Turtle Beach’s VelocityOne Flight Simulation Controller Becomes One of the Brand’s Most Pre-Ordered Products

Rhea-AI Summary

Turtle Beach Corporation (NASDAQ: HEAR) announced that the pre-orders for its VelocityOne Flight simulation control system sold out within minutes across the U.S., UK, and Germany. With over 21,000 fans waiting for availability, the product highlights Turtle Beach's entry into the flight simulation hardware market. CEO Juergen Stark emphasized the positive start, stating additional units will be available post-launch on November 14. The VelocityOne Flight system features a 180° yoke handle and modular throttle quadrant for enhanced user experience.

Positive

• Over 21,000 fans signed up for pre-orders, indicating strong demand.
• Pre-orders sold out in under 15 minutes in major markets, showing robust market interest.
• VelocityOne Flight enhances Turtle Beach's product portfolio in the growing flight simulation hardware sector.

Negative

• None.

Pre-Orders for Turtle Beach’s Eagerly Anticipated VelocityOne Flight Simulation Control System Sell Out in Minutes – Additional Inventory Inbound

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Leading gaming accessory maker Turtle Beach Corporation (Nasdaq: HEAR) announced its Designed for Xbox VelocityOne™ Flight simulation control system has become one of the brand’s most pre-ordered products from www.turtlebeach.com. VelocityOne Flight had over 21,000 fans signed-up and awaiting word on when the new flight simulation controller would be available to reserve, and after going live for pre-order earlier today, the highly sought-after controller sold out quickly. Turtle Beach’s U.S., UK, and German supply sold out in under 15 minutes, with the remaining global units snatched up in under an hour.

“VelocityOne Flight pre-orders from our site selling out globally is a wonderful start to our entry into the rapidly growing flight simulation hardware market,” said Juergen Stark, Chairman and CEO, Turtle Beach Corporation. “If you were not able to reserve a unit via pre-order, there will be additional quantities available in waves following VelocityOne Flight’s November 14 launch.”

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.

Gamers looking for the ultimate flight simulator experience on Xbox Series X|S and Windows 10 PCs need look no further than the groundbreaking Turtle Beach VelocityOne Flight simulation control system. 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.

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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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

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

Investor Information:

Cody Slach or Alex Thompson

Gateway Investor Relations

949.574.3860

hear@gatewayir.com

Source: Turtle Beach Corporation

FAQ

When was the Turtle Beach VelocityOne Flight pre-order released?

The pre-order for the Turtle Beach VelocityOne Flight was released on the same day as the announcement and sold out quickly.

What is the launch date for VelocityOne Flight?

The VelocityOne Flight is set to launch on November 14.

What is the significance of the VelocityOne Flight for Turtle Beach?

The VelocityOne Flight marks Turtle Beach's entry into the rapidly growing flight simulation hardware market.

How long did it take for the VelocityOne Flight pre-orders to sell out?

The VelocityOne Flight pre-orders sold out in under 15 minutes in the U.S., UK, and Germany.

How many units of VelocityOne Flight were pre-ordered?

Turtle Beach had over 21,000 fans signed up for pre-orders, indicating significant interest.