Stock
Market indicating that Wave had failed to regain compliance with the
Market Value Rule for continued inclusion on The Nasdaq Global
Market. Under the Nasdaq rules, Wave plans to request an appeal
hearing before the Listings Qualifications Panel and expects such
hearing to be held within four to six weeks.
(Ihub #169,878, 8/19/08)
2008 Aug 20, Wave Systems Corp.
(NASDAQ: WAVX) announced today that it will demonstrate a
pre-production data theft protection and remote, out-of-band
management solution for platforms with Intel(R) vPro(TM) technology
for enterprise and small to-mid-sized businesses (SMB). Wave will
showcase pre-production management and data protection capabilities
for platforms with Intel(R) Anti-Theft Technology--advanced,
integrated hardware-based security technology--using Wave EMBASSY
Remote Administration Server (ERAS) and its client EMBASSY Trusted
Drive Manager (TDM). Demonstrations will take place at Wave's kiosk
in the Pro Zone.
(Ihub #169,883, 8/20/08)
2008 Sep 12, Wave Systems
Corp., a leading developer of trusted computing solutions and
services, announced that it is selling to investors 172 shares of
newly designated 8% Series I Convertible Preferred Stock at a price
of $4,400 per share, yielding gross proceeds in the amount of
$756,800. The net proceeds of the financing will be used to fund
Wave’s ongoing operations.
(Ihub #170,944, 9/12/08)
2008 Sep 30, Wave Systems
Corp., a leading developer of trusted computing solutions and
services, announced that it is selling to investors 48 shares of 8%
Series I Convertible Preferred Stock at a price of $4,400 per share,
yielding gross proceeds in the amount of $211,200. The net proceeds
of the financing will be used to fund Wave’s ongoing operations.
(Ihub #171,471, 9/30/08)
2008 Oct 14, Wave Systems Corp.
(NASDAQ: WAVX) recently completed a license agreement with Acer,
permitting the world's third-largest PC vendor to bundle an OEM
edition of its EMBASSY(R) Trust Suite (ETS) software with Acer's new
Veriton(TM) 670 line of business desktop PCs.
(Ihub #171,854, 10/14/08)
2008 Oct 20, Wave Systems Corp.
today announced enhancements to its electronic signature and
vaulting software, offering mortgage lenders a complete solution
from origination to closing that can address many critical
shortcomings of traditional paper processing. With the latest
enhancements to eTMS, lenders can now securely deliver, track and
sign disclosure documents electronically. Closing documents can be
signed and notarized in a secure environment and the note then
registered through MERS, the industry endorsed system for
electronically tracking mortgage ownership and servicing rights.
(Ihub #172,043, 10/20/08)
2008 Oct 23, Wave Systems
announced that it recently completed a license agreement with Acer,
permitting the PC vendor to bundle an OEM edition of its Embassy
Trust Suite (ETS) software with Acer's Veriton 670 line of business
desktop PCs. The first shipments of the Acer desktops with ETS are
expected to begin this quarter and include a motherboard featuring a
Trusted Platform Module (TPM) that is integrated with the Intel
chipset branded the iTPM. This built-in hardware strengthens PC
security and alleviates vulnerabilities found in software security
through enhanced capabilities such as safe storage for user
credentials and encryption keys.
(Ihub #172,164, 10/24/08)
2008 Oct 31, Wave Systems Corp.
(NASDAQ: WAVX), a leading developer of trusted computing solutions
and services, announced that it is selling to investors a total of
111 shares of Series J Convertible Preferred Stock at a price of
$6,500 per share, yielding gross proceeds in the amount of $721,500.
Additionally, for each share of Series J Convertible Preferred Stock
purchased, the investor will also receive warrants to purchase
20,000 shares of Class A common stock at an exercise price of $0.40
per share. The warrants are exercisable for five years beginning on
the date of the initial issuance of the warrants.
(Ihub #172,318, 10/31/08)
2008 Nov 3, Wave Systems Corp.
announced today that an OEM version of its EMBASSY(R) Trust Suite
(ETS) is now bundled with motherboards featuring Intel(R) vPro(TM)
technology with an integrated Trusted Platform Module (iTPM). The
Intel(R) Desktop Boards DQ45CB and DQ45EK are designed for PCs
manufactured primarily by white box distributors, providing users
with embedded hardware for improved data protection and strong,
multi-factor authentication for network access.
(Ihub #172,377, 11/3/08)
2008 Nov 4, Wave Systems
announced today that on Monday, November 10th at 4:30 P.M. EST it
will host a webcast/conference call reviewing recent corporate and
industry progress, as well as Wave's results for the third quarter
ended September 30, 2008. Wave's results will be issued after the
market's close that day. TELEPHONE: via 212-231-2900 or
415-226-5363. WEBCAST/REPLAY: available at;
http://www.wave.com/news/webcasts and archived for 30 days.
(Ihub #172,460, 11/3/08)
2008 Nov 10, Wave Systems Corp.
today announced the availability of enhanced versions of EMBASSY
Trust Suite, including Trusted Drive Manager, which incorporate
support for the new Momentus FDE 7200RPM and 5400RPM self-encrypting
drives from Seagate Technology LLC, the storage leader's
largest-capacity and fastest hardware-based Full Disk Encryption
(FDE) drives to date. In addition, the new versions of Wave's
industry-leading trusted computing software being shipped by Dell
include support for secure Windows Standby mode, pre-boot
authentication, single sign-on and Windows password synchronization.
(Ihub #172,557, 11/10/08)
2008 Nov 10, Wave Systems Corp.
today reported results for the third quarter (Q3) and nine months
ended September 30, 2008 and reviewed recent corporate progress and
developments. Wave's Q3 2008 net revenues rose 6% to $1,835,000,
compared to Q3 2007 net revenues of $1,734,000, reflecting increased
bundled software royalties, as well as growth in contribution from
software license upgrades.
(Ihub #172,579, 11/10/08)
2008 Nov 17, Fujitsu Computer
Products of America, Inc., a leading supplier of innovative computer
products including hard disk drives, peripherals and biometric
security solutions, today announced that it will be showcasing its
full disk encryption (FDE) hard disk drive (HDD) at the Network
World IT Roadmap Conference & Expo in San Francisco on November
17. For the past year, Fujitsu has been working closely with
independent software vendors like Wave Systems Corp. (Nasdaq: WAVX)
to build sophisticated features into its FDE solution.
(Ihub #172,891, 11/17/08)
2008 Dec 1, Wavexpress,
majority-owned by Wave Systems Corp., announced today that it has
suspended its TVTonic consumer media service and is exploring
opportunities to sell or license its technology to third parties
that may provide "download and play" services. Steven Sprague,
president and CEO of Wave Systems, commented, "Given today's
difficult economic climate, we believe that we need to focus our
resources on Wave's core security solutions business and that we can
no longer fund Wavexpress' operations at current levels. Wavexpress'
suspension of its TVTonic service will result in material reductions
in staffing, infrastructure and other costs that have historically
been funded by Wave."
(Ihub #173,206, 12/1/08)
2008 Dec 9, Wave Systems Corp.
announced today that it received notification from the Nasdaq
Hearings Panel that shares of the company's common stock will be
transferred from the NASDAQ Global Market to the NASDAQ Capital
Market, effective with the opening of trading tomorrow, Wednesday,
December 10, 2008. Wave's common stock will continue to trade under
the ticker symbol "WAVX."
(Ihub #173,380 12/9/08)
2008 Dec 26, Wave Systems
Corp., a leading developer of trusted computing solutions and
services, announced that it is selling to investors a total of 456
shares of newly designated 8% Series K Convertible Preferred Stock
at a price of $2,800 per share, yielding gross proceeds in the
amount of $1,276,800. Each share of Series K Convertible Preferred
Stock will be convertible into 10,000 shares of Wave Class A common
stock upon the election of the holder at any time or automatically
on the date on which the average closing price per share of Wave
Class A common stock for the 15 consecutive trading day period then
ended equals or exceeds $0.70. In the aggregate, the Series K
Convertible Preferred Stock is convertible into 4,560,000 shares of
Wave's Class A common stock. Dividends will accrue at 8% per annum
and will be paid in cash semi-annually. Additionally, for each share
of Series K Convertible Preferred Stock purchased, the investor will
also receive warrants to purchase 2,500 shares of Class A common
stock at an exercise price of $0.28 per share. The warrants are
exercisable for three years beginning on the date of the initial
issuance of the warrants.
(Ihub #173,828, 12/26/08)
2009 Jan 22, Wave Systems Corp.
has been awarded a $748,640 contract by a United States Department
of Defense agency. Under the contract, Wave will provide consulting
services in connection with a study to evaluate the implementation
of trusted computing solutions for the government. The term of the
project is expected to be six months.
(Ihub #174,386, 1/22/09)
2009 Jan 27, WAVX today
announced its support for a new industry specification to enable
stronger data protection and help organizations comply with
increasingly tough regulations aimed at preventing a data breach.
The first public version of the Trusted Computing Group's Opal
security subsystem storage specification was announced today, giving
vendors a "blueprint" for developing self-encrypting drives that
secure data. Wave has developed or is working on Opal-compliant FDE
solutions with Fujitsu, Toshiba and Hitachi, along with its
currently shipping FDE solution with Seagate.
(Ihub #174,601, 1/27/09)
2009 Feb 9, Wave Systems Corp.
announced today that it received notice from the NASDAQ Stock Market
confirming that the market value of the company's Class A common
stock has been above $35 million for ten consecutive trading days,
in compliance with the rules governing continued listing on the
NASDAQ Capital Market.
