Crown Electrokinetics Announces Inclusion in Russell Microcap® Index
Crown Electrokinetics Corp. (Nasdaq: CRKN) announced its inclusion in the Russell Microcap® Index, effective June 28, 2021. This membership signals recognition of the company's progress in growth, including a successful Nasdaq listing and advancements in its IP portfolio and DynamicTint™ technology. The Russell Microcap® Index, which benchmarks around $10.6 trillion in assets, aids in broadening Crown's investor base and enhancing shareholder value. The company focuses on innovative smart glass technology geared towards sustainability and efficiency.
- Inclusion in the Russell Microcap® Index enhances visibility to institutional investors.
- Successful Nasdaq listing in 2021 indicates strong growth trajectory.
- Advancements in the IP portfolio and commercializing DynamicTint™ technology demonstrate innovation.
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CORVALLIS, Ore., June 8, 2021 /PRNewswire/ -- Crown Electrokinetics Corp. (Nasdaq: CRKN) ("Crown" or the "Company"), a leading smart glass technology company that has developed and is commercializing patented thin-film solutions, today announced that it will be included in the Russell Microcap® Index effective after the U.S. market opens on June 28, 2021.
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 are pleased to be included in the Russell Microcap® Index as recognition of the positive results yielded from our growth efforts. In 2021 so far, we successfully listed on the Nasdaq, strengthened our IP portfolio of electrokinetic technology and made significant progress in the path towards commercializing DynamicTint™, our pigment-based thin-film technology," said Crown Electrokinetics Chairman & CEO, Doug Croxall. "Our inclusion in this year's FTSE Russell Microcap® Index is another step toward expanding our investor audience and establishing a strong foundation in building shareholder value."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
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 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
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately
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.
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About Crown Electrokinetics
Crown is a smart glass technology company and the creator of DynamicTint - We Make Your Glass Smarter™. Originally invented by Hewlett-Packard (HP, Inc.), our technology allows any glass surface to transition between clear and dark in seconds. With applications to a wide array of windows, including commercial buildings, automotive sunroofs, and residential skylights, we partner with leading glass and film manufacturers for mass production and distribution. At the core of our technology is a thin film that is powered by electrically-charged pigment which not only replaces common window tints but is also a more sustainable alternative to traditional window treatments. With its unique ability to be retrofitted to existing glass, DynamicTint™ offers myriad benefits related to reducing carbon emissions. The company is supported by a robust patent portfolio. For more information, please visit WWW.CROWNEK.COM.
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as "anticipate," "expect," "intend," "may," "will," "should" or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of Crown Electrokinetics and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Crown Electrokinetics' periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Crown Electrokinetics undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
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SOURCE Crown Electrokinetics
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