SKYX Set to Join Russell
2000®
and Russell
3000®
Indexes
MIAMI, FL - May 23, 2023 --
InvestorsHub NewsWire -- SKYX Platforms
Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies") SKYX, a highly
disruptive platform technology company with over 60 issued and
pending patents globally with a mission to make homes and buildings
become safe and smart as the new standard, today announced that it
is set to join the broad-market Russell 2000® and Russell
3000®
Indexes at the conclusion of the 2023 Russell indexes annual
reconstitution, effective after the US market opens on June 26,
2023 according to a preliminary list of additions posted by Russell
on May 19, 2023.
The annual reconstitution process for the Russell indexes captures
the 4,000 largest US stocks as of April 28, 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 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 $12.1 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 3000® Index and the
Russell indexes reconstitution, go to the "Russell Reconstitution"
section on the FTSE Russell
website.
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 $20.1
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.
About SKYX Platforms
Corp.
As electricity is a standard in every home and building, our
mission is to make homes and buildings become safe-advanced and
smart as the standard.
SKYX Platforms Corp. (NASDAQ:SKYX) has a series of highly disruptive
advanced-safe-smart platform technologies, with over 60 U.S. and
global patents and patent pending applications. Our technologies
place an emphasis on high quality and ease of use, while
significantly enhancing both safety and lifestyle in homes and
buildings. We believe that our products are a necessity in every
room in both homes and other buildings in the U.S. and globally.
For more information, please visit our website at https://SKYXPlatforms.com
or follow us on LinkedIn.
Cautionary Statement Concerning
Forward-Looking Statements
Certain statements made in this press release are not based on
historical facts, but are forward-looking statements. These
statements can be identified by the use of forward-looking
terminology such as "aim," "anticipate," "believe," "can," "could,"
"continue," "estimate," "expect," "evaluate," "forecast,"
"guidance," "intend," "likely," "may," "might," "objective,"
"ongoing," "outlook," "plan," "potential," "predict," "probable,"
"project," "seek," "should," "target" "view," "will," or "would,"
or the negative thereof or other variations thereon or comparable
terminology, although not all forward-looking statements contain
these words. These statements reflect the Company's reasonable
judgment with respect to future events and are subject to risks,
uncertainties and other factors, many of which have outcomes
difficult to predict and may be outside our control, that could
cause actual results or outcomes to differ materially from those in
the forward-looking statements. Such risks and uncertainties
include statements relating to the Company's ability to
successfully launch, commercialize, develop additional features and
achieve market acceptance of its smart products and technologies,
including commencement of presales, the Company's efforts and
ability to drive the adoption of Sky's Smart Platforms into homes,
buildings, cruise ships and communities and adoption by hotels,
builders and architects, ability to capture market share, ability
to execute on any sales and licensing opportunities, ability to
achieve code mandatory status for the SkyPlug, risks arising from
mergers and acquisitions, and other risks and uncertainties
described in the Company's filings with the Securities and Exchange
Commission, including its periodic reports on Form 10-K and Form
10-Q. Any forward-looking statement speaks only as of the date of
this press release, and the Company undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by U.S. federal securities laws.
Media Relations
Contacts:
Britney Ouzts/Barbara Goldberg
O'Connell & Goldberg, Inc.
(754) 204-7074 / (954) 294-4677
bouzts@oandgpr.com
/ bgoldberg@oandgpr.com
Investor Relations
Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987
SKYX@mzgroup.us