QuickLogic Included in the Russell Microcap Index
SAN JOSE, Calif., June 29, 2020 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of ultra-low-power multicore voice-enabled system-on-chips (SoCs), embedded FPGA (eFPGA), intellectual property (IP), Internet of Things (IoT), and endpoint artificial intelligence (AI) solutions, today announced that it has joined the Russell Microcap® Index. The Company became a member of the Russell Investments family of U.S. indexes upon their official reconstitution, made effective as of the market open today.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
"We are pleased that our shares are now included in the Russell Index. This move should benefit our shareholders by increasing the visibility and awareness of the Company with institutional investors and the larger investment community," said Brian Faith, QuickLogic president and CEO. "We look forward to this broader exposure as we continue to execute towards our strategic and financial goals."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell Microcap® Index and the Rusell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.
About FTSE Russell
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com
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SOURCE QuickLogic Corporation
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