PRESS RELEASE
          Contact: Neilson/Clyne
          Tel: (615) 662-1616
          Fax: (615) 662-1636
        FOR IMMEDIATE RELEASE
        
        WAVES MAXXBCL UNIT OFFERS UNIQUE 
          BASS ENHANCEMENT AND DYNAMICS CONTROL FOR MASTERING AND POST PRODUCTION
        — Patented algorithm enhances bass for small speakers; Waves’ 
          warm compression, transparent L2 limiting and premier A/D/A conversion 
          included —
        TEL-AVIV, ISRAEL, April 19, 2005 — Waves 
          Ltd., the international leader in software and hardware based audio 
          DSP, has announced the release of MaxxBCL, a new processor that combines 
          Waves’ MaxxBass enhancer, Renaissance Compressor, and L2 Ultramaximizer 
          limiter in one hardware unit for the first time. In addition, the new 
          unit’s analog-to-digital and digital-to-analog converters exceed 
          the performance of the acclaimed converters in the L2 Ultramaximizer 
          hardware unit, a processor used on countless hit records and soundtracks. 
        
        MaxxBCL incorporates three of Waves’ well-known 
          audio processors in a sturdy 2U rack-mount configuration: MaxxBass enhancer 
          (which features a second-generation algorithm used in the company’s 
          Renaissance Bass); Renaissance Compressor; and L2 Ultramaximizer limiter. 
          All processing is performed in a 48-bit end-to-end path.
        MaxxBass uses psychoacoustic principles to generate harmonics 
          that add bass sound without adding bass frequencies, allowing listeners 
          to hear bass lower than physically present. The dynamics of the original 
          bass are duplicated in these harmonics, resulting in a very natural-sounding 
          bass enhancement. The MaxxBass harmonics and the original bass can be 
          mixed in any proportion at the output.
        This allows mastering and post production engineers to 
          create audio that translates well to consumer systems of varying size 
          and capability by creating a “second level” of bass sound 
          specifically aimed at small systems. Used in this way, the original 
          content of the low frequency spectrum is retained, while MaxxBass is 
          dialed in to generate harmonics that actually allow listeners to hear 
          the lower notes, even on small systems. In addition, MaxxBass is ideal 
          for adding deep and warm low end to archived music that lacks the powerful 
          bass expected today.
        The Renaissance Compressor provides the classic sound 
          of analog compression, adding warmth and control to full mixes, vocals 
          and instruments alike. Two compression modes are offered: ‘Opto’, 
          which models a vintage optically driven compression system; and ‘Electro’, 
          a modern-sounding compressor implementation. Full control of threshold, 
          ratio and attack are included, along with Waves’ ARC™ (Automatic 
          Release Control) that tailors the release time to the input signal, 
          reacting in a way similar to the human ear, and dramatically increasing 
          overall RMS level without sacrificing clarity or introducing artifacts. 
          The Renaissance Compressor is also capable of low-level compression/expansion.
        The L2 Ultramaximizer limiter, heard on countless hit 
          recordings and soundtracks, has a very fast overshoot-free response 
          that puts the sound up-front with astonishing transparency. The first 
          Waves hardware L2 Ultramaximizer unit became a standard piece of gear 
          in the best mastering and post facilities because of its ability to 
          significantly increase signal level without introducing audible artifacts. 
          In addition, the L2’s converters’ performance was equal 
          to the best dedicated converters on the market. Now the MaxxBCL goes 
          further, retaining the signature L2 algorithm and adding new converters 
          that offer even better performance.
        MaxxBCL features analog (both balanced and unbalanced) 
          and digital inputs and outputs, the latter including both AES-EBU and 
          S/PDIF capabilities at sample rates up to 96 kHz, allowing flexible 
          analog and digital format conversion at the highest possible quality. 
          Independent input and output level matching is provided in six steps 
          from 9 to 24 dBu, with 12 additional 1 dB steps of level trim per channel 
          available on the front panel. The input trim rotary switch is based 
          on 1% resistor networks. Transformer-coupled analog I/O (with Jensen 
          transformers on the input) is provided and the unit features a dynamic 
          range of 125 dB. Post-requantization processing is supplied by Waves’ 
          IDR (Increased Digital Resolution) dither system, which includes 9th 
          order noise shaping to minimize audible noise while dithering to 16- 
          or 24-bit output. The unit features a backlit panel and precision metering.
        Waves MaxxBCL is now available with a U.S. MSRP of $3200.
         
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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 Round Tower, 21st Floor, Tel-Aviv 67011, 
          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