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.
# # #
For Media/PR Information, Contact:
MacLean Marshall
PR/Communications Director
Turtle Beach Corp.
858.914.5093
maclean.marshall@turtlebeach.com
Keith Hennessey
UK/EU Communications Sr. Manager
Turtle Beach Corp.
+44 (0) 1254 51725
keith.hennessey@turtlebeach.com