Company’s Latest
Innovation in HyperSound Directional Audio
Opens Doors for Future
Product Possibilities
San Diego, CA – June 8, 2016 – Turtle Beach Corporation
(NASDAQ: HEAR), a
leading audio technology company for over 40 years, has achieved another
significant breakthrough with its HyperSound®
technology, as the company revealed today it is now able to create
directional audio using a transparent pane of glass. The Company’s latest
innovation opens the doors for exploration into future glass-based directional
audio products and applications in the consumer, commercial and hearing
healthcare spaces. Turtle Beach will be showing an early prototype of HyperSound Glass directional speakers at
the 2016 Electronics Entertainment Expo, which takes place June 14-16, 2016 at
the L.A. Convention Center.
“The advancements the HyperSound team is making with directional audio are simply amazing
– some of the biggest breakthroughs in audio technology to come along in
decades,” said Juergen Stark, CEO, Turtle Beach Corporation. “Being able to create
highly directional audio using glass opens up many potential opportunities, including
integrating into desktop monitors, commercial displays, desktop speakers, and automotive
dashboard glass to provide warnings directed specifically at the driver…pretty
much anywhere there’s glass there’s a potential for audio. As we progress the
technology, this also opens up licensing possibilities to external parties
looking for ways to integrate the latest audio technology into their products.
Again, it’s still early in development and the applications are simply ideas on
the drawing board, but at the same time having HyperSound directional audio working on glass is very exciting and
we can’t wait to show it publicly for the first time at E3.”
HyperSound technology is a
fundamentally new approach to sound delivery that generates a highly directional, narrow beam of audio in the air.
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. HyperSound
Glass is similar in design to touchscreen glass, where there are multiple
layers of transparent materials and electronics working in conjunction with the
glass. For HyperSound Glass, the glass pane is layered with a
set of transparent films allowing it to generate a beam of ultrasound that
delivers crisp, clear audio to the targeted listener.
To learn more about HyperSound technology working on glass, go to HyperSound Innovations. For
additional information on Turtle Beach’s HyperSound
Commercial and Hearing Healthcare products, including the HyperSound Clear 500P, visit the HyperSound and HyperSound
Hearing websites.
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
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“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.
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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