Grammy Award-winning Oklahoma City-based psychedelic rockers The Flaming Lips are celebrating their 35th anniversary with a newly announced “Greatest Hits Vol. 1.” Cover art provided by Warner Bros. Records

Grammy Award-winning Oklahoma City-based psychedelic rockers The Flaming Lips are celebrating their 35th anniversary with a newly announced “Greatest Hits Vol. 1.”

The experimental rock band was founded in Norman in 1983 and signed in 1991 with Warner Bros. Records. The greatest hits collection will include three discs – a massive 52 tracks - from 1992's “Hit To Death In The Future Head” through last year’s “Oczy Mlody.” A handful of rare B-sides and previously unreleased material also will make the track list.

All songs in the collection have been painstakingly remastered from the original source tape by the Lips' producer Dave Friedman, according to Grammy.com. A vinyl release is being prepared as well, although it has been distilled to just 11 tracks and one disc.

The Flaming Lips' Greatest Hits, Vol. 1 will be available on June 1. Fans who pre-order via the band's official website also will receive a digital download of "We Can't Predict The Future," a rare live cut from the band's 1999 “BBC Sessions” appearance, previously only available on the vinyl reissue of “The Soft Bulletin.”