Intellicheck Set to Join the Russell 3000® and Russell 2000® Indexes
June 16 2020 - 8:13AM
Business Wire
Intellicheck (Nasdaq: IDN), an industry leader in identification
authentication solutions, today announced that the Company is set
to join the broad-market Russell 3000 and Russell 2000 Index at the
conclusion of the 2020 Russell indexes annual reconstitution,
effective after the U.S. stock market opens on June 29, 2020, based
on a preliminary list of additions, which is subject to change,
made public on June 5, 2020.
Intellicheck CEO Bryan Lewis says inclusion in the Russell 3000
and Russell 2000 Index is further validation of the progress the
Company has made. “We believe that inclusion in these indexes
speaks to the substantial progress we have made over the past year.
This latest milestone further validates our invigorated strategic
approach that has driven product adoption across multiple market
verticals.”
Lewis noted he expects the demand for the company’s innovative
technology solutions to continue to rise. “Identity theft and fraud
continue at a record pace that has been further magnified by the
pandemic. It is a massive pain point with costly repercussions. I
believe the ongoing and growing need for proven technology
solutions will continue to drive adoption and I couldn’t be more
excited about what is yet to come.”
Annual Russell U.S. Indexes reconstitution captures the 4,000
largest US stocks as of May 11, ranking them by total market
capitalization. Membership in the 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 U.S. Indexes primarily by objective,
market-capitalization rankings and style attributes.
Russell U.S. Indexes are widely used by investment managers and
institutional investors as the basis for index funds and as
benchmarks for active investment strategies. Approximately $9
trillion in assets are benchmarked against Russell US Indexes.
Russell US Indexes are part of FTSE Russell, a leading global index
provider.
Intellicheck’s real-time authentication technology solutions
have proven more than 99% effective in stopping identity theft and
fraud and prevent underage access to age-restricted venues and
products including alcohol, cannabis, vaping and traditional
tobacco products in brick-and-mortar and mobile settings. The
company’s state-of-the-art technology solutions protect many of the
nation’s financial services companies as well as credit card
issuers, payment providers, more than 23,000 retail locations
representing the most prominent national and community-based retail
brands, restaurants, automotive dealers, health care providers, law
enforcement agencies and members of the U.S. military.
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.
About Intellicheck
Intellicheck (Nasdaq: IDN) is a trusted industry leader in
technology solutions that stop identity theft and fraud with
real-time identification authentication and age verification. We
make it possible for our clients to increase revenues, improve
customer service, and increase operational efficiencies. The
company is focused on partnering with banks, credit card issuers
and retailers to prevent fraud. Intellicheck also serves law
enforcement agencies, national defense clients and diverse state
and federal government agencies. For more information on
Intellicheck, visit us on the web and follow us on LinkedIn,
Twitter, Facebook, and YouTube.
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