Luna Innovations Incorporated (NASDAQ: LUNA) today announced it is set
to join the Russell Microcap® Index when Russell Investments
reconstitutes its comprehensive set of U.S. and global equity indexes
after the close of market on Friday, June 26, 2015, according to a
preliminary list of additions posted June 12, 2015 on Russell
Indexes Reconstitution.
Membership in the Russell Microcap Index, which remains in place for one
year, means automatic inclusion in the appropriate growth and value
style indexes. FTSE Russell determines membership for its Russell
indexes primarily by objective, market-capitalization rankings and style
attributes.
My Chung, president and chief executive officer of Luna commented,
“Inclusion in the Russell index is a significant milestone for us
following our continued revenue growth and improved operating results.
As we continue to execute on our growth strategy following the merger
with Advanced Photonix, Inc., we believe our membership will be a
valuable tool to help raise our profile in the financial community and
broaden our shareholder base.”
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $5.7 trillion in assets are benchmarked to the
Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell 1000 and the Russell reconstitution,
go to “Recon Central” section on the FTSE
Russell website.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide. FTSE
Russell calculates thousands of indexes that measure and benchmark
markets and asset classes in more than 80 countries, covering 98% of the
investable market globally and trading on over 25 exchanges worldwide.
FTSE Russell index expertise and products are used extensively by
institutional and retail investors globally. Leading asset owners, asset
managers, ETF providers and investment banks use FTSE Russell indexes to
benchmark their investment performance and create ETFs, structured
products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and
management: a transparent rules-based methodology is informed by
independent committees of leading market participants. FTSE Russell is
focused on applying the highest industry standards in index design and
governance. FTSE Russell is also focused on index innovation and client
collaboration as it seeks to enhance the breadth, depth and reach of its
offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For more
information, visit www.ftserussell.com.
About Luna
Luna Innovations Incorporated (www.lunainc.com)
is a public company composed of scientists, engineers, and business
professionals developing and manufacturing a new generation of
technologies and products. It has been successful in taking innovative
technologies from applied research to product development and ultimately
to the commercial market, driving breakthroughs in fields such as
aerospace, automotive, telecommunications, healthcare, energy, and
defense.
Forward-Looking Statements:
The statements in this release that are not historical facts constitute
“forward-looking statements” made pursuant to the safe harbor provision
of the Private Securities Litigation Reform Act of 1995 that involve
risks and uncertainties. These statements include our expectations
regarding the company’s operating results and future growth of the
company’s business, including the continued execution on our growth
strategy following the merger with Advanced Photonix, Inc. Management
cautions the reader that these forward-looking statements are only
predictions and are subject to a number of both known and unknown risks
and uncertainties, and actual results, performance, and/or achievements
of the company may differ materially from the future results,
performance, and/or achievements expressed or implied by these
forward-looking statements as a result of a number of factors. These
factors include, without limitation, failure of demand for the company’s
products and services to meet expectations, integration or other
operational issues related to the merger, technological challenges and
those risks and uncertainties set forth in the company’s periodic
reports and other filings with the Securities and Exchange Commission.
Such filings are available at the SEC’s website at www.sec.gov
and at the company’s website at www.lunainc.com.
The statements made in this release are based on information available
to the company as of the date of this release and Luna undertakes no
obligation to update any of the forward-looking statements after the
date of this release.
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