An interesting news about Sun Java Card Technology application:
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Monday May 10, 6:30 am Eastern Time
Company Press Release
Wave Systems To Integrate Sun Microsystem's
Java Card Technology Into Consumer Devices To
Extend EMBASSY E-Commerce Solutions
Java Card Technology Enables Application Developers to Create Secure Consumer Applications for a Wide Range of Consumer Devices
SAN JOSE, Calif.--(BUSINESS WIRE)--May 10, 1999-- Wave Systems Corp., (OTC BB: WAVX; wave.com), a
company that facilitates secure transactions in consumer devices, today announced plans to bring consumer-centric e-commerce
solutions to desktop computers and other consumer devices.
Wave Systems will integrate Sun's Java Card(TM) application framework into Wave's EMBASSY E-Commerce System. With
Java Card application support, EMBASSY plans to provide a trusted, open-standards environment on PC hardware for Java Card
technology-based smart card applications and typical smart card data such as bank account information, personal information, or
stored value accounts to use in cash-like transactions on the Internet.
Today's announcement should simplify and facilitate financial transactions done at the consumer's device rather than at the
merchant's server, thereby elevating user devices, including PCs, to a central role in e-commerce value exchange. In turn,
dramatic new digital distribution models for secured content and services can be created by embedding a trusted client, the
EMBASSY System, at the user's end of the network.
''Adding secure e-commerce and financial transaction capabilities at the point of consumption will speed the adoption of an
exciting new model for digital content and distribution of services,'' said Michael Killen, President of Killen & Associates. ''Just
as important is open systems. The fact that Wave and Sun's technology are both standards-based and interoperable on a number of
different platforms will accelerate industry-wide acceptance of their solution.''
The EMBASSY E-Commerce System is a programmable, standards-based platform for running secure applications and securely
storing important data and digital identities on individual PCs and other end user devices such as set-top boxes.
By adding standards-based Java Card capabilities to EMBASSY, developers using Sun's Java Card Application Programming
Interface (API) will be able to create applications that execute on the embedded smart card hardware in PC's and other consumer
devices, in addition to standard smart cards. The Java Card API is a widely supported blueprint for building applications to run on
smart cards. The EMBASSY can leverage the major finance and technology industry investments in secure hardware, application
development skills, and distributed applications.
''The Java Card platform is the established standard for smart card applications. EMBASSY is a perfect platform for incorporating
secure Java Card capability in the PC and other devices, extending an integrated, multi-platform infrastructure for e-commerce,''
said Patrice Peyret, Director, Consumer and Embedded Systems Division of Sun Microsystems. ''We are also delighted about the
potential of having the EMBASSY-based trusted client system with Java Card deployed in a wide range of devices from home
networks, to business oriented virtual private networks.''
EMBASSY:
The EMBASSY E-Commerce System, recently announced by Wave Systems, is the first implementation of the trusted-client
technology and will allow third-party software vendors to develop secure e-commerce applications that run in a trusted
environment on multiple platforms.
''Wave System's open systems strategy for the EMBASSY System has been to integrate major technologies already widely
deployed in order to leverage the current skills, applications and products across many platforms,'' states Steven Sprague,
President, Wave Systems Corp. ''This approach is an absolute requirement to achieve mass adoption of the trusted client
capability, thereby enabling Wave Systems and many others to deliver exciting new services to end users.''
Core benefits of the EMBASSY E-Commerce System:
-- PC and consumer OEMs will gain a new service delivery point
in their platforms to benefit from new content distribution
and services revenues that can be delivered and transacted
in the client devices.
-- The software and content community can benefit from a new
electronic distribution model, flexible pricing models and
persistent content security inherent in trusted-client
technology.
-- Consumers utilizing the EMBASSY technology will be able to
quickly and conveniently use, purchase, pay-per-use or
rent-to-own top entertainment, education and software titles
directly from their own trusted devices.
Moreover, EMBASSY allows distribution through all content channels, including the Internet, cable television, data broadcast,
satellite, or physical distribution media channels such as CD-ROM, or DVD. Consumers receive the flexibility of access to the
broadest set of content and entertainment products while only paying for the services based upon their actual usage.
About Wave Systems Corp:
Founded in 1988, the mission of Wave Systems Corporation is to create content distribution and secure services based on a new
distributed trust model for e-commerce. Wave's core EMBASSY technology is an inexpensive, open hardware and
software-based device that enables secure transaction processing and distributed information metering in users' devices.
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 and consumer appliances to assume an important new role in the evolving digital
economy. By moving secure transactions to the user, 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
Java and Java Card are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.
All other trademarks are property of their respective owners.
Contact:
Wave Systems Corp.
Kent W. Kappen, 408/261-9510
kkappen@wavesys.com
or
Fleishman-Hillard (Wave Media Contact)
Aaron Feigin, 415/356-1033
feigina@fleishman.com
or
Jaffoni & Collins (Wave Investor Contact)
David Collins, 212/835-8500
WAVX@jcir.com |
