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.
  ***************************************************** October 26, 2009 2:00 PM ET
   
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON DC 20549
   
  FORM 8-K
   
  CURRENT REPORT
   
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
   
  Date of report (Date of earliest event reported) October 23, 2009
   
  WAVE SYSTEMS CORP.
  (Exact Name of Registrant as Specified in Charter)
   
  DELAWARE   0-24752   13-3477246   (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)  
   
  480 Pleasant Street, Lee, Massachusetts 01238
  (Address of Principal Executive Offices) (ZIP Code)
   
  Registrant’s telephone number, including area code (413) 243-1600
   
  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
   
  o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
  o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
  o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
  o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
   
  Item 8.01.  Other Events.
   
  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.
   
  SIGNATURES
   
  Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
   
   WAVE SYSTEMS CORP.          By:  /s/ Gerard T. Feeney     Gerard T. Feeney     Chief Financial Officer      Dated: October 26, 2009   |