(Ihub #175,172, 2/9/09)
2009 Mar 5, Wave Systems Corp.
reported today on preliminary unaudited results for its 2008 fourth
quarter and full year ended December 31, 2008. Based on the
company's preliminary unaudited financial results, Wave's Q4 2008
net revenues are expected to be approximately $3.3 million, compared
to Q4 2007 net revenues of $1.9 million and Q3 2008 net revenues of
$1.8 million. For the full year of 2008, net revenues are expected
to be approximately $8.8 million, compared to 2007 net revenues of
$6.3 million.
(Ihub #175,785, 3/5/09)
2009 Mar 12, Wave Systems a
leading developer of PC security software and services, today
reported results for the fourth quarter (Q4) and year ended December
31, 2008 and reviewed recent corporate progress and developments.
Wave's Q4 2008 net revenues rose 75% to $3,291,000, compared with Q4
2007 net revenues of $1,875,000, reflecting increased software
royalties, as well as growth in software license upgrades. For the
full year 2008, net revenues grew 40% to $8,810,000, compared to
2007 net revenues of $6,307,000. Wave's Q4 2008 net loss
attributable to common stockholders after accounting for the
accretion of a non-cash beneficial conversion feature on the Series
J and Series K convertible preferred stock issuances during the
quarter was $3,952,000, or $0.07 per basic and diluted share,
compared with a Q4 2007 net loss attributable to common stockholders
of $5,288,000, or $0.11 per basic and diluted share, and a Q3 2008
net loss attributable to common stockholders of $5,605,000, or $0.10
per basic and diluted share. Per-share figures are based on a
weighted average number of basic shares outstanding in the fourth
quarters of 2008 and 2007 of 58,708,000 and 49,699,000,
respectively, and 57,896,000 for Q3 2008.
(Ihub #176,139, 3/12/09)
2009 Mar 16, Wave Systems
Corp., a leading developer of trusted computing solutions and
services, announced that it is selling to investors 785,000 shares
of its Class A common stock at a price of $0.55 per share, yielding
gross proceeds of $431,750. Investors in the offering will also
receive three-year warrants to purchase an aggregate of 392,500
shares of Wave's Class A Common Stock for $0.55 per share. The net
proceeds of the financing will be used to fund Wave's ongoing
operations.
(Ihub #176,359, 3/16/09)
2009 Apr 9, Wave Systems Corp.,
a leading developer of trusted computing solutions and services,
announced that it is selling to investors 1,881,136 shares of its
Class A common stock at a price of $0.55 per share, yielding gross
proceeds of $1,034,625. Investors in the offering will also receive
three-year warrants to purchase an aggregate of 940,568 shares of
Wave's Class A common stock for $0.55 per share. The net proceeds of
the financing will be used to fund Wave's ongoing operations. WAVX
announced today that it will be demonstrating its comprehensive
solution for managing a wide range of embedded hardware security for
PCs, including the new self-encrypting hard drives from leading
drive vendors, at the Wave booth (#1039) during the RSA Conference,
April 20-24. Wave offers robust, cross-platform management for all
Opal-compliant and commercially available self-encrypting hard
drives.
(Ihub #177,036, 4/9/09)(Ihub #177,039, 4/9/09)
2009 Apr 16, Wave Systems and
Samsung announced today new self-encrypting solid state drives that
automatically encrypt information as it is saved to the drive, “an
industry first” for SSDs, the companies say. While full disk
encryption is a standard feature on typical HDDs, SSDs are a
different story. Samsung’s drives — which come in 256-, 128- and 64
GB flavors — are bundles with Wave’s EMBASSY management software and
“are now available through at least one major OEM,” which some say
is Dell.
(Ihub #177,157, 4/16/09)
2009 Apr 22, TCG is delighted
to announce that it is putting in place a formal TCG Certification
Program for TPM. TCG will publish a certified products list on the
TCG website, providing a reference for customers to help ensure
security and correctness of TPM implementations. Based on feedback
from our membership, TCG believes that the certification "seal of
approval" will also help companies market their products, since many
buyers look for some type of certification when evaluating vendors.
(Ihub #177,347, 4/22/09)
2009 May 4, Wave Systems Corp.
announced today that on Monday, May 11th at 4:30 p.m. ET it will
host a webcast/conference call reviewing recent corporate and
industry progress, as well as Wave's results for the first quarter
ended March 31, 2009. Wave's results will be issued after the
market's close that day.
(Ihub #177,662, 5/4/09)
2009 May 11, Wave Systems Corp.
today reported results for the first quarter (Q1) ended March 31,
2009 and reviewed recent corporate progress and developments. Wave's
Q1 2009 net revenues rose 137% to $4.0 million, compared with Q1
2008 net revenues of $1.7 million and Q4 2008 net revenues of $3.3
million, principally reflecting increased bundled software royalties
as well as higher services revenue related to a contract with the
U.S. government.
(Ihub #177,875, 5/11/09)
2009 May 21, Wave Systems Corp.
announced today that it has named Admiral Bobby R. Inman, USN
(Ret.), as an Advisor to the Company's Board of Directors, with the
title of Advisory Director. Wave looks to Admiral Inman's decades of
experience to support the Company's strategy and business
development efforts across a range of target markets including
government, military, education, technology and energy.
(Ihub #178,239, 5/21/09)
2009 Jun 15, Wave Systems Corp.
announced today that it has received notice from the NASDAQ Stock
Market stating that, because the closing bid price of its Class A
common stock has been at or above $1.00 per share for at least 10
consecutive trading days, it has regained compliance with the
minimum bid price rule enumerated in NASDAQ Listing Rule 5550(a)(2).
Also, as a result of the 15-day average of the closing bid price of
its Class A Common Stock exceeding $1.00 on June 9, 2009, all of the
outstanding shares of Wave's Series J convertible preferred stock
(issued in October 2008) automatically converted into Class A Common
Stock in accordance with the terms of the Certificate of
Designations for the Series J convertible preferred stock.
(Ihub #179,523, 6/15/09)
2009 Jul 17, Wave Systems
Corp., a leading developer of trusted computing solutions and
services, announced that it is selling to investors 3,448,042 shares
of its Class A common stock at a price of $0.92 per share, yielding
gross proceeds of $3,172,199. Investors in the offering will also
receive warrants to purchase an aggregate of 1,724,024 shares of
Wave's Class A common stock for $1.155 per share. The warrants will
be exercisable for a five-year period beginning on the sixth-month
anniversary of the date of issuance. The net proceeds of the
financing will be used to fund Wave's ongoing operations. ROTH
Capital Partners acted as placement agent in connection with the
offering. The shares and the shares underlying the warrants in this
offering are being issued under a $25 million shelf registration
statement declared effective by the Securities and Exchange
Commission on June 23, 2008. A prospectus supplement related to the
public offering will be filed with the Securities and Exchange
Commission.
(Ihub #180,45, 7/19/09)
2009 Jul 22, Wave Systems Corp.
, a leading developer of trusted computing solutions and services,
announced that it is selling to investors 1,791,738 shares of its
Class A common stock at a price of $0.92 per share, yielding gross
proceeds of $1,648,400. Investors in the offering will also receive
warrants to purchase an aggregate of 895,868 shares of Wave's Class
A common stock for $1.155 per share. The warrants will be
exercisable for a five-year period beginning on the sixth-month
anniversary of the date of issuance. The net proceeds of the
financing will be used to fund Wave's ongoing operations. This
transaction is in addition to, and pursuant to the same terms as,
the $3,172,199 transaction announced by Wave on July 17, 2009. The
total amount being raised in the two transactions is $4,820,599.
(Ihub #180,639, 7/22/09)
2009 Jul 23, eSignSystems, a
division of Wave Systems Corp. has been named to Mortgage Technology
magazine's elite "Top 50 Service Providers" list, recognizing eSign
for its contributions to the burgeoning electronic mortgage space.
eSign enables organizations to manage electronic mortgage
transactions and business processes entirely online for greater
efficiency and security.
(Ihub #180,678, 7/22/09)
2009 Aug 3, Wave Systems Corp.
announced today that on Monday, August 10th at 4:30 p.m. EDT
it will host a webcast/conference call reviewing recent corporate
and industry progress, as well as Wave’s results for the
second quarter ended June 30, 2009. Wave’s results will be
issued after the market’s close that day. Phone: via 212-231-2921 or
415-226-5360. Please call five minutes in advance.
(Ihub #180,819, 8/3/09)
2009 Aug 10, Wave Systems Corp.
today reported results for the second quarter (Q2) ended June 30,
2009 and reviewed recent corporate progress and developments.
Principally reflecting higher bundled software royalties, services
revenue related to a U.S. government contract that was largely
completed during the period and increased software upgrade sales,
Wave's Q2 2009 net revenues rose 142% to $4.8 million, compared with
Q2 2008 net revenues of $2.0 million and Q1 2009 net revenues of
$4.0 million. Total billings for Q2 2009 grew 107% to $4.6 million,
compared to Q2 2008 total billings of $2.2 million.
(Ihub #180,977, 8/10/09)
2009 Sep 9, Wave Systems Corp.
announced today its support of the first open identity pilot program
aimed at enabling members of the public and businesses to register
and participate in government websites without creating new user
names and passwords. Wave joins Yahoo!, PayPal, Google, Equifax,
AOL, VeriSign, Acxiom, Citi and Privo in supporting this new pilot
program as digital identity providers offering solutions based on
OpenID and Information Card technologies. The Center for Information
Technology, National Institutes of Health, U.S. Department of Health
and Human Services and related agencies will participate in
the pilot program. Wave and the other participating companies are
being certified under the open trust frameworks developed by the
OpenID Foundation and the Information Card Foundation and reviewed
by the federal government. A joint announcement by both foundations
was issued earlier today to coincide with the first day of the Gov
2.0 Summit in Washington, D.C.
(Ihub #181,869, 9/9/09)
2009 Sep 15, Wave Systems Corp.
announced today the launch of id.wave.com, a new identity service
that enables strong authentication and single sign-on to Web
services and applications in the "cloud." The service is available
in beta form and will be demonstrated to prospective partners and
industry insiders at this week's Digital ID World Conference in Las
Vegas, Sept. 15-16.
