Turtle Beach Corporation

08/19/2024 | News release | Distributed by Public on 08/19/2024 06:35

BEST-SELLING GAMING ACCESSORIES MAKER TURTLE BEACH CORPORATION UNVEILS NEW GAMING HEADSETS, CONTROLLERS, & MORE LAUNCHING FALL 2024

Turtle Beach Showcases the Redesigned Stealth 700 Multiplatform Gaming Headset as the Newest Iteration of the Brand's Renowned & Best-Selling Premium Wireless Headset Model

PDP's New REALMz Wireless Nintendo Switch Controller & Travel Case Plus Glow Elevates Minecraft Fandom & Collectability to New Levels

PDP Glows Up an All-New Family of Afterglow Wave Controllers, Headsets, & Chargers


White Plains, NY - August 19, 2024 - Leading gaming accessories maker Turtle BeachCorporation (Nasdaq: HEAR), and Performance Designed Products LLC (PDP), today unveiled a variety of performance-driven gaming headsets, controllers, and other accessories launching this fall. Headlining the new gear is the redesigned Turtle Beach®Stealth™ 700- the brand's renowned premium wireless multiplatform gaming headset. PDP® also introduced a new REALMz™ wireless Nintendo Switch™ Controller and Travel Case Plus Glow for Minecraft fans, and an entire new family of Afterglow™ Wave headsets, controllers, and charging accessories.

"We're excited to build on the formidable momentum Turtle Beach and PDP have already created in 2024 with another wave of highly sought-after gaming accessories coming later this year," said Cris Keirn, CEO, Turtle Beach Corporation. "Our Stealth 700 series headsets have been fan favorites since first launching in 2017. With our third-generation multiplatform Stealth 700, we're incorporating incredible features and refinements like massive 60mm dual drivers and a dual wireless transmitter system."

Keirn continued, "PDP continues to deliver premier fan and gaming experiences with the new limited-edition Minecraft REALMz wireless controller and case for Nintendo Switch, while its latest Afterglow Wave family of products expands with new colorways and functionality. With these latest additions to our overall portfolio of gaming accessories, including our recently announced Kone™ II mice also launching in September, our breadth of options and commitment to performance will delight gamers this fall."

The gaming accessories below are available for pre-order now from www.turtlebeach.com and www.PDP.com, as well as participating retailers.

Turtle Beach® Stealth™ 700 Wireless Gaming Headset

The Turtle Beach Stealth 700 wireless multiplatform gaming headset for Xbox, PlayStation®, PC, Steam Deck™, and mobile is redesigned for a third generation of premium gaming prowess. Gamers can dominate on console, PC, and compatible Bluetooth® devices with the Stealth 700's CrossPlay dual wireless transmitter system, which includes two wireless transmitters allowing gamers to change the headset's audio source at the touch of a button. The new Stealth 700 also features massive and powerful 60mm Eclipse™ Dual Drivers, a third-generation flip-to-mute mic with A.I. noise-cancellation, an 80-hour battery life, and much more. The Stealth 700's dedicated PC version adds 24-bit, 96kHz high-fidelity wireless audio and Waves 3D sound enhancements, plus a 16-bit, 32kHz high-bandwidth microphone. The Designed for Xbox Stealth 700 is available in cobalt blue/gold or black/silver, while the PlayStation version is available in white/silver or black/silver. The Stealth 700 PC version is available in black/silver. Turtle Beach's new Stealth 700 headsets are available for pre-order for $199.99/£179.99/€199.99 MSRP and launch Sept. 22, 2024.

PDP® Minecraft REALMz™ Forest Biome Wireless Controller & Minecraft REALMz™ Forest Battle Travel Case Plus GLOW for Nintendo Switch™

Nintendo Switch gamers can hold the game realms in the palm of their hands with the Minecraft REALMz Forest Biome Wireless Controller. Featuring a Minecraft collectible figurine, multi-layered design, a 30-foot wireless range, LED lighting, and built-in 40-hour rechargeable battery, this officially licensed for Nintendo® controller is in a world of its own. Lucky Minecraft fans have a chance to find a Random Spawn, with a one-in-six chance of unboxing to find a unique mob-designed controller.

Additionally, get carried away with the immersive multi-layered design of the Minecraft REALMz Forest Battle Travel Case Plus GLOW for Nintendo Switch, Nintendo Switch Lite, or the Nintendo Switch - OLED Model. The case also has a unique glow in the dark 3D design. Officially licensed by Nintendo and Mojang Studios, the Minecraft REALMz Forrest Biome Wireless Controller is available for pre-order for $59.99/£49.99/€59.99 MSRP, while the Minecraft REALMz Forrest Battle Travel Case Plus GLOW is available for $29.99/£19.99/€24.99 MSRP, with both launching Sept. 12, 2024.

