Added to Russell 3000

June 26, 2017 09:00 AM Eastern Daylight Time


REDMOND, Wash.--(BUSINESS WIRE)--MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced it has been added as a member of the broad-market Russell 3000® Index, effective after the US market opens on June 26, as part of the 2017 Russell indexes reconstitution.

Annual reconstitution of the Russell indexes captures the 4,000 largest US stocks as of May 12th, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as 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 extremely pleased that MicroVision has been added to the Russell 3000 Index,” said Alexander Tokman, President and CEO of MicroVision. “This inclusion is a nice acknowledgement of the progress we have made in the past several years with our growth strategy, and we look forward to continuing on this path.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $8.4 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.