Wednesday, June 09, 2021 12:14:52 PM
Augmented Reality and Smart Glasses Innovator Vuzix to Be Added to Russell 3000 and Russell 2000 Indexes
ROCHESTER, N.Y., June 9, 2021 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.
Vuzix’ Next Generation Product Development
Vuzix is engaged in the design, manufacture, marketing and sale of augmented reality wearable display and computing devices. These display devices are worn like eyeglasses and typically include cameras, sensors, and a computer that enable the user to view, record and interact with video and digital content, allowing their wearers to interact and perform work hands-free. The key growth areas for the Company and its products currently are in the enterprise, medical, consumer electronics, OEM, defense and security markets where we help our customers increase productivity; eliminate travel costs; lower carbon footprint; improves worker safety and protect worker health. With the industry's broadest product line of smart glasses, Vuzix is now working on it next generation products which include its see-through waveguide optics while implementing the latest micro-LED display technology, as pictured below.
Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, ranking them by total market capitalization. Membership in the US all-cap 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 pleased to see our shares added to the Russell Indexes, one of the leading market performance benchmarks in North America," said Paul Travers, Vuzix Chief Executive Officer. "We view this as an important milestone and one that demonstrates Vuzix' growing market leadership and enterprise value. At the same time, we feel this should help raise awareness and the appeal of Vuzix within the institutional investment community."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.
https://ir.vuzix.com/news-events/press-releases/detail/1894/augmented-reality-and-smart-glasses-innovator-vuzix-to-be
Recent VUZI News
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- Global Retailer Expands Its Use of Vuzix Smart Glasses to Support Its Warehousing Operations • PR Newswire (US) • 04/23/2024 04:45:00 PM
- Vuzix Wholly Owned Subsidiary Moviynt Partners with NetLogistik to Offer Mobility Solutions for the Warehouse • PR Newswire (US) • 04/16/2024 12:15:00 PM
- Vuzix Reports 4Q and Full Year 2023 Results • PR Newswire (US) • 04/15/2024 08:15:00 PM
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- Vuzix Commences Online Sales of Its MicroLED Binocular Waveguide Smart Safety Glasses • PR Newswire (US) • 04/08/2024 12:45:00 PM
- Vuzix Receives New Additional Orders from Two Aerospace Defense Firms to Further Develop Their Waveguide-based Display Solutions • PR Newswire (US) • 04/04/2024 12:00:00 PM
- Vuzix Enters into Reseller Agreement with UK-based Purview Services and Ships Their Initial High 6-Figure Smart Glasses Order • PR Newswire (US) • 04/02/2024 12:00:00 PM
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- Vuzix to Delay Filing of Its 10-K Annual Report and Postpone Related Investor Conference Call • PR Newswire (US) • 03/27/2024 09:30:00 PM
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- 2024 State of the Industry Brief on Warehouse Picking Supports a Strong Future Demand for Augmented Workforce • PR Newswire (US) • 03/07/2024 02:00:00 PM
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- Vuzix To Showcase Cutting-Edge AR Smart Glasses Technology at Mobile World Congress Barcelona 2024 • PR Newswire (US) • 02/23/2024 02:00:00 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 02/09/2024 10:26:06 PM
- Vuzix Expands Its Market Leadership in Optical Waveguides with the Addition of Integrated Vision Correction Prescriptions • PR Newswire (US) • 01/30/2024 07:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/29/2024 09:00:59 PM
- Vuzix Announces That NTT QONOQ Now Supports the Use of Its NTT XR Real Support Solution on Vuzix M400 Smart Glasses • PR Newswire (US) • 01/29/2024 06:15:00 PM
- Vuzix Establishes Ophthalmic Advisory Board to Better Serve Human Vision Correction Needs with AR Glasses • PR Newswire (US) • 01/29/2024 03:00:00 PM
- Vuzix Announces Significant Cost Cutting Aligned with Tighter Focus on Select Smart Glasses and OEM AR Technologies • PR Newswire (US) • 01/17/2024 02:15:00 PM
- Vuzix Introduces Z100 Smart Glasses to Seamlessly Connect Workers with AI Optimization Tools • PR Newswire (US) • 01/09/2024 05:30:00 PM
- Vuzix to Showcase the Broad Functionality AI Brings to its Industry Leading AR Smart Glasses at CES 2024 • PR Newswire (US) • 01/04/2024 07:30:00 PM
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