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Contact: Neilson/Clyne
Tel: (615) 662-1616
Fax: (615) 662-1636



— Designed in association with Paul Reed Smith Guitars, Waves GTR™ system
now supports Pro Tools® 7 while giving engineers, producers and session guitarists
a new choice in professional guitar/DAW interfacing and processing —

KNOXVILLE, TN, December 23, 2005 — Waves Ltd., the international leader in software and hardware based audio DSP, has announced that its GTR™ (Guitar Tool Rack) now supports Pro Tools® 7 for both Mac® and Windows® platforms. GTR 1.0 for Windows has been tested and certified for proper operation under Pro Tools 7, while GTR 1.1 for Mac OS X makes GTR Pro Tools 7-compatible on Mac. Pro Tools 7 users can download the new Mac installer by visiting the following address: http://download.waves.com. Users of other hosts supported in 1.0 should continue using 1.0.

Designed and developed over a two year period in association with Paul Reed Smith, founder of PRS Guitars, the critically acclaimed Waves GTR is a high-quality virtual system that emulates popular guitar amplifiers and effects while allowing the user to plug their guitar directly into a digital audio workstation. With 7 virtual amps, 23 stomp effects and a hardware impedance and level-matching interface, the GTR system puts the world’s best amplifiers, cabinets, microphones and effects at the user’s fingertips.

Waves GTR is compatible with both Native and TDM systems and includes the Waves/PRS hardware interface, Waves Amp software and Waves Stomp software all in one package. U.S. MSRP for Waves GTR is $600 Native, $1,200 TDM.

A DVD is available which includes a video that details the GTR's features, a brief explanation of the Guitar Interface by Paul Reed Smith, and demo GTR software. Customers may visit www.waves.com and fill out the request form to have the DVD mailed to them. Waves is also launching a dedicated GTR website at www.wavesGTR.com.

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About Waves Ltd.:
Waves is a leading provider of audio DSP solutions for professional, broadcast, and consumer electronics audio markets. Waves has ten years of expertise in the development of psycho-acoustic signal processing algorithms that leverage knowledge on the human perception of hearing to radically improve perceived sound quality. Waves’ award-winning processors are utilized to improve sound quality in the creation of the world’s most popular music, movie soundtracks, and multimedia titles. Waves offers computer software solutions and hardware plus software solutions for the professional and broadcast markets. Waves also offers semiconductor with embedded software solutions under the Maxx brand for the consumer electronics audio applications. Waves’ Maxx technology dramatically enhances audio performance in consumer applications and has been licensed to several leading companies, including Motorola and Microsoft. For more information, visit the Waves web site at http://www.waves.com.

Other company and product names may be trademarks of the respective companies with which they are associated.

Waves Contacts:
North America Offices:
Waves, Inc., 306 West Depot Avenue, Suite 100, Knoxville, TN 37917;
Tel: 865-909-9200, Fax: 865-909-9245, Email: info@waves.com, Web: http://www.waves.com

Corporate Headquarters Israel:
Waves Ltd., Azrieli Center, The Triangle Tower, 32nd Floor, 132 Derech Petach-Tikva,
Tel-Aviv 67027, Israel; Tel: 972-3-608-4000, Fax: 972-3-608-4056, Email: info@waves.com,
Web: http://www.waves.com

Waves Public Relations:
Neilson/Clyne, Inc., 169-B Belle Forest Circle, Nashville, TN 37221;
Tel: 615-662-1616, Fax: 615-662-1636, Email: rclyne@neilsonclyne.com,
Web: http://www.neilsonclyne.com

Copyright ©2005, Neilson/Clyne, Inc.,
All Rights Reserved.