SAN DIEGO, March 31, 2016 (GLOBE NEWSWIRE) — Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ), a global provider of innovative entertainment products, today announced the debut of the X-56 Rhino H.O.T.A.S. Advanced Flight Control System™, the Company’s newest addition to its Saitek Pro Flight Range of PC-based simulation accessories.
Building on the successful X-55 Rhino™ platform, the X-56 is designed specifically to address the advanced control requirements of the space simulation genre with new features that make spaceflight control more intuitive. With the addition of two analog sticks, one on each controller, the X-56 provides an additional four axes of control – ideal for the 6 degrees of freedom flight dynamics demanded by modern space simulation game titles.
Full 16 million RGB color backlighting enables gamers to customize the X-56 to match the rest of their gaming equipment; a feature that is increasingly essential across PC peripherals. Building on the success of the X-55, the new X-56 has been completely re-engineered from the ground up to address feedback received from the simulation community and incorporates new materials, increased switchgear life cycles and new graphics.
“The Saitek brand has always sought to deliver product innovation, quality and engagement for the global simulation community,” said Andrew Young, Chief Technology Officer of Mad Catz. “We are proud to continue that tradition and reaffirm our commitment to the PC simulation market and in particular the space simulation genre. While this new segment of the simulation market may be new to many enthusiasts, it is already gaining significant popularity and play.”
“Additionally, we believe 2016 will also be a key year for the adoption of virtual reality thanks to the introduction of both the Oculus Rift and the HTC Vive. Our X-56 Rhino directly addresses the needs of this exciting market as its control system is perfectly positioned for use while wearing a VR unit. Ultimately, we are confident that the Saitek X-56 Rhino will offer significant control advantages and greatly enhance the simulation experience for enthusiasts everywhere.”
For more information or to pre-order, please visit: www.saitek.com
About Mad Catz
Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT/TSX: MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz® (gaming), Tritton® (audio), and Saitek® (simulation) brands. Mad Catz products cater to passionate gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows PC and Mac® computers, smart phones, tablets and other mobile devices. Mad Catz distributes its products through its online store as well as distribution via many leading retailers around the globe. Headquartered in San Diego, California, Mad Catz maintains offices in Europe and Asia. For additional information about Mad Catz and its products, please visit the Company’s website at www.madcatz.com
Cautionary Note Regarding Forward-Looking Statements
Information in this press release that involves the Company’s expectations business prospects, plans, intentions or strategies regarding its future are forward-looking statements that are not facts and that involve substantial risks and uncertainties. You can identify these statements by the use of words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “should,” “plan,” “goal,” “believe,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause the Company’s actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include the following: the ability to maintain or renew the Company’s licenses; competitive developments affecting the Company’s current products; first-party price reductions; availability of capital under our credit facility; commercial acceptance of new in-home gaming consoles; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; unanticipated product delays; or a downturn in the market or industry. A further list and description of these and other factors, risks, uncertainties and other matters can be found in the Company’s most recent annual report, and any subsequent quarterly reports, filed with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. The forward-looking statements in this release are based upon information available to the Company as of the date of this release, and the Company assumes no obligation to update any such forward-looking statements as a result of new information or future events or developments. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of the Company and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.
Mad Catz, the Mad Catz logo, Saitek, X-55 RHINO and X-56 RHINO are trademarks or registered trademarks of Mad Catz Interactive, Inc., its affiliates and/or subsidiary companies. All other marks are the property of their owners.
CONTACT: Mad Catz Communications: Dave McKeon Chief Financial Officer [email protected] or +1 (858) 790-5045 Investor Relations: Joseph Jaffoni, Norberto Aja, Jim Leahy JCIR [email protected] or +1 (212) 835-8500