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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: 24601 who wrote (8170)	7/13/1999 9:38:00 AM
From: SDR-SI	Read Replies (2) \| Respond to of 11417

FULL TEXT SDMI RELEASE: * * * * * * * * * * (BSNS WIRE) Wave Systems Announces Support of SDMI Specification Wave Systems Announces Support of SDMI Specification Business Editors & High Tech Writers SAN JOSE, Calif.--(BUSINESS WIRE)--July 13, 1999-- Company Working With SDMI Members to Incorporate EMBASSY Technology That Allows Individual Devices to Use Multiple Distribution and Rights Management Solutions Wave Systems Corp., (Nasdaq: WAVX)(http://www.wave.com), a provider of electronic commerce, content distribution and security services, today announced support for the first Secure Digital Music Initiative (SDMI) specification, a voluntary, open standard that manufacturers can use to develop new portable devices, expected for the 1999 holiday season. The specification is seen as the first step in providing consumers with convenient access to music both online and in new emerging digital distribution systems. It will also enable copyright protection for artists' work, and will promote the development of new music-related businesses and technologies. "Wave has participated since the inception of SDMI in order to ensure that Wave's EMBASSY is capable of hosting SDMI compliant solutions," said Steven Sprague, President of Wave Systems. "In addition to providing a secure platform for SDMI solutions, EMBASSY allows for a common and trusted area for two disparate solutions to exchange music licenses in the PC, a feature extremely important to the future of digital music. Consumers are interested in devices and services that support all of the important types of music distribution. With the consumer in mind, and the fact that SDMI compliant solutions from IBM, Sony, Liquid Audio and InterTrust may have difficulty interoperating in the future, Wave created a flexible and programmable security platform which can support multiple solutions transparently for the user." Wave's EMBASSY is an open, standards-based programmable hardware and software device that can execute multiple applications, including transactional security and metering of digital content. Specific to SDMI, such applications could include digital rights management (DRM) and electronic music distribution (EMD) solutions from multiple vendors. Locating EMBASSY in the PC or peripheral device can relieve the weakest link in most SDMI solutions, client-side license management. Sprague added, "We applaud the progress SDMI is making by providing a set of specifications and will continue to work with SDMI members and offer EMBASSY as the solution that enables individual devices to trust and employ multiple digital rights management solutions." About Wave Systems Corp: Founded in 1988, the mission of Wave Systems Corp. is to create the world's best technologies and services to secure and sell digital information. Wave's core EMBASSY technology is an inexpensive, open standards, hardware and software-based device that enables secure transaction processing and distributed information metering in users' PCs. 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 to assume an important new role in the evolving digital economy. By moving secure transactions to the desktop, 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 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. has little or no control. --30--LS/na* CONTACT: Wave Systems Corp. Aaron Feigin, 408/261-9510 afeigin@wavesys.com or Wave Media Contact: Fleishman-Hillard John Sommerfield, 415/356-1041 sommerfj@fleishman.com or Wave Investor Contact: Jaffoni & Collins David Collins, 212/835-8500 WAVX@jcir.com * * * * * * * * * * Another strategic move in the right direction. Patience pays off!!!! Steve