QuickLogic Corporation (NASDAQ: QUIK), the inventor and pioneer of Embedded Standard Products (ESPs), announced today that it joined the Russell Microcap™ Index. The newly launched Russell Microcap Index, which debuted on July 1, comprises the smallest 1,000 securities in the small-cap Russell 2000™ Index along with the next smallest 1,000 companies, based on a ranking of all U.S. equities by market capitalization.
“We are pleased that QuickLogic is included in the Russell Microcap Index,” said E. Thomas Hart, chairman, president and chief executive officer of QuickLogic. “Our inclusion will help to increase QuickLogic’s visibility among the investment community.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets currently are benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company’s weighting in the particular index.
This news release contains certain forward-looking statements that involve risks and uncertainties. Such forward-looking statements include statements regarding the benefits of the company being listed on the Russell Microcap Index. Such statements are only predictions and the company may not realize the stated benefits. Factors that may cause such differences include market conditions and others that are more fully discussed in the company's periodic reports and other filings with the SEC.
QuickLogic Corporation (NASDAQ: QUIK) is the inventor and pioneer of innovative, customizable semiconductor solutions for mobile and portable electronics OEMs and ODMs. These silicon plus software solutions are called Customer Specific Standard Products (CSSPs). CSSPs enable our customers to bring their products to market more quickly and remain in the market longer, with the low power, cost and size demanded by the mobile and portable electronics market. For more information about QuickLogic and CSSPs, visit www.quicklogic.com.
The QuickLogic name and logo are registered trademarks of QuickLogic Corporation. All other brands or trademarks are the property of their respective holders and should be treated as such.