PDP’s RIFFMASTER Shreds Through Pre-Orders

Rhea-AI Summary

PDP's new RIFFMASTER Wireless Guitar Controller, created in collaboration with Turtle Beach , has sold out all available pre-order inventory, demonstrating high demand among gamers worldwide. The controller, priced at $129.99 MSRP, is the first of its kind in nearly a decade and is set to launch in April 2024. PDP plans to restock inventory in June/July to meet ongoing demand.

Gamers Worldwide Have Quickly Reserved All Available Pre-Order Inventory for PDP’s New RIFFMASTER Wireless Guitar Controller

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- RIFFMASTER, the highly-anticipated all-new wireless guitar controller from leading gaming accessories maker Turtle Beach Corporation (Nasdaq: HEAR) and Performance Designed Products LLC (PDP), has sold through all available pre-order inventory. PDP began taking pre-orders for the RIFFMASTER late last week and rhythm-music gamers the world over were quick to reserve all available units. Nearly all of PDP’s special edition RIFFMASTER guitar controller featuring the exclusive Pickguard gift were reserved in the first 10-minutes after going live, with over 6,500 units of the standard version for Xbox/PC and PlayStation reserved at PDP.com and participating retailers. Gamers looking to get their hands on the RIFFMASTER for Xbox/Windows PC or PlayStation can sign-up to be notified as soon as additional inventory becomes available. The RIFFMASTER is the first guitar controller designed for a new game in nearly a decade and is scheduled to launch in April for $129.99 MSRP.

Gamers Worldwide Have Quickly Reserved All Available Pre-Order Inventory for PDP’s New RIFFMASTER Wireless Guitar Controller (Photo: Business Wire)

“The RIFFMASTER’s sold-out pre-orders clearly shows it fills the musical guitar controller void in gamer’s hearts, and we love seeing fans’ enthusiasm for it,” said Michael Lai, Senior Director of Product Marketing, Performance Designed Products. “With demand still ongoing, fans can rest assured that we have another upcoming smaller amount of RIFFMASTERs for Xbox/PC and PlayStation planned to be available in April at launch, with a larger inventory restock planned for late June/early July so that more gamers can shred to their musical heart’s delight.”

PDP is launching two RIFFMASTER wireless guitar designs in April 2024, saluting those who rock exclusively on Xbox Series X|S, Xbox One, and PC, as well as those who rock exclusively on PS5™ and PS4™. The RIFFMASTER wireless controller is officially licensed for Xbox and PlayStation. For full details on the RIFFMASTER, visit www.pdp.com, and be sure to check out the trailer below:

Check out the RIFFMASTER in action here:
https://youtu.be/G8gp2T3VvUY?si=cw0LcKLKXV9LOhT9

Press Kit: https://spaces.hightail.com/receive/sIET5sBB27

About PDP

PDP is an industry leader and award-winning provider of high-quality licensed peripherals and accessories for all major video game platforms. PDP believes that design-forward, high-performance gear should be as unique and accessible as the gaming community itself. From beginner to professional, PDP’s product lines offer uncompromising performance and striking designs that transport gamers into seamless, immersive experiences where competition, connection, and personal expression are limitless. Victrix by PDP is purpose built for Esports athletes and enthusiasts looking for unmatched performance and competitive advantage. For over 25 years, PDP has been supplying video game peripherals and accessories to major retailers across the world, including retailers in the United States, Canada, Europe, and Australia. For more information, visit www.pdp.com and victrixpro.com. PDP was acquired by Turtle Beach Corporation in March 2024.

About Turtle Beach Corporation

Turtle Beach Corporation (the “Company”) (www.turtlebeachcorp.com) is one of the world’s leading gaming accessory providers. The Company’s namesake Turtle Beach brand (www.turtlebeach.com) is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach Corporation acquired Performance Designed Products (www.pdp.com) in 2024. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: HEAR.

Cautionary Note on 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. Statements containing the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “goal,” “project,” “intend” and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements are only predictions and are not guarantees of performance. 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. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management’s current beliefs and expectations, 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, risks related to inflationary pressures, optimizing our product portfolio, reducing our cost of goods and operating expenses, reductions in logistic and supply chain challenges and costs, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, including promotional credits and discounts, general business and economic conditions, risks associated with the future direction or governance of the Company, risks associated with the expansion of our business, including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, 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, Quarterly Report on Form 10-Q, and the Company’s other periodic reports filed with the Securities and Exchange Commission. 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 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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240325329876/en/

Liz Pieri

Pieri PR

626.818.7580

liz@pieripr.com

MacLean Marshall

Sr. Director, Global Communications

Turtle Beach Corporation

858.914.5093

maclean.marshall@turtlebeach.com

Investor Information:

Cody Slach or Alex Thompson

Gateway Investor Relations

949.574.3860

hear@gatewayir.com

Source: Turtle Beach Corporation

FAQ

What is the name of the new wireless guitar controller created by PDP in collaboration with Turtle Beach ?

The new wireless guitar controller is called RIFFMASTER.

What is the ticker symbol of Turtle Beach ?

The ticker symbol of Turtle Beach is HEAR.

When is the scheduled launch date for the RIFFMASTER wireless guitar controller?

The RIFFMASTER wireless guitar controller is scheduled to launch in April 2024.

How much is the RIFFMASTER wireless guitar controller priced at?

The RIFFMASTER wireless guitar controller is priced at $129.99 MSRP.

Where can gamers sign up to be notified when additional inventory for the RIFFMASTER becomes available?

Gamers can sign up at PDP.com and participating retailers to be notified when additional inventory for the RIFFMASTER becomes available.