San Diego, March 22. 2011
Mad Catz® Interactive, Inc. (“Mad Catz” or“the Company”) (AMEX/TSX: MCZ) today announced North American distribution for the SANYO Inductive Charging System, the only Nintendo Wii charging system to be officially licensed by Nintendo.
Fully compatible with the Nintendo Wii MotionPlus accessory, the SANYO Inductive Charging System comes complete with two Rechargeable Battery Packs, compatible with both the official Nintendo Wii Remote and the all-new Mad Catz‘REACTOR’ Wii Controller.
The Charging System uses the latest in electromagnetic inductive technology to store and charge up to two Wii Remotes without the need to remove protective silicone covers or the Wii MotionPlus accessory.
The breakthrough charging system makes use of SANYO’s unique‘’eneloop’ battery technology, which enables hundreds of charges and which is proven to retain 85% of initial charge, even after a full year of use, while conventional NiMH batteries lose 50%. Coupled with the ability to recharge and re-use over and over again, low self-discharge make‘eneloop’ batteries the perfect choice for long-term intermittent use.
Made under license from Nintendo, the Charging System includes built-in charge failure detection, automatically stopping the charge if metal pieces such as coins interrupt the contact between the Wii Remote battery pack and the charge stand.
Powered via USB cable, the Charging System charges gamers’ Wii Remotes by plugging directly into the Wii console, with no need for an external power adapter.
The SANYO Inductive Charging System for Nintendo Wii is available now for North America on the Mad Catz online web store (store.gameshark.com).
For further information please contact:
Alex Verrey: Global PR&Communications Manager
t. +44 (0) 1908 336 538
Michael Greco: Vice President of Marketing
t. + 1-619-321-3564
Allyson Vanderford : Interim Chief Financial Officer
t. +1-619-321 3545
Joseph Jaffoni, Norberto Aja and Jim Leahy
Jaffoni and Collins Incorporated
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About Mad Catz Interactive, Inc.
Mad Catz is a leading global provider of innovative products for the interactive entertainment industry. Mad Catz develops and markets accessories for videogame systems and PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and Tritton (gaming audio) brands. Mad Catz also operates e-commerce and content websites for videogame and PC products under its GameShark brand, develops, manufactures and markets proprietary earphones under its AirDrives brand, and publishes and distributes video/PC games. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia. For additional information please go to www.madcatz.com, as well as www.store.gameshark.com, www.saitek.com, www.cyborggaming.com, www.eclipsetouch.com, www.trittontechnologies.com, www.gameshark.com and www.airdrives.com.
Safe Harbor for Forward Looking Statements: This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments. You can identify these statements by the fact that they use 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 actual results to differ materially are the following: the ability to maintain or renew the Company's licenses; competitive developments affecting the Company's current products; first party price reductions; the ability to successfully market both new and existing products domestically and internationally; difficulties or delays in manufacturing; or a downturn in the market or industry. A further list and description of these risks, uncertainties and other matters can be found in the Company's reports filed with the Securities and Exchange Commission and the Canadian Securities Administrators