Arcimoto Joins the Russell Microcap Index
June 25 2018 - 8:31AM
Business Wire
Arcimoto, Inc.® (NASDAQ: FUV) — makers of the Fun Utility
Vehicle® (FUV®) — an affordable, practical, and thrilling pure
electric vehicle for everyday commuters and fleets, today announced
that the company’s common stock was added to the Russell Microcap
Index after the market closed on June 22, 2018.
Arcimoto’s stated goal is to catalyze the shift to a sustainable
transportation future through the design and manufacture of
affordable, everyday use electric vehicles for both consumer and
fleet markets.
The Russell Microcap Index is a capitalization weighted index
which measures the performance of up to 2,000 leading microcap
company stocks in the United States. FTSE Russell, a leading global
index provider, determines membership for its equity indices
primarily by objective, market-capitalization rankings and style
attributes.
Indexes provided by FTSE Russell are widely used by investment
professionals for index funds and as benchmarks for investment
strategies. Approximately $16 trillion in assets are currently
benchmarked to FTSE Russell Indexes.
Market analysis on the Russell Indexes is available at
https://www.ftserussell.com/research-insights/russell-reconstitution.
About Arcimoto
Headquartered and manufactured in Eugene, Oregon, Arcimoto, Inc.
(NASDAQ: FUV) is devising new technologies and patterns of mobility
that together raise the bar for environmental efficiency, footprint
and affordability. Available for pre-order today with a target base
model purchase price of approximately $11,900, Arcimoto’s Fun
Utility Vehicle is one of the lightest, most affordable, and most
appropriate electric vehicles suitable for the daily driver. For
more information please visit www.arcimoto.com.
Safe Harbor / Forward-Looking Statements
Except for historical information, all of the statements,
expectations, and assumptions contained in this press release are
forward-looking statements. Forward-looking statements include, but
are not limited to, statements that express our intentions,
beliefs, expectations, strategies, predictions or any other
statements relating to our future activities or other future events
or conditions. These statements are based on current expectations,
estimates and projections about our business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and are likely to, differ materially from
what is expressed or forecasted in the forward-looking statements
due to numerous factors discussed from time to time in documents
which we file with the SEC. In addition, such statements could be
affected by risks and uncertainties related to, among other things:
fluctuations in our financial results; our ability to effectively
execute on our growth strategy; our ability to design, manufacture
and market vehicle models within projected timeframes; our
dependence on suppliers; the number of reservations and
cancellations for our vehicles and the ability to deliver on those
reservations; our reliance on key personnel; our ability to manage
the distribution channels for our products, including our ability
to successfully implement our direct to consumer distribution
strategy and any additional distribution strategies we may deem
appropriate; changes in consumer demand for, and acceptance of, our
products; changes in the competitive environment, including
adoption of technologies and products that compete with our
products; the overall strength and stability of general economic
conditions and of the automotive industry more specifically; and
changes in laws or regulations governing our business and
operations. Any forward-looking statements speak only as of the
date on which they are made, and except as may be required under
applicable securities laws, we do not undertake any obligation to
update any forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20180625005550/en/
Investor Relations Contact:MZ Group – MZ North
AmericaGreg Falesnik, 949-385-6449Managing
DirectorFUV@mzgroup.uswww.mzgroup.usorPublic Relations
Contact:Skyya CommunicationsSusan Donahue, 646-454-9378Managing
DirectorFUV@skyya.comwww.skyya.com
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