TVTonic Expands High-Definition Offerings Through Content License with ON Networks

Five of New Media Company’s HD TV Shows to be Featured in TVTonic’s Channel Guide

Wavexpress, a provider of broadband media technology and services, majority-owned by Wave Systems Corp. (NASDAQ: WAVX), today announced a new content license with ON Networks, a leading new media company. The content license will allow Wavexpress to feature five of ON Networks’ entertaining and engaging TV shows in high-definition (HD) in its free Internet television application, TVTonic.

The new channels being added to TVTonic’s lineup include:
Golf Tips with Joe Beck: Golf enthusiasts looking for expert advice on improving their game need look no further. Golf Tips debuts as a virtual driving range, offering viewers direct access to the best golf techniques available, delivered by seasoned PGA professional Joe Beck.
On Dating: Dating coach Andrea Syrtash helps viewers navigate the sometimes treacherous terrain of online romance. Each episode serves as a 3-8 minute primer on how to date in the 21st century, offering viewers advice on topics ranging from how to write the perfect profile to selecting the site that’s best for you.
The Parent Code: Since kids don’t come with instructions, The Parent Code helps parents successfully tackle child-raising with greater confidence. From tots to teens, parents can count on expert advice on how to save time and money and keep their family safe, healthy and happy.
Backpack Picnic: Viewers are treated to absurdist sketch comedy at its very best, served up by comedy troupe veterans Mitch Baker and Dave Bewley and their band of merry men. With a combination of one-off skits and recurring character pieces, the show redefines how weird and hilarious sketch comedy can be.
Bif! Bam! Pow! Wow!: Hipper than a speeding bullet, more irreverent than a locomotive and able to leap tall buildings with a single quip, this show celebrates and critically reviews all that geek culture holds dear: comic books, graphic novels, movies, action figures and video games.

“Our goal at ON Networks is to provide original and entertaining programming to viewers through the most popular platforms available,” said Kip McClanahan, CEO of ON Networks. “TVTonic provides a great venue for our wide array of content because viewers can watch it on their desktop, laptop or on the biggest screen in their house. Since all of our content is shot in HD, it looks beautiful whether it’s viewed through TVTonic on a computer or on a living room TV.”

TVTonic, a free offering available with any PC running Windows Media Center, and for online access by any PC user at www.tvtonic.com, is designed to create a television experience out of Internet video by taking the hassle out of searching for quality video on the Internet and allowing the viewer to simply see what’s on, pick a channel, then sit back and watch. TVTonic manages a viewer’s subscriptions much like a digital video recorder (DVR) for the Internet. Viewers select the channels they want to record and TVTonic caches the shows on the hard drive, ensuring that the content is ready for viewing in a seamless, up-to-HD format that remains high quality in full-screen mode. TVTonic is also designed to be navigated with a remote control, either on a consumer’s PC or living room TV, for easy surfing across channels.

“The future of Internet television lies in providing the highest quality video programming, both in terms of resolution and content,” said Michael Sprague, President of Wavexpress. “Through our content license with ON Networks, we will be able to expand TVTonic’s HD offerings while also providing five new channels of entertaining programming to our users.”

About ON Networks, Inc.

ON Networks is changing the way traditional TV programs are created, distributed, consumed and monetized. It’s a new media company delivering original, high-definition shows on-demand across multiple digital platforms, including the Internet, digital cable, IPTV, and various mobile and gaming devices. Offering lifestyle programs covering a variety of topics, ON’s weekly shows satisfy the growing demand for relevant, smart and entertaining programming that is available when, where and how viewers want to watch it. ON Networks is a privately-held company backed by Accel Partners, Austin Ventures and AT&T. See tomorrow’s television programming today at www.onnetworks.com.

About Wavexpress

Wavexpress enables secure broadband distribution of premium digital content. The company delivers full-screen video in near HD-quality, as well as games, music and software. Wavexpress supports a variety of business models, including subscription, pay-per-view, and advertising services. For more information about Wavexpress, or to learn about its Internet television application TVTonic, please visit www.tvtonic.com.

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 nearly 140 PC industry leaders that forged open standards for hardware security. Wave’s EMBASSY® 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). TPMs are included on tens of millions of 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.

All brands are the property of their respective owners.

Contacts

Wavexpress
Schwartz Communications
Justin Drake / Dave Bowker, 781-684-0770
wavexpress {at} schwartz-pr(.)com
or
Wave IR:
Jaffoni & Collins
David Collins / Ratula Roy, 212-835-8500
wavx {at} jcir(.)com