|From: Savant||10/15/2015 10:21:34 AM|
|Turtle Beach Corporation Changes The Landscape Of Hearing Healthcare And Home Entertainment With HyperSound ClearCompany Announces Upcoming Launch of its Breakthrough Directed Audio Product Shown to Significantly Improve Sound Clarity and Speech Intelligibility for People Living with Hearing Loss for a Better Home Entertainment Experience|
For a Limited Time, Turtle Beach is Offering Complimentary White Glove Installation Service for Each HyperSound Clear Unit Sold in the U.S.
SAN DIEGO, Oct. 15, 2015 /PRNewswire/ -- Turtle Beach Corporation ( HEAR), the leading-edge audio technology company, today announced it will begin fulfilling initial orders for its breakthrough hearing healthcare device, HyperSound Clear™, in the next three weeks, and that the product
will be available to purchase through hearing healthcare providers for a MSRP of $1,675.HyperSound® technology is a fundamentally new approach to sound delivery that generates a highly directional, narrow beam of audio in the air. Similar to how a flashlight directs a beam of light, HyperSound Clear directs a beam of audio to targeted listeners, which has been shown to significantly improve sound clarity and speech intelligibility in individuals with hearing loss1. HyperSound Clear works in parallel with the audio from the TV or home theater system, so a person with hearing loss will experience immersive, 3D audio when sitting in the HyperSound beam, while everyone else in the room hears audio from the TV speakers or home theater system at a normal volume level. This means that people with hearing loss, along with family members and friends, can once again return to the family room to enjoy the latest home entertainment together.
Additionally, through their partnership with CaptionCall® Turtle Beach is offering complimentary white glove installation for a limited time for each HyperSound Clear unit sold in the U.S., where the Company will ensure the first-of-its-kind directed audio solution for people with hearing loss is installed and setup for the optimal home listening experience.
"We're extremely pleased to get this truly amazing new product launched, as we believe it will improve the quality of life for people living with hearing loss," said Rodney Schutt, SVP and General Manager for the HyperSound business at Turtle Beach Corporation. "With nearly 50 million people in the U.S. and 360 million people around the world with hearing loss, and approximately 80% of patients specifically telling their hearing healthcare providers they're having trouble hearing and understanding the TV, we know there's a significant audience of people who can benefit from adding HyperSound Clear into their home entertainment setup."
With strong initial pre-orders, Turtle Beach will begin a staged roll-out of the first shipments of HyperSound Clear units to its partners – some of the biggest companies in hearing healthcare, including American Hearing Aid Associates, Audiology Management Group, Inc., Amplified Resource Group, LLC, AuDConnex, Battery Benelux BV, Beltone New England and Fuel Medical Group, LLC. Consumers interested in purchasing HyperSound Clear should speak with their hearing healthcare provider for availability details. Additionally, HyperSound Clear is customizable for up to two individuals, and will be programmed by a hearing healthcare professional to a specific user's hearing profile to deliver optimal results. Once purchased, programmed and brought home, patients in the U.S. will be contacted by a member from CaptionCall to schedule the complimentary in-home installation.
In a third-party/internal study2 conducted during HyperSound Clear's development, 58 adults were provided an opportunity to participate in a demonstration of the product, with intriguing results. In a simulated at-home listening environment in the unaided condition, a substantial majority of participants reported HyperSound Clear enhanced both their overall listening experience and speech recognition ability for television viewing. When asked how much they liked their overall experience with HyperSound Clear, nearly 70% of subjects in the study rated the overall listening experience to be either a 4/5 or 5/5. When asked how much HyperSound Clear improved their ability to hear and understand speech, the results were similar, this time with nearly 80% of subjects in the study giving a rating of either 4/5 for ("marked improvement"), or 5/5 for ("tremendous improvement").
"One of the main joys of being a doctor is knowing you're helping people, and my favorite part of working with the team at Turtle Beach on HyperSound Clear has been those moments shared with patients when they experience the immediate results of hearing clearly," said Dr. Mehta3, Founder and Medical Director of the California Hearing & Balance Center. "Looking beyond the scientific evidence, the human reaction is all I need to see to know it works. I've witnessed the full range of patients' emotions reacting to HyperSound Clear. Whether they become instantly giddy and smile and laugh or are overcome with emotion, no matter which way you slice it, you know they are having a life-changing experience by being able to hear the television clearly again."
Dr. Mehta continued, "This is a significant step not only for individuals with hearing loss, but for our industry as a whole because one of the biggest obstacles we face is the approximate 10 year gap between when someone first notices a problem with their hearing and when they obtain hearing aids. Unfortunately, although difficulty hearing and understanding the TV is an early sign of hearing loss, most people simply choose to turn-up the volume as opposed to seeking help. When you add HyperSound Clear as an all-new, gateway product that directly addresses the issue of hearing and understanding the TV as an alternative option for those who choose not to purchase hearing aids, it certainly has the potential to shorten the aforementioned 10 year gap. This is because people will sooner realize the significant improvement in speech intelligibility can also be achieved in everyday listening environments by adopting hearing aids. That's why HyperSound Clear is such a refreshing, technological breakthrough for hearing healthcare as a whole."
