News from WAVX.....
And so it begins!!!
NEC Computers International and Wave Systems To Demonstrate Secure Home
Computing Capabilities at CeBIT 2002 in Hannover, Germany
HANNOVER, Germany, Mar 14, 2002 (BUSINESS WIRE) -- NEC Computers International
(NEC CI), a leader in Europe's home personal computer market, and Wave Systems
Corp. (NASDAQ:WAVX), a developer of next generation hardware solutions and
services for secure Internet shopping, are demonstrating secure PC capabilities
at the CeBIT 2002 trade show March 13-20 in Hannover, Germany.
Demonstrations using NEC computers and integrated Wave technologies will be held
at the NEC IT booth, Hall 2, Booth B20, during the show.
Wave Systems is the developer of the EMBASSY(R) Trust System, for secure
e-commerce and trusted digital exchange, and the EMBASSY(R) 2100 secure
e-commerce chip. EMBASSY chips may be embedded in such products as computer
keyboards, smart card readers and other computer components. When the EMBASSY
system secures a device such as a personal computer, personal information such
as credit card numbers, PIN numbers and other end user secrets are protected
from theft.
At CeBIT, Wave will demonstrate the integration of EMBASSY technology into NEC
CI's Packard Bell brand, Western Europe's number-one home PC brand in Q4 2001,
with market share of 13.7%, as well as in 2001 with a market share of 11.3%.
EMBASSY technology is embedded into a smart card reader integrated into a
Packard Bell keyboard. Similar capabilities are also demonstrated using a Wave
Systems PC keyboard. NEC CI is expected to launch a trial of EMBASSY technology
in a secure PC in the second quarter of this year in France using the Packard
Bell brand.
"Consumers will be more comfortable sharing personal information, such as
financial data, over the Internet when the network is more secure," said Detlef
Bosse - Executive Director - Desktop and Solutions - NEC Computers
International. "We believe secure or trusted computing capabilities can be a key
differential in marketing computers to consumers."
NEC CI and its high value solutions
The value of NEC CI solutions lies in their ability to combine highly sought
after technologies into an easy-to-use package. For example, in 2001, Packard
Bell unveiled the Video Dre@m Machine, the first PC in Europe to provide
round-trip video production, from downloading footage to the PC through to
distributing movies on DVD-RW. In addition to bringing cutting-edge technology
to market quickly, the Video Dre@m Machine also included a TV tuner card and
video editing, personal VCR and DVD authoring software.
This is the hallmark of Packard Bell products - each solution is an integrated
package, combining all the hardware and software needed to accomplish basic and
advanced usages.
Other examples include the Packard Bell and Disney Pack, which combined software
and hardware to deliver Disney activities for children of all ages, and the
Internet Dream Machine, which combined Internet access, software and hardware
such as a webcam to deliver a ready-to-use Internet-oriented workstation.
Secure on-line payment is the next step in this philosophy.
"Wave has demonstrated that the company is a leader in aggressively supporting
European secure E-commerce specifications and standards," said Bruno Leconte,
Wave vice president, European Operations. "Our programmable EMBASSY personal
E-commerce technology is an exceptional secure computing platform for the home
PC consumer, capable of delivering many new services in the future."
About NEC Computers International:
NEC Computers International (NEC CI) is Europe's sixth largest manufacturer of
personal computers, supporting the consumer market with the Packard Bell brand,
Europe's home PC leader (Source: Dataquest - February 2002), and the
professional market with the NEC brand.
One of the major consolidated subsidiaries of the Japanese NEC Corporation - and
part of the operation of NEC Solutions - NEC CI benefits from the group's
on-going commitment to research and development.
NEC CI supplies personal computers, servers and Internet solutions to
individuals, corporations, government and other public sector agencies in
Europe, Africa, the Middle East and Asia (except Japan and China). For the past
six years, NEC CI's annual unit sales have recorded an average increase of 25%.
The company employs 3,000 people worldwide. Its headquarters are located in
Wijchen, The Netherlands.
For further information about NEC Computers International Contact: Emmanuelle
Bureau du Colombier Phone: + 33 1 55 23 75 29 E-mail:
emmanuelle.bureau-du-colombier@nec-computers.com www.nec-computers.com
About Wave Systems Corp:
Wave Systems' goal is to build a worldwide network of users based on trusted
electronic relationships. Trust @ the Edge defines a new architectural model for
the Internet, which embeds trust and security in every user device. Wave Systems
is developing, deploying and licensing its EMBASSY Trusted Client technology for
the mass adoption of this revolutionary model. Wave is integrating industry
standard functions from a wide range of partners that enable reliable, secure
digital exchange and commerce. Wave Systems and third parties are building the
services that will take advantage of this open model. For more information about
Wave Systems and Trust @ the Edge, visit wave.com.
All brands are the property of their respective owners.
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 ability to
forge partnerships required for deployment, changes in consumer and corporate
buying habits, chip development and production, the rapid pace of change in the
technology industry and other factors over which Wave Systems Corp. has little
or no control. Wave Systems assumes no obligation to publicly update or revise
any forward-looking statements.
CONTACT: Wave Systems
European Contact: Bruno Leconte, +33 - 2 28 07 42 01
bleconte@wavesys-emea.com
Media: John Callahan, 413/243-7029
jcallahan@wavesys.com
or
Jaffoni & Collins
Investor Relations: David Collins/Richard Land
212/835-8500
wavx@jcir.com
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-0-
KEYWORD: MASSACHUSETTS GERMANY INTERNATIONAL EUROPE TRACK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
E-COMMERCE
HARDWARE
INTERNET
PRODUCT
TRADESHOW
SOURCE:
Wave
Systems
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