Tuesday, March 17, 2009

Wave Systems 10K

Product, market and customer concentration: "Of the total revenue realized for the years ended December 31, 2008 and 2007, 100% was derived from Wave's EMBASSY computer security products and services." (80% of sales to Dell) "Wave's products are unique because they support cross platform interoperability for the currently available TPM chips from Nuvoton (formerly Winbond), Broadcom, Atmel, Infineon and ST Microsystems, and have been certified and/or approved for usage on TPM-based platforms shipped by Dell, Intel, Acer, Fujitsu, Lenovo, NEC and HP."

Patent foundation: "Wave has been issued twelve (12) United States patents relating to encryption and to our proprietary EMBASSY and Wave Commerce technology. We also have seven (7) patents pending before the United States Patent Office. In addition, we have two (2) foreign patents and twenty-nine (29) pending foreign patent applications."

Employees: "As of December 31, 2008, we employed ninety (90) full-time employees, forty-five (45) of whom were involved in sales, marketing and administration and forty-five (45) of whom were involved in research and development (including six (6) employed by Wavexpress, three (3) of whom were in sales, marketing and administration and three (3) of whom were involved in research and development). As of December 31, 2008, we retained the services of three (3) full-time consultants."