(Ihub #182,073, 9/15/09)
2009 Sep 16, Wave Systems Corp.
announced that on September 15, 2009, it received notification from
the Listing Qualifications Department of The Nasdaq Stock Market
indicating that the Company’s Class A Common Stock is subject to
potential delisting from The Nasdaq Capital Market because, for a
period of 30 consecutive business days, the bid price of the
Company’s Class A Common Stock has closed below the minimum $1.00
per share requirement for continued inclusion under Nasdaq
Marketplace Rule 5550(a)(2) (the “Bid Price Rule”).
(Ihub #182,110, 9/16/09)
2009 Sep 21, Wave Systems Corp.
announced today that it will demonstrate remote, out-of-band
management of self-encrypting drives using its client and server
software with Intel vPro technology -- an advance that is designed
to streamline the deployment and management of the new generation of
self-encrypting hard drives. The solution is designed to allow a
secure network unlock of the drives automatically by an
administrator -- regardless of whether the PC is powered on or not,
and independent of the operating system.
(Ihub #182,240, 9/21/09)
2009 Sep 30, Wave Systems
Corp., a leading provider of enterprise software for embedded
hardware security, has been selected by NCI Information Systems,
Inc. (NCI) as a subcontractor for the U.S. General Services
Administration (GSA) Alliant prime contract. Alliant is a
Government-Wide Acquisition Contract (GWAC) that provides federal
government agencies an efficient resource to acquire technology
solutions worldwide.
(Ihub #182,586, 9/30/09)
2009 Oct 13, Wave Systems Corp.
today announced that the company's Chief Financial Officer, Gerard
T. Feeney, will be presenting at Security Research Associates'
Growth Stock Conference. The conference will be held on Monday,
October 19th at the Omni Berkshire Place Hotel in New York, New
York. Mr. Feeney's presentation is slated for 2:30 p.m. ET.
(Ihub #182,988, 10/13/09)
2009 Oct 14, Wave Systems
Corp., a Dell security solutions partner, will join the PC OEM at
its booth at GITEX Technology Week 2009, October 18-22. Held at the
Dubai International Convention and Exhibition Centre, GITEX is one
of the world’s largest information technology exhibitions—and the
largest of its kind in the region, attracting 120,000 visitors in
2008.
(Ihub #183,063, 10/14/09)
2009 Oct 15, Wave Systems Corp.
announced today that Executive Vice President Brian Berger will
speak at RSA Europe '09 Conference, October 20-22, at Hilton London
Metropole Hotel. Berger's session will explore the solutions and
benefits of trusted computing for establishing end-to-end enterprise
security.
(Ihub #183,079, 10/15/09)
2009 Oct 26, Wave Systems Corp.
has been awarded a $1,600,000 contract by a United States Department
of Defense agency. Under the contract, Wave will provide consulting
services in connection with a study to evaluate the implementation
of trusted computing solutions for the government. The term of the
project is expected to be approximately seventeen months.
(Ihub #183,366, 10/26/09)
2009 Oct 28, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, and
Gerard T. Feeney, Chief Financial Officer, will present at the
TechAmerica "AeA" Financial Conference in San Diego. The
presentations will take place on Tuesday, Nov. 3 at the Marriott San
Diego Hotel & Marina beginning at 8:30 a.m.
(Ihub #183,366, 10/26/09)
2009 Oct 30, Wave Systems Corp.
announced today that on Monday, November 9th at 4:30 p.m. EST it
will host a webcast/conference call reviewing recent corporate and
industry progress, as well as Wave’s results for the third quarter
ended September 30, 2009. Wave’s results will be issued after the
market’s close that day.
(Ihub #183,556, 10/30/09)
2009 Nov 9, Wave's Q3 2009 net
revenues rose 164% to $4.8 million, compared with Q3 2008 net
revenues of $1.8 million. Q3 '09 net revenues rose 1% over Q2 '09
due to a 7% increase in licensing revenue that more than offset a
decline in services revenue related to the completion of a
government contract in Q3 '09. Total billings for Q3 2009 grew 13%
to $5.2 million compared to Q2 '09 and grew 126% as compared to Q3
'08. Wave's Q3 '09 net loss was $479,000, or $0.01 per basic and
diluted share, compared with a Q3 '08 net loss of $5.6 million, or
$0.10 per basic and diluted share, and Wave's Q2 2009 net loss of
$344,000, or $0.01 per basic and diluted share. Per-share figures
are based on a weighted average number of basic shares outstanding
in the third quarters of 2009 and 2008 of 71.8 million and 57.9
million, respectively, and 66.4 million in the second quarter of
2009.
(Ihub #183,804, 11/9/09)
2009 Nov 13, Wave Systems Corp.
announced today that it has formed a European Advisory Board with
the appointment of Harry Renwick and Jan Dauman, both of whom have
substantial bases of experience and relationships in the field of
technology, as its charter members. Peter Sprague, Wave's founder,
will act as Chairman of, and Wave's liaison to, the European
Advisory Board. Mr. Sprague was Chairman of Aston Martin in the UK
and has had extensive international experience during his 30 years
as Chairman of National Semiconductor. The Advisory Board's charter
is to work to raise the profile of Wave Systems and its
hardware-based security solutions across Europe, and to support the
company's business development in the region.
(Ihub #183,989, 11/13/09)
2009 Nov 13, Wave Systems Corp.
and Hewlett-Packard Company entered into a reseller agreement that
permits HP to distribute and sell Wave’s software products through
HP channels.
(Ihub #184,214, 11/17/09)
2009 Nov 17, Wave Systems
Corp. announced today that it has signed a license agreement that
permits HP to offer Wave’s security solutions on a resale basis
through HP’s Software Licensing and Management Solutions
(SLMS)/Third Party Solutions (3PS) Group.
(Ihub #184,268, 11/17/09)
2009 Nov 23, Wave Systems Corp.
today announced that it ranked number 50 on Deloitte's 2009
Technology Fast 500, a ranking of the 500 fastest growing
technology, media, telecommunications, life sciences and clean
technology companies in North America. In 2008 Wave ranked number 74
on Deloitte's Technology Fast 500?. Rankings for 2009 are based on
percentage of fiscal year revenue growth over five years, from
2004-2008. Wave's revenue grew 4,115% during this period.
(Ihub #184,457, 11/23/09)
2009 Dec 1, Wave Systems Corp.
announced today that it has received notice from the NASDAQ Stock
Market stating that, because the closing bid price of its Class A
common stock has been at or above $1.00 per share for at least 10
consecutive trading days, it has regained compliance with the
minimum bid price rule enumerated in NASDAQ Listing Rule 5550(a)(2).
(Ihub #184,735, 12/1/09)
2009 Dec 21, Wave Systems
Corp., a leading provider of enterprise security software, has
joined Transglobal Secure Collaboration Program (TSCP) in the silver
membership category. Wave is the latest organization to recognize
the role TSCP plays in developing and deploying secure information
sharing solutions in highly sensitive environments and commit to
contributing to the integration and adoption of TSCP standards.
(Ihub #185,229, 12/21/09)
2010 Jan 5, Wave Systems Corp.
today announced that it has received a series of significant license
and maintenance orders for its EMBASSY(R) Remote Administration
Server (ERAS) software for a U.S.-based automotive company for
managing its worldwide employees' laptop computers equipped with
hardware-based, self-encrypting drives for the protection of
sensitive customer, financial, competitive and other confidential
data.
(Ihub #185,628, 1/5/10)
2010 Jan 7, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, and
Gerard T. Feeney, Chief Financial Officer, will present at the 12th
Annual Needham Growth Stock Conference at 11:20 a.m. Eastern on
Thursday, January 14, 2010. The conference is being held at the
Palace Hotel in New York City, and Wave's presentation will be
webcast.
(Ihub #185,836, 1/7/10)
2010 Feb 4, Wave Systems Corp.
today announced the integration of support for Intel(R) vPro(TM)
Technology into its EMBASSY(R) software, a solution for secure and
robust management of self-encrypting hard drives in the enterprise.
Self-encrypting drives -- where encryption is built into the drive
itself -- are available from all the major drive vendors and leading
PC OEMs.
(Ihub #187,618, 2/4/10)
2010 Feb 16, Before selecting
one of the leading software-based full disk encryption solutions,
consider this: It could take up to 24 hours to configure, install
and encrypt the contents of the hard drive. That's per user. Compare
this to self-encrypting drives -- where encryption is built into the
drive itself. Each drive takes only a minute or two to configure.
These and other findings are detailed in the newly published review
"FDE Performance Comparison: Hardware vs. Software Full Drive
Encryption," by Trusted Strategies LLC, an advisory firm
specializing in IT security based in Pleasanton, California. The
complete report, sponsored by Seagate Technology and Wave Systems,
is available at
(www.trustedstrategies.com/papers/comparing_hardware_and_software_fde.pdf)(Ihub
#188,077, 2/16/10)
2010 Feb 22, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, and
Gerard T. Feeney, Chief Financial Officer, will present at the
America's Growth Capital (AGC) 6th Annual Information Security and
West Coast Emerging Growth Conference on Monday, March 1, at the
Westin Hotel in San Francisco, CA. The presentation will begin at
3:40 p.m. PT. AGC's information security conference kicks off the
weeklong RSA Conference, also in San Francisco, where Wave will be
exhibiting.
