NCI Selects Wave Systems as a Subcontractor on the U.S. Government Services Administration's Alliant Contract for Federal Government Agencies

LEE, MA, Sep 30, 2009 (MARKETWIRE via COMTEX) -- WAVX | Quote | Chart | News | PowerRating -- Wave Systems Corp. (NASDAQ: WAVX), a leading provider of enterprise software for embedded hardware security, has been selected by NCI Information Systems, Inc. (NCI) as a subcontractor for the U.S. General Services Administration (GSA) Alliant prime contract. Alliant is a Government-Wide Acquisition Contract (GWAC) that provides federal government agencies an efficient resource to acquire technology solutions worldwide.

Services provided under Alliant include all components of an integrated Information Technology (IT) solution, such as infrastructure, applications and IT management services. As the prime contractor, NCI submits proposals to GSA in response to Alliant requests, calling upon Wave and/or its other subcontractors to prepare portions as needed.

The contract has a total ceiling value of $50 billion for ten (10) years for all prime contractors and covers a five-year base period with an option for a second five years. This is the fourth government contract vehicle that NCI has partnered with Wave, including ITES-2S, TEIS and NETCENTS.

"Wave has a longstanding reputation for offering innovative solutions for IT security, which was the driving factor behind their selection as one of our partners under Alliant," said Michael Donaldson, vice president of NCI's Alliant program. "Our customers are looking for robust security, whether it's strengthening access to the network, establishing stronger authentication protocols or protecting data at rest. With Wave's unique solutions, we look forward to expanding our customer base to federal agencies that need to address the most pressing security threats."

Wave's enterprise software facilitates the security functions of the new generation of factory-installed, hardware security devices -- including self-encrypting drives from Fujitsu, Hitachi, Samsung Semiconductor, Seagate Technology and Toshiba. These industry-standard drives protect data where it lives -- on the drive -- by taking advantage of its closed environment to isolate data storage for stronger protection. Additionally, the same Wave software manages the advanced functionality of a tamper-resistant hardware security chip called a Trusted Platform Module (TPM), found on most business-class PCs shipping today. Enterprises that use Wave software and the TPM chip can implement secure authentication, password protection and safer remote access.

About Wave Systems Corp.

Wave provides software to help solve critical enterprise PC security challenges such as strong authentication, data protection, network access control and the management of these enterprise functions. Wave is a pioneer in hardware-based PC security and a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security. Wave's EMBASSY(R) line of client- and server-side software leverages and manages the security functions of the TCG's industry standard hardware security chip, the Trusted Platform Module (TPM) and supports the TCG's "Opal" self-encrypting drive standard. Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than many existing software-based encryption solutions. TPMs are included on an estimated 300 million PCs and are standard equipment on many enterprise-class PCs shipping today. Using TPMs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions. For more information about Wave and its solutions, visit http://www.wave.com.

Safe Harbor for Forward-Looking Statements

This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.

All brands are the property of their respective owners.

For more information please contact:

Company:
Wave Systems Corp.
Michael Wheeler
413-243-7026
Email Contact

SOURCE: Wave Systems Corp.

http://www2.marketwire.com/mw/emailprcntct?id=041438B6D77EBAB0

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index