SAN MATEO, Calif., July 2, 2019 /PRNewswire/ -- Sonim
Technologies, Inc. (Nasdaq: SONM), a leading U.S.
provider of ultra-rugged mobility solutions designed specifically
for task workers physically engaged in their work environments, was
added to the broad-market Russell 3000® Index at the conclusion of
the annual reconstitution of Russell indexes effective after the
U.S. market opened on July 1
according to the FTSE Russell website.
"Joining the Russell 3000 Index represents another important
milestone for Sonim that follows our successful IPO in May," said
Bob Plaschke, Sonim Chief Executive
Officer. "We anticipate that our inclusion in the index will
increase awareness of our company and our solutions, and we look
forward to the benefits that additional awareness will have on our
company."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $8.6 trillion in assets are benchmarked against
the Russell U.S. 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, please go to the Russell Reconstitution
section on the FTSE Russell website.
About Sonim Technologies, Inc.
Sonim Technologies is a
leading U.S. provider of ultra-rugged mobility solutions designed
specifically for task workers physically engaged in their work
environments, often in mission-critical roles. The Sonim solution
includes ultra-rugged mobile phones, a suite of industrial-grade
accessories, and data and workflow applications which are
collectively designed to increase worker productivity,
communication and safety on the job site. For more information,
visit www.sonimtech.com.
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SOURCE Sonim Technologies, Inc.