(Ihub #188,400, 2/22/10)
2010 Feb 25, Wave Systems today
announced that it will demonstrate its industry-leading management
solution for self-encrypting drives on laptops from different OEMs.
A second demonstration will show how the widely available TPM
security chip can safeguard the private keys associated with digital
certificates -- often vulnerable to common shareware -- protecting
networks from unauthorized access. In addition to the
demonstrations, Wave executives will participate on two panels
focusing on hardware encryption and help lead the Trusted Computing
Group's Sandbox session at RSA Conference 2010 (Moscone Center in
San Francisco, March 1-5.)
(Ihub #188,673, 2/25/10)
2010 Mar 8, Wave Systems posts
video on U-tube:
http://www.youtube.com/watch?v=tybiHEfrTE4
(Ihub #190,112, 3/8/09)
2010 Mar 9, Wave Systems Corp.
today announced that Gerard T. Feeney, Chief Financial Officer, will
present at the 22nd Annual Roth OC Growth Conference on March 15, at
the Ritz Carlton in Laguna Niguel, California. The annual three-day
conference brings together over 350 small- and mid-cap growth
companies across sectors including software and technology.
(Ihub #190,223, 3/9/10)
2010 Mar 11, Wave Systems Corp.
a leading provider of management software for hardware-based
security, today reported improved results for the fourth quarter
(Q4) and year ended December 31, 2009, and reviewed recent corporate
progress. Wave's Q4 2009 net revenues rose 58% to $5.2 million,
compared with Q4 2008 net revenues of $3.3 million, reflecting an
increase in bundled software royalties, as well as growth in
software license upgrades. Q4 2009 net revenues rose 7.6% over Q3
2009, as higher software licensing sales more than offset a modest
decline in services revenues related to a government consulting
contract. For the full year 2009, net revenues grew 114% to $18.9
million compared to 2008 net revenues of $8.8 million due primarily
to higher per-unit royalty rates earned during 2009.
(Ihub #190,474, 3/11/10)
2010 Mar 15, Wave Systems Corp.
today announced that Executive Vice President Brian Berger will
speak on the topic of hardware security as a foundation for safer
cloud computing, during the Wednesday morning keynote sessions at
Cloud Connect, March 17.
(Ihub #190,788, 3/15/10)
2010 Mar 17, eSignSystems, a
division of Wave Systems Corp., announced that Insurance
Administrative Solutions (IAS) is implementing its electronic
signature solution to IAS's online insurance application and
delivery platform. Insurance carriers that use the platform will now
be able to offer their customers the option of applying for and
signing their applications in the privacy of their homes and, in
many cases, can deliver a decision within minutes. Those who are
approved can download or print their policy instantly. For the
insurance carrier, delivering an application online that can be
electronically signed by the customer eliminates costs of
traditional mailing, faxing, and paper. The entire online
application and fulfillment process can be completed and submitted
in real-time -- compared to the one or two weeks for a traditional
paper-based/U.S. Mail process, according to IAS.
(Ihub #190,945, 3/17/10)
2010 Mar 24, eSignSystems, a
division of Wave Systems Corporation, and HELM Analytics team up to
deliver SmartReporting. A new module of eSign’s Transaction
Management Suite (eTMS), it enables lenders and document custodians
to capture information they require to manage their daily activities
without compromising the legal integrity of their eMortgage
documentation.
(Ihub #191,432, 3/24/10)
2010 Mar 31, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, and
Gerard T. Feeney, Chief Financial Officer, will present at the 6th
Annual Security Research Associates’ Spring Growth Stock Conference
in San Francisco, CA. The conference is being held downtown at the
Omni Hotel.
(Ihub #191,848, 3/31/10)
2010 Apr 26, eSignSystems, a
division of Wave Systems Corp., will showcase expanded MERS
capabilities in its SmartSAFE software that allows customers to
register electronic mortgages from origination through closing. By
fully integrating its software with MERS, the industry-endorsed
system for electronically tracking mortgage ownership and servicing
rights, eSign is helping its customers implement and provide
secondary market liquidity for paperless mortgages, and has brought
its first customers into production with this solution, including a
lender, an investor and a document custodian.
(Ihub #192,710, 4/26/10)
2010 May 3, Wave Systems Corp.,
a leading provider of management software for hardware-based
security, announced today that on Monday, May 10th at 4:30 p.m. EDT
it will host a webcast/conference call reviewing its Q1 financial
results, as well as recent corporate and industry progress. Wave's
results will be issued after the market's close that day.
(Ihub #192,949, 5/3/10)
2010 May 6, Wave Systems Corp.,
a leading provider of management software for hardware-based
security, announced today that Steven K. Sprague, President and CEO,
and Gerard T. Feeney, Chief Financial Officer, will present at MDB
Capital's Bright Lights Conference and TechAmerica's Growth Cap
Financial Conference, both being held at the Palace Hotel in San
Francisco.
(Ihub #193,025, 4/26/10)
2010 May 10, Wave Systems Corp.
(NASDAQ: WAVX), a leading provider of management software for
hardware-based security, announced today that it has acquired two
U.S. patents pertaining to security subsystems for storage devices.
The patents describe certain elements of core technology underlying
self-encrypting hard drives (SEDs). The purchase price was $1.1
million in cash.
(Ihub #193,266, 5/10/10)
2010 May 10, Wave Systems,
despite year-over-year and sequential increases in SG&A and
R&D expense to support Wave's growing customer base and OEM
relationships, reported a reduced net loss of $764,000, or $0.01 per
basic and diluted share, compared to a Q1 2009 net loss of $1.5
million, or $0.02 per basic and diluted share. Wave's Q4 2009 net
loss was $1.0 million, or $0.01 per basic and diluted share.
Per-share figures are based on a weighted average number of basic
shares outstanding in the first quarters of 2010 and 2009 of 77.2
million and 61.9 million, respectively, and on 73.9 million basic
shares outstanding at December 31, 2009. Higher net revenue from
software licensing more than offset a year-over-year decline in
services revenues related to the timing of work on government-based
service contracts and drove a 45% increase in total net revenues to
$5.9 million versus $4.0 million in the year-ago period and a 13%
increase over Q4 2009 net revenues of $5.2 million.
(Ihub #193,271, 5/10/10)
2010 May 17, Wave Systems Corp.
today announced that Chief Scientist Robert Thibadeau, PhD, will
speak at the National Conference on Managing Electronic Records (MER
2010), as well as the American Bar Association's First Annual
Electronic Discovery and Digital Evidence Practitioners' Workshop.
Both conferences take place in Chicago, IL, this week.
(Ihub #193,646, 5/17/10)
2010 May 20, eSignSystems, a
division of Wave Systems Corp. today announced that it will conduct
demonstrations of its SmartSAFE electronic signature and vaulting
solution at the 2010 ACORD LOMA Insurance Systems Forum, focusing on
the future of insurance and technology. eSignSystems' SmartSAFE
offers myriad benefits to insurance companies that can speed up the
processing of new applications, and eliminate or reduce costs
associated with handling and faxing paper documents. eSignatures can
also add convenience for prospective policyholders, too, letting
them sign applications in the comfort of their home.
(Ihub #193,799, 5/20/10)
2010 Jun 2, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, and
Gerard T. Feeney, CFO, will present at the sixth annual Noble
Financial Capital Markets ONTRACK 2010 Equity Conference at 4:00
p.m. EDT on June 7, 2010, in room 2 (Petty) at the Hard Rock Hotel
in Hollywood, Florida.
(Ihub #194,209, 6/2/10)
2010 Jun 8, Wave Systems Corp.
announced today that the current production version of its
EMBASSY(R) security software is compatible with Hitachi Global
Storage Technologies' (Hitachi GST) Travelstar(TM) self-encrypting
hard drives (SEDs) available through Hitachi's worldwide
distribution channels this month. The drives (specific models listed
below) are some of the first commercially available self-encrypting
hard drives based on Opal, the Trusted Computing Group's storage
specification that defines a set of drive security features. Wave
EMBASSY management software (available separately from Wave's
channel partners, resellers and direct from Wave) provides IT
managers with robust capabilities for deploying, administering and
managing Hitachi's SEDs.
(Ihub #194,401, 6/8/10)
2010 Jun 16, Trusted Computing
Group members Juniper Networks® and Wave Systems will show
solutions for trusted enterprise security at the June 21-23 Gartner
Security & Risk Management Summit, National Harbor, Md. TCG is a
Silver Sponsor of the event.
(Ihub #194,589, 6/16/10)
2010 Jun 23, MDB Capital Group
initiates coverage on Wave Systems Corporation (Nasdaq: WAVX) with a
'Buy' rating and $6.00 price target. The firm says, "With the
escalating consumer and legal costs associated with data breaches,
enterprises are looking for more effective solutions to secure
high-value electronic information. We believe that Wave’s
EMBASSY® suite of products provides an excellent, easy to use
solution to meet this need... We believe the company has the
potential to deliver revenues of $30 million in 2010 and more than
$45 million in 2011."
(Ihub #194,846, 6/23/10)
2010 Jul 27, Today Wave Systems
Corp. announced that the current production version of EMBASSY
security software is now compatible with Hitachi Global Storage
Technologies Self encrypting hard drives.
(http://tinyurl.com/2fqbyn4)
2010 Jul 28, BNY Mellon
Corporate Trust has introduced an eVault service that will allow it
to receive, process and store electronic mortgage documents on
behalf of its clients, significantly improving all stages in the
life-cycle of a loan. The company has partnered with eSignSystems, a
leading provider of lifecycle management tools for eMortgage
processing and other legally binding electronic transactions that
provides full integration with MERS and ensures documents remain
free from tampering. eSignSystems is a division of Wave Systems
Corp.
