Turtle Beach Corporation Partners With Audiology Management Group, Inc. For Groundbreaking HyperSound Clear™ Hearing Solutions Product

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Jul 13, 2015, 08:01 ET

SAN DIEGO, July 13, 2015 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), the leading-edge audio technology company, today announced a new partnership with Audiology Management Group, Inc. (AMG) for HyperSound Clear™, the Company's groundbreaking hearing healthcare product planned to launch later this year. HyperSound^® technology is a fundamentally new approach to sound delivery that generates a highly directional, narrow beam of audio in the air, much like the way a flashlight directs a beam of light. When an individual enters the audio beam created by HyperSound Clear, they hear immersive 3D audio, and as a first-of-its-kind product for the hearing healthcare market, HyperSound Clear has been shown to improve sound clarity and speech intelligibility for people with hearing loss for a crisp, clear home entertainment listening experience. With this new partnership, AMG – a leading audiology services company that provides an extensive range of products and services proven to drive sales for the country's most elite Ear, Nose & Throat, Retail, Hospital and University Hospital practices – will offer HyperSound Clear as an all-new, entry level hearing healthcare solution to hearing centers and their patients as soon as it becomes available.

"We're thrilled to partner with AMG to offer HyperSound Clear as a gateway hearing solution product, and a device that we believe will spark broader awareness in hearing healthcare," said Rodney Schutt, Senior Vice President and General Manager for the HyperSound business at Turtle Beach Corporation. "Researchers estimate that over 48 million Americans suffer from hearing loss. Additionally, approximately 80% of people who go see a hearing healthcare specialist for the first time do so because they're having trouble hearing and understanding the television, and we think HyperSound Clear will be a great entry-level hearing healthcare device that directly addresses that issue with hearing and enjoying home entertainment."

Schutt continued, "Currently, the amount of time between a patient's first visit with their hearing healthcare specialist and when they actually get their first hearing aid is five to six years. Typically, these first-time patients simply don't want to get a hearing aid, and instead turn to other means to address hearing and understanding the television; whether that means turning-up the volume or turning on closed captioning. What happens from there is that this behavior creates a divide in the household where family members and friends no longer want to sit in the room and watch television with somebody with hearing loss because the volume is too loud. With HyperSound Clear connected to your TV or home theater system, we create an environment where everyone can once again return to the family room and enjoy the latest home entertainment together."

"HyperSound Clear is a unique and innovative device for hearing healthcare. Why? Because, most importantly, HyperSound Clear has the potential to motivate people with hearing loss to address their hearing issues earlier in life," said Michael Tease, President, Audiology Management Group. "Addressing hearing loss earlier is not only better for enjoying home entertainment again, but is also important for overall health as well."

Researchers estimate that one in five Americans, and one in three people over age 65, suffer from hearing loss, and an estimated 360 million people worldwide suffer from some form of hearing loss. Further, hearing loss is the third most common chronic physical condition in the United States after heart disease and arthritis. A nationwide survey¹ of nearly 4,000 adults and their significant others show a considerably higher rate of depression, anxiety, and other psychosocial disorders in adults with untreated hearing loss.

To learn more about HyperSound technology and HyperSound Clear, please visit the official website at http://hypersoundhearing.com.

About Audiology Management Group, Inc.

Audiology Management Group, Inc. (AMG) is a leading innovative audiology services company dedicated to improving the business performance of its members and equity partners. AMG's goal is to support its members and partners in achieving high performance hearing health clinics (HPCs) through a patient centric growth model that creates the possibility for above average ROI. More information on AMG can be found on the company's website at http://audiologymanagementgroup.com.

About Turtle Beach Corporation

Turtle Beach Corporation (www.turtlebeachcorp.com) designs leading-edge audio products for the consumer, commercial and healthcare markets. Under the Turtle Beach brand (www.turtlebeach.com), the Company markets a wide selection of quality gaming headsets catering to a variety of gamers' needs and budgets, for use with video game consoles, including officially-licensed headsets for the Xbox One and PlayStation^®4, as well as for personal computers and mobile/tablet devices. Under the HyperSound brand (www.hypersound.com), the Company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and healthcare. The company's shares are traded on the NASDAQ Exchange under the symbol: HEAR.

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. 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 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 any 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.

Untreated Hearing Loss in Adults- A Growing National Epidemic, American Speech-Language Hearing Association

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SOURCE Turtle Beach Corporation