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Wednesday December 2, 6:31 am Eastern Time
Company Press Release
IGST to Incorporate Wave Systems' EMBASSY
Technology in Multimedia Chips for Set-Top
Boxes
Alliance Delivers Trusted-Client Technology into End-User Devices Enabling Secure
E-commerce Transactions
ANAHEIM, Calif.--(BUSINESS WIRE)--Dec. 2, 1998-- Delivering on its strategy to proliferate trusted-client
technology in a wide variety of end-user devices, Wave Systems (OTC BB:WAVX - news; wave.com)
today announced a technology license agreement with the multimedia supplier IGS Technologies Inc. at the Western
Show in Anaheim.
Under terms of this agreement, IGST will incorporate Wave Systems' EMBASSY™ (EMBedded Application Security
SYstem) technology into a variety of IGST integrated circuit (IC) products for emerging technologies, including versions
of its next generation set-top box multimedia companion chips.
The agreement will enable IGST to embed robust digital content metering and secure transaction and application
processing capabilities in a variety of end user devices, including set-top boxes and information appliances.
Wave Systems and IGST are already working together to jointly market their solution. IGST plans to work with a
number of OEM customers and strategic business partners including major Internet, cable and satellite set-top box
manufacturers worldwide and current IGST OEMs to integrate this technology into their platforms.
The EMBASSY E-Commerce System is an open, programmable, standards-based platform for running secure
application and protecting important data and digital identities on individual PCs and other end-user devices. The
EMBASSY E-Commerce System is the first implementation of the trusted-client technology recently announced by
Wave, and will allow third-party software vendors to develop secure PC-based, e-commerce applications that run in a
trusted environment.
''By taking advantage of EMBASSY's secure processing and metering technology, IGST will be able to offer our
customers key, leading-edge functionality and add real commercial value to their products,'' said Mike Raghavan, senior
director of marketing for IGST. ''Trusted-client capabilities like digital content metering and embedded security will
push set-top boxes and information appliances to the center of end-users e-commerce transactions.''
IGST provides the most integrated multimedia solution for set-top boxes and information appliances with its 7-in-1
CyberPro5000 and 5300 family. The seven major functions include: TV Encoder, Video Processor, Hardware Alpha
Blending, 3D/2D Graphics, FlexiBus, Audio Processor and Softmodem.
''EMBASSY provides inexpensive, powerful and manageable security combined with digital metering capabilities that
will be built into next generation set-top boxes,'' said Steven Sprague, president of Wave Systems. ''We are pleased
with IGST's commitment to embed the EMBASSY into its IC products which will allow for the broad distribution of
Wave's technology.''
EMBASSY (EMBedded Application Security SYstem) E-Commerce System
Benefits:
-- OEMs and the "client-side" computing equipment manufacturers will
gain product differentiation as well as benefit from shared
revenue from the sale of digital content through their hardware.
-- The software community can benefit from a new distribution
platform, flexible pricing models and security inherent in
trusted-client technology.
-- Consumers utilizing the EMBASSY technology will be able to
quickly and conveniently purchase, pay-per-use or rent-to-own top
entertainment, education and software titles directly from
end-user devices.
Moreover, EMBASSY is compatible with content distribution channels, including the Internet, cable television,
Data-Broadcast, CD-ROM or DVD, while also providing the needed end-user content and subscriber management
system.
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 a much broader base of end-user
target markets.
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 IGS Technologies:
IGS Technologies, Inc. (IGST) was founded in 1993 to develop leading edge multimedia component solutions for
emerging markets including Set Top Boxes and Information Appliances.
With its introduction of CyberPro2010, World's First TVDirect™ FlexiBus™ Multimedia processor and
CyberPro5300, the industry's First 7-in-1 Set Top Box Multimedia processor, IGST has become the leading choice of
major OEMs, CPU, MPEG-2 and RTOS vendor for set top box and information appliance design and reference
platform.
IGST products work with MIPS, x86, Elan, MediaGX, strongARM, PowerPC and other CPUs. Currently, IGST
CyberPro drivers and software are being shipped with Windows CE, VxWorks, pSOS, Java, QNX, ITRON, Nucleus
and Solaris. For more information, please visit www.igst.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.
Contact:
Wave Systems Corp.
Kent W. Kappen, 408/261-9510
kkappen@wavesys.com
or
Fleishman-Hillard
Aaron Feigin, 415/356-1033 (media contact)
feigina@fleishman.com
or
Jaffoni & Collins
David Collins, 212/835-8500 (investor contact)
WAVX@jcir.com
or
IGST
Mike Raghavan, 408/982-8588 x130
miker@igst.com
More Quotes and News:
Wave Systems Corp (OTC BB:WAVX - news)
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