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 email@example.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 firstname.lastname@example.org.
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.
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