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Wave Signs EMEA Distribution Agreement With Origin Storage to Expand Reseller Channels(February 15, 2012)
LONDON -- (Marketwire) -- 02/15/12 -- Wave Systems Corp. (NASDAQ: WAVX) (www.wave.com) signed a distribution agreement for Europe, the Middle East and Africa (EMEA) with leading storage solutions provider Origin Storage. Origin will focus on the forward-looking channel reseller companies in the region interested in providing best-in-class data protection to their customers.
Origin has joined with Wave to enhance and develop Wave's reseller channel in Europe over the next year. The opportunity for resellers comes at a time when conventional security is under continuing pressure from a growing number of cyber-attacks. Most security solutions on the market rely on proprietary software vulnerable to attack. Wave, by contrast, enables security that's built into the device, not added on, giving enterprises the ability to know their devices, data and applications.
For securing sensitive data and safeguarding intellectual property, Wave offers a single management console for deploying and managing self-encrypting drives (SEDs). Available from leading storage vendors and based on the Opal specification from the Trusted Computing Group, SEDs offer improved security and performance advantages over software-based encryption. For organisations with Windows 7 who haven't yet migrated to SEDs, Wave enables the activation of Microsoft BitLocker®, the native encryption feature on Windows 7.
Andy Cordial, Managing Director Origin Storage, says: "This is a unique opportunity for resellers to offer their customers Wave's management suite for protecting data and authentication, starting with security built into the device itself. We believe that Wave offers compelling solutions for any reseller and we're looking forward to bringing increased awareness of Wave to the market."
Along with managing SEDs and Microsoft BitLocker, Wave also gives IT the power to manage a security chip that ships standard on business-class PCs called the Trusted Platform Module (TPM). Present on more than half a billion devices worldwide, the embedded security chip can be used to establish device identity, ensuring that only known machines are granted access to network resources. In conjunction with Wave software, the TPM can also signal the presence of malware lurking in the host system that can evade commercially available anti-virus software.
Joseph Souren, General Manager Wave Systems EMEA, says: "We're pleased to partner with Origin because they're a very well-connected and trusted distributor with a strong track record and are a respected name in the channel sector, working closely with many premier resellers."
About Origin Storage Ltd
Founded in 2001 and based in Hampshire, UK, Origin Storage Ltd. is fast becoming one of Europe's leading IT storage manufacturers. Its wide-ranging product portfolio includes branded hard disk drive solutions, RAID solutions and mobile data security. Origin Storage is a main supplier for all Tier one manufacturers, providing matched storage upgrades and has held a Pan European Agreement with Dell for the past seven years. The business has grown year on year and now supplies to main distribution and reseller partners across EMEA. In January 2006 Origin Storage acquired the brand and assets of Amacom and began to manufacture a range of portable storage solutions. It is also a distributor for some of the most respected storage enclosure manufacturers and offers a full range of rack, desktop and RAID products and accessories. The company emphasizes superior customer service, UK-based assembly and stock-holding that delivers competitive pricing.
About Wave Systems
Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.
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.
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