LEE, Mass. (BUSINESS WIRE), June 25, 2001 — Wave Systems Corp. (Nasdaq: WAVX - www.wave.com) today announced that Securealink, Inc. (www.securealink.com), a global leader in combining performance and highly integrated IC solutions that target security system challenges, will add EMBASSYŽ technology to its standard product line. The partnership results in significantly enhanced security for payments for the delivery of digital content and services while strengthening user privacy and authentication.

``Ever since the Pijnenburg Group formed Securealink last year, the company's focus has been to address secure transactions within the banking and financial services industry,'' said Danilo Goliani, president and CEO, Securealink USA. ``Now Securealink is offering EMBASSY, a best-in-breed technology, as a standard product for customers requiring a flexible programmable platform and infrastructure of trust in their applications. EMBASSY offers a security solution that meets their needs today.''

``This strategic alliance means that EMBASSY-enabled silicon solutions will now be designed and distributed by one of the world's most technologically advanced and prestigious integrated circuit manufacturers,'' said Steven Sprague, president and CEO, Wave Systems. ``Both Wave and Securealink have focused on making client devices like personal computers and smart card terminals more secure for e-commerce transactions. We look forward to EMBASSY technology being integrated into a full range of end-user devices based on the distribution power of Securealink.''

``We are a silicon partner for Wave Systems, and we are delighted to engage in a cooperation that will enable secure consumer payments in relation to the distribution of digital content such as set top boxes,'' said Cees Jan Koomen, chairman of Securealink, Inc.

Wave Systems is marketing 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.

The EMBASSY Trust System enables the establishment of a network of hardware Trusted Clients - embedded in personal computers, peripherals such as smart card readers and keyboards, set top boxes and Personal Digital Assistants, as well as the development, deployment and installation of cryptographically protected applets - software applications - representing independent service providers in the platform.

Securealink is a leading worldwide innovator of ``Security Solutions in Silicon(TM)'' with offices in Vught, The Netherlands and Los Gatos, California. Securealink provides secure high-performance cryptographic and privacy ICs supporting commonly used protocols. The company's secure chips are easily integrated into VPN and SSL appliances and devices, as well as secure smart-card readers and other secure access devices.

Securealink delivers unprecedented speed and performance, and has the greatest depth and breadth of experience currently available in security IC design. The company provides complete solutions required for today's applications, access to the latest and smallest silicon technologies, with a commitment to customer service.