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LogicEase Solutions To Use Wave Systems' Digital Signing and Storage Capabilities In Mortgage Legal Compliance Process
LogicEase Solutions Will Also Resell Wave's SignOnline® Capabilities to Mortgage Industry

Lee, Massachusetts, USA - Sept 19, 2002- Wave Systems Corp. (Nasdaq: WAVX - www.wave.com) today announced it has sold SignOnline® digital signature and storage services products to LogicEase Solutions, Inc., San Francisco, for use in the mortgage industry.

Wave's SignOnline SmartSignature?? and SmartSAFE?? software applications ensure the integrity of legally-binding digital contracts. Through its point-and-click interface, SmartSignature software uses PKI technology to create a legally binding signature on a PDF document. A signed document is then stored and managed by SmartSAFE technology. Via SmartSAFE, an institution can view, manage, store and transfer sensitive signed and unsigned documents. Documents will be signed, verified, accepted and filed in minutes - instead of days - and at a fraction of the cost.

LogicEase Solutions will use Wave's SignOnline portfolio with their ComplianceEase Solutions suite that addresses compliance with so-called "predatory lending" legislation enacted in numerous states. ComplianceEase's flagship product - PredatorAnalyzer?? -- uses automated intelligent reasoning and decisioning technologies to verify that loans are compliant with appropriate lending law.

The SignOnline solution will help to further automate the ComplianceEase offering. Initially, LogicEase will have its financial services companies' customers execute its Services Agreement to use the ComplianceEase suite via SmartSignature, and Wave will store the document using SmartSAFE capabilities. Longer-term, LogicEase sees many ways to integrate the SignOnline offering into their business processes.

Additionally, ComplianceEase will resell SmartSignature and SmartSAFE capabilities to the financial services industry.

"This is a very important and significant move for both our companies and one that fits in totally with LogicEase's strategy of seeking relationships with institutions that will enhance our ability to better serve the mortgage industry. We very much look forward to a mutually awarding relationship," said Willem (Bill) Ridder, executive vice president, LogicEase Solutions Inc.

"The SignOnline SmartSignature and SmartSAFE digital solutions are the richest set of e-vault and e-sign applications available to the financial services industry today," said Kelly Purcell, Wave's vice president, financial services. "Used as a part of the ComplianceEase portfolio, SmartSignature and SmartSAFE will make the LogicEase business more efficient and productive. And we believe there is a large market for SignOnline e-vault applications that ComplianceEase customers will need."

Wave Systems will address these opportunities at the upcoming Document Custody Conference (www.mbaa.org/conferences) to be held at the Royal Sonesta Hotel, Boston, MA, Sept. 22-24, 2002. At the conference, James Horne, vice president financial services, Wave Systems, will speak on "Electronic vaulting in the mortgage industry" Sept. 24 from 9 a.m. until 10:30 a.m.

Terms of the agreements with LogicEase Solutions were not disclosed.

About LogicEase Solutions, Inc.

LogicEase's division, ComplianceEase, is a leading provider of intelligent business solutions to the financial services industry since 2000. ComplianceEase's flagship product - PredatoryAnalyzer?? is the industry's first automated compliance solution utilizing intelligent reasoning and decisioning technologies to integrate business solutions in mortgage compliance processes. ComplianceEase powers beginning-to-end solutions in a fraction of the time and cost as compared to traditional manual approaches. ComplianceEase's additional products and services include ComplianceAuditor?? and a variety of professional, consulting, and support services. For more information, visit www.ComplianceEase.com.

About Wave Systems

Wave Systems' goal is to build a worldwide network of users based on trusted electronic relationships. Trust @ the Edge defines a new architectural model for the Internet, which embeds trust and security in every user device. Wave Systems is developing, deploying and licensing its EMBASSY Trusted Client technology for the mass adoption of this revolutionary model. Wave is integrating industry standard functions from a wide range of partners that enable reliable, secure digital exchange and commerce. Wave Systems and third parties are building the services that will take advantage of this open model. For more information about Wave Systems and Trust @ the Edge, visit http://www.wave.com.

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