ALPHA PRO TECH, LTD. SET TO JOIN RUSSELL 3000® AND RUSSELL 2000® INDEXES
June 25 2020 - 9:00AM
Alpha Pro Tech, Ltd. (NYSE American: APT), a leading
manufacturer of products designed to protect people, products and
environments, including disposable protective apparel and building
products, announced today that the Company is set to join the
broad-market Russell 3000® and Russell 2000® Indexes at the
conclusion of the 2020 Russell indexes annual reconstitution,
effective after the US equity market opens on June 29, 2020,
according to a preliminary list of additions posted on June 5,
2020. The Company is currently included in the Russell Microcap®
Index.
The 2020 reconstitution of the Russell indexes
captures the 4,000 largest US stocks as of May 8, 2020, ranking
them by total market capitalization. Membership in the US all-cap
Russell 3000® Index, which remains in place for one year, means
automatic inclusion in the 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.
Lloyd Hoffman, President and Chief Executive
Officer of Alpha Pro Tech, commented, “Moving up from the Russell
Microcap® Index to the widely referenced small-cap indexes reflects
the significant growth and improving financial performance that we
have delivered over the past year. We welcome the increased
visibility that the move will provide and look forward to
communicating our story to a broader audience of investors.”
The Russell indexes are widely used by
investment managers and institutional investors for index funds and
as benchmarks for active investment strategies. Approximately $9
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 indexes and
the Russell indexes annual reconstitution, visit the “Russell
Reconstitution” section of the FTSE Russell website.
About Alpha Pro Tech, Ltd.
Alpha Pro Tech, Ltd. is the parent company of
Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc.
Alpha Pro Tech, Inc. develops, manufactures and markets innovative
disposable and limited-use protective apparel products for the
industrial, clean room, medical and dental markets. Alpha ProTech
Engineered Products, Inc. manufactures and markets a line of
construction weatherization products, including building wrap and
roof underlayment. The Company has manufacturing facilities in Salt
Lake City, Utah; Nogales, Arizona; Valdosta, Georgia; and a joint
venture in India. For more information and copies of all news
releases and financials, visit Alpha Pro Tech’s website at
http://www.alphaprotech.com.
About FTSE Russell
FTSE Russell is a leading global index provider
creating and managing a wide range of indexes, data and analytic
solutions to meet client needs across asset classes, style and
strategies. Covering 98% of the investable market, FTSE Russell
indexes offer a true picture of global markets, combined with the
specialist knowledge gained from developing local benchmarks around
the world. FTSE Russell index expertise and products are used
extensively by institutional and retail investors globally.
Approximately $16 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 investment
funds, ETFs, structured products and index-based derivatives. FTSE
Russell indexes also provide clients with tools for asset
allocation, investment strategy analysis and risk management. 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 index innovation and customer partnership
applying the highest industry standards and embracing the IOSCO
Principles. FTSE Russell is wholly owned by London Stock Exchange
Group. For more information, visit www.ftserussell.com.
Certain statements made in this press release constitute
“forward-looking statements” within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include any statement that may predict,
forecast, indicate or imply future results, performance or
achievements instead of historical facts and may be identified
generally by the use of forward-looking terminology and words such
as “expects,” “anticipates,” “estimates,” “believes,” “predicts,”
“intends,” “plans,” “potentially,” “may,” “continue,” “should,”
“will” and words of similar meaning. Without limiting the
generality of the preceding statement, all statements in this press
release relating to estimated and projected earnings, expectations
regarding timing of fulfillment of orders, production capacity and
our plans to ramp up production and expand capacity, product
demand, margins, costs, expenditures, cash flows, sources of
capital, growth rates and future financial and operating results
are forward-looking statements. We caution investors that any such
forward-looking statements are only estimates based on current
information and involve risks and uncertainties that may cause
actual results to differ materially from the results contained in
the forward-looking statements. We cannot give assurances that any
such statements will prove to be correct. Factors that could cause
actual results to differ materially from those estimated by us
include the risks, uncertainties and assumptions described from
time to time in our public releases and reports filed with the
Securities and Exchange Commission, including, but not limited to,
our most recent Annual Report on Form 10-K. Specifically, these
factors include, but are not limited to, changes in global economic
conditions; the effects of the COVID-19 pandemic on our business
and operations, the business and operations of those within our
supply chain and global economic conditions generally; changes in
order volume by our customers; the inability of our suppliers and
contractors to meet our requirements; potential challenges related
to international manufacturing; our partnership with a joint
venture partner; the inability to protect our intellectual
property; competition in our industry; customer preferences; the
timing and market acceptance of new product offerings; security
breaches or disruptions to the information technology
infrastructure; the impact of legal and regulatory proceedings or
compliance challenges; and volatility in our common stock price and
our investments. We also caution investors that the
forward-looking information described herein represents our outlook
only as of this date, and we undertake no obligation to update or
revise any forward-looking statements to reflect events or
developments after the date of this press release. Given these
uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual results.
###
Company Contact: Investor Relations Contact:
Alpha Pro Tech, Ltd. Hayden IR
Donna Millar Cameron Donahue
905-479-0654 651-653-1854
e-mail: ir@alphaprotech.com e-mail: cameron@haydenir.com
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