Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT: MCZ) announced today that it has started working with Microsoft Corporation on the development of next generation accessories for the Xbox One.

“We are eagerly looking forward to the upcoming launch of the Xbox One and excited about the opportunity to develop a range of innovative products to support the platform.” said Darren Richardson, the President and Chief Executive Officer of Mad Catz Interactive, Inc.

“The launch of the Xbox One adds a new revenue stream and the enhanced performance of the Xbox One opens up additional scope for innovation. Today’s announcement demonstrates our continued support of Microsoft’s console and entertainment business and is part of our long-term strategy to bring innovative products to passionate gamers.”

The Xbox One is expected to launch this holiday.

What do you think of Mad Catz releasing Xbox One gear? What do you think they will be releasing? Let us know your thoughts in the comments below.