QuickLogic Corporation, 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, 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.
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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.
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