"The moment we first experienced HyperSound, we instantly recognized its potential and jumped at the opportunity to acquire the technology, knowing full-well we could leverage our 40 years of audio commercialization expertise to bring this groundbreaking, new type of audio product to multiple markets," said Juergen Stark, CEO, Turtle Beach Corporation. "Since January 2014, we've focused on bringing HyperSound Clear to the hearing healthcare market as a first major consumer opportunity for the technology, with the goal of recreating that home entertainment environment that everyone with and without hearing loss can enjoy together again."
Hearing loss is a growing, widespread issue that impacts people of all ages and often carries with it serious implications for one's health, relationships, and overall well-being. As people initially begin to lose their hearing, they inevitably rely on increasing the TV volume to compensate. Unfortunately, this has the potential to create a divide in the household, as most people don't want to be in the same room watching TV with somebody with hearing loss when the volume is cranked-up. A nationwide survey4 of nearly 4,000 adults and their significant others shows a considerably higher rate of depression, anxiety, and other psychosocial disorders in adults with untreated 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.
To learn more about HyperSound technology and HyperSound Clear, please visit the official website at http://hypersoundhearing.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.
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|From: Savant||10/15/2015 11:48:16 AM|
|'Experience' the Beam.... hypersoundhearing.com|
*Mehta, RP. Novel ultrasonic sound carrier significantly improves speech discrimination in subjects with hearing loss. Otology/Neurotology Scientific Session presented at the Combined Sections Meeting of the Triological Society. January 22, 2015, San Diego, CA (Ten patients with mild to severe hearing loss in a single-blind, randomized cross over study demonstrated improvement in sound clarity, measured with standard speech tests, over conventional speakers at 70 dB at 1 meter, including in background noise.)
*The 'party trick' comes to life....
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|From: Savant||2/9/2016 3:15:33 AM|
|SAN DIEGO, Feb. 5, 2016 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), a leading audio technology company, has successfully closed its previously announced underwritten public offering of 5,000,000 shares of its common stock at a price to the public of $1.00 per share (the Offering) and its separate, concurrent, side-by-side private placement of 1,700,000 shares of its common stock at a price of $1.00 per share (the Private Placement). Turtle Beach will receive approximately $6.2 million in net proceeds from the Offering and the Private Placement.|
Insiders purchased an aggregate of $3.15 million of common stock in the Offering and the Private Placement. SG VTB Holdings, LLC, Turtle Beach's largest stockholder; Ronald Doornink, Turtle Beach's Chairman of the Board; and Juergen Stark, Turtle Beach's Chief Executive Officer; purchased an aggregate of 1.45 million shares of common stock in the Offering, and SG VTB Holdings, LLC purchased an additional 1.7 million unregistered shares of common stock in the Private Placement.
Turtle Beach will use all net proceeds from the Offering and the Private Placement for working capital and general corporate purposes, including applying such proceeds against the outstanding principal balance of its working capital line of credit with Bank of America (the Line of Credit) as required by the terms of the amendments to the Company's credit documents entered into on February 1, 2016 which, among other things, provide that on or prior to February 5, 2016, Turtle Beach receive net proceeds of not less than $6.0 million of additional capital and apply such proceeds against the Line of Credit.
The securities sold in the Offering described above were offered by the Company pursuant to a registration statement on Form S-3 which was filed with the Securities and Exchange Commission (SEC) and became effective on May 16, 2013.
Oppenheimer & Co. Inc. acted as the sole book-running manager, and Lake Street Capital Markets acted as co-manager for the Offering.
This press release does not constitute an offer to sell these securities or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copies of the prospectus supplement and accompanying prospectus may be obtained from Oppenheimer & Co. Inc., 85 Broad Street, 26(th) Floor, New York, NY 10004, Attn: Syndicate Prospectus Department, by calling (212) 667-8563, by email to EquityProspectus@opco.com or by accessing the SEC's website at www.sec.gov.
About Turtle Beach Corporation
Turtle Beach Corporation (http://corp.turtlebeach.com) designs innovative, market-leading audio products for the consumer, healthcare and commercial sectors. Under its award-winning Turtle Beach brand (www.turtlebeach.com), the Company has been the clear market share leader for the past five-plus years with its wide selection of acclaimed gaming headsets for use with Xbox One and PlayStation(R) 4, as well as personal computers and mobile/tablet devices. Under the HyperSound brand (www.hypersound.com), the Company markets pioneering directed audio solutions that have applications in hearing healthcare, digital signage and kiosks and consumer electronics. The Company's shares are traded on the NASDAQ Exchange under the symbol: HEAR.
Cautionary Note on Forward-Looking Statements
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|From: Savant||6/10/2016 12:04:33 PM|
*Again, it's still early in development and the applications are simply ideas on the drawing board*, but at the same time having HyperSound directional audio working on glass is very exciting and we can't wait to show it publicly for the first time at E3."
