MicroVision Added to Russell Microcap(R) Index
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Rhea-AI Summary
MicroVision (NASDAQ: MVIS) announced its addition to the Russell Microcap Index effective June 27, 2022, which underscores the company's growth in automotive lidar and ADAS solutions. This membership enhances visibility among investors and reflects confidence in its leadership and strategies. MicroVision remains in the Russell 2000 and Russell 3000 indexes, which are used by investment managers managing approximately $12 trillion in assets. The inclusion aims to bolster public awareness and potentially attract more investment in the company.
Positive
- Inclusion in the Russell Microcap Index enhances visibility and public awareness.
- Reflects market confidence in MicroVision's leadership and innovative strategies.
- Membership in major Russell indexes could potentially attract institutional investment.
Negative
- None.
Details
News Market Reaction – MVIS
The recorded move for MVIS in the trading session of this news was -2.59%.
Data tracked by StockTitan Argus. Session date unavailable.
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REDMOND, WA / ACCESSWIRE / June 27, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, is pleased to announce the Company was selected to be added to the Russell Microcap® Index after the U.S. equity market opens on June 27, 2022, as part of the 2022 Russell U.S. indexes annual reconstitution. MicroVision continues to be in the Russell 2000® Index and the Russell 3000® Index. This Russell index membership is according to lists posted by FTSE Russell on its website on June 24, 2022.
"It is an honor to join the Russell Microcap Index this year. We believe it acknowledges our Company's strong growth and progress on stated initiatives, and reflects the market's confidence in our leadership team, innovative strategies, and diligent execution," said Sumit Sharma, CEO of MicroVision. "We believe our timely inclusion in the Russell Microcap Index will raise visibility and public awareness of MicroVision as an attractive investment in automotive lidar and ADAS solutions."
Membership in Russell indexes, which remain in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. For more information on the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.
About MicroVision
MicroVision is a pioneering company in MEMS-based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms, and machine learning software into its proprietary technology to address existing and emerging markets. The Company's integrated approach uses its proprietary technology today to develop automotive lidar sensors and provide solutions for advanced driver assistance systems (ADAS), leveraging its experience building augmented reality micro-display engines, interactive display modules, and consumer lidar modules.
For more information, visit the Company's website at www.microvision.com, on Facebook at www.facebook.com/microvisioninc, follow MicroVision on Twitter at @MicroVision and LinkedIn at https://www.linkedin.com/company/microvision/. MicroVision is a trademark of MicroVision, Inc. in the United States and other countries.
MicroVision is a trademark of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.
Investor Relations Contact
Jeff Christensen and Matt Kreps
Darrow Associates Investor Relations
MVIS@darrowir.com
SOURCE: MicroVision, Inc.
View source version on accesswire.com:
https://www.accesswire.com/706601/MicroVision-Added-to-Russell-MicrocapR-Index