San Diego, CA – February 25, 2016 – People
across Europe looking to hear the television better will soon be able to have a
significantly improved home entertainment experience as Turtle Beach’s revolutionary
new sound system,
HyperSound Clear™, has received the necessary regulatory
certifications to launch in Europe.
HyperSound Clear is designed to help
people hear and understand the television more clearly, allowing them to once
again enjoy watching their favorite shows, listen to music and play video games
while hearing crisp, clear audio. With the new certifications in place, Turtle
Beach will begin sending shipments of
HyperSound Clear to the Company’s
distribution partners in the UK, France, Germany and Benelux countries.
HyperSound
Clear was created by
Turtle
Beach Corporation (NASDAQ:
HEAR), a
leading audio technology company for over 40 years.
“HyperSound Clear is one of the most
innovative audio products to come along in decades, so we’re very excited about
our first international extension following our U.S. launch a few months ago, and
to offer it in the UK and select European territories,” said Rodney Schutt, SVP
and General Manager for the HyperSound
business at Turtle Beach. “This is a key certification milestone for us given
the large size of the European market and the access it gives to the millions
of people interested in having a better television and home entertainment
listening experience, in a way that only HyperSound Clear can deliver.”
HyperSound® technology is a fundamentally
new approach to sound delivery that generates a directional, narrow beam of audio in the air.
Similar to how a flashlight directs a beam of light, HyperSound Clear directs
a beam of audio to targeted listeners that has been shown to significantly
improve sound clarity and speech intelligibility in individuals with hearing
loss1. HyperSound Clear works in parallel with the audio from the television
or home theater system, so a person sitting in the HyperSound beam can independently control
the device’s volume and experience immersive 3D audio, while everyone else in
the room hears audio from the television speakers or home theater system at a
normal volume level. This means that people having trouble hearing the TV,
along with family members and friends, can once again return to the family room
to enjoy the latest home entertainment together.
Consumers in the UK, France and Germany interested in purchasing HyperSound
Clear should speak with their local hearing healthcare providers, who
can contact the HyperSound EU team for
direct sales and support via email int@hypersoundhearing.com. Across the
Netherlands, Belgium and Luxembourg, consumers can contact Battery Benelux BV –
a Dutch wholesaler for hearing healthcare products and Turtle Beach’s HyperSound distribution partner for the
territories, at +31 (0) 88 530 6000 and at info@batterybenelux.nl.
To learn more about HyperSound technology and HyperSound Clear, please visit the
official website at http://hypersoundhearing.com.
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, 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.
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.
###
For Media/PR
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