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Turtle Beach Corporation (NASDAQ: HEAR) designs innovative, market-leading audio products that cater to a global audience. Under its award-winning Turtle Beach brand, the company offers a vast selection of highly acclaimed gaming headsets compatible with Xbox One, PlayStation®4, personal computers, and mobile/tablet devices. These headsets are recognized for their superior sound quality and ergonomic design, solidifying Turtle Beach as a leader in the gaming accessories market.
Beyond headsets, the company has expanded its product lineup to include game controllers, flight and racing simulation accessories, keyboards, mice, and high-quality microphones. Turtle Beach operates on a global scale, with products available through major retailers like Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target, and Walmart. A substantial portion of the company's revenue is generated during the holiday season, with North America being its largest market.
Through its HyperSound brand, Turtle Beach markets pioneering directed audio solutions utilized in digital signage, kiosks, consumer electronics, and hearing healthcare. These innovative products are designed to offer a more focused and immersive audio experience, making significant strides in both commercial and consumer sectors.
With nearly five decades of expertise in audio technology, Turtle Beach continues to innovate and expand its product offerings. The company's commitment to delivering high-quality audio solutions is evident in its numerous partnerships and recent achievements. Turtle Beach's financial condition remains robust, with continuous efforts to develop new technologies and enhance user experiences.
Turtle Beach (Nasdaq: HEAR) has partnered with NBA star Grayson Allen of the Memphis Grizzlies. Allen, a top-ranked Apex Legends player, will exclusively use Turtle Beach headsets, including the Elite Pro and Stealth 700 Gen 2 series. This collaboration aims to produce engaging content that merges basketball and gaming while highlighting Turtle Beach's premium gaming audio products. Allen's impressive performance in the NBA playoffs solidifies his status as an influential figure in both sports and gaming.
Turtle Beach (Nasdaq: HEAR) has partnered with NBA player Immanuel Quickley of the NY Knicks for a new collaboration. Quickley will exclusively use Turtle Beach headsets, including the Elite Pro and Stealth 700 Gen 2, while gaming. The partnership aims to merge basketball and gaming, producing content that showcases Quickley’s passion for gaming. This sponsorship follows Turtle Beach's ongoing strategic partnership with Roc Nation. Quickley's successful rookie season and his accolades as SEC Player of the Year further elevate this collaboration.
The ROCCAT Syn Pro Air, Turtle Beach's new premium wireless gaming headset, is now available for $149.99. Designed for PC gamers, it features a lightweight construction, 24-hour battery life, and Turtle Beach's audio technologies, including Superhuman Hearing and NanoClear™ 50mm drivers. The headset also supports 3D audio and comes with the NEON software for customization. It integrates easy-to-adjust on-ear controls and is equipped with comfortable, glasses-friendly ear cushions, providing a competitive edge while gaming.
Turtle Beach Corporation (Nasdaq: HEAR) has launched the King Bee II, an analog XLR microphone from its Neat Microphones brand. This successor to the award-winning original King Bee will be available this summer at a retail price of $169.99. The King Bee II aims to capture a share of the $2.3 billion global microphone market, with plans for four additional microphone products to launch this year. The product promises exceptional sound quality for various applications, appealing to musicians, podcasters, and streamers alike.
Turtle Beach Corporation (Nasdaq: HEAR) announced its expansion into gaming accessory markets with the launch of the Recon™ Controller and VelocityOne™ Flight simulation system at E3 2021. The entry targets a combined $1 billion addressable market, with $600 million from third-party gamepad controllers and $400 million from flight simulation hardware. The Recon Controller, priced at $59.95, incorporates Turtle Beach audio technology. The VelocityOne Flight, designed for Xbox and PC, will retail for $349.95, promising an immersive flying experience. CEO Juergen Stark anticipates over $100 million in revenues from these new segments next year.
On June 10, 2021, Turtle Beach (NASDAQ: HEAR) announced a partnership with Wizards District Gaming (WDG), the reigning NBA 2K League champions. WDG will utilize Turtle Beach's Elite Pro 2 gaming headsets, reinforcing Turtle Beach's commitment to enhancing esports performance. This collaboration aims to support WDG's competitive edge as they continue their championship journey. The partnership signifies Turtle Beach's focus on esports and aligns the brand with one of the top teams in the NBA 2K League, enhancing visibility among gamers.
Turtle Beach (NASDAQ: HEAR) has renewed its multi-year partnership with esports team Team WaR, which began in 2020. The partnership will enhance Team WaR's competitive edge using Turtle Beach’s high-quality products, including the Elite Pro 2 and Recon 500 gaming headsets. Team WaR has seen significant success since its inception in 2017, winning 12 out of 18 tournaments in 2020 and the inaugural Challengers Division Championship. The renewed partnership signals a commitment from both parties towards future achievements in competitive gaming.
ROCCAT, Turtle Beach’s Hamburg-based brand, has unveiled two new gaming keyboards: the Magma and Pyro. The Magma Membrane RGB Gaming Keyboard features a fully illuminated top plate and is priced at $59.99, targeting new gamers. The Pyro Mechanical RGB Gaming Keyboard, priced at $99.99, offers advanced features for enthusiasts. Both keyboards utilize ROCCAT’s AIMO RGB technology and are now available worldwide. The Pyro has received positive reviews, highlighting its performance and value.
Turtle Beach's ROCCAT brand has launched the Syn Pro Air, a premium wireless gaming headset boasting advanced 3D audio technology and Turtle Beach's exclusive features. Set to retail at $149.99, it offers 24 hours of continuous use and rapid charging capabilities. Designed for comfort, the headset incorporates AIMO RGB lighting, a detachable microphone, and is optically friendly for gamers who wear glasses. The Syn Pro Air is available for pre-order, with general availability starting on June 20, 2021.
On May 24, 2021, Turtle Beach's ROCCAT brand launched a new color option for its Elo 7.1 Air wireless PC gaming headset, introducing a striking white version with AIMO RGB lighting, priced at $99.99. This headset, which offers immersive 7.1 surround sound and Turtle Beach's Superhuman Hearing technology, has garnered positive reviews, including being named the Best Wireless Gaming Headset Under $100 by RTINGS.com in April 2021.
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