PDP® Afterglow™ Wave Family of Peripherals

Introducing an all-new family of Afterglow Wave gaming accessories, including wireless and wired controllers, wireless headsets, and charging stations. The new Afterglow Wave controllers for Nintendo Switch come in a variety of revamped colorways, including black, blue, purple, and white for the wireless models. The new wired version comes in black, joining the previously released blue and gray wired options. All controllers have eight customizable RGB LED lighting zones and four pre-set lighting modes, and programmable back buttons. Plus, for the first time ever, the wireless versions feature new built-in motion sensors. The wireless controllers also feature a 30-foot range and 20-hour rechargeable battery. The Afterglow Wave wireless controllers for Nintendo Switch are available for pre-order for $54.99/£49.99/€59.99 MSRP, while the wired version costs $24.99/£24.99/€34.99 MSRP. The Afterglow Wave wireless controllers launch Sept. 22, 2024 (black/purple) and on Oct. 1, 2024 (blue/white). The new wired version in black launches on Oct. 28, 2024.

The Afterglow Wave family gets a sound expansion with all-new wireless gaming headsets and controller charging stations. Gamers dawning the Afterglow Wave headsets can cycle through different lighting effects and colors using the "Mode" button, or via downloading the free PDP Control Hub app for additional audio settings, lighting, and more. Fine-tuned 50mm drivers deliver crisp highs and booming lows for an immersive gaming audio experience across Xbox, PC, and compatible Bluetooth devices. Soft, memory foam cushions let gamers play in comfort for hours, while on-ear volume controls allow for quick adjustments. Give clear comms to teammates using the noise-cancelling mic, and flip the mic up out of the way to mute when it's time to go radio silent. Make light work of enemies with the officially licensed Afterglow Wave wireless headsets, available for pre-order for $99.99/£79.99/€99.99 MSRP and launching Sept. 22, 2024.

Gamers can also keep their controllers charged up with the new Afterglow Wave Dual Chargers officially licensed by PlayStation* and officially licensed for Xbox. This unique charging system features the Afterglow Wave family's eight RGB zones with customizable options to create a stunning display for Xbox Wireless Controllers or DualSense® wireless controllers for PS5® consoles while charging them. With the Profiles Button, gamers can program up to five lighting effect profiles, and they can download the free PDP Control Hub mobile app to monitor charging status, create custom displays and profiles, adjust brightness, and more. The Xbox charger also includes 1100mAh rechargeable battery packs and replacement doors to simultaneously charge two controllers in just three hours, for up to 40-hours of gaming time on a single charge. The Afterglow Wave Dual Chargers are available for pre-order for $29.99/£24.99/€29.99 MSRP and launch Oct. 1, 2024.

*TheAfterglow Wave Dual Charger is developed under the official licensing program for PlayStation and will work with PlayStation®5 consoles subject to Sony Interactive Entertainment's final product approval.

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, Facebook and YouTube. For more information on the latest PDP products and accessories, visit www.pdp.com and www.victrixpro.com.

About Turtle Beach Corporation

Turtle Beach Corporation (the "Company") (www.turtlebeachcorp.com) is one of the world's leading gaming accessory providers. The Company's namesake Turtle Beach brand (www.turtlebeach.com) is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach Corporation acquired Performance Designed Products (www.pdp.com) in 2024. Turtle Beach's shares are traded on the Nasdaq Exchange under the symbol: HEAR.

About PDP

PDP is an industry leader and award-winning provider of high-quality licensed peripherals and accessories for all major video game platforms. PDP believes that design- forward, high-performance gear should be as unique and accessible as the gaming community itself. From beginner to professional, PDP's product lines offer uncompromising performance and striking designs that transport gamers into seamless, immersive experiences where competition, connection, and personal expression are limitless. Victrix by PDP is purpose built for esports athletes and enthusiasts looking for unmatched performance and competitive advantage. For over 25 years, PDP has been supplying video game peripherals and accessories to major retailers across the world, including retailers in the United States, Canada, Europe, and Australia. For more information, visit www.pdp.com and www.victrixpro.com.

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 are only predictions and are not guarantees of performance. 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. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management's current beliefs 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 inflationary pressures, optimizing our product portfolio, reducing our cost of goods and operating expenses, reductions in logistic and supply chain challenges and costs, 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, including promotional credits and discounts, general business and economic conditions, risks associated with the future direction or governance of the Company, 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, 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 filed with the Securities and Exchange Commission. 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.


CONTACTS:

North America

Eric Nielsen

Step 3 Public Relations

202.276.5357

[email protected]

MacLean Marshall

Sr. Director, Global Communications

Turtle Beach Corporation

858.914.5093

[email protected]

Europe

Keith Hennessey

Sr. Director, Communications &

Partnerships - International

Turtle Beach

+44 (0) 1256 678350

[email protected]

Investor Information:

ICR

646.277.1285

[email protected]