Leading Gaming Accessory Maker Enters Two New
Market Segments with the Groundbreaking Recon Controller and
VelocityOne Flight Simulation Control System
Leading gaming accessory maker Turtle Beach Corporation (Nasdaq:
HEAR) today announced its entry into two large and rapidly growing
gaming accessory markets – game controllers and gaming
simulation hardware. At E3 2021, the Company revealed two
groundbreaking products developed under its best-selling Turtle
Beach brand and provided details for the all-new Designed for Xbox
Recon™ Controller and
VelocityOne™ Flight simulation control system. Turtle
Beach’s entrance into the controller and gaming simulation hardware
markets present two major opportunities for the Company to expand
its reach by leveraging its strong brand and reputation for
creating high-quality gaming hardware. These new products will
provide gamers and simulation fans with first-to-market features
and innovations designed to elevate their experiences. The Recon
Controller is the first to pair Turtle Beach’s signature audio
technology with game-winning controls. VelocityOne Flight is
the complete flight control system, developed in collaboration with
aeronautical engineers and pilots to deliver the most immersive,
authentic, and modern PC and Xbox flying experience on the
market.
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The Turtle Beach VelocityOne Flight is
the all-in-one flight simulation controller for gamers on Xbox and
Windows 10 PCs, and will be available summer 2021 for a MSRP of
$349.95. (Photo: Business Wire)
“We’re putting the same expertise and energy that’s made us the
best-selling gaming headset maker for the past decade-plus into
creating controllers and simulation hardware that benefits gamers
with a better experience as we continue expanding our business to
deliver on our long-term growth objectives,” said Juergen Stark,
Chairman and CEO, Turtle Beach Corporation. “These two new
accessory segments add another $1 billion of global addressable
market, with third-party gamepad controllers at roughly $600
million, and PC/console flight simulation hardware adding roughly
$400 million in global market. Both of these markets are growing
rapidly, and our entrance with these first products will be the
start of an expanding portfolio into other adjacent PC simulation
hardware categories.”
Stark continued, “We’ve grown our award-winning ROCCAT PC
accessory portfolio and revenues significantly since expanding into
the PC category with that acquisition roughly two years ago. Given
that success, the exciting portfolio of Neat Microphones launching
this year, and this expansion into the large game controller and
gaming simulation hardware markets, I expect we could approach – or
even be over – $100 million in revenues outside our historical core
console headset business next year.
“The Recon Controller lets gamers connect any wired 3.5mm
gaming headset and provides exclusive Turtle Beach audio technology
like our custom-tuned audio presets, and Superhuman Hearing™, which
is our patented audio setting that helps you hear enemy players
before they hear you, among other features. The Recon
Controller is sleek, feels great in your hands, and is the
perfect companion to the millions of Turtle Beach headsets being
used by our fans playing on Xbox.”
Stark added, “Microsoft’s Flight Sim 2020 astonished gamers and
flight sim fans alike with its stunning visual quality when it
debuted on PC last year, and with the game coming to Xbox Series
X|S this summer, we believe it will fuel a wider audience of gamers
to explore flight simulation. As a pilot and flight sim enthusiast
myself, after seeing the incredible visual realism of the game
early last year and being very familiar with the existing hardware
in the market, I knew we could design a better, more integrated and
modern flight control product that flight sim enthusiasts would
want. We hired a team with deep experience in flight sim hardware
and developed a fully integrated system that works with Xbox and PC
and provides everything a new flier needs, along with the
capability and features that hardcore flight simmers want. For the
great price of $349.95, there’s nothing else like it.”
Additional details on Turtle Beach’s all-new Recon
Controller and VelocityOne Flight simulation control
system below.
Turtle Beach Recon
Controller
Designed for Xbox, the all-new Turtle
Beach Recon Controller is the first controller to pair
the brand’s signature audio innovations with game-winning controls.
Gamers on Xbox Series X|S and Xbox One will be able to plug in any
wired headset with a standard 3.5mm audio interface and take
advantage of proven Turtle Beach features, including Superhuman
Hearing®, Mic Monitoring, Signature Audio Presets, and more.
Additionally, Pro-Aim™ Focus Mode lets users tune the thumbstick
sensitivity for enhanced long-range accuracy, while up to four
profiles can be saved on each of the rear quick-action buttons.
Feel the recoil of gunshots and the purr of vehicle engines through
next-gen vibration feedback from dual-rumble motors in the handles
and triggers. The Recon Controller lets gamers play longer
and stay cooler thanks to its ergonomic shape and cooling rubber
grips. The Recon Controller will be available this summer
for a MSRP of $59.95, and is the perfect companion for any wired
gaming headset, like Turtle Beach’s all-new Recon 500.
VelocityOne Flight
Gamers looking for the ultimate flight simulator experience on
Xbox Series X|S and Windows 10 PCs need look no further than the
groundbreaking Turtle Beach VelocityOne Flight simulation
control system. Designed for Xbox and developed in collaboration
with aeronautical engineers and pilots, VelocityOne Flight
offers intuitive and realistic controls and equips users across all
experience levels with an all-inclusive system to experience the
thrill of flight. A true-to-life 180° yoke handle with built-in
rudder controls at your fingertips provide precise control of any
aircraft. The included modular throttle quadrant with integrated
trim wheel, both lever and vernier controls, and swappable lever
handles offers at-home aviators enhanced customization and a
realistic flight experience for both light and heavy aircraft. A
simple USB connection offers users an easy setup process whether
playing on an Xbox Series X|S console or Windows 10. VelocityOne
Flight will launch this summer for a MSRP of $349.95.
For more information on the latest Turtle Beach products and
accessories, visit www.turtlebeach.com and be sure to follow Turtle
Beach on TikTok, Twitter, Instagram, and Facebook.
About Turtle Beach
Corporation
Turtle Beach Corporation (www.turtlebeachcorp.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.com) 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.
All trademarks are the property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20210614005747/en/
North America Eric Nielsen Step 3
Public Relations 202.276.5357 eric@step-3.com
MacLean Marshall Sr. Director, Public Relations & Brand
Communications Turtle Beach Corporation 858.914.5093
maclean.marshall@turtlebeach.com
Europe Jessica Albiston Sr.
Marketing Communications Manager Turtle Beach Germany GMBH
jessica.albiston@turtlebeach.com
Keith Hennessey Sr. Director, Communications & Partnerships
– International Turtle Beach + 44 (0) 1256 678350 keith.hennessey@turtlebeach.com
Investor Information: Cody Slach or
Alex Thompson Gateway Investor Relations 949.574.3860
hear@tgatewayir.com
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