MILPITAS, Calif.,
June 19, 2017 /PRNewswire/ -- Aviat
Networks, Inc. (NASDAQ: AVNW), the leading expert in microwave
networking solutions, today announced that the Company is set to
join the Russell Microcap Index at the conclusion of the Russell
indexes annual reconstitution, effective after the US market opens
on June 26, according to a
preliminary list of additions posted June
9.
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.
"Our addition to the Russell Microcap Index is a testament to
the progress we have made in building shareholder value and we
believe, will help expand awareness of our Company and lead to
greater liquidity for our shares," states Michael Pangia, president and CEO, Aviat
Networks.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $8.4 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 indexes reconstitution,
please visit the FTSE Russell website.
About Aviat
Networks
Aviat Networks, Inc. works to provide dependable products,
services and support to our customers. With more than one million
systems sold into 170 countries worldwide, communications service
providers and private network operators including state/local
government, utility, federal government and defense organizations
trust Aviat with their critical applications. Coupled with a long
history of microwave innovations, Aviat provides a comprehensive
suite of localized professional and support services enabling
customers to drastically simplify both their networks and their
lives. For more than 70 years, the experts at Aviat have delivered
high performance products, simplified operations, and the best
overall customer experience. Aviat Networks is headquartered in
Milpitas, California. For more
information, visit
www.aviatnetworks.com or connect
with Aviat Networks on
Twitter,
Facebook and
LinkedIn.
About FTSE Russell:
FTSE Russell is a leading global index provider creating
and managing a wide range of indexes, data and analytic solutions
to meet client needs across asset classes, style and strategies.
Covering 98% of the investable market, FTSE Russell indexes offer a
true picture of global markets, combined with the specialist
knowledge gained from developing local benchmarks around the
world.
FTSE Russell index expertise and products are used
extensively by institutional and retail investors globally.
Approximately $12.5 trillion is
currently benchmarked to FTSE Russell indexes. For over 30 years,
leading asset owners, asset managers, ETF providers and investment
banks have chosen FTSE Russell indexes to benchmark their
investment performance and create investment funds, ETFs,
structured products and index-based derivatives. FTSE Russell
indexes also provide clients with tools for asset allocation,
investment strategy analysis and risk management.
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 index innovation and
customer partnership applying the highest industry standards and
embracing the IOSCO Principles. FTSE Russell is wholly owned by
London Stock Exchange Group.
For more information, visit
www.ftserussell.com
Media Contact: Gary Croke, Aviat Networks, Inc.,
gary.croke@aviatnet.com
Investor Contact: Glenn Wiener, GW Communications,
gwiener@GWCco.com
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SOURCE Aviat Networks