AgEagle™ Aerial Systems Set to Join Russell 3000® Index
June 22 2021 - 8:30AM
AgEagle™ Aerial Systems Inc. (NYSE American: UAVS)
(“AgEagle” or the “Company”), an industry leading drone solutions
provider, today announced that it expects to join the broad market
Russell 3000® Index at the conclusion of the 2021 Russell Indexes
annual reconstitution, effective after the U.S. market close on
June 25, 2021, according to the most recent
preliminary
list of additions posted June 18, 2021 by FTSE Russell.
Brandon Torres Declet, Chief Executive Officer
of AgEagle, stated, “We are very pleased with the prospect of being
added to the Russell 3000 Index, which will mark an exciting
milestone for our Company – one that should help raise greater
awareness of AgEagle in the institutional investment
community.”
Annual Russell indexes reconstitution captures
the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by
total market capitalization. Membership in the U.S. all-cap
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.
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 U.S.
indexes. Russell indexes are part of FTSE Russell, a leading
global index provider. For more information on the Russell
U.S. indexes and the Russell indexes reconstitution, please visit
www.ftserussell.com.
About AgEagle Aerial Systems
Inc.Founded in 2010, AgEagle is one of the nation’s
leading commercial drone technology providers. AgEagle’s mission is
to empower The Drone Age™ by providing American-made, scalable
drone solutions to the world. The Company is leveraging its
reputation as one of the industry’s premium technology solutions
and aerial data intelligence providers to deliver high performance,
end-to-end drone solutions to commercial markets. AgEagle products
are proudly manufactured and assembled in the United States. For
additional information, please visit our websites at
www.ageagle.com, www.measure.com and
www.micasense.com.
Forward-Looking StatementsThis
press release may contain “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such statements involve
risks and uncertainties that could negatively affect our business,
operating results, financial condition and stock price. Factors
that could cause actual results to differ materially from
management’s current expectations include those risks and
uncertainties relating to our competitive position, the industry
environment, potential growth opportunities, and the effects of
regulation and events outside of our control, such as natural
disasters, wars or health epidemics. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions or circumstances on which any such statement is based,
except as required by law.
AgEagle Aerial Systems
Contacts:
Investor Relations: |
Media: |
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Gateway Investor Relations |
Clarity PR |
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Matt Glover or Cody Cree |
Monica Feig |
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Phone: 949-574-3860 |
Phone: 818-917-0770 |
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Email: UAVS@gatewayIR.com |
Email: ageagle@clarity.pr |
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