KULR Technology Group Inc (NYSE:KULR) is set to join the Russell Microcap Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27.
Membership in the esteemed index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.
“We look forward to joining the well-known Russell Microcap Index, as it will enhance our equity profile and support our efforts in expanding our existing base of institutional investors,” said KULR CEO Michael Mo.
READ: KULR Technology positions itself strategically to secure battery supply to tap a $350M revenue opportunity
“As we just pass the year mark from uplisting to the NYSE, it is truly an honor to be on track to achieve another encouraging milestone in our company’s history. With several exciting initiatives brewing in the pipeline, we look forward to further sharing the KULR story to the broader investment community.”
FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. They. are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.
San Diego-based KULR Technology develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems.
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