LEE, Mass.--(BUSINESS WIRE)--May 20, 1998--Wave Systems Corp.
(OTC BB:WAVX.O) (http://wave.com/company) today announced the signing of
an agreement to include its WaveMeter(R) onto upcoming versions of
Windows'98 compatible WinTV(R) television tuner boards from Hauppauge
Computer Works, Inc., a subsidiary of Hauppauge Digital, Inc. (NASDAQ:
HAUP). Under terms of the agreement, Hauppauge plans to include the
WaveMeter on selected models of its popular WinTV boards, for
availability before the end of 1998.
Hauppauge is the leader in broadcast receiver products for
personal computers. Hauppauge's new line of WinTV tuner boards,
designed for use with the new Microsoft operating system,
Windows98(R), will also support the WebTV(R) for Windows features
built into Microsoft's Windows98. The boards are used by PC owners to
watch TV on their screens, receive Intercast(R) data broadcasts and
utilize a broad collection of bundled content media from Wave Systems.
Wave's innovative electronic software distribution model provides
the PC software community flexible pricing, and the WaveMeter
technology included on WinTV tuner boards will allow the decoding of
any Wave-enabled content, whether received as a data broadcast via
cable or broadcast television, the Internet, CD, DVD, or floppy
diskette distribution. "We are excited to have our metering and
encryption technology included into Hauppauge's TV tuner card
products," said Steven Sprague, president of Wave Systems Corp. "By
bundling top quality software titles with Hauppauge's existing
products, we now offer the consumer a broad range of choices and
capabilities."
"The addition of Wave Systems' WaveMeter technology to our WinTV
boards will allow users to conveniently receive premium content on a
pay-per-use basis via data broadcast services," said Ken Aupperle,
president of Hauppauge Computer Works, Inc.
Wave Systems enables the distribution of encrypted content via
broadband, Internet, satellite transmission, CD-ROM and DVD while also
providing the needed end-user content subscriber management system.
Wave's software system allows users to take advantage of content
rental, purchase, pay-per-use and rent-to-own payment models directly
from their desktops with a click of a mouse. Consumers receive the
flexibility of paying for information based upon their actual usage,
while publishers benefit from significantly reduced marketing and
distribution expenses and the ability to reach new end user target
markets.
About Wave Systems Corp:
Wave Systems Corp., formed in 1988 by Peter Sprague, former
Chairman of National Semiconductor, has developed a unique distributed
information metering and transaction processing service, called the
Wave System, for use in the sale and distribution of a wide range of
electronic content for consumer entertainment and education
applications. The Wave System gives content providers security and
flexible transaction models and consumers the convenience and control
of obtaining content via the Internet through Wave's Great Stuff
Network (http://www.great-stuff.com), and planned CD-ROM and broadband
delivery channels. For more information, please visit Wave's corporate
web site at wave.com.
About Hauppauge Computer Works, Inc.:
Hauppauge Computer Works, Inc., a wholly owned subsidiary of
Hauppauge Digital Inc., designs and manufactures digital video boards
for TV-in-a-window, digital video editing and video conferencing. The
company has headquarters in Hauppauge, New York, with sales offices in
Dosseldorf and Freiberg Germany, London UK, Paris France, Stockholm
Sweden, Eindhoven Netherlands and in Pleasanton California. The
company's Internet web site can be found at: hauppauge.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., or Hauppauge
Computer Works has little or no control.
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