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A.k.a. the Watson Quintuple Product Identity.
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(1) | 
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(2) | 
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(3) | 
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See also Jacobi Triple Product, Ramanujan Theta Functions
References
Berndt, B. C.  Ramanujan's Notebooks, Part III.  New York: Springer-Verlag, 1985.
 
Borwein, J. M. and Borwein, P. B.
  Pi & the AGM: A Study in Analytic Number Theory and Computational Complexity.  
  New York: Wiley, pp. 306-309, 1987.
 
Gasper, G. and Rahman, M.  Basic Hypergeometric Series.  Cambridge, England: Cambridge University Press, 1990.