Xplore Technologies (NASDAQ: XPLR), manufacturer of fully-rugged and
ultra-rugged tablets, has been included in the Russell
Microcap® Index when Russell
Investments reconstituted its comprehensive set of U.S. and global
equity indexes on June 27, according to a preliminary list of additions
posted June 13 on www.russell.com/indexes.
Membership in the Russell Microcap Index, which remains in place for one
year, means automatic inclusion in the appropriate growth and value
style indexes. Russell determines membership for its equity indexes
primarily by objective, market-capitalization rankings and style
attributes.
“As we continue to gain notoriety in the investment community, this
acknowledgment from Russell Investments only adds to our confidence in
the industry,” said Phil Sassower, chairman and CEO for Xplore
Technologies. “As Xplore continues to grow and perform, we look forward
to staying ahead as a major market player in the rugged technology
market.”
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Russell calculates more than 700,000 benchmarks daily
covering approximately 98 percent of the investable market globally, 80
countries and more than 10,000 securities. Approximately $5.2 trillion
in assets are benchmarked to the Russell Indexes.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S.
stocks as of the end of May, ranking them by total market capitalization
to create the Russell 3000® Index and Russell Microcap Index.
These investment tools originated from Russell's multi-manager
investment business in the early 1980s when the company saw the need for
a more objective, market-driven set of benchmarks in order to evaluate
outside investment managers.
Total returns data for the Russell Microcap and other Russell Indexes is
available at http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.
Sample tweet:
.@XploreRuggedPC
included in Russell Microcap® Index as part of @Russell_News
index recon http://ow.ly/bx7ud
About Xplore Technologies®
Xplore Technologies Corp. has been a leading global provider of
fully-rugged tablets since 1998. Xplore tablets are among the most
powerful and longest lasting in their class, withstand nearly any
hazardous condition or environmental extreme, and feature competitive
pricing and significant ROI. The company's products are sold on a global
basis, with channel partners in the United States, Canada, Europe and
Asia Pacific. Xplore Technologies’ tablets are deployed across a variety
of industries and sectors, such as energy, military operations,
manufacturing, distribution, public services, public safety, government,
and other areas with hazardous work conditions. For more information,
visit the Xplore Technologies website at www.xploretech.com.
Copyright Business Wire 2014