(Ihub #196,323, 7/28/10)
2010 Jul 29, Wave Systems
Corp., a leading provider of management software for hardware-based
security, announced that on Monday, August 9th at 4:30 p.m. EDT it
will host a webcast/conference call reviewing its Q2 financial
results, as well as recent corporate and industry progress. Wave's
results will be issued after the market's close that day.
(Ihub #196,409, 7/29/10)
2010 Aug 3, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, and
Gerard T. Feeney, CFO, will present at the Canaccord Genuity 30th
Annual Growth Conference in Boston, MA, on Tuesday, August 10th at
4:30 p.m. EDT. The conference will be held at the InterContinental
Boston Hotel. Messrs. Sprague and Feeney will also present the
following day at the 2010 Morgan Keegan Safety, Security &
Defense Conference in New York, on Wednesday, August 11th at 3:25
p.m. EDT. The presentation will be webcast live and available online
for replay for 30 days. The conference will be held at The New York
Palace Hotel. Live Audio Webcast & Online Replay For Morgan
Keegan Conference: www.wave.com/about/investors/webcasts.asp or
http://www.wsw.com/webcast/mk21/wavx/ The archived webcast will be
available for 30 days.
(Ihub #196,409, 8/3/10)
2010 Aug 4, Wave Systems Corp.
today announced that its Chief Scientist Robert Thibadeau, PhD, will
host a pre-conference workshop on flash security on Monday, August
16, and a special open tutorial on flash and virtualization
Thursday, August 19th, at the Flash Memory Summit at the Santa Clara
Convention Center.
(Ihub #196,601, 8/4/10)
2010 Aug 9, Wave Systems Corp.
today reported operating results for the second quarter (Q2) and six
months ended June 30, 2010. The company also reported on recent
customer wins and OEM and partner progress. Benefiting from growth
in royalties from enterprise software license sales (previously
referred to as "upgrade sales"), as well as increased shipments of
Wave's software bundled with enterprise PCs that include a Trusted
Platform Module (TPM) and/or a self-encrypting drive (SED), Wave's
Q2 '10 net revenues from software licensing rose 40% to $6.2 million
from $4.4 million in Q2 '09. Including a modest decrease in net
services revenues related to government service contracts, Wave's Q2
'10 net revenues rose 34% to $6.4 million versus $4.8 million in Q2
'09 and rose 10% over Q1 '10 net revenues of $5.9 million. Total
billings increased 38% to $6.3 million in Q2 '10, compared to total
billings of $4.6 million in Q2 '09, and rose 12% versus Q1 '10 total
billings of $5.6 million.
(Ihub #196,845, 8/9/10)
2010 Aug 23, Wave Systems Corp.
today announced that Boston Medical Center’s Network Security
Engineer Mark Mulvaney will share his insights on the need for
encryption in hospitals and discuss the fundamental differences
between software- and hardware-based encryption. Mulvaney will
present “Encryption: Hardware or Software? Lessons from the Field,”
from 3:00-3:30 p.m. as part of Forrester Security Forum , held Sept.
16-17 at the Westin Copley Place, Boston, Mass.
(Ihub #197,990, 8/23/10)
2010 Aug 25, Wave Systems Corp.
today announced that Executive Vice President and resident storage
expert Lark Allen, will discuss encryption, the need for central
management and the use of self-encrypting drives (SED) for secure
user authentication during the Air Force Information Technology
Conference (AFITC). The Conference takes place in Montgomery,
Alabama, next week at the Convention Center at the Renaissance Hotel
& Spa (August 30 to September 2, 2010).
(Ihub #198,103, 8/25/10)
2010 Aug 26, Wave Systems Corp.
today announced that its President and CEO, Steven Sprague, and
Executive Vice President of Marketing & Sales, Brian Berger,
will join security experts from academia, government and industry to
speak at the National Security Agency's (NSA) Trusted Computing
Conference and Exposition (Orlando, September 14-16). Invited
speakers include Susan Alexander of the Office of the Director of
National Intelligence.
(Ihub #198,133, 8/26/10)
2010 Aug 30, US chipmaker Intel
Corp unveiled a deal to buy German chipmaker Infineon Technologies
AG's wireless unit for $1.4 billion, as it claws its way into the
booming smartphone market and cuts its reliance on personal
computers.
(www.ibtimes.com/articles/47479/20100830/intel-buys-infineon-unit-for4-billion.htm)
2010 Sep 8, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, and
Gerard T. Feeney, CFO, will present at the Rodman & Renshaw
Global Investor Conference in New York on Monday, September 13th at
11:40 a.m. EDT. The presentation will be webcast live and available
for replay. The conference will be held at the New York Palace
Hotel. Live Audio Webcast/Replay with Slides:
http://www.wsw.com/webcast/rrshq18/wavx or
www.wave.com/about/investors/webcasts.asp.
(Ihub #198,627, 9/8/10)
2010 Sep 13, Wave Systems Corp.
today announced that it will show a wide range of security
capabilities in development that include device-based authentication
to secure the client PC, secure remote access to the corporate
domain, and strong, hardware-based federated access to both
corporate and public cloud services. The series of demonstrations
will take place at the Intel Developer Forum (IDF) 2010 (booth #
679) at Moscone Center West, San Francisco, Sept. 13-14.
(Ihub #198,786, 9/13/10)
2010 Sep 13, Digital
Management, Inc., a leading IT solutions and business strategy
consulting firm, announced today it has partnered with Wave Systems
Corp. to deliver comprehensive Trusted Computing solutions to
security-conscious government and commercial enterprises.
(Ihub #198,792, 9/13/10)
2010 Sep 14, Wave Systems Corp.
today announced that it will conduct a series of demonstrations on
the use of hardware security for establishing device authentication
at the Transglobal Secure Collaboration Program (TSCP) Business Week
Expo at the Lansdowne Resort, Sept. 14-16. TSCP is a
government-industry partnership focused on designing solutions for
the most critical IT security issues facing the aerospace and
defense (A&D) industry.
(Ihub #198,879, 9/14/10)
2010 Sep 14, Wave Systems Corp.
and LynuxWorks(TM) today announced their collaboration on the use of
a self-encrypting hard drive to provide data-at-rest protection
alongside the LynxSecure separation kernel and hypervisor securely
running multiple operating systems on a PC. This capability is
significant because it solves the complexity and performance issues
typically associated with encrypting data on virtual machines
running different operating systems. The demonstration takes place
this week at the National Security Agency's (NSA) Trusted Computing
Conference and Exposition (Orlando, September 14-16) and again at
the Embedded Systems Conference (Boston, September 21-22).
(Ihub #198,889, 9/14/10)
2010 Sep 15, Wave Systems Corp.
today announced a second installment of educational video podcasts
on Trusted Computing is now available. This four-part series picks
up where the first three videos left off, with two podcasts offering
practical information about enterprise deployments and a third
detailing government's role as pioneer, advocate and first-mover in
Trusted Computing. The future of hardware security is explored in a
podcast examining Trusted Computing's potential for transforming
cyber security.
(Ihub #198,959, 9/15/10)
2010 Sep 20, Wave Systems Corp.
today announced that Chief Scientist Robert Thibadeau, PhD, will
speak at the Storage Networking Industry Association's 2010 Storage
Developer Conference (September 20-23, 2010 in Santa Clara, CA). Dr.
Thibadeau will explore the latest encryption solutions and best
practices from the unique perspective of having pioneered the
technology and contributed heavily in the creation of supporting
industry standards. His talk will cover encryption best practices,
central management and the steps required to prove encryption was in
place and turned on at the time of a laptop loss.
(Ihub #199,277, 9/20/10)
2010 Oct 5, Wave Systems Corp.
today announced that id.wave.com, its identity service that enables
strongly authenticated single sign-on to web services and
applications in the cloud, has been certified by the Open Identity
Exchange (OIX), the first "trust framework" provider authorized by
the US government. A trust framework provides a new way for one site
to delegate the identity, security and privacy assurances to another
site, thus simplifying a user's interaction with multiple web
services.
(Ihub #199,808, 10/5/10)
2010 Oct 10, Wave Systems Corp.
announced today that Chief Scientist Robert Thibadeau, PhD, will
address hardware encryption and compliance at Storage Networking
World's (SNW) Fall 2010 Conference held at the Gaylord Texan, in
Dallas on October 12.
(Ihub #199,958, 10/11/10)
2010 Oct 20, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, and
Gerard T. Feeney, CFO, will present at Security Research Associates'
6th Annual Fall Growth Stock Conference in San Francisco on Tuesday,
October 26th. The company is scheduled to present at 11:40 a.m.
local time at the Westin St. Francis Hotel.
(Ihub #200,252, 10/20/10)
2010 Oct 21, Wave Systems Corp.
today announced that it ranked number 73 on Technology Fast 500(TM),
Deloitte's ranking of 500 of the fastest growing technology, media,
telecommunications, life sciences and clean technology companies in
North America. Rankings are based on percentage of fiscal year
revenue growth during the period from 2005-2009. Wave's revenue grew
1,755 percent during this period.
(Ihub #200,290, 10/21/10)
2010 Oct 25, The FiReGlobal :
West Coast Conference is proud to announce that Wave Systems Corp.
has been selected as a FiReStar company. In addition to passing the
challenges of similar competitions, FiReStar companies, both local
and global, are chosen for their potential to bring large-scale
positive change to the world. Eight of these companies will be
showcased throughout the conference and at a special reception
during FiReGlobal: West Coast, where local and global investors will
be given the chance to meet company officers.
