Turtle Beach Expands its Best-Selling Gaming Accessories Portfolio Into VR Accessories with the Fuel Compact VR Charging Station for Meta Quest 2

Rhea-AI Summary

Turtle Beach Corporation (Nasdaq: HEAR) has launched the Fuel Compact VR Charging Station for the Meta Quest 2, available for pre-order at $79.99, with a launch date of November 21, 2022. This innovative charging solution features dual 20-hour rechargeable battery packs for controllers and a magnetic charging system, allowing gamers to keep their VR equipment organized and charged. The station includes a compact design and an LED dashboard for battery indicators, enhancing user convenience and storage.

Positive

• Launch of the Fuel Compact VR Charging Station for Meta Quest 2, enhancing the product portfolio.
• Innovative features include dual 20-hour rechargeable battery packs and a magnetic charging system.
• Available for a competitive price of $79.99, appealing to VR gamers.

Negative

• None.

The Fuel Compact VR Charging Station Provides Reliable Power for the Meta Quest 2 Virtual Reality Headset and Touch Controllers Via an Innovative Magnetic Charging Station

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Leading gaming headset and accessories maker Turtle Beach Corporation (Nasdaq: HEAR) today unveiled a new charging system that delivers reliable power and provides convenient storage for Meta Quest virtual reality (VR) fans. The Turtle Beach^® Fuel Compact VR Charging Station for Meta Quest 2 ensures that gamers’ devices are fully charged and ready for hours of use. The Fuel Compact VR Charging Station provides power and storage for both the Meta Quest 2 headset and its controllers. Two 20-hour battery packs for the controllers ensure VR gamers never miss a beat, while the magnetic charging system keeps the headset and controllers in-place, charged up, and ready for deep and immersive VR gaming. The Fuel Compact VR Charging Station for Meta Quest 2 is available for pre-order now from www.turtlebeach.com and participating retailers for $79.99 (£69.99/€79.99) MSRP and launches November 21, 2022.

Turtle Beach Expands its Best-Selling Gaming Accessories Portfolio Into VR Accessories with the Fuel Compact VR Charging Station for Meta Quest 2 (Photo: Business Wire)

“We continue to grow our best-selling Turtle Beach brand beyond gaming headsets. This year, we’ve expanded our top-rated game controllers and simulation product families with groundbreaking and innovative new products, and now we’re entering the VR category with our Fuel VR charging station,” said Juergen Stark, Chairman and CEO, Turtle Beach Corporation. “Not only does the Fuel VR keep gamers’ Meta Quest 2 gear powered-up and ready to use, but it also looks modern and sleek and provides an organized, space-saving solution perfect for storing everything when you’re back in the real world.”

The complete list of features for Turtle Beach’s Fuel Compact VR Charging Station for Meta Quest 2 includes:

• Rechargeable Controller Battery Packs: Dual battery packs deliver 20-hours of battery life per pack and eliminate the need for environmentally harmful disposable batteries.
• Simple Magnetic Charging: Slotted battery door covers on the controllers and a USB-C to magnetic pin dongle for the headset make for easy magnetic charging in just 2.5 hours.
• Complete, Compact Design: Charge your entire Meta Quest 2 VR setup all at once while taking up minimal space on your desktop or gaming setup thanks to a compact design.
• Convenient LED Dashboard: Always know when your Meta Quest 2 is ready to use with clear battery indicators on the charging station, with an amber color indicating charge in progress and green indicating 100% charge.

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, Facebook and YouTube.

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 high-quality, comfort-driven headsets for all gamers. Innovation, first-to-market features, a broad range of products, 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. In 2021, Turtle Beach expanded the best-selling brand beyond headsets and successfully launched the first of its groundbreaking game controllers and gaming simulation accessories. Turtle Beach’s ROCCAT brand (www.roccat.com) combines detail-loving German innovation with a genuine passion for designing the best PC gaming products, including 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, professionals and students 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 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 logistic and supply chain challenges, 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, 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/20221107005230/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

Keith Hennessey

Sr. Director, Communications &

Partnerships – International

Turtle Beach

+44 (0) 1256 678350

keith.hennessey@turtlebeach.com

Source: Turtle Beach Corporation

FAQ

What is the pre-order price of Turtle Beach's Fuel Compact VR Charging Station for Meta Quest 2?

The pre-order price of the Fuel Compact VR Charging Station is $79.99.

When will the Fuel Compact VR Charging Station for Meta Quest 2 be launched?

The Fuel Compact VR Charging Station will be launched on November 21, 2022.

What features does the Fuel Compact VR Charging Station for Meta Quest 2 include?

It includes dual 20-hour rechargeable battery packs, magnetic charging, and an LED dashboard for battery indicators.

Is Turtle Beach expanding its product line with the Fuel Compact VR Charging Station?

Yes, Turtle Beach is expanding its product line into the VR accessory market with this new charging station.