Here it is!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Tuesday October 27, 6:32 am Eastern Time
Company Press Release
HP and Wave Systems to Bring Trust
and Security to the PC
Open Platform Enables Secure Applications and E-commerce Transactions
PALO ALTO and SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 27, 1998--Hewlett-Packard
Company [NYSE:HWP - news] and Wave Systems Corp. [OTC BB:WAVX - news] today
announced a technology creating a ''trusted client'' system, one that provides an inexpensive,
standards-based platform for running secure applications and protecting important data and digital
identities in individual PCs.
Endowing the PC with trust and security provides customers with a client-based solution for
e-commerce and Internet security, and elevates the personal computer to an important new role in
the evolving digital economy.
The trusted-client system, jointly developed by HP and Wave Systems during the past six months,
will be the basis for a new generation of e-commerce, and security applications and services. It is
based on Wave Systems' secure e-commerce architecture and HP's VerSecure security
management framework. The trusted-client system is an open, programmable hardware- and
software-based device that creates a fully exportable, secure and trusted environment within the PC.
The first implementation of the trusted-client technology (see separate announcement issued by
Wave Systems) is the EMBASSY E-Commerce System. This implementation of the trusted-client
system will be included on motherboard chip sets from leading PC component suppliers SMSC and
ITE.
''As an established leader in PC manageability, HP plans to enhance its HP Vectra PC line even
further by developing powerful, flexible security solutions for corporate customers,'' said Jean-Luc
Meyer, marketing manager for HP's Commercial Computing Division. ''The new, trusted-client
technology offers an exciting opportunity to make simplified, secure corporate computing a reality.''
NEC Computer Systems Division (CSD), a leading manufacturer of computer products and
solutions, has selected the EMBASSY E-Commerce System to provide the trusted-client capability
for inclusion in select 1999 models. Other PC manufacturers also are expected to integrate
trusted-client technology into their product lines during the next year.
Delivering an Inexpensive Security Solution with a Trusted-client System
Secure electronic transactions typically are performed on centralized servers requiring multiple layers
of firewalls, network encryption or remote authentication of the user's identity before being
processed. The trusted-client system, embedded in PC hardware, provides an inexpensive solution
with strong encryption that is more secure and less complex than current software-based
approaches. The user can then perform independent transactions, store personal and sensitive
information, and execute applications in a secure environment. Trusted-client systems can be
embedded in peripherals, set-top boxes, modems, personal digital assistants (PDAs) and other client
devices.
A trusted client requires hardware that creates a ''system within a system,'' complete with separate
processor, memory, real-time clock and unique ID. Integrating this hardware with VerSecure
security management and the EMBASSY architecture provides the breakthrough to enable a broad
range of new secure electronic-commerce applications, including services delivery, network
authentication, transactional security and metering of digital content.
Users worldwide can benefit from the new technology, particularly those in the consumer,
government, defense, commerce and financial-services industries, where trust and security are
required.
Just as the original PC revolutionized computing, the trusted-client system will be the basis for a new
generation of user-based e-commerce and security applications and services.
Additional information and a white paper on the trusted-client system are available at
www.wave.com/embassy and at www.hp.com/go/versecure.
About Wave Systems Corp.
Founded in 1988, the mission of Wave Systems Corporation is to create the world's best
technologies to secure and sell digital information. Wave's core EMBASSY technology is an
inexpensive, proprietary 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.
About HP
HP Company is a leading global provider of computing, Internet and Intranet solutions, services,
communication products and measurable solutions, all of which are recognized for excellence in
quality and support. HP has 127,200 employees and had revenue of $42.9 billion in its 199 fiscal
year. Information about HP and its products can be found on the World Wide Web at
hp.com.
Note to Editors: In separate announcements made today, Wave Systems introduced the
EMBASSY E-Commerce System, which is built on the trusted-client technology from HP and
Wave Systems, and HP announced the licensing of the VerSecure encryption-management
framework to Wave Systems as part of this trusted-client system.
Contact:
Wave Systems
Kent Kappen, 408/261-9510
kkappen@wavesys.com
or
Cunningham Communication, Inc. for HP
Katie Hogan, 650/858-3760
khogan@ccipr.com
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