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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
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 12:17:30 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 12:15:40 AM
- Leading Asian Hospitals Use Vuzix (NASDAQ:VUZI) Smart Glasses to Enable Next Generation Surgical Instruction • PR Newswire (US) • 07/01/2024 01:30:00 PM
- Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Full Color Optical Reference Design for AI-Enabled Consumer Smart Glasses • PR Newswire (US) • 06/20/2024 02:45:00 PM
- Vuzix (NASDAQ:VUZI) and Avegant Announce Strategic Partnership to Develop Optimized Optical Modules for AI-Enabled Smart Glasses • PR Newswire (US) • 06/19/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 08:10:05 PM
- Vuzix (NASDAQ: VUZI) Announces Its Intention to Offer High Durability Plastic Waveguide Design and Production Capabilities • PR Newswire (US) • 06/18/2024 01:35:00 PM
- Vuzix (NASDAQ:VUZI) Revolutionizes the Display Technology Industry with Introduction of Large Format Waveguide Design and Manufacturing • PR Newswire (US) • 06/13/2024 01:31:00 PM
- Vuzix (NASDAQ: VUZI) Continues to Receive Smart Glasses Reorders from Xander to Meet Rising Demand for Their Award-Winning Captioning Glasses for the Hard of Hearing • PR Newswire (US) • 06/10/2024 01:31:00 PM
- Vuzix Annual Shareholder Meeting to Be Held on June 13, 2024 • PR Newswire (US) • 06/04/2024 03:45:00 PM
- U.S. Air Force Agency Awards Vuzix (NASDAQ:VUZI) Development Contract for Augmented Reality Head Mounted Displays • PR Newswire (US) • 06/03/2024 01:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 06:59:02 PM
- Garmin Collaborates with Vuzix to Develop Next Generation Nano-Imprinted Waveguide with microLED based Display Systems • PR Newswire (US) • 05/14/2024 01:30:00 PM
- Vuzix to Bring New Low Cost, Full Color Waveguides to Display Week 2024 • PR Newswire (US) • 05/10/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:01:47 PM
- Vuzix Reports First Quarter 2024 Results • PR Newswire (Canada) • 05/09/2024 08:01:00 PM
- Vuzix Reports First Quarter 2024 Results • PR Newswire (US) • 05/09/2024 08:01:00 PM
- U.S. Index Futures Dip, Bank of England Holds Interest Rates at 5.25% • IH Market News • 05/09/2024 11:47:20 AM
- Vuzix Schedules Conference Call to Discuss First Quarter 2024 Financial Results and Business Update • PR Newswire (US) • 05/02/2024 03:30:00 PM
- Significant Productivity Improvements Achieved for Client Using Vuzix Smart Glasses • PR Newswire (US) • 04/24/2024 12:30:00 PM
- 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 (Canada) • 04/15/2024 08:15:00 PM
- Vuzix Reports 4Q and Full Year 2023 Results • PR Newswire (US) • 04/15/2024 08:15:00 PM
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