SCOTTS VALLEY, Calif. - March 12, 2007 - Seagate Technology (NYSE:STX) today announced that Momentus® 5400 FDE.2, the world’s strongest encrypting 2.5-inch notebook PC hard drive with a comprehensive suite of powerful security capabilities, is shipping to ASI Computer Technologies for secure notebook systems that will feature Wave Systems Corp. (NASDAQ: WAVX) security management software to simplify enterprise deployments.

Seagate’s Momentus 5400 FDE.2 (Full Disc Encryption) hard drive features perpendicular recording technology to deliver up to 160GB of capacity, a fast Serial ATA interface, and hardware-based AES encryption, a government-grade security protocol used to encrypt all hard drive information transparently and automatically, preventing unauthorized access to data on lost or stolen laptops. The encrypting hard drive also gives organizations an easy way to repurpose or retire laptops without compromising sensitive information and to comply with the growing number of data privacy laws calling for the protection of consumer information using government-grade encryption.

ASI Computer Technologies, a leading channel provider of laptop PCs, will offer the drive in its new ASI C8015 whitebook system. For additional security, the ASI C8015, expected to be available as soon as April, will feature a biometric fingerprint reader for stronger user authentication. The laptop will target healthcare, legal, finance, government and other industries requiring strong protection of information stored on laptop PCs.

“Computer security is a growing concern for all of our channel customers, though fear of stolen laptops is especially acute,” said Kent Tibbils ASI senior director of Platform Technologies and Marketing. “And for good reason: the theft of intellectual property, customer information and other precious content stored on laptops can cost organizations dearly in legal remedies and customer retention, to say nothing of the considerable cost of restoring one’s good name. Seagate’s Momentus 5400 FDE.2 hard drive with the Wave Systems management software allows ASI to deliver notebooks with the strongest, easiest to deploy security available.”

The ASI C8015 will feature Wave Systems Embassy Security Center’s Trusted Drive Manager, software that simplifies setup and configuration of Momentus 5400 FDE.2 drives. Trusted Drive Manager also makes it easy for administrators and users to create and back up passwords, and for administrators to control hard drive policies and security settings. The software also leverages Seagate’s DriveTrust Technology to allow administrators to instantly and easily erase all data cryptographically so the drive can be safely redeployed or discarded.

Seagate DriveTrust Technology is a powerful new security platform that combines strong, fully automated hardware-based security with a programming foundation that makes it easy to add security-based software applications for organization-wide encryption key management, multi-factor user authentication and other capabilities that help lock down digital information at rest.

“The inherently secure hardware of the hard drive provides the ideal cryptographic environment where encryption keys and access control data are safeguarded from software attacks,” said Lark Allen, executive vice president, Wave Systems. “In a major step forward for data protection, Wave’s Trusted Drive Manager and Seagate DriveTrust Technology provide a new, highly secure pre-boot capability that authenticates users to their system, protecting data at rest from risks associated with loss of the notebook.”

Momentus 5400 FDE.2 – Locking down notebook PC data
Strong laptop data security is increasingly important as the adoption of notebook PCs continues to soar and more notebooks are used to store sensitive personal and business information. Lost or stolen notebook PCs can cost companies millions of dollars in compromised trade secrets and intellectual property and threaten consumers with the high cost of identify theft, yet many laptops remain unprotected. A recent Ponemon Institute study found that 35% of all computer data breaches involved lost laptops or other digital devices. In the institute’s 2005 National Encryption Survey, the chief reasons organizations cited for not encrypting sensitive or confidential information were concern about system performance (69%), complexity (44%) and cost (25%).

Momentus 5400 FDE.2 provides an easy, cost-effective way to prevent unauthorized access to all notebook PC data, not just selected files or partitions, in case the system or disc drive is lost, stolen, retired or resold. The 5,400-RPM drive’s hardware-based full disc encryption delivers significantly stronger protection against hacking and tampering than traditional encryption approaches by securely performing all cryptographic operations and key management within the drive.

About ASI Computer Technology
ASI Corporation is a global IT component and systems distributor with over $1.2 billion in revenue. With 24 locations world wide and over 20 years’ market experience, ASI is a leader in providing customers with the latest technology and computer-based solutions including a full line of custom-built notebooks designed to address the needs of this growing market segment. ASI is dedicated to working with its manufacturing partners to deliver technology that provides system integrators with unique solutions that give them the ability to add value through product differentiation. For more information about ASI, visit http://www.asipartner.com.

About Wave Systems Corp.
Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is a leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms from a variety of vendors. Wave holds a portfolio of significant fundamental patents in security and e-commerce applications and employs some of the world’s leading security systems architects and engineers. For more information about Wave, visit http://www.wave.com.

About Seagate
Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate’s business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, and to be the low cost producer in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world’s growing demand for information storage. Seagate can be found around the globe and at www.seagate.com.

Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC. Momentus is a trademark or registered trademark of Seagate Technology LLC or one of its affiliated companies. All other trademarks or registered trademarks are the property of their respective owners. One gigabyte, or GB, equals one billion bytes when referring to hard drive capacity. Accessible capacity may vary depending on operating environment and formatting.

For further information, contact Mike Hall.