Wireless Telecom Group Set to Join Russell Microcap® Index
June 09 2021 - 4:29PM
Wireless Telecom Group (NYSE American: WTT) is set to join the
Russell Microcap® 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.
Tim Whelan, CEO of Wireless Telecom Group, Inc.
stated, “We are pleased that Wireless Telecom Group has been
selected for inclusion in the Russell Microcap index. We believe
this validates our strategies focused on revenue and profit growth
and will contribute to creating sustainable value for our
shareholders. In addition, we expect joining the Russell Microcap
index will increase visibility and improve investor awareness of
Wireless Telecom Group.”
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.
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 Microcap®
Index and the Russell indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
About Wireless Telecom Group
Wireless Telecom Group, Inc.,
comprised of Boonton, CommAgility, Holzworth, Microlab, and
Noisecom, is a global designer and manufacturer of advanced RF and
microwave components, modules, systems, and instruments. Serving
the wireless, telecommunication, satellite, military, aerospace,
semiconductor, and medical industries, Wireless Telecom Group
products enable innovation across existing and emerging wireless
technologies. With a product portfolio including peak power meters,
signal generators, phase noise analyzers, signal processing
modules, LTE PHY/stack software, power splitters and combiners, GPS
repeaters, public safety components, noise sources, and
programmable noise generators, Wireless Telecom Group supports the
development, testing, and deployment of wireless technologies
around the globe.
Wireless Telecom Group, Inc.’s website address
is wirelesstelecomgroup.com. Except for historical information, the
matters discussed in this news release may be considered
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements
include the expectation that inclusion in the Russell MicroCap
index will increase visibility and improve investor awareness.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve a
number of risks and uncertainties that could materially affect
actual results. Such risks and uncertainties are identified in the
Company's reports and registration statements filed with the
Securities and Exchange Commission, including its Annual Report on
Form 10-K for the year ended December 31,
2020.
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
70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are
used extensively by institutional and retail investors globally.
Approximately $17.9 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 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 and embraces the
IOSCO Principles. FTSE Russell is also focused on index innovation
and customer partnerships 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.
Investor ContactMike Kandell:
+1 (973) 386-9696SM Berger & Company: +1 (216) 464-6400
Marketing ContactMaria Droge:
+1 (973) 386-9696Wireless Telecom Group Inc.25 Eastmans
RoadParsippany, NJ 07054Tel: (973) 386-9696
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