Company Furthers its Position as the Leader in Gaming Audio and Innovation with the Stealth 350VR – an Amplified, Rechargeable Gaming Headset Ergonomically Designed for use with Upcoming Virtual Reality Devices, Plus the All-New Stream Mic – the First Gaming Microphone Allowing Gamers to Livestream Content Directly from Their Xbox One, PlayStation 4, PC and Mac
Turtle Beach Also Debuts HyperSound Glass –
The World’s First Transparent Directional Speakers
San Diego, CA – June 13, 2016 – Turtle Beach Corporation (NASDAQ: HEAR) continues deepening its 40-plus-year strong roots as the leader in gaming audio and innovation with today’s announcement of new products debuting at this year’s Electronic Entertainment Expo (E3). First, the Company will be celebrating the launch of its all-new Elite Pro line eSports audio gear, offering show attendees the opportunity to sit down and play games while experiencing the future of competitive gaming audio performance and comfort first-hand, with special appearances by members of pro gaming teams OpTic Gaming and FaZe Clan. Further, on Tuesday, June 14th, fans who come by the Turtle Beach E3 booth from 1:30-2:15 p.m. and again from 3:15-4:00 p.m. can win prizes as they watch OpTic Gaming and FaZe Clan go head-to-head in a couple of friendly matches of a non-specific, military-based first-person shooter video game (rhymes with Call of Duty®).
Second, Turtle Beach will showcase its all-new Stealth 350VR – an amplified, 30+ hour rechargeable gaming headset ergonomically designed for use with virtual reality (VR) devices that takes the standard on-board VR audio and makes it fantastic with amplified sound and additional features and functionality, and the Stream Mic – the first studio-quality microphone designed to let gamers livestream like a pro directly from their Xbox One, PlayStation®4, PC and Mac. Last but not least, audiophiles and tech enthusiasts alike can have their minds (and ears) blown away with demos of HyperSound Glass – the world’s first transparent directional speakers. E3 takes place tomorrow through Thursday, June 14-16, 2016, and Turtle Beach’s Booth is #4800 in the West Hall of the L.A. Convention Center.
“We’re already off to a great start this year and 2016 continues to look even better as we create innovative products that offer gamers a better experience,” said Juergen Stark, CEO, Turtle Beach Corporation. “In April we posted great Q1 results. This past Sunday we launched our new Elite Pro line, which sets the new standard and defines the future of competitive gaming audio performance and comfort. We also recently announced partnerships with OpTic Gaming and FaZe Clan – two of the best eSports organizations in the world. And here we are at E3, revealing two new, forward-thinking products with the Stealth 350VR gaming headset and Stream Mic, both planned to launch later this year. All this and it’s only June, and there’s certainly more to come.”
Full details on Turtle Beach’s Stealth 350VR gaming headset and Stream Mic include:
· Turtle Beach® Stealth 350VR Gaming Headset – The Stealth 350VR gaming headset delivers Virtual Reality audio loud and clear with 30+ hour battery-powered amplification, Variable Bass Boost, and an ergonomic “built for VR” design that provides clearance for VR headbands and cables. The Stealth 350VR’s 50mm Neodymium speakers ensure a rich, expansive audio experience with crisp highs and thundering lows, while smooth, fabric-wrapped memory foam over-ear cushions ensure a comfortable fit. The removable noise-cancelling microphone provides crystal clear chat even when movement in the real world creates background noise, while Mic Monitoring lets gamers hear their own voice inside the headset to avoid shouting at other players. Cable management is made easy via the Stealth 350VRs detachable audio cables, while on-board audio controls are always within reach, mounted right on the headset. The Turtle Beach Stealth 350VR Gaming Headset is planned to launch this fall for a MSRP of $79.95.
· Turtle Beach® Stream Mic – The Stream Mic is a first-of-its-kind professional desktop microphone created for gamers streaming directly from their consoles. With the Stream Mic, players can livestream gameplay from their Xbox One and PS4™, as well as from a PC or Mac thanks to universal plug-and-play compatibility. Additionally, the Stream Mic features adaptive mic patterns and fully customizable software, while a dual-capsule mic array with advanced digital processing supports multiple pick-up patterns for different applications and environments, and a zero-latency headphone output provides accurate monitoring so anyone can stream like a pro. The Turtle Beach Stream Mic will elevate your Twitch, YouTube and MLG.tv streams to a whole new level, and is planned to launch this fall for a MSRP of $99.95.
In addition to the Stealth 350VR and Stream Mic, Turtle Beach will also be showing an early prototype of HyperSound Glass. HyperSound® directed audio is one of the biggest breakthroughs in audio technology to come along in decades. It’s a fundamentally new approach to sound delivery that generates a highly directional, narrow beam of audio in the air that can be pointed to a very specific location. Similar to how a flashlight directs a beam of light, HyperSound directs a beam of audio to targeted listeners in a specific spot, delivering an immersive, 3D-like audio experience. The Company’s latest glass-based innovation opens up the doors for exploration into several future directional audio products and applications, including integrating into desktop monitors, desktop speaker systems, commercial displays, automotive and more. Essentially, anyplace there’s glass there’s now the potential for audio.
For more information on the latest Turtle Beach gaming headsets and accessories, visit www.turtlebeach.com and be sure to follow Turtle Beach on Facebook, Twitter and Instagram. To learn more about HyperSound technology working on glass, go to HyperSound Innovations.
About Turtle Beach Corporation
Turtle Beach Corporation (www.turtlebeachcorp.com) designs leading-edge audio products for the consumer, commercial and healthcare markets. Under the Turtle Beach brand (www.turtlebeach.com), the Company markets a wide selection of quality gaming headsets catering to a variety of gamers’ needs and budgets, for use with video game consoles, including officially-licensed headsets for the Xbox One and PlayStation®4, as well as for personal computers and mobile/tablet devices. Under the HyperSound brand (www.hypersound.com), the Company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and healthcare. The company’s shares are traded on the NASDAQ Exchange under the symbol: HEAR.
Cautionary Note on Forward-Looking Statements
This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release, including those regarding the intended use of proceeds from the Offering and concurrent private placement, may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events. Forward looking statements are based on management’s statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “project”, “intend” and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management’s current belief, as well as assumptions made by, and information currently available to, management.
While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, the substantial uncertainties inherent in acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the implementation of any businesses we acquire, our indebtedness, and other factors discussed in our public filings, including the risk factors included in the prospectus supplement filed in connection with the Offering, the Company’s most recent Annual Report on Form 10-K and the Company’s other periodic reports. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.
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Turtle Beach Corp.
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