Wave Encryption Management Software Accepted for Assurance Evaluation by UK Government's CESG
February 03 2014 - 8:29AM
Marketwired
Wave Encryption Management Software Accepted for Assurance
Evaluation by UK Government's CESG
LONDON, UNITED KINGDOM--(Marketwired - Feb 3, 2014) - Following
months of detailed preparations, Wave Systems Corp. (NASDAQ: WAVX)
announced that its software suite for managing hard drive
encryption has been accepted for evaluation into the CESG
(Communications-Electronics Security Group) Commercial Product
Assurance (CPA) programme.
CPA certification is awarded when a product has met all the
security characteristics set forth by CESG, the UK Government's
National Technical Authority for Information Assurance. CESG
protects the vital interests of the UK by providing policy and
assistance on the security of communications and electronic data,
working in partnership with industry and academia.
"We're delighted to have ERAS formally entered into CPA
evaluation, and would like to express our thanks to Roke Manor
Research, our lab testing partner, and CESG for their advice and
guidance during the preparation stage of this process," said Wave
CEO Bill Solms. "CPA assurance is considered the 'best practice
standard' for cyber security technologies and services within the
UK and opens new opportunities for government and private sector
business."
Wave is now listed on CESG's 'Products in Evaluation' web page:
(http://www.cesg.gov.uk/servicecatalogue/CPA/Pages/CPA-certified-products.aspx).
A decision on certification is expected during mid-2014; acceptance
into evaluation does not guarantee certification.
Wave helps organisations achieve compliance with international
data protection and privacy laws; its EMBASSY® Remote
Administration Server (ERAS) provides directory-based management
for two forms of encryption: Self-Encrypting Drives (SED), based on
the OPAL standard, published by the Trusted Computing Group and
Microsoft BitLocker®, a native hard disk encryption feature on many
Windows operating systems.
ERAS enables organisations to remotely initialize, lock and
manage SEDs and BitLocker configurations, recover passwords as well
as decommission drives at end-of-life. ERAS is deployed in some of
the world's largest enterprise infrastructures, with several
deployments of more than 100,000 devices at each
enterprise.
About Wave Systems Wave Systems Corp. 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.
About CESG CESG is the Information Security arm of GCHQ and is
based in Cheltenham, Gloucestershire, UK. It is the UK Government's
National Technical Authority for IA, responsible for enabling
secure and trusted knowledge sharing to help its customers achieve
their business aims. CESG uses its deep technical expertise to
provide its customers with insights into information risks and
mitigations, enabling customers to reduce both the risks to, and
impacts on, their information and information-based systems. For
more information on CESG, please visit http://www.cesg.gov.uk
About Roke Manor |Research Roke Manor Research Ltd is a
world-class electronics engineering company that provides contract
research, product development and manufacturing for a wide range of
UK and international customers. Roke develop advanced sensors,
communications systems, and network solutions for a diverse range
of applications. Trusted by government and industrial partners
worldwide, Roke provide independent advice, solve technically
challenging problems and deliver innovative capability and products
into the defence, national security, telecommunications, and
healthcare markets. Established in 1956 it is a wholly owned
subsidiary of Chemring Group plc. which employs over 4,000 people
globally. For more information on Roke Manor Research please visit
http://www.roke.co.uk
Safe Harbour 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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Company: Wave Systems Corp. Michael Wheeler 413-243-7026
mwheeler@wave.com Investor Relations: David Collins Eric Lentini
212-924-9800 wavx@catalyst-ir.com