Turtle Beach Unveils HyperSound Glass - The World's First Transparent Directional SpeakersCompany's Latest Innovation in HyperSound Directional Audio Opens Doors for Future Product Possibilities
SAN DIEGO, June 8, 2016 /PRNewswire/ -- Turtle Beach Corporation ( HEAR), a leading audio technology company for over 40 years, has achieved another significant breakthrough with its HyperSound® technology, as the company revealed today it is now able to create directional audio using a transparent pane of glass. The Company's latest innovation opens the doors for exploration into future glass-based directional audio products and applications in the consumer, commercial and hearing healthcare spaces. Turtle Beach will be showing an early prototype of HyperSound Glass directional speakers at the 2016 Electronics Entertainment Expo, which takes place June 14-16, 2016 at the L.A. Convention Center.
"The advancements the HyperSound team is making with directional audio are simply amazing – some of the biggest breakthroughs in audio technology to come along in decades," said Juergen Stark, CEO, Turtle Beach Corporation. "Being able to create highly directional audio using glass opens up many potential opportunities, including integrating into desktop monitors, commercial displays, desktop speakers, and automotive dashboard glass to provide warnings directed specifically at the driver…pretty much anywhere there's glass there's a potential for audio. As we progress the technology, this also opens up licensing possibilities to external parties looking for ways to integrate the latest audio technology into their products. Again, it's still early in development and the applications are simply ideas on the drawing board, but at the same time having HyperSound directional audio working on glass is very exciting and we can't wait to show it publicly for the first time at E3."
HyperSound technology is a fundamentally new approach to sound delivery that generates a highly directional, narrow beam of audio in the air. Similar to how a flashlight directs a beam of light, HyperSound directs a beam of audio to targeted listeners in a specific spot, delivering an immersive, 3D-like audio experience. HyperSound Glass is similar in design to touchscreen glass, where there are multiple layers of transparent materials and electronics working in conjunction with the glass. For HyperSound Glass, the glass pane is layered with a set of transparent films allowing it to generate a beam of ultrasound that delivers crisp, clear audio to the targeted listener.
To learn more about HyperSound technology working on glass, go to HyperSound Innovations. For additional information on Turtle Beach's HyperSound Commercial and Hearing Healthcare products, including the HyperSound Clear 500P, visit the HyperSound and HyperSound Hearing websites.
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|From: Savant||9/21/2016 1:16:56 PM|
|Aug 29--Turtle Beach Corporation (NASDAQ: HEAR), a leading audio technology company for over 40 years, today announced that Chicago's leading audio/video retailer - Abt Electronics - is the first retailer in the nation to carry Turtle Beach's revolutionary HyperSound Clear(TM) 500P directed audio system for the home. Abt Electronics is showcasing the HyperSound system on their website and in their store's premiere demo room, where shoppers can experience audio unlike anything they've ever heard before.|
"With HyperSound's amazingly clear surround-sound experience you have to hear it to believe it and Abt Electronics is the perfect retailer to launch our pilot program that offers savvy electronics shoppers the opportunity to experience HyperSound directly," said Juergen Stark, CEO, Turtle Beach Corporation. "Time and time again we've witnessed people's real-time reactions to HyperSound and there's just no describing it - you simply need to sit in the beam and experience it for yourself, which is why I encourage everyone in the local Chicago area to visit the Abt store and get a proper HyperSound Clear 500P demo."
Added Mike Abt, Co-President, Abt Electronics, "I enjoyed the HyperSound demo and thought the speakers filled a big need for people struggling to hear the TV. Nothing bothers me more than a TV with the volume turned-up all the way, and the HyperSound Clear 500P enables someone having trouble understanding dialogue from the TV to listen at their own level, while the rest of the family can sit in the same room and enjoy the TV at its regular volume level."
HyperSound technology is Turtle Beach's fundamentally new approach to sound delivery that generates a highly directional beam of audio in the air. Similar to how a flashlight directs a beam of light, the HyperSound Clear 500P directs a beam of audio to targeted listeners, delivering an amazing, 3D audio experience that sounds as if you're wearing a high-end surround sound headset, yet without wearing anything on your head at all. HyperSound's unique directed audio has been shown to significantly1 improve sound clarity and speech intelligibility to provide a much better home entertainment listening experience for people struggling to hear the TV.
Abt Electronics is located at 1200 N. Milwaukee Ave. in Glenview, IL 60025. For more information about Abt Electronics, visit the store's website at www.abt.com or call (847) 544-2933. For additional information on Turtle Beach's HyperSound Clear 500P directed audio system for the home, visit hypersoundhearing.com.
About Abt ElectronicsAbt Electronics operates a 350,000 square-foot showroom in the Chicago suburb of Glenview, IL, where the company displays its collection of quality electronics products and appliances from a variety of different producers. The company also maintains an online site, www.abt.com, and is an authorized online vendor for a variety of top appliance and electronics brands. Throughout the company's 80 years of operation, Abt Electronics has remained family-owned and operated, weathering competition from large chain retailers by providing exemplary customer service, competitive prices, and award-winning installation and repair work.
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