Hello, I am a WAVX investor. ATML & WAVX have announced their collaboration. Here is this important, IMHO, news. I think that ATML investors might be interested to know about it as well:
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Monday May 10, 6:31 am Eastern Time
Company Press Release
Atmel and Wave Systems Corp. Partner to
Provide Advanced ''E-commerce on a Chip''
Solution
Expanded Options for Trusted-Client Technology
SAN JOSE, Calif.--(BUSINESS WIRE)--May 10, 1999--Wave Systems Corp., (OTC BB: WAVX - news;
wave.com), and Atmel Corporation, (Nasdaq:ATML - news; atmel.com) today announced a partnership
established to create a high performance, independent chip solution which will integrate Wave's EMBASSY E-commerce System
with Atmel's advanced secure transaction chip technology. Atmel, a leading supplier of system level integration including
nonvolatile memory, logic and microcontroller solutions, and Wave, a provider of electronic commerce, content distribution and
security services are forming an alliance intended to provide an expanded range of platforms and configurations in which Wave's
EMBASSY technology can be deployed.
This new version of the EMBASSY platform, to be available Q1, 2000, will be designed to provide a high performance,
Trusted-client platform, with advanced hardware security features. This agreement coupled with Wave's previous announcements
continues Wave's strategy to include the EMBASSY System in a number of different form factors and devices. The EMBASSY
(EMBedded Application Security SYstem) is an open platform intended to support multiple secure applications and to protect
important data such as account balances and digital identities. The EMBASSY is programmable and will be designed to allow
third-party software vendors to develop secure e-commerce applications that require a distributed trusted environment.
This flexible implementation will support e-commerce value-exchange services and security applications including the following:
o Secure digital content distribution: Music, videos, electronic
books, software, games and other forms of digital goods can be
secured and then distributed directly to users. Consumers will be
able to receive the content via broadcast by terrestrial digital
TV, internet, cable, or satellite as well as physical
distribution such as CDs and DVDs. Wave's EMBASSY system, using
money stored in the chip, will allow the consumer to rent to own,
pay per use, or an outright purchase of the digital content.
o Virtual private networks for service delivery: Strong security
provided by this solution in end-point devices will accelerate
the creation of new business-to-business and business-to-consumer
relationships and allow services to be delivered across open,
unsecured networks.
o Enhanced personal privacy: The trusted environment will provide
the user with new options for controlling who has access to their
personal information and how the information can be used.
Atmel is partnering with Wave and other customers to enable security solutions running on Atmel's secure transaction chip.
Atmel's chip under development will provide 3 high-speed serial interfaces including USB, ISO7816, and SPI, from which
software partners will be able to exploit several form factors such as solderable package, dongle, or smartcard. Public and private
key encryption algorithms will be speed enhanced by hardware encryption engines. Atmel believes these features coupled with an
ARM 32-bit RISC processor core, a secure real time clock, and Atmel's high density non-volatile memory provide a very
powerful and fast 1-chip integrated solution for system integrators to take advantage of.
''Atmel's secure non-volatile memory, micro-controller based, and contactless products have been in the market since 1992. This
partnership between Atmel and Wave is intended to create a new market opportunity for our secure silicon technology. The
combination of Atmel's hardware and Wave's software will give consumers unparalleled control and protection with regard to
their personal information and the ability to purchase digital commodities,'' says Tony Giraudo, Atmel's V.P. of Secure Products.
''Thanks to the efforts of industry innovators such as Wave Systems and Atmel, we are getting closer every day to the possible
large scale adoption of a shared multi-application smart card solution,'' said Donna Farmer, president and CEO of The Smart Card
Forum, a multi-industry organization working to accelerate the widespread acceptance and application of smart card technology.
''Atmel's chip and Wave Systems' unique EMBASSY solution will be designed to embed secure transaction technology in a wide
range of consumer devices. This joint technology offering will help to accelerate the creation of new smart card applications based
on distributed trust, using both portable chip cards and embedded security technology.''
''It is essential for the PC and consumer electronics industries to have flexible solutions for security and services in their platforms
which are programmable, open, and standards based,'' states Steven Sprague, Wave Systems President. ''Our alliance with Atmel
is intended to provide a strategic co-processor security platform which can support multiple industry requirements including
emerging intellectual property protection standards, and will be available for wide a range of devices.''
NOTE TO EDITORS:
In a separate release made today, Wave Systems and Sun Microsystems announced the integration of Sun's Java Card(tm)
technology. This further extends Wave's EMBASSY E-Commerce on a Chip(tm) solution and enables application developers to
create secure consumer applications for a wide range of consumer devices utilizing the industry leading, JavaCard applications
framework.
About Atmel Corp:
Founded in 1984, Atmel Corporation is headquartered in San Jose, California with principal manufacturing facilities in Colorado
Springs, Colorado, Nantes and Rousset, France and Heilbronn, Germany. Atmel designs, develops, manufactures and markets
on a worldwide basis semiconductors, including nonvolatile and embedded memory, logic, analog, microcontroller products and
system-level integration (SLI) solutions using advanced CMOS, BiCMOS, BiPolar and SiGe process technologies. Atmel product
and financial information can be retrieved from its Fax-on-Demand service. In North America call 1-(800) 292-8635.
Internationally from a fax phone, dial 1-(408) 441-0732. Requests may be sent via e-mail to literature@atmel.com or by visiting
Atmel's web site at www.atmel.com.
About Wave Systems Corp:
Founded in 1988, the mission of Wave Systems Corporation is to create content distribution and secure services based on a new
distributed trust model for e-commerce. Wave's core EMBASSY technology is an inexpensive, open hardware and
software-based device that enables secure transaction processing and distributed information metering in users' devices.
Embedded in PC hardware and peripherals, set-top boxes and other devices, EMBASSY is the foundation for client-based security
applications and a new distribution and purchasing model for content and services. This low-cost, secure ''system within a
system'' will enable the personal computer and consumer appliances to assume an important new role in the evolving digital
economy. By moving secure transactions to the user, Wave provides intrinsic value to the electronic commerce process, benefiting
PC users, application developers, and hardware manufacturers. For more information, please visit Wave's corporate web site at
www.wave.com.
Safe Harbor for Forward-Looking Statements:
Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be
materially different from any future results, performance or achievements expressed or implied by such forward-looking
statements. Such factors include general economic and business conditions, the ability to fund operations, the loss of market
share, changes in consumer buying habits and other factors over which Wave Systems Corp and/or Atmel has little or no control.
Contact:
Fleishman-Hillard
Wave Media Contact: Aaron Feigin, 415/356-1033
feigina@fleishman.com
or
Jaffoni & Collins
Investor Contact: David Collins, 212/835-8500
WAVX@jcir.com
OR
Atmel Corporation
Dan Ratliff, 719/540-6628
dratliff@atmel.com
Vicki McCann, 719/540-1724
vmccann@atmel.com |
