KULR Set to Join Russell Microcap® Index
June 06 2022 - 6:45AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a leading developer of next-generation
lithium-ion battery safety and thermal management technologies, is
set to join the Russell Microcap® Index at the conclusion of the
2022 Russell indexes annual reconstitution, effective after the US
market opens on June 27, according to a preliminary list of
additions posted June 3.
Membership in the Russell Microcap® Index, which remains in
place for one year, means automatic inclusion in 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 look
forward to joining the well-known Russell Microcap® Index, as it
will enhance our equity profile and support our efforts in
expanding our existing base of institutional investors,” said KULR
CEO Michael Mo. “As we just pass the year mark from uplisting to
the NYSE, it is truly an honor to be on track to achieve another
encouraging milestone in our company’s history. With several
exciting initiatives brewing in the pipeline, we look forward to
further sharing the KULR story to the broader investment
community.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 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 Microcap® Index and the
Russell indexes reconstitution, go to the “Russell Reconstitution”
section on the FTSE Russell website.About KULR Technology
Group Inc. KULR Technology Group Inc. (NYSE American:
KULR) develops, manufactures and licenses next-generation carbon
fiber thermal management technologies for batteries and electronic
systems. Leveraging the company’s roots in developing breakthrough
cooling solutions for NASA space missions and backed by a strong
intellectual property portfolio, KULR enables leading aerospace,
electronics, energy storage, 5G infrastructure, and electric
vehicle manufacturers to make their products cooler, lighter and
safer for the consumer. For more information, please
visit www.KULRTechnology.com. 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 $20
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.Safe
Harbor StatementThis release does not constitute an offer
to sell or a solicitation of offers to buy any securities of any
entity. This release contains certain forward-looking statements
based on our current expectations, forecasts and assumptions that
involve risks and uncertainties. Forward-looking statements in this
release are based on information available to us as of the date
hereof. Our actual results may differ materially from those stated
or implied in such forward-looking statements, due to risks and
uncertainties associated with our business, which include the risk
factors disclosed in our Form 10-K filed with the Securities and
Exchange Commission on March 28, 2022. Forward-looking statements
include statements regarding our expectations, beliefs, intentions,
or strategies regarding the future and can be identified by
forward-looking words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "should," and "would" or
similar words. All forecasts are provided by management in this
release are based on information available at this time and
management expects that internal projections and expectations may
change over time. In addition, the forecasts are entirely on
management’s best estimate of our future financial performance
given our current contracts, current backlog of opportunities and
conversations with new and existing customers about our products
and services. We assume no obligation to update the information
included in this press release, whether as a result of new
information, future events or otherwise.Media
Relations:Annika HarperThe Antenna
GroupKULR@antennagroup.comInvestor Relations:Tom
Colton or Matt Glover Gateway Investor RelationsMain: (949)
574-3860 KULR@gatewayir.com
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