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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. (WAVX) 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 (NASDAQ:WAVX - News) 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.
(NASDAQ:WAVX - News) 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.
(NASDAQ: WAVX; www.wave.com) 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.
(NASDAQ:WAVX - News) 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.
(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 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. (Nasdaq: WAVX), 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, 1/7/09)
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, 2/4/09)
Go to http://www.timelinesdb.com
Subject = WAVX
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