Data I/O Added to Membership of Russell Microcap® Index

Rhea-AI Summary

Data I/O Corporation (NASDAQ: DAIO) has been added to the Russell Microcap Index, effective June 29, 2021, as part of the annual Russell index reconstitution. This inclusion provides automatic membership in relevant growth and value indexes and highlights the company's resilience following the COVID-19 pandemic. CEO Anthony Ambrose expressed pride in this achievement, emphasizing the growth in indexed assets and market capitalization required for inclusion. The Russell indexes are utilized by investment managers globally, with approximately $9 trillion benchmarked against them.

Positive

• Inclusion in the Russell Microcap Index signals increased recognition and credibility.
• Membership may attract institutional investors, potentially boosting stock performance.

Negative

• None.

Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced that it was added as a member of the Russell Microcap^® Index, effective after the US market opens on June 29, 2021 as part of the 2021 Russell indexes reconstitution.

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.

“It is an honor to once again be added to the Russell Microcap Index given the significant growth in indexed assets under management and the increase in the minimum market capitalization for index inclusion,” said Anthony Ambrose, President and CEO of Data I/O Corporation. “This important milestone reflects the dedicated excellence of our global team to emerge from the COVID-19 pandemic stronger and more resilient than before. We look forward to sharing our ongoing progress with the broader investment community that this listing affords and enhancing our recognition as the leading global provider of data programming and advanced security deployment solutions.”

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 Microcap^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Data I/O Corporation:

Since 1972 Data I/O has developed innovative solutions to enable the design and manufacture of electronic products for automotive, Internet-of-Things, medical, wireless, consumer electronics, industrial controls and other electronic devices. Today, our customers use Data I/O security deployment and programming solutions to reliably, securely, and cost-effectively bring innovative new products to life. These solutions are backed by a global network of Data I/O support and service professionals, ensuring success for our customers.

Learn more at dataio.com.

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.

Forward-Looking Statement

Statements in this news release concerning economic outlook, expected revenue, expected margins, expected savings, expected results, orders, deliveries, backlog and financial positions, as well as any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statement disclaimers also apply to the global COVID-19 pandemic, including the expected effects on the Company’s business from COVID-19, the duration and scope, impact on the demand for the Company’s products, and the pace of recovery for the COVID-19 pandemic to subside. These factors include uncertainties as to the ability to record revenues based upon the timing of product deliveries, installations and acceptance, accrual of expenses, coronavirus related business interruptions, changes in economic conditions and other risks including those described in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210628005033/en/

FAQ

What is the significance of Data I/O joining the Russell Microcap Index?

Joining the Russell Microcap Index enhances Data I/O's visibility and may attract more institutional investment, positively impacting stock performance.

When did Data I/O become part of the Russell Microcap Index?

Data I/O was added to the Russell Microcap Index effective June 29, 2021.

How does membership in the Russell Microcap Index affect DAIO stock?

Membership can lead to greater interest from institutional investors and can improve stock performance due to increased credibility.

What does it mean for a company to be included in the Russell Microcap Index?

Being included means the company meets specific market capitalization and style criteria, enhancing its visibility among investors.