MaxCyte Set to Join Russell 2000® Index

Rhea-AI Summary

MaxCyte, a cell-engineering company, will be added to the Russell 3000® and Russell 2000® indices effective September 20, 2021. This inclusion enhances the company's visibility among investors and follows its successful Nasdaq IPO in August. The Russell 3000® Index features companies based on market capitalization and style attributes, ensuring that MaxCyte’s membership underscores its strong financial profile. The company specializes in providing technologies for cell-based research and therapeutic development, notably through its proprietary Flow Electroporation® platform.

Positive

• Inclusion in the Russell 3000® and Russell 2000® indices enhances visibility among investors.
• Membership highlights a strong financial profile of MaxCyte.

Negative

• None.

GAITHERSBURG, Md., Sept. 17, 2021 (