Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the
“Company”), a leading Infrastructure and Environmental solutions
provider, has been added as a member of the broad-market Russell
3000® Index, effective after the US market opens today and as part
of the 2021 Russell indexes reconstitution.
Annual reconstitution of the Russell indexes captures the 4,000
largest US stocks as of May 7, ranking them by total market
capitalization. Membership in the 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 very pleased that Atlas has joined the
Russell 3000® index. Being included in the index reflects the
tremendous progress we have made in creating shareholder value by
delivering on significant milestones, including organic growth,
accretive acquisitions, and optimization of our capital structure,”
said L. Joe Boyer, CEO of Atlas. “I am proud of our team’s efforts
and look forward to raising investor awareness of Atlas’s corporate
mission and objective of assuring our communities that we are
improving the infrastructure and environmental assets they depend
on.”
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.
About Atlas Technical
Consultants
Headquartered in Austin, Texas, Atlas is a
leading provider of Environmental (ENV), Testing, Inspection &
Certification (TIC), Engineering & Design (E&D), and
Program, Construction, and Quality Management (PCQM) services.
Under the name Atlas Technical Consultants, we offer solutions to
public and private sector clients in the transportation,
commercial, water, government, education, and industrial markets.
With approximately 3,500 employees and a nationwide footprint,
Atlas provides a broad range of mission-critical technical
services, helping clients test, inspect, certify, plan, design, and
manage a wide variety of projects across diverse end markets. For
more information, go to https://www.oneatlas.com.
Forward-Looking Statements
The statements contained in this press release
that are not purely historical are forward-looking statements. Our
forward-looking statements include, but are not limited to,
statements regarding our or our management team’s expectations,
hopes, beliefs, intentions or strategies regarding the future. The
information included in this press release in relation to Atlas has
been provided by Atlas and its management team, and forward-looking
statements include statements relating to Atlas’ management team’s
expectations, hopes, beliefs, intentions or strategies regarding
the future. In addition, any statements that refer to projections,
forecasts or other characterizations of future events or
circumstances, including any underlying assumptions, are
forward-looking statements. The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intends,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. The forward-looking
statements contained in this press release are based on our current
expectations and beliefs concerning future developments and their
potential effects on us and are based on management’s experience
and perception of historical trends, current conditions,
anticipated future developments and other factors believed to be
appropriate. There can be no assurance that future developments
affecting us will be those that we have anticipated. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond our control) or other assumptions that
may cause actual results or performance to be materially different
from those expressed or implied by these forward-looking
statements. These risks and uncertainties include, but are not
limited to: (1) the effect, impact, potential duration or other
implications of the COVID-19 pandemic and any expectations we may
have with respect thereto; (2) the risk that our actual results may
differ from the guidance we have provided; (3) the ability to
recognize the anticipated benefits of our past acquisitions, which
may be affected by, among other things, competition, the ability of
the Company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain management
and key employees; (4) changes adversely affecting the business in
which we are engaged; (5) changes in applicable laws or
regulations; (6) the possibility that the Company may be adversely
affected by other economic, business, and/or competitive factors;
and (7) other risks and uncertainties indicated from time to time
in the Company’s filings with the U.S. Securities and Exchange
Commission, including those under “Risk Factors” therein.
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.
Contacts:
MediaKarlene
Barron770-314-5270karlene.barron@oneatlas.com
Investor Relations
512-851-1507ir@oneatlas.com
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