NeoVolta, Solar Battery Manufacturer, Slated to Join Russell Microcap® Index
June 13 2023 - 8:45AM
NeoVolta (NASDAQ: NEOV), a solar battery manufacturer and developer
of smart residential energy storage solutions, will join the
Russell Microcap® Index following the 2023 Russell indexes annual
reconstitution, which takes effect once the U.S. market opens on
June 26, 2023.
Membership in the Russell Microcap® Index, which is a one-year
term, allows for automatic inclusion in relevant growth and
value-style indexes.
FTSE Russell determines membership for its indexes based on
objective market capitalization rankings and style attributes, and
serves as the benchmark for approximately $16 trillion in assets.
Investment managers and institutional investors heavily rely on
Russell indexes as benchmarks for their investment strategies.
“We’re honored to join the Russell Microcap® Index this year,
one of the most esteemed performance benchmarks for emerging U.S.
companies,” says Brent Willson, CEO of NeoVolta. “We were
listed on the NASDAQ just last year, so we see this as a testament
to NeoVolta’s growing presence in the solar and energy storage
markets.”
Being included in the Russell Microcap® Index is a significant
milestone for NeoVolta. It highlights the market’s recognition of
the company’s growth in the solar energy storage industry, serving
to enhance NeoVolta’s presence and authority within the broader
energy landscape.
About NeoVoltaNeoVolta designs, develops, and
manufactures advanced energy storage systems for both residential
and industrial use. Its storage solutions are engineered with
lithium iron phosphate (LiFe(PO4)) battery chemistry, which is
clean, nontoxic, and nonflammable. The residential-focused NeoVolta
NV14 is equipped with a solar-rechargeable 14.4 kWh battery system,
a 7,680-Watt inverter, and a web-based energy management system
with 24/7 monitoring. The system’s 6,000-cycle battery life, one of
the longest on the market, translates to 16.5 years of useful life,
based on a full charge, and discharge each day. The NV14 has passed
the product safety standards set forth by Underwriters Laboratories
(UL) for battery energy storage safety testing.About FTSE
RussellFTSE Russell is an international index leader
providing benchmarking, analytics, and data solutions for investors
across the globe. It calculates thousands of indexes which measure
and benchmark markets and asset classes in over 70 different
countries, covering 98% of the investable market globally. For over
30 years, high-level asset owners, managers, ETF providers, and
investment banks have trusted FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products,
and index-based derivatives.
For more information visit:
http://www.NeoVolta.com email us:
IR@NeoVolta.com or call us:
858-239-2029
Forward-Looking Statements:
Some of the statements in this release are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934 and the
Private Securities Litigation Reform Act of 1995, which involve
risks and uncertainties. Forward-looking statements in this press
release include, without limitation, the future performance,
reliability and safety of NeoVolta’s NV14 storage system and the
ability of the NV14 to be successfully integrated with residential
backup generators. Although NeoVolta believes that the expectations
reflected in such forward-looking statements are reasonable as of
the date made, expectations may prove to have been materially
different from the results expressed or implied by such
forward-looking statements. NeoVolta has attempted to identify
forward-looking statements by terminology including ''believes,''
''estimates,'' ''anticipates,'' ''expects,'' ''plans,''
''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,''
''might,'' ''will,'' ''should,'' ''approximately'' or other words
that convey uncertainty of future events or outcomes to identify
these forward-looking statements. These statements are only
predictions and involve known and unknown risks, uncertainties, and
other factors, including those discussed under the "Risk Factors"
section of NeoVolta’s Form 1-A filing filed with the Securities and
Exchange Commission ("SEC") and updated from time to time in its
other public filings with the SEC. Any forward-looking statements
contained in this release speak only as of its date. NeoVolta
undertakes no obligation to update any forward-looking statements
contained in this release to reflect events or circumstances
occurring after its date or to reflect the occurrence of
unanticipated events.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c8064f66-1a9d-43e4-b3b0-d15b180a5fa2
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