One of the most recognised names in the field of enterprise-focused augmented reality (AR) technology, Vuzix, has announced that it is set to join the broad-market Russell 2000 Index, along with the Russell 3000 Index. This will occur at the conclusion of the Russell U.S. Indexes annual reconstitution, effective after the U.S market opens on June 25th.
The FTSE Russel is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions. With coverage of 9% of the investable market, FTSE Russell indexes offer a true picture of the global markets, combined with their specialist knowledge gained from developing local benchmarks for use around the world.
“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 a benchmark for active investment strategies. Vuzix’s membership in the Russell 2000 Index will remain in place for one year, with membership being determined by Russell based primarily by objective, market-capitalization rankings and style attributes. By joining the broad-market, Vuzix will possibly see a range of benefits that could help the company grow and develop.
Vuzix have been rather busy lately with the recent appointment of two new Vice President positions along with launching a developer center for their Vuzix Blade AR Smart Glasses. The company continues to build it’s reputation into being a global leader within the enterprise-focused AR field, delivering outstanding performance and quality to their customers.
As Vuzix continue to push their brand and products deeper into the market, supporting their industry-leader status, VRFocus will be sue to bring you all the latest so make sure to stay tuned for more.