(Ihub #200,433, 10/25/10)
2010 Oct 27, Wave Systems
Corp., a leading provider of management software for hardware-based
security, announced today that on Monday, November 8th at 4:30 p.m.
EST it will host a webcast/conference call reviewing its Q3
financial results, as well as recent corporate and industry
progress. Wave’s results will be issued after the market’s close
that day. Phone: via (212) 231- 2903 or (415) 226-5359. Please call
five minutes in advance.
(Ihub #200,518, 10/25/10)
2010 Nov 4, Wave Systems Corp.
announced the availability of Wave(R) BitLocker(R) Manager for
Windows(R) 7, a comprehensive set of tools for the central
management of Microsoft's native encryption application.
Organizations large and small can initialize, configure and
administer a global deployment of BitLocker clients without the cost
and complexity associated with custom creation of scripts and Active
Directory schema extensions. Access recovery and role-based help
desk functions can ease the burden on IT, while detailed activity
reports and server logs can be essential for compliance --
delivering a secure record of proof that data was protected in the
event a PC is lost or stolen.
(Ihub #200,824, 11/4/10)
2010 Nov 8, Wave Systems Corp.
today reported operating results for the third quarter (Q3) and nine
months ended September 30, 2010. Wave also reported on recent new
product developments, partner progress and customer adoption.
Benefiting from continued growth in enterprise software license
sales, as well as increased shipments of Wave's software bundled
with enterprise PCs featuring a Trusted Platform Module (TPM)
security chip and/or a self-encrypting drive (SED), Wave's Q3 '10
net revenues rose 38% to $6.7 million versus $4.8 million in Q3 '09.
Q3 '10 net revenues also rose 4% over Q2 '10 net revenues of $6.5
million. Total billings increased 19% to $6.2 million in Q3 '10,
compared to total billings of $5.2 million in Q3 '09, and declined
3% versus Q2 '10 total billings of $6.3 million.
(Ihub #201,056, 11/8/10)
2010 Nov 18, "We've also
included BitLocker management capabilities into the latest edition
of our flagship EMBASSY(R) Remote Administration Server as well,
giving enterprises the ability to manage encryption or
authentication in one easy-to-use, cost-effective package. Wave is
the only ISV to offer management for all three of the leading forms
of encryption, be it BitLocker, self-encrypting hard drives or
software FDE for legacy systems, in addition to Trusted Platform
Modules.
(Ihub #201,541, 11/18/10)
2010 Dec 22, Wave Systems Corp.
announced today that Chief Scientist Dr. Robert Thibadeau will host
a discussion titled, "Finding, Protecting and Using Content" at the
Storage Visions 2011 Conference in Las Vegas, NV on January 4th. The
session will feature six leading security and storage industry
experts, exploring the impact that digital storage can have in
providing greater privacy protection, as well as advancements in
content indexing and search.
(Ihub #203,254, 12/22/10)
2010 Dec 30, Wave Systems Corp.
today announced that it has received $5.2 million in additional
license and maintenance orders through its PC OEM partners on behalf
of a U.S.-based automotive company. The orders hasten the deployment
and increase the total value of the automaker’s software orders to
$10.9 million, $6.7 million of which will be recorded as revenue
over the next 12 months, $1.9 million of which was recorded as
revenue in 2010 and $2.3 million of which is expected to be
recognized as revenue in 2012 through 2014.
(Ihub #203,667, 12/30/10)
2010 Dec 26, pdf white paper by
S. Sprague
(www.it-sa.de/fileadmin/itsa_files/Handouts/2010/BL_Mi_17_00_Sprague.pdf)
2011 Jan 11, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, and
Gerard T. Feeney, CFO, will present at the 13th Annual Needham
Growth Conference at 2:50 p.m. Eastern on Thursday, January 13,
2011. The conference is being held at the Palace Hotel in New York
City. Wave's presentation will be webcast.
(Ihub #204,718, 1/1/11)
2011 Feb 3, Wave Systems Corp.
today announced that Steven K. Sprague, President and CEO, will
present at the America’s Growth Capital (AGC) 7th Annual Information
Security and West Coast Emerging Growth Conference at 12:20 p.m. PT
on Monday, February 14, 2011. The conference is being held at the
Westin Market Street Hotel in San Francisco and kicks off the
weeklong RSA Conference, also in San Francisco, where Wave will be
exhibiting.
(Ihub #206,531, 2/3/11)
2011 Feb 7, Wave Systems
announced today that Wave Chief Scientist Robert Thibadeau has
contributed to the American Bar Association's Data Breach and
Encryption Handbook, which examines the ever-growing problem of data
breaches, the legal complexities surrounding data breach
notification laws, and the encryption solutions that can prevent
sensitive data from being compromised in the first place.
(Ihub #206,607, 2/7/11)
2011 Feb 9, Wave Systems Corp.
today announced that Saint Barnabas Health Care System deployed
self-encrypting drives (SEDs) managed by Wave's EMBASSY software to
protect personal health information (PHI) stored on 700 laptops used
by doctors, nurses, administrators and executives in 25 facilities.
Saint Barnabas had been using software encryption for years to
comply with health care regulations and meet patient needs, but
chose to upgrade to self-encrypting drives for stronger security and
faster deployment times -- 24 hours faster on average per user.
(Ihub #206,670, 2/9/11)
2011 Feb 14, Wave Systems Corp.
today announced that the South Carolina Department of Revenue
(SCDOR) has chosen Wave's EMBASSY® software to manage data
security for its fleet of laptops. Agency personnel routinely handle
confidential taxpayer data -- from property records to social
security numbers and tax returns. The state chose self-encrypting
drives (SEDs) to ensure this data is always protected, while also
giving users significant performance advantages over software
encryption.
(Ihub #206,844, 2/14/11)
2011 Feb 14, Wave Systems Corp.
announced today that PricewaterhouseCoopers (PwC) International
Limited’s Karl Wagner will headline a Monday seminar sponsored by
the Trusted Computing Group , kicking off an active week for the
company at RSA Conference 2011 , Feb. 14-18, at San Francisco’s
Moscone Center. Wave is involved in a range of activities, including
advanced product demonstrations, customer videos and participation
in a panel presentation on data breach laws and encryption that
includes Wave’s Chief Scientist Dr. Robert Thibadeau.
(Ihub #206,845, 2/14/11)
2011 Mar 2, Wave Systems Corp.
a leading provider of management software for hardware-based
security, announced today that on Tuesday, March 15th at 4:30 p.m.
ET, it will host a webcast/conference call reviewing its Q4 and full
year 2010 financial results, as well as recent corporate and
industry progress. Wave’s results will be issued after the market’s
close that day.
Phone: (415) 226-5361 or (212) 231-2907.
Webcast/Replay:
http://www.wave.com/news/webcasts.asp
(Ihub #207,291, 3/2/11)
2011 Mar 3, Wave Systems Corp.
announced today that Gerard Feeney, Chief Financial Officer, and
Brian Berger, Executive Vice President, Marketing and Sales, will
present at the 23rd Annual ROTH OC Growth Conference on March 16, at
the Ritz Carlton in Laguna Niguel, CA. The annual three-day
conference brings together over 400 small- and mid-cap growth
companies across sectors including software and technology.
(Ihub #207,344, 3/3/11)
2011 Mar 4, Wave Systems Corp.
announced today that President & CEO Steven Sprague and Chief
Scientist Dr. Robert Thibadeau will speak on Thursday, March 10,
providing two presentations for next week's DoD Information
Assurance Symposium (IAS) in Nashville, TN. Mr. Sprague will present
"Trusted Computing: Advanced Concepts and Uses in the Near Future"
as part of a track dedicated to Trusted Computing. Dr. Thibadeau's
session will address managing endpoint security for mobile devices.
(Ihub #207,378, 3/4/11)
2011 Mar 15, Wave Systems Corp.
today reported financial results for the fourth quarter (Q4) and
year ended December 31, 2010. Reflecting ongoing progress in
enterprise software license sales, as well as increased shipments of
Wave's software bundled with enterprise PCs featuring a Trusted
Platform Module (TPM) security chip and/or a self-encrypting drive
(SED), Wave's Q4 '10 net revenues rose 35% to $7.0 million versus
$5.2 million in Q4 '09. Q4 '10 net revenues also rose 5% over Q3 '10
net revenues of $6.7 million, principally due to the increase in
consulting services revenues related to a U.S. government contract.
As a result of increased enterprise sales activity and a substantial
global automaker order in late December, total billings increased
100% to $14.2 million in Q4 '10, compared to total billings of $7.1
million in Q4 '09. Net revenue is reconciled to total billings in
the tables below. Reflecting higher levels of SG&A, Wave's Q4
'10 net loss increased to $1.2 million, or $0.01 per basic and
diluted share, compared to a Q4 '09 net loss of $1.0 million, or
$0.01 per basic and diluted share, and a Q3 '10 net loss of $1.2
million, or $0.01 per basic and diluted share. Per-share figures are
based on a weighted average number of basic shares outstanding in
the fourth quarters of 2010 and 2009 and the third quarter ended
September 30, 2010, respectively, of 81.2 million, 73.9 million and
80.9 million.
(Ihub #207,629, 3/5/11)
2011 Mar 24, eSignSystems, a
division of Wave Systems Corp., will debut the latest version of its
award-winning SmartSAFE™ Bundle for creating, signing, storing,
accessing and managing the lifecycle of electronic mortgage
documents during next week's MBA National Technology in Mortgage
Banking Conference and Expo 2011 (at the Westin Diplomat Resort
& Spa in Ft. Lauderdale, Fla.).
(Ihub #207,946, 3/6/11)
2011 Mar 31, Strategic News
Service is proud to announce that Wave Systems has been selected as
a 2011 FiReStarter company, to be featured at its annual Future in
Review (FiRe) technology conference. FiReStarter companies are
selected based on their potential to bring positive change to the
world, and are showcased before, after and during the conference,
both onstage and at an exclusive investor reception.
