Turtle Beach’s Total Patent Portfolio Exceeds
150 Issued and
Pending Patents for the Company’s Gaming Headset
and HyperSound Businesses
San Diego, CA – November 24, 2015 – Turtle
Beach Corporation (NASDAQ: HEAR), the leading-edge audio technology company, today
announced new patents have been allowed for issuance in China and Japan for its
innovative HyperSound®
technology. With the Company’s 40 year history in audio innovation, and as the
pioneer in making this unique audio technology work in consumer products, this
latest allowance covers a key part of HyperSound’s
electronics system. The total HyperSound technology
patent portfolio includes 40 issued and 62 pending patents. That’s in addition
to Turtle Beach’s gaming headset business, which has eight issued and 47
pending patents.
“We continue to build a strong patent
portfolio around our engineering expertise in audio technology,” said Juergen
Stark, CEO, Turtle Beach Corporation. “This international HyperSound patent allowance is consistent with our strategy to
protect our innovative technology in other parts of the world, and we expect
the depth of our pending patent portfolio to further our intellectual property.”
Patents on the Company’s HyperSound technology cover proprietary
digital signal processing to produce high-quality audio, amplification and
transduction. They also cover the methods of constructing HyperSound’s thin, flat panel audio emitters along with practical
uses, such as applications like the Company’s just-launched HyperSound Clear™ product that provides a
home entertainment audio solution for people living with hearing loss.
Stark continued, “Since acquiring the
technology in January 2014, we’ve grown HyperSound’s
patent portfolio by 30 issued and pending patents to the current total of 102,
some covering multiple future designs of the emitters, including thin,
transparent emitters, and we still have more plans on the drawing board.”
Turtle Beach also has strong IP assets in
its gaming headset business. The aforementioned eight issued and 47 pending patents
cover core and differentiating capabilities, including features that enable
dynamic control of game and chat audio volume, as well as features that enable
custom processing of gaming audio. One of the more recently issued gaming headset
patents was granted based upon an innovation intended to make gaming headsets
more comfortable for players who wear glasses. This technology will be introduced
via a new product planned to be revealed early next year. Turtle Beach continues
to focus on innovations in the gaming headset space, and with its broad
selection of feature-packed products catering to gamers’ varied desires and
budgets, the Company has maintained its spot as the clear revenue market share
leader in the U.S. over the last three years, holding 46% in 2014.
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.
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 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 Company’s most recent Quarterly Report on Form 10-Q
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 any 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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For Media Information,
Contact: For Investor Information,
Contact:
MacLean Marshall Cody Slach
PR/Communications Director Investor
Relations
Turtle Beach Corp. Liolios
858.914.5093 949.574.3860
maclean.marshall@turtlebeach.com hear@liolios.com