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To: Winston Kim who wrote (1051)	12/18/1997 9:40:00 AM
From: DAVID C. DeANGELIS	Read Replies (1) \| Respond to of 1136

WAVX BB, IBM DEAL CONF. CALL 1:00 PM EASTERN Thursday December 18, 5:30 am Eastern Time Company Press Release Wave Systems and IBM to Collaborate on Technology for Accessing Digital Content Wave Systems' Technology Will Allow Users to Access Software Titles on Rental and Pay-Per-Use Basis Wave Systems Corp. (OTC BB: WAVX; wave.com) today announced an agreement with IBM Corporation to find ways to inexpensively incorporate Wave Systems' WaveMeter chip into PC products. Wave and IBM will work on product ideas to allow users to access digital content directly from their desktops through a variety of purchase models, including rental, pay-per-use and rent-to-own. Wave and IBM have also agreed to support each other in achieving industry-wide adoption of the WaveMeter technology by systems manufacturers. Detailed terms of the relationship were not disclosed. The Wave System is a unique turnkey solution for electronic content distribution and transaction processing that can turn PCs into digital cash registers for secure renting or purchasing of software. The system combines triple DES encryption to secure content being sold with a local WaveMeter chip that accomplishes content decryption and metering, and records user credit and transaction data. ''IBM's global position in the marketplace makes it ideally suited to help drive the WaveMeter as a technology that belongs on every motherboard across the industry,'' said Steven Sprague, president of Wave. ''Wave's WaveMeter chip is the culmination of over nine years of research, development and marketing, and the centerpiece in our technology.'' Wave and IBM intend to offer media-independent technologies that will enable leading entertainment, education and other content providers to distribute content and other products in CD-ROM, DVD and emerging broadband technologies such as cable and satellite. ''Our relationship with IBM opens exciting new content distribution possibilities that will benefit consumers and content providers alike,'' said Sprague. ''Consumers will be able to quickly and conveniently access and rent, rent-to-own or purchase top entertainment, education and software titles directly from their PCs. Content providers will benefit from the security, distribution efficiency and new consumption models enabled by the Wave System.'' ''Wave Systems' technology supports IBM's commitment to providing the best solutions on a global scale,'' said Trey Smith, chief technology officer for IBM's Personal Systems Group. ''This agreement represents an initial step in an expanding effort to exploit new ways of delivering electronic content.'' Wave Systems Corp. produces a distributed information metering and transaction service, the Wave System, for use in consumer entertainment and education applications. This year Wave introduced the ''Great Stuff Network'' for individual and corporate content creators to securely sell and distribute their products through the Internet via the Wave System. The Wave System permits microtransactions as low as fractions of a penny. Wave is also developing electronic commerce solutions that will provide electronic content providers with secure distribution as well as new marketing and pricing options that include rental, rent-to own, purchase and pay-per-use transactions. The Wave System gives consumers the convenience and control of obtaining content via the Internet, and eventually CD-ROM and broadband transmissions. For more information about Wave please see Wave's home page 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. Today's agreement obligates IBM to no specific product implementations. ------------------------------------------------------------------------ Contact: Media Contact: Mike Terpin THE TERPIN GROUP 415-344-4944 mterpin@terpin.com mmarinovich@wavesys.com or Company Contact: Mark Marinovich WAVE SYSTEMS CORP. 408-261-9510 or Investor Contact: David C. Collins Kathleen Holmes JAFFONI & COLLINS 212-835-8500 collins@jcir.com ------------------------------------------------------------------------ More Quotes and News: International Business Machines Corp (NYSE:IBM - news)Wave Systems Corp (OTC BB:WAVX - news) Related News Categories: computer hardware, computer peripheral, computers