Turtle Beach Corporation Partners With American Hearing Aid Associates For Groundbreaking HyperSound Clear™ Hearing Solutions Product
SAN DIEGO, May 12, 2015 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), the leading-edge audio technology company, today announced a new partnership with American Hearing Aid Associates (AHAA) as the Company moves closer to launching HyperSound Clear™, the first-of-its-kind directed audio solution that improves sound clarity and speech intelligibility for individuals with hearing loss. This newly formed partnership will make AHAA – one of the nation's largest and most highly regarded networks of hearing healthcare providers – one of the first to offer HyperSound Clear when it launches later this year.
"We're dedicated to empowering and supporting our network of hearing care professionals by providing a portfolio of strong, customer-centric solutions that add true value to end-users," said Barbara Lewis, Director of Customer Excellence and Quality Assurance for AHAA. "We recognize one of the key drivers to accelerating audiologic treatment is continually innovating current technology and developing new ones, and HyperSound Clear is a great example of a new technology that has the potential to really improve the lives of people with hearing loss."
"We are obviously thrilled to announce this partnership with AHAA as they immediately understand HyperSound Clear's value proposition for the hearing healthcare market," said Rodney Schutt, Senior Vice President and General Manager for HyperSound at Turtle Beach Corporation. "HyperSound Clear is a great fit for the hearing healthcare industry, whether as a gateway product in the early stages of a patient's hearing health journey prior to owning hearing aids, or as an 'unplugged' entertainment solution after they've purchased hearing aids."
Added Tina Soika, President of AHAA: "HyperSound Clear's novel approach to dlivering speech intelligibility makes it a uniquely effective solution, not only for individuals with hearing loss, but for their loved ones as well. We are excited to provide our associates with a wider range of hearing loss treatments than ever before."
HyperSound is Turtle Beach Corporation's fundamentally new approach to sound delivery that utilizes thin panels to generate an ultrasound beam that carries audio through the air. The panels direct sound in a narrow, controlled beam; much the way a flashlight directs a beam of light. When an individual enters the beam's radius, they hear immersive 3D audio, similar to wearing a surround sound headset. The characteristics of the HyperSound Clear audio beam have been shown to improve the clarity of audio and speech intelligibility in individuals with certain types of hearing loss.
In February 2014 Turtle Beach Corporation received U.S. Food and Drug Administration (FDA) clearance to market the HyperSound Audio System to improve clarity and comprehension of sound. Researchers estimate that one in five Americans, and one in three people over age 65, suffer from hearing loss. Impacting over 48 million Americans, hearing loss is the third most common chronic physical condition in the United States after arthritis and heart disease. An estimated 360 million people worldwide suffer from some form of hearing loss.
About American Hearing Aid Associates
American Hearing Aid Associates (AHAA – www.ahaanet.com) represents the nation's highest-quality and most accessible hearing healthcare network, comprised of professional audiologists, hearing aid dispensers, otolaryngologists, hospitals, and universities across the country. AHAA aims to raise the quality of hearing healthcare throughout America by continual evaluation and upgrading of the educational standards and technical expertise of its hearing Associates.
About Turtle Beach Corporation
Turtle Beach Corporation (www.turtlebeachcorp.com) designs leading-edge audio products for the consumer, commercial and healthcare markets. Under the Turtle Beach brand (www.turtlebeach.com), the Company markets a wide selection of quality gaming headsets catering to a variety of gamers' needs and budgets, for use with video game consoles, including officially-licensed headsets for the Xbox One and PlayStation®4, as well as for personal computers and mobile/tablet devices. Under the HyperSound brand (www.hypersound.com), the Company markets pioneering directed audio solutions that have applications in digital signage and kiosks, consumer electronics and healthcare. The company's shares are traded on the NASDAQ Exchange under the symbol: HEAR.
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. Forward looking statements are based on management's statements containing the words "may", "could", "would", "should", "believe", "expect", "anticipate", "plan", "estimate", "target", "project", "intend" and similar expressions 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, 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, the substantial uncertainties inherent in 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 implementation of any businesses we acquire, our indebtedness, 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 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 any 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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SOURCE Turtle Beach
Edited by Stefania Viscusi
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