Turtle Beach Corporation Partners With Amplified Resource Group, LLC For Groundbreaking HyperSound Clear™ Hearing Solutions Product
Jun 23, 2015, 08:00 ET
SAN DIEGO, June 23, 2015 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), the leading-edge audio technology company, today announced a new partnership with Amplified Resource Group, LLC (ARG) as the Company continues making preparations to launch HyperSound Clear™ later this year. A first-of-its-kind hearing healthcare product, HyperSound Clear utilizes the Company's patented directional audio technology to deliver rich, 3D sound to the targeted listener to improve sound clarity and speech intelligibility for individuals with hearing loss – for a crisp, clear home entertainment listening experience when watching TV, listening to music and playing video games. Under this newly formed partnership, ARG – a leading provider of products and consulting services to the hearing healthcare industry – will add HyperSound Clear to its portfolio as soon as it becomes available.
"We're very excited to announce this partnership with ARG as they quickly grasped the value HyperSound Clear offers people with hearing loss and the hearing healthcare market," said Rodney Schutt, Senior Vice President and General Manager for the HyperSound® business at Turtle Beach Corporation. "HyperSound Clear is a great fit for the hearing healthcare industry, whether as a gateway product at the early stages of a patient's hearing health journey, or as an 'unplugged' entertainment solution after they've purchased hearing aids. Additionally, we believe HyperSound Clear reaches an even younger demographic who start struggling with the TV volume as early as their 40's, which helps lower the overall age when people address their hearing issues."
"Turtle Beach has a history of developing transformational products to bring to market," said Ken Payne, Director, Amplified Resource Group. "At ARG we are thrilled to partner with this innovative company and deliver HyperSound Clear to the people with hearing loss in the U.S. We're confident that this offering will be an unparalleled success."
HyperSound technology is a fundamentally new approach to sound delivery that utilizes thin panels to generate an ultrasound beam that carries audio through the air. The panels direct sound in a narrow, controlled beam; much the way a flashlight directs a beam of light. When an individual enters the beam, they hear immersive 3D audio, similar to wearing a surround sound headset.
HyperSound Clear speakers have been shown to improve sound clarity and speech intelligibility in individuals with hearing loss. Researchers estimate that one in five Americans, and one in three people over age 65, suffer from hearing loss. Impacting over 48 million Americans, hearing loss is the third most common chronic physical condition in the United States. An estimated 360 million people worldwide suffer from some form of hearing loss, and HyperSound Clear is on the verge of offering a new way for people with hearing loss to once again enjoy home entertainment.
About Amplified Resource Group, LLC
Amplified Resource Group, LLC (ARG) supplies a wide range of products and services and develops success strategies for private practice otolaryngology and private practice audiology. The company also provides extensive training to practitioners to ensure the successful implementation of strategic plans. More information on ARG can be found on the company's website at www.amplifiedresourcegroup.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.
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.
SOURCE Turtle Beach Corporation
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