San Diego, CA – August 29, 2016 – Turtle
Beach Corporation
(NASDAQ: HEAR), a leading audio technology company for over 40 years,
today announced that Chicago’s leading audio/video retailer – Abt
Electronics – is the
first retailer in the nation to carry Turtle Beach’s revolutionary HyperSound
Clear™ 500P directed audio system for the home. Abt Electronics is
showcasing the HyperSound system on their website and in their store’s premiere demo
room, where shoppers can experience audio unlike anything they’ve ever heard
before.
“With HyperSound’s amazingly clear surround-sound experience you have to
hear it to believe it and Abt Electronics is the perfect retailer to launch our
pilot program that offers savvy electronics shoppers the opportunity to
experience HyperSound directly,” said
Juergen Stark, CEO, Turtle Beach Corporation. “Time and time again we’ve
witnessed people’s real-time reactions to HyperSound
and there’s just no describing it – you simply need to sit in the beam and
experience it for yourself, which is why I encourage everyone in the local
Chicago area to visit the Abt store and get a proper HyperSound Clear 500P
demo.”
Added Mike Abt, Co-President, Abt
Electronics, “I enjoyed the HyperSound
demo and thought the speakers filled a big need for people struggling to hear
the TV. Nothing bothers me more than a TV with the volume turned-up all the way,
and the HyperSound Clear 500P enables someone having trouble understanding
dialogue from the TV to listen at their own level, while the rest of the family
can sit in the same room and enjoy the TV at its regular volume level.”
HyperSound technology is Turtle Beach’s
fundamentally new approach to sound delivery that generates a highly
directional beam of audio in the air. Similar to how a flashlight directs a
beam of light, the HyperSound Clear 500P directs a beam of audio to targeted
listeners, delivering an amazing, 3D audio experience that sounds as if you’re
wearing a high-end surround sound headset, yet without wearing anything on your
head at all. HyperSound’s unique
directed audio has been shown to significantly1 improve sound clarity and speech
intelligibility to provide a much better home entertainment listening
experience for people struggling to hear the TV.
Abt Electronics is located at 1200 N.
Milwaukee Ave. in Glenview, IL 60025. For more information about Abt
Electronics, visit the store’s website at www.abt.com or call (847) 544-2933. For additional
information on Turtle Beach’s HyperSound Clear 500P directed audio
system for the home, visit http://hypersoundhearing.com.
About
Abt Electronics
Abt Electronics operates a 350,000
square-foot showroom in the Chicago suburb of Glenview, IL, where the company
displays its collection of quality electronics products and appliances from a
variety of different producers. The company also maintains an online site, www.abt.com, and is an authorized online vendor
for a variety of top appliance and electronics brands. Throughout the company’s
80 years of operation, Abt Electronics has remained family-owned and operated,
weathering competition from large chain retailers by providing exemplary
customer service, competitive prices, and award-winning installation and repair
work.
About
Turtle Beach Corporation
Turtle Beach Corporation (http://corp.turtlebeach.com) designs innovative, market-leading
audio products for the consumer, healthcare and commercial sectors. Under
its award-winning Turtle Beach brand (www.turtlebeach.com), the Company has been the clear
market share leader for the past five-plus years with its wide selection of
acclaimed gaming headsets for use with Xbox One and PlayStation®4,
as well as personal computers and mobile/tablet devices. Under the HyperSound brand (www.hypersound.com), the Company markets pioneering
directed audio solutions that have applications in hearing healthcare, digital
signage and kiosks and consumer electronics. 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,
risks related to the Company’s liquidity, 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 Company’s most recent Annual Report
on Form 10-K, Quarterly Report on Form 10-Q and 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.
1 Mehta, R., Mattson,
S., & Seitzman, R., Kappus, B. (2015, August). Speech recognition in the
sound field: directed audio vs. conventional speakers. Audiology Online,
Article 14901. Retrieved from http://www.audiologyonline.com. Dr. Mehta and Dr.
Mattson are paid consultants of Turtle Beach.
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For
Media/PR Information, Contact:
MacLean
Marshall
PR/Communications
Director
Turtle
Beach Corp.
858.914.5093
maclean.marshall@turtlebeach.com
For Investor Information, Contact:
Cody Slach
Investor Relations
Liolios
949.574.3860
hear@liolios.com