SAN DIEGO, March 24, 2021 /PRNewswire/ -- Leading
gaming accessory business Turtle Beach Corporation (Nasdaq:
HEAR), today announced it has partnered with Chinese audio firm
Audfly Technology to commercialize the Company's
HyperSound® directed audio technology.
Audfly is a pioneer and leader focusing on acoustics innovation and
is one of the foremost experts in directed audio technology with an
existing product line that utilizes directed audio. Audfly will
incorporate and further commercialize the innovative
HyperSound IP, including HyperSound
Glass™, into new products for commercial,
retail, business, and consumer applications.
"We've long seen the potential for HyperSound
technology, and this partnership with Audfly will fulfill our
vision for bringing this groundbreaking audio technology to new
markets while we focus on the tremendous opportunities in our core
gaming business," said Juergen
Stark, Chairman & CEO, Turtle Beach Corporation. "Unlike
other directional audio solutions, the HyperSound
capability we've developed after years of research and advancements
enables high-quality audio from reasonably sized flat panels. We've
protected these innovations with an encompassing set of global
patents which will now be utilized by Audfly to further the
technology and pursue future product opportunities. We're very
excited to see the advancements Audfly will bring to consumers and
businesses using this technology."
HyperSound technology is a unique approach to
sound delivery that generates a highly directional, narrow beam of
audio utilizing an ultrasound carrier and patented technology that
took years to develop. 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. With HyperSound Glass, the screen you are
watching is also the speaker, generating a beam of ultrasound that
delivers crisp, clear audio to the targeted viewer. In addition to
producing a tight beam of audio, HyperSound has also
been proven to enable significant improvements in listening clarity
for users with hearing loss.
"We are building the future of this technology
and utilizing Turtle Beach's HyperSound
technology enables us quick access into the global directed audio
market. This is a major advancement for Audfly," notes Zhen Li, Chairman & CEO of Audfly
Technology. "We're excited to partner with Turtle Beach in
this very important and pioneering space and are looking forward to
additional breakthroughs in directed audio."
The partnership is structured as a strategic cooperation for
both companies where Audfly is able to utilize the innovative
HyperSound IP, including the brand, market info, and
distribution channels and further develop the technology. In
return, Turtle Beach will receive revenue sharing for all
HyperSound-based products. Once certain objectives at
met, Audfly will have the option to fully acquire the
HyperSound IP from Turtle Beach Corporation.
For additional information on Turtle Beach Corporation and
HyperSound visit https://corp.turtlebeach.com and
https://hypersound.turtlebeach.com. For more information on Audfly,
visit www.en.audfly.com.
About Audfly
Audfly Technology is a leading enterprise
engaged in providing innovative audio solutions in
China. Committed to developing
high-tech audio products and solutions and with years of
exploration, Audfly is a leader in audio solutions and one of
the foremost experts in directed audio. Audfly Technology is known
as the first one to commercialize directed audio in China. Audfly has also successfully applied
specific innovative audio technologies including sound source
localization, sound imaging, and active
noise-cancellation into consumer and industrial
applications.
About Turtle Beach Corporation
Turtle Beach
Corporation (https://corp.turtlebeach.com) is one of the world's
leading gaming accessory providers. The Turtle Beach brand
(www.turtlebeach.com) is known for pioneering first-to-market
features and patented innovations in high-quality, comfort-driven
headsets for all levels of gamer, making it a fan-favorite brand
and the market leader in console gaming audio for the last decade.
Turtle Beach's ROCCAT brand (www.roccat.org) combines detail-loving
German innovation with a genuine passion for designing the best PC
gaming products. Under the ROCCAT brand, Turtle Beach creates
award-winning keyboards, mice, headsets, mousepads, and other PC
accessories. Turtle Beach's Neat Microphones brand
(www.neatmic.com) creates high-quality USB and analog microphones
for gamers, streamers, and professionals that embrace cutting-edge
technology and design. Turtle Beach'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 may constitute forward-looking
statements regarding assumptions, projections, expectations,
targets, intentions or beliefs about future events. Statements
containing the words "may", "could", "would", "should", "believe",
"expect", "anticipate", "plan", "estimate", "target", "goal",
"project", "intend" and similar expressions, or the negatives
thereof, 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 and
expectations, 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
substantial uncertainties inherent in the 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 integration of any
businesses we acquire and the integration of such businesses within
our internal control over financial reporting and operations, our
indebtedness, the Company's liquidity, and other factors discussed
in our public filings, including the risk factors included
in the Company's most recent Annual Report on Form 10-K,
Quarterly Report on Form 10-Q, 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.
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SOURCE Turtle Beach Corporation