WHITE PLAINS, NY – (COMMERCIAL THREAD) – Leading manufacturer of gaming accessories Turtle Beach Society (Nasdaq: HEAR) today announced its entry into two large and rapidly growing gaming accessory markets: game controllers and game simulation material. At E3 2021, the Company unveiled two breakthrough products developed as part of its bestseller Turtle Beach brand and provided details for the all-new Designed for Xbox Recon ™ Controller and VelocityOne ™ flight simulation control system. Turtle Beach’s entry into the controller and simulation game hardware markets presents 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 players and simulation fans with new features and innovations designed to enhance their experience. the Recognition controller is the first to combine Turtle Beach’s signature audio technology with winning orders. VelocityOne flight is the Complete flight control system, developed in collaboration with engineers and aviation pilots to deliver the most immersive, authentic and modern PC and Xbox flight experience on the market.

“We are putting the same expertise and energy that has made us the best-selling gaming headset manufacturer over the past decade to create controllers and simulation hardware that give gamers a better experience as we continue. to grow our business to deliver on our long term growth goals, ”said Juergen Stark, president and CEO of Turtle Beach Corporation. These two new accessory segments add an additional $ 1 billion of addressable global market, with third-party gamepad controllers at around $ 600 million and PC / console flight simulation hardware adding around $ 400 million on the world market. Both of these markets are growing rapidly, and our entry with these early products will mark the start of an expanding portfolio in other adjacent PC simulation hardware categories. ”

Stark continued, “We have grown our award-winning business ROCCAT PC accessories portfolio and revenue significantly since expanding into the PC category with this acquisition about two years ago. Given this success, the exciting portfolio of Neat pickups launch this year, and this expansion into the major game controller and game simulation hardware markets, I think we could approach – or even exceed – $ 100 million in revenue outside of our historic console headset business. base next year.

“The Recognition controller allows gamers to connect any 3.5mm wired gaming headset and provides exclusive Turtle Beach audio technology like our custom 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 Recognition controller is stylish, feels great in your hands and is the perfect companion for the millions of Turtle Beach headsets used by our fans playing on Xbox.

Stark added, “Microsoft’s Flight Sim 2020 amazed flight simulation gamers and fans with its stunning visual quality during its PC debut last year, and with the game’s release on Xbox Series X | S this summer. , we believe it will feed a wider audience. of players to explore the flight simulation. As a pilot and flight simulation enthusiast myself, after seeing the incredible visual realism of the game early last year and being very familiar with the hardware on the market, I knew we could design a better, more integrated and more modern flight control product. sim lovers would like. We hired a team with extensive experience in flight simulation hardware and developed a fully integrated system that works with Xbox and PC and provides everything a new pilot needs, as well as the capabilities and features that enthusiasts are looking for. flight. For the grand price of $ 349.95, there is nothing else like it.

Additional details on the all-new Turtle Beach Recognition controller and VelocityOne flight simulation control system below.

Turtle Beach Recognition controller

Made for Xbox, the all-new Turtle Beach Recognition Controller is the first controller to combine the brand’s iconic audio innovations with winning controls. Xbox Series X | S and Xbox One gamers will be able to plug in any wired headset with a standard 3.5mm audio interface and enjoy proven Turtle Beach features including Superhuman hearing®, Mic Monitoring, Signature Audio Presets, and more. Additionally, Pro-Aim ™ Focus Mode allows users to adjust the sensitivity of the joystick for improved long-range accuracy, while up to four profiles can be saved to each of the rear quick-action buttons. Feel the recoil of gunshots and the whirr of vehicle engines with next-generation vibration feedback from dual rumble motors in the handles and triggers. the Recognition controller allows players to play longer and stay cooler thanks to its ergonomic shape and cooling rubber grips. the Recognition controller will be available this summer for an MSRP of $ 59.95, and is the perfect companion for any wired gaming headset, like the all-new Turtle Beach Recon 500.

VelocityOne flight

Gamers looking for the ultimate flight simulator experience on Xbox Series X | S and Windows 10 PC need look no further than the revolutionary Turtle Beach VelocityOne Flight simulation control system. Designed for Xbox and developed in collaboration with engineers and aviation pilots, VelocityOne flight offers intuitive and realistic controls and equips users of all experience levels with an all-inclusive system to experience the thrill of flight. A realistic 180 ° yoke grip with integrated rudder controls at your fingertips allows precise control of any aircraft. The included modular throttle quadrant with integrated trim dial, lever and vernier controls, and interchangeable lever handles provide home aviators with enhanced customization and a realistic flying experience for light and heavy aircraft. A simple USB connection gives users an easy setup process whether they’re playing on an Xbox Series X | S or Windows 10 console. VelocityOne flight will launch this summer for an 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 TIC Tac, Twitter, Instagram, and Facebook.

About Turtle Beach Corporation

Turtle Beach Corporation (www.turtlebeachcorp.com) is one of the world’s leading suppliers of gaming accessories. The Turtle Beach brand (www.turtlebeach.com) is known for its pioneering features in the market and patented innovations in high quality and comfortable headsets for all levels of gamers, making it a fan favorite brand and the market leader in audio for gaming on console over the past decade. The ROCCAT brand of Turtle Beach (www.roccat.com) combines detail-oriented 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, mouse pads and other PC accessories. The Neat Microphones brand from Turtle Beach (www.neatmic.com) creates high-quality USB and analog microphones for gamers, streamers and professionals who embrace cutting-edge technology and design. Turtle Beach shares trade on the Nasdaq Exchange under the symbol: LISTEN.

Caution regarding forward-looking statements

This press release contains forward-looking information and statements within the meaning of federal securities laws. Except for historical information contained in this press release, the statements contained in this press release may constitute forward-looking statements concerning assumptions, projections, expectations, objectives, intentions or beliefs regarding future events. Statements containing the words “may”, “could”, “should”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “objective” , “Plan”, “intend” and similar expressions, or their negative elements, 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 beliefs and expectations, as well as on assumptions made by management and on information currently available to it.

Although the Company believes that its expectations are based on reasonable assumptions, there can be no assurance that its objectives and strategy will be achieved. Many factors, including risks and uncertainties, can affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include, but are not limited to, the risks associated with the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technologies, the impact of products and competitive prices, general and economic activities the conditions, risks associated with the expansion of our business, including the integration of all businesses we acquire and the integration of such businesses into our internal control over financial reporting and operations, our indebtedness, the liquidity of the Company and other factors discussed in our public documents, including the risk factors included in the most recent annual report of the Company on form 10-K, the quarterly report on form 10 -Q and the other periodic reports of the Company. Except as required by applicable law, including United States securities laws and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any statement. forward-looking after the date of this press release, whether as a result of new information, future developments or otherwise.

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