(Ihub #208,134, 3/31/11)
2011 Apr 5, Wave Systems Corp.
announced today that Chief Scientist Dr. Robert Thibadeau was named
a finalist for the EE Times Annual Creativity in Electronics (ACE)
Innovator of the Year Award. Winners of the ACE Awards will be
announced at a ceremony on Tuesday, May 3rd, as part of the ESC
Silicon Valley Conference & Expo in San Jose, CA.
(Ihub #208,288, 4/5/11)
2011 Apr 14, Wave Systems Corp.
announced a $3.5 million agreement with BASF SE to provide the
leading chemical company with Wave's EMBASSY® client, server
software and maintenance services for its new global fleet of
personal computers.
(Ihub #208,407, 4/14/11)
2011 Apr 15, Wave Systems Corp.
announced its support for the launch of the Obama Administration's
National Strategy for Trusted Identities in Cyberspace (NSTIC).
NSTIC outlines a series of recommendations for greater security and
privacy in accessing online accounts and creating identities online
-- for consumers and businesses. The strategy was discussed via
webcast this morning at the U.S. Chamber of Commerce.
(Ihub #208,496, 4/15/11)
2011 Apr 19, Wave Systems Corp.
will attend InfoSecurity Europe 2011 this week, hosting a workshop
that features customer PricewaterhouseCoopers (PwC). The two-hour
event will give conference-goers an opportunity to hear firsthand
how PwC is leveraging built-in hardware security based on open
standards for authentication.
(Ihub #208,616, 4/19/11)
2011 Apr 26, Wave CEO SKS sold
sahres valued at $114K (35K shares @$3.26). Director Mcconneghy sold
about $135K worth of shares on 4/20/2011.
(Ihub #209,634, 5/17/11)
2011 May 2, Wave posted record
revenues of $26.1 million for 2010, an increase of 38% over 2009. At
the same time, we ramped up sales and marketing activity by 39%
percent, increasing the visibility of our solutions at events around
the globe and to expand support for our growing base of OEM
relationships. We also stepped up R&D spending to support new
product features and capabilities, as well as to invest in new
products.
(http://wave.com/about/reports/2010_Annual_Report.pdf)
2011 May 10, Growth primarily
in enterprise server software drove a 27% increase in Q1 '11 net
revenues to $7.5 million, versus $5.9 million in Q1 '10, and a 6%
increase over Q4 '10 net revenues of $7.0 million. Reflecting higher
operating expense levels, Wave recorded a Q1 '11 net loss of $2.3
million, or $0.03 per basic and diluted share, compared with a Q1
'10 net loss of $0.8 million, or $0.01 per basic and diluted share.
(Ihub #209,159, 5/10/11)
2011 May 11, Wave Systems Corp.
announced today that Northern Health and Social Care Trust of
Northern Ireland has deployed self-encrypting drives (SEDs) managed
by Wave's EMBASSY® software to protect sensitive and
confidential personal health information (PHI) stored on 600 laptops
today (rising to 700 laptops within the next nine months). Despite
access to more readily available software-based encryption with
lower upfront costs, Northern Trust determined that SEDs could be
deployed faster -- and were more cost-effective over the long term.
(Ihub #209,253, 5/11/11)
2011 May 12, eSignSystems, a
division of Wave Systems Corp. announced that Executive Vice
President Kelly Purcell will open the Global Technology Summit 2011
on May 16 with a presentation addressing the efficiency of
electronic signatures in the mortgage industry, from appraisals to
loan closings. Two customers will also join Purcell at the show to
share their first-hand eMortgage experiences during the conference's
educational sessions and seminars.
(Ihub #209,413, 5/12/11)
2011 Jun 8, Wave Systems Corp.
announced today that President and CEO Steven Sprague will speak at
the General Dynamics C4 Systems-sponsored Information Assurance User
Conference and Training held in Las Vegas, Nevada on June 8 and 9,
2011. Sprague will discuss trusted computing technologies and device
authentication in a presentation titled “The Role of Trusted
Computing in Protecting the End Point,” on Thursday, June 9, 2011.
(WAVX PR)
2011 Jun 14, Wave Systems Corp.
announced today the launch of id.wave.com, a new identity service
that enables strong authentication and single sign-on to Web
services and applications in the “cloud.” The service is available
in beta form and will be demonstrated to prospective partners and
industry insiders at this week’s Digital ID World Conference in Las
Vegas, Sept. 15-16.
(Ihub #210,991, 6/14/11)
2011 Jun 21, Wave Systems Corp.
announced today that it has filed a $30 million shelf registration
statement on Form S-3 with the Securities and Exchange Commission
(SEC). The filing replaces an existing shelf registration statement
that became effective in June 2008 and expires on June 23, 2011. The
filing includes shares underlying certain outstanding warrants to
purchase up to 4,038,269 shares of Wave Class A common stock and
would also facilitate Wave's ability to raise capital over the next
three years. Wave has no current plans for the sale of the
securities registered under this shelf registration statement. The
terms of any offering by Wave under the registration statement would
be established at the time of the offering and would be described in
a prospectus supplement.
(Ihub #211,584, 6/21/11)
2011 Aug 3, Wave Systems Corp.,
a leading provider of trusted computing software, announced today
that Steven K. Sprague, President and CEO, will present at the
following three investment community conferences in August: Morgan
Keegan Technology Conference - New York Monday, August 8th at 2:45
p.m. ET - Wave's presentation will be webcast live. New York Palace
Hotel, New York Webcast/replay link:
www.wave.com/about/investors/webcasts.asp
31st Annual Canaccord Genuity Global Growth
Conference, Boston, Tuesday, August 9th at 9:00 a.m. ET
InterContinental Hotel, Boston, Oppenheimer & Co. 14th Annual
Technology & Communications Conference, Boston Wednesday, August
10th at 3:45 p.m. ET Four Seasons Hotel Boston.
2011 Aug 9, Wave Systems Corp.,
a leading provider of trusted computing software, today reported
financial results for its second quarter (Q2) and six months ended
June 30, 2011. Wave's Q2 '11 total net revenues rose 26% to $8.1
million compared to $6.4 million in Q2 '10, and rose 8% over Q1 '11
total net revenues of $7.5 million. The increase in total net
revenue was primarily the result of a more than $2 million
year-over-year increase in enterprise server software licensing
revenues which more than offset a $0.2 million decrease in services
revenue related to a U.S. Department of Defense contract that was
completed in Q1 2011. Wave's licensing net revenues grew 31% in Q2
'11 versus Q2 '10 and increased 11% over Q1 '11. Wave recorded a Q2
'11 net loss of $1.8 million, or $0.02 per basic and diluted share,
compared with a Q2 '10 net loss of $1.0 million, or $0.01 per basic
and diluted share.
(Ihub #213,394, 8/9/11)
2011 Sep 7, Wave Systems Corp.
today announced that it will join industry experts, government
authorities and academics presenting at the National Security
Agency's 2nd Annual Trusted Computing Conference, September 20th -
22nd at the Caribe Royal Hotel in Orlando, FL. The conference
provides a unique forum for those interested in how trusted
computing technologies can improve the security of sensitive data,
enterprise networks and critical applications. Wave Systems'
customer PricewaterhouseCoopers will also present a session on
leveraging Trusted Platform Modules (TPMs) for authentication and
key security.
(Ihub #214,095, 9/7/11)
2011 Sep 14, Wave Systems
Corp., a leading provider of trusted computing software, announced
today that Steven K. Sprague, President and CEO, and Gerard T.
Feeney, CFO, will participate in the America's Growth Capital 8th
Annual East Coast Emerging Growth Conference on Monday, September
19, 2011 at The Westin Copley Place Hotel in Boston, MA. Wave's
presentation is at 9:00 a.m. ET in the St. George D Room - 3rd
Floor.
(Ihub #214,420, 8/14/11)
2011 Sep 20, Wave Systems Corp.
today unveiled Wave Endpoint Monitor, the industry's first solution
that leverages an industry standard security chip for detecting and
mitigating malware and other Advanced Persistent Threats (APTs) that
lurk surreptitiously in host systems, stealing confidential data
that can then be exploited for economic, political or strategic
gain. Wave Endpoint Monitor is being demonstrated this week at the
2nd Annual NSA Trusted Computing Conference in Orlando, Fla., with
commercial availability anticipated by the end of 2011. Recent media
reports indicate these types of advanced cyber-attacks are
increasingly more common across all public and commercial sectors
than previously thought. The National Institute of Standards and
Technology (NIST) recognized this reality and issued initial
guidelines for protecting a computer's BIOS in its special
publication 800-147.
(Ihub #214,680, 9/20/11)
2011 Sep 20, Micron Technology,
Inc. (Nasdaq:MU), today introduced a new version of its popular
RealSSD™ C400, featuring self encryption for unmatched data
security… Like all hardware-encryption, the drive works in
conjunction with an encryption management system. Micron's C400 SED
solution was built in partnership with leading encryption management
provider Wave Systems (Nasdaq:WAVX). Wave's EMBASSY® management
software provides policy-based access controls, comprehensive
reporting, directory services integration and end-user access
recovery that allows IT to cost-effectively implement and administer
endpoint encryption. Importantly, Wave's management software gives
IT confidence that data is protected in the event that a computer—or
the drive itself—is lost or stolen.
