Turtle Beach Announces Pre-order Availability for the Best-selling Gaming Accessory Brand’s Eagerly Anticipated Velocityone Flight Controller for Xbox and Windows PCs

Rhea-AI Summary

Turtle Beach Corporation (NASDAQ: HEAR) has announced the pre-order availability of its VelocityOne Flight simulation control system, designed for Xbox and PC. This system aims to enhance the flight simulation experience, particularly for Microsoft Flight Simulator 2020. The product has received acclaim as the “Best of Show” at E3 2021 and taps into a growing market projected to be worth $1 billion. With over 21,000 fans expressing interest, the controller is priced at $379.95 and integrates advanced controls for a realistic flying experience.

Positive

• Pre-orders available for VelocityOne Flight simulation control system.
• Acclaimed as 'Best of Show' at E3 2021.
• Taps into a growing $1 billion global market for gaming simulation hardware.
• Received over 21,000 sign-ups indicating strong demand.
• Price set at $379.95, offering an all-in-one flight controller.

Negative

• None.

Turtle Beach’s VelocityOne Flight Simulation Control System is the Best Way to Experience the Power and Realism of Microsoft Flight Simulator 2020 on Xbox Series X |S

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Leading gaming accessory maker Turtle Beach Corporation (Nasdaq: HEAR) today announced its groundbreaking, Designed for Xbox VelocityOne™ Flight simulation control system is now available for pre-order. Announced during E3 2021, VelocityOne Flight garnered a “Best of Show” from Android Authority and boldly marks Turtle Beach’s foray into the gaming simulation hardware market. VelocityOne Flight is the complete flight control system, developed in collaboration with aeronautical engineers and pilots, and by a dedicated Turtle Beach team with over two decades of experience creating many premier flight and racing simulation controllers. VelocityOne Flight delivers the most immersive, authentic, and modern Xbox and PC flying experience on the market and is the perfect all-in-one flight controller system for experiencing Microsoft Flight Simulator 2020 on Xbox Series X|S. Pilots and flight sim enthusiasts can pre-order VelocityOne Flight from www.turtlebeach.com and participating retailers worldwide. Initial quantities are limited, so reserve your VelocityOne Flight today!

Turtle Beach’s VelocityOne Flight Simulation Control System is the Best Way to Experience the Power and Realism of Microsoft Flight Simulator 2020 on Xbox Series X|S and It's Available Now for Pre-order (Photo: Business Wire)

“We had over 21k fans sign-up to be notified when pre-orders were available so if you’ve been considering upgrading your current PC flight sim hardware or you’re interested in playing Flight Sim 2020 on Xbox Series X|S, reserve your VelocityOne Flight now because interest is very high,” said Juergen Stark, Chairman and CEO, Turtle Beach Corporation. “As a pilot and hardcore flight simmer myself, my experience with VelocityOne Flight has been nothing short of fantastic. We’ve seen similar interest and anticipation from the flight sim community as well as from gamers looking forward to experiencing the thrill of flight for the first time on Xbox. VelocityOne Flight will deliver the most realistic simulation experience on Xbox and PC, and pre-ordering now will be the best way to ensure you get one first. For the great price of $379.95, there’s nothing else like it.”

Today’s VelocityOne Flight pre-order availability news follows the August 2021 launch of Turtle Beach’s Recon Controller for Xbox. Together, the Recon Controller and VelocityOne Flight products are the best-selling gaming accessory brand’s first entries into the nearly $1bn global controller and gaming simulation hardware markets, which are two major markets the Company is planning to expand into beyond 2021.

Stark added, “These two new accessory segments add another $1 billion of global addressable market, with third-party gamepad controllers at roughly $600 million, and PC/console flight simulation hardware adding roughly $400 million in global market. Both of these markets are growing rapidly, and our entrance with these first products is the start of an expanding portfolio into other adjacent PC simulation hardware categories, including flight pedals and standalone flight sticks, as well as racing wheels and pedal kits.”

Additional details on Turtle Beach’s all-new VelocityOne Flight simulation control system below.

VelocityOne Flight

Gamers looking for the ultimate flight simulator experience on Xbox Series X|S and Windows PCs need look no further than the groundbreaking Turtle Beach VelocityOne Flight simulation control system. Designed for Xbox and developed in collaboration with aeronautical engineers and pilots, VelocityOne Flight offers intuitive and realistic controls and equips users across all experience levels with an all-inclusive system to experience the thrill of flight. A true-to-life 180° yoke handle with built-in rudder controls at your fingertips provide precise control of any aircraft. The included modular throttle quadrant with integrated trim wheel, both lever and vernier controls, and swappable lever handles offers at-home aviators enhanced customization and a realistic flight experience for both light and heavy aircraft. A simple USB connection offers users an easy setup process whether playing on an Xbox console or Windows 10. VelocityOne Flight is available for pre-order now for a MSRP of $379.95.

For more information on the latest Turtle Beach products and accessories, visit www.turtlebeach.com and be sure to follow Turtle Beach on TikTok, Twitter, Instagram, and Facebook.

About Turtle Beach Corporation

Turtle Beach Corporation (www.turtlebeachcorp.com) is one of the world’s leading gaming accessory providers. The Turtle Beach brand (www.turtlebeach.com) is known for pioneering first-to-market features and patented innovations in high-quality, comfort-driven headsets for all levels of gamer, making it a fan-favorite brand and the market leader in console gaming audio for the last decade. Turtle Beach’s ROCCAT brand (www.roccat.com) combines detail-loving German innovation with a genuine passion for designing the best PC gaming products. Under the ROCCAT brand, Turtle Beach creates award-winning keyboards, mice, headsets, mousepads, and other PC accessories. Turtle Beach’s Neat Microphones brand (www.neatmic.com) creates high-quality USB and analog microphones for gamers, streamers, and professionals that embrace cutting-edge technology and design. 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 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 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, 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, general business and economic conditions, 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, the Company’s 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. 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/20211103005466/en/

North America

Eric Nielsen

Step 3 Public Relations

202.276.5357

eric@step-3.com

MacLean Marshall

Sr. Director, Public Relations &

Brand 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

Europe

Jessica Albiston

Sr. Marketing Communications Manager

Turtle Beach Germany GMBH

jessica.albiston@turtlebeach.com

Keith Hennessey

Sr. Director, Communications &

Partnerships – International

Turtle Beach

+ 44 (0) 1256 678350

keith.hennessey@turtlebeach.com

Source: Turtle Beach Corporation

FAQ

When is Turtle Beach's VelocityOne Flight available for pre-order?

The VelocityOne Flight is currently available for pre-order.

What is the price of Turtle Beach's VelocityOne Flight?

The price of the VelocityOne Flight is $379.95.

What markets is Turtle Beach entering with VelocityOne Flight?

Turtle Beach is entering the nearly $1 billion global controller and gaming simulation hardware markets.

How many fans signed up for notifications about VelocityOne Flight?

Over 21,000 fans signed up to be notified for pre-orders.

What game is the VelocityOne Flight designed to enhance?

The VelocityOne Flight is designed to enhance the experience of Microsoft Flight Simulator 2020 on Xbox Series X|S.