ROCHESTER, N.Y., June 19, 2018 /PRNewswire/ -- Vuzix®
Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading
supplier of Smart Glasses, Augmented Reality (AR) technologies and
products for the consumer and enterprise markets, is set to join
the broad-market Russell 2000® Index, as well as Russell 3000®
Index, at the conclusion of the Russell U.S. Indexes annual
reconstitution, effective after the U.S. market opens on June
25, according to a preliminary list of additions posted on
the FTSE Russell website originally on June 8 and
again on June 15th. The final list is set to be published
this Friday, June 22.
Membership in the Russell 2000® Index remains in place for
one year. FTSE Russell determines membership for its Russell
indexes primarily by objective, market-capitalization rankings and
style attributes.
"We are delighted to see our shares included in the Russell
2000® Index, one of the market's leading performance benchmarks,"
said Paul Travers, Vuzix Chief
Executive Officer. "We view this as an important milestone that
will help raise awareness of Vuzix within the institutional
investment community. We expect the inclusion in the index,
combined with the strong momentum that our business is
experiencing, to be positive for our shares. We anticipate many
benefits from our inclusion in the index, including increased
liquidity and wider exposure to institutional investors."
Russell U.S. Indexes are widely used by investment managers and
institutional investors as the basis for index funds and as
benchmarks for active investment strategies. Approximately $9
trillion in assets are benchmarked against Russell U.S.
Indexes. Russell U.S. Indexes are part of FTSE Russell, a leading
global index provider.
For more information on the Russell indexes and index
reconstitution, please go to the Russell Reconstitution section on
the FTSE Russell website.
About FTSE Russell
FTSE Russell is a leading global index provider creating and
managing a wide range of indexes, data and analytic solutions to
meet client needs across asset classes, style and strategies.
Covering 98% of the investable market, FTSE Russell indexes offer a
true picture of global markets, combined with the specialist
knowledge gained from developing local benchmarks around the
world.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally.
Approximately $16.2 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.
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented
Reality (AR) technologies and products for the consumer and
enterprise markets. The Company's products include personal display
and wearable computing devices that offer users a portable
high-quality viewing experience, provide solutions for mobility,
wearable displays and augmented reality. Vuzix holds 65 patents and
44 additional patents pending and numerous IP licenses in the Video
Eyewear field. The Company has won Consumer Electronics Show (or
CES) awards for innovation for the years 2005 to 2018 and several
wireless technology innovation awards among others. Founded in
1997, Vuzix is a public company (NASDAQ: VUZI) with offices in
Rochester, NY, Oxford, UK and Tokyo, Japan.
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are
"forward-looking statements" within the meaning of the Securities
Litigation Reform Act of 1995 and applicable Canadian securities
laws. Forward looking statements contained in this release relate
to Company's inclusion on the Russell 2000 Index as of June
25, 2018 as well as the Company's leadership in the Video
Eyewear, VR and AR display industry. They are generally identified
by words such as "believes," "may," "expects," "anticipates,"
"should" and similar expressions. Readers should not place undue
reliance on such forward-looking statements, which are based upon
the Company's beliefs and assumptions as of the date of this
release. The Company's actual results could differ materially due
to risk factors and other items described in more detail in the
"Risk Factors" section of the Company's Annual Reports and MD&A
filed with the United States Securities and Exchange Commission and
applicable Canadian securities regulators (copies of which may be
obtained at www.sedar.com or www.sec.gov). Subsequent events and
developments may cause these forward-looking statements to change.
The Company specifically disclaims any obligation or intention to
update or revise these forward-looking statements as a result of
changed events or circumstances that occur after the date of this
release, except as required by applicable law.
Media and Investor Relations Contact:
Matt Margolis, Director of
Corporate Communications and Investor Relations, Vuzix Corporation
matt_margolis@vuzix.com Tel: (585) 359-5952
Ed McGregor, Director of
Institutional Investor Relations, Vuzix Corporation
ed_mcngregor@vuzix.com Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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SOURCE Vuzix Corporation