(Ihub #214,692, 9/20/11)
2011 Sep 20, LynuxWorks Inc.
today announced its continued collaboration with Wave Systems
Corporation on the use of a self-encrypting drive (SEDs) with the
LynxSecure separation kernel and hypervisor for running multiple
operating systems simultaneously on a single endpoint. The
demonstration links individual encrypted disk bands to different
secure virtual domains provided by LynxSecure, running on a single
device. The demonstration takes place this week In the LynuxWorks
booth (#310) at the 2nd Annual National Security Agency's (NSA)
Trusted Computing Conference and Exposition (Orlando, FL, September
20-22).
(Ihub #214,725, 9/20/11)
2011 Sep 22, Wave Systems Corp.
has completed the acquisition of Safend Ltd., a leading provider of
endpoint data loss protection solutions, including port and device
control, encryption for removable media, content inspection and
discovery, for approximately $12.8 million, as addressed below. The
addition of Safend's complementary product suite creates strong
cross-selling opportunities into the healthcare, financial and
government verticals where data loss protection is a high priority.
Safend's reseller channel, combined with its direct sales force and
strong presence in EMEA, gives Wave new sales resources with access
to new market opportunities. Headquartered in Tel Aviv, Israel, with
offices in Philadelphia, Safend has approximately 70 employees.
Prior to the acquisition, Safend was backed by prominent technology
venture capital investors including Elron Electronics Industries
Ltd. (TELAVIV: ELRN), Intel Capital and Walden Israel Venture
Capital.
(Ihub #214,851, 9/22/11)
2011 Sep 28, Wave Systems will
play host to the world’s foremost authorities on data protection at
the Trusted Computing seminar on 20th October in London. The
seminar, to be held at the Royal Aeronautical Society, is focused on
IT management, IT security managers and Risk Managers, and will
feature some of the world’s leading experts on information security
and Government advisors. The discussion will centre on current and
future practices and policy, and the emerging role of hardware
security built on open standards set forth by the Trusted Computing
Group (TCG).
(Ihub #215,347, 9/28/11)
2011 Oct 4, Wave CEO to Present
on Trusted Computing and the Role of Device ID for Adding a Critical
Layer of Authentication at it-sa, Nuremburg, Germany, Wave Systems
Corp. will present a series of seminars October 11-13, 2011 at
it-sa, one of the pre-eminent IT security trade fairs in Europe. The
seminars will address how private and public sector organizations
can secure networks and sensitive data using embedded hardware
security built on open industry standards set forth by the Trusted
Computing Group (TCG).
(Ihub #215,711, 10/4/11)
2011 Oct 5, Wave Systems Corp.
announced today that Chief Scientist Dr. Robert Thibadeau will
present at the Federal Cybersecurity Conference today, addressing
how embedded hardware security built on open standards can thwart
threats present in laptops or mobile devices at the firmware level.
Dr. Thibadeau will educate attendees on capabilities of the Trusted
Platform Module security chip and its mobile equivalent for
detecting pre-boot attacks that have previously eluded commercial
anti-virus products.
(Ihub #215,812, 10/5/11)
2011 Oct 5, Wave Systems Corp
has raised 100% of a $11,118,617 private offering. Wave Systems Corp
reported this private offering October 5, 2011 in an SEC Filing with
the U.S. Securities and Exchange Commission (Form D). Wave Systems
Corp reported their revenue as between $25 - 100 million within the
SEC Filing detailing the transaction. The type of investment being
offered was listed as equity (opposed to debt, warrants, or other
types of investment options). The first date of sale for the
offering was noted as September 22, 2011. As of today, $11,118,617
is being offered, $11,118,617 has been sold, and $0 remains to be
sold.
(Ihub #215,882, 10/5/11)
2011 Oct 10, Wave Systems Corp.
today announced the company's expansion into Europe, the Middle East
and Africa (EMEA) to capitalize on the growing demand for trusted
computing security to help organizations thwart the rise in cyber
threats and comply with EU data protection regulations. To drive the
expansion, Wave has named IT security veteran Joseph Souren, MBA,
Vice President and General Manager, EMEA, to execute the sales
strategy and build out the company's channel program. Most recently,
Mr. Souren served as VP of CA Technologies' Internet Security
Business Unit.
(Ihub #216,110, 10/10/11)
2011 Oct 11, Wave Systems Corp.
announced today that Wave customer LeanLogistics will present its
case study at Storage Network World (SNW) Fall 2011, October 10-13,
at the JW Marriott Grande Lakes in Orlando, FL. LeanLogistics'
Co-Founder and VP of Technology Andy Bass will present
"LeanLogistics, Inc. Case Study: Deploying Hardware Encryption for
Improved Performance and Security," offering a detailed discussion
of the company's deployment of self-encrypting solid-state drives
(SSDs) managed by Wave for protecting confidential data.
(Ihub #216,202, 10/11/11)
2011 Oct 26, Wave Systems
Corp., a leading provider of trusted computing software, announced
today that Steven K. Sprague, CEO, and Gerard T. Feeney, CFO, will
present at Needham & Company's Fifth Annual HDD & Memory
Conference in Boston on Thursday, November 3, 2011 at The Langham
Hotel at 250 Franklin Street.
(Ihub #216,977, 10/26/11)
2011 Oct 26, Wave Systems Corp.
announced the company's expansion into Europe, the Middle East and
Africa (EMEA) to capitalize on the growing demand for trusted
computing security to help organizations thwart the rise in cyber
threats and comply with EU data protection regulations.
(Ihub #217,022, 10/26/11)
2011 Oct 31, Wave Systems
Corp., a leading provider of trusted computing software, announced
that on Wednesday, November 9th, at 4:30 p.m. ET it will host a
webcast conference call reviewing its third quarter financial
results and recent progress. Wave's Q3 2011 results will be issued
after the market's close that day. WEBCAST/REPLAY: Available at
http://www.wave.com/news/webcasts.asp
(Ihub #217,191, 10/31/11)
2011 Nov 1, Wave Systems Corp.
WAVX today announced a strategic distribution agreement with Ingram
Micro Inc., the world's largest distributor of information
technology (IT) solutions. Under the terms of the agreement, Wave's
EMBASSY(R) security software for managing hardware-based data
protection and authentication will be available worldwide through
Ingram Micro beginning November 1.
(Ihub #217,209, 11/1/11)
2011 Nov 1, Wave Systems Corp.
filed a registration with the U.S. Securities and Exchange
Commission to sell, from time to time, up to 5,267,374 shares of
common stock on behalf of selling shareholders. Wave Systems will
not receive proceeds from the sale.
(Ihub #217,228, 11/1/11)
2011 Nov 9, Wave's Q3 '11 total
net revenues rose 42% to $9.5 million compared with $6.7 million in
Q3 '10 and rose 18% over Q2 '11 total net revenues of $8.1 million.
The higher total net revenue was primarily the result of a $2.3
million increase in enterprise server software licensing revenues
over Q3 '10, reflecting the recognition of revenue from large
enterprise contracts with BASF and a major global automaker, as well
as a $0.5 million increase in revenue from new enterprise server
upgrades. Wave recorded a Q3 '11 net loss of $1.8 million, or $0.02
per basic and diluted share. Q2 '11 also resulted in a net loss of
$1.8 million, or $0.02 per basic and diluted share.
(Ihub #217,533, 11/9/11)
2011 Nov 14, Wave Systems Corp.
announced today an agreement to provide Samsung Electronics with
engineering services, consulting, validation and a customized
version of Wave's local management software for Samsung's Trusted
Platform Module (TPM) security chips designed for OEM distribution.
(Ihub #217,801, 11/14/11)
2011 Nov 14, Wave Systems Corp.
will join Samsung at CARTES & IDentification, the world’s
leading event for digital security and smart technologies, November
15-17, 2011. Wave will demonstrate its trusted computing solutions
at Samsung’s stand (035) in Hall 3 at the Paris Nord Villepinte
Exhibition Center.
(Ihub #217,804, 11/14/11)
2011 Nov 22, Mitigate
cyberthreats, white paper by Steven Sprague.
(www.afcea.org/europe/events/tni/11/documents/StevenSprague.pdf)
2011 Dec 5, On November 30,
2011, through one of its distribution partners, Wave Systems Corp.
delivered in-full against a $1.7 million order from one of the
world's leading international oil and gas companies for Wave's
EMBASSY Remote Administration Server (ERAS), EMBASSY Protector
Software and related maintenance services to manage laptop computers
with self-encrypting drives.
(Ihub #218,567, 12/5/11)
2011 Dec 7, Today, Wave is
starting an invitation-only launch of a new social communications
service. Scrambls is a service that enables greater control and
privacy in the social media space. The service provides endpoint
encryption for text posts made anywhere on the web—as a single
solution that the user controls, and can leverage across all social
media platforms. When you enter a post or upload a file on Facebook,
Google+ Circles, Twitter, or another service, the post can be
scrambled before it is uploaded and only a chosen circle of friends
will be granted the ability to see the post or photo unscrambled.
This applies to the service provider, as well—the information you
upload is truly yours, and only you control the ability to choose
who to share it with. Facebook or Twitter or LinkedIn only sees (and
archives) a jumble of unintelligible characters. Scrambls itself
only handles the keys to the encryption, and does not see the
content either. The user has ultimate control of who gets Tweets
about their family reunion or photos of their kids, and control over
how long they live on the site. Scrambls may not be necessary for
every post, but it gives you the option to ensure your sharing is
limited the way you like.
(Ihub #218,660, 12/7/11)
2011 Dec 8, WAVE SYSTEMS Wave
Systems Corp. announced an agreement to provide Samsung Electronics
with engineering services, consulting validation and a customized
version of Wave's local management software for Samsung's Trusted
Platform Module (TPM) security chips designed for OEM distribution.
(Ihub #218,782, 12/8/11)
Go to http://www.timelinesdb.com
Subject = WAVX
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