Atomera Added to Membership of Russell 2000® and 3000® Indexes

Rhea-AI Summary

Atomera Incorporated (NASDAQ: ATOM) has been included in the Russell 2000® and 3000® Indexes, effective June 29, 2020, as part of the annual reconstitution of Russell indexes that captures the top 4,000 US stocks by market capitalization. This membership provides automatic inclusion in both the large-cap and small-cap Russell indexes for a year. Being part of these indexes is significant for investment managers and institutional investors, who use them for benchmarking their investment strategies. Approximately $9 trillion in assets are benchmarked against Russell’s US indexes.

Positive

• Inclusion in Russell 2000® and 3000® Indexes enhances visibility and credibility among investors.
• Membership could attract more institutional investment due to Russell's broad usage for benchmarking.

Negative

• None.

LOS GATOS, Calif., June 30, 2020 (GLOBE NEWSWIRE) -- Atomera Incorporated (NASDAQ: ATOM), a semiconductor materials and intellectual property licensing company focused on deploying its proprietary technology into the semiconductor industry, has been added as a member of the broad-market Russell 2000® and 3000® Indexes, effective after the US market opened on June 29, as part of the 2020 Russell indexes reconstitution.

Annual reconstitution of the Russell indexes captures the 4,000 largest US stocks as of May 8, 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 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 $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 2000® and 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Atomera Incorporated
Atomera Incorporated has developed Mears Silicon Technology™ ("MST^®"), which increases performance and power efficiency in semiconductor transistors. MST can be implemented using equipment already deployed in semiconductor manufacturing facilities and is complementary to other nano­scaling technologies already in the semiconductor industry roadmap.

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

Investor Contact:
Bishop IR
Mike Bishop
(415) 894-9633
investor@atomera.com

FAQ

When did Atomera get added to the Russell 2000 and 3000 Indexes?

Atomera was added to the Russell 2000 and 3000 Indexes effective June 29, 2020.

What benefits does inclusion in the Russell indexes provide for ATOM?

Inclusion in the Russell indexes enhances visibility and could attract institutional investments, as these indexes are widely used for benchmarking by investment managers.

What are the Russell 2000 and 3000 Indexes?

The Russell 2000 Index comprises the smallest 2,000 stocks in the Russell 3000 Index, which includes the top 3,000 stocks in the U.S. ranked by market capitalization.

How much assets are benchmarked against Russell's indexes?

Approximately $9 trillion in assets are benchmarked against Russell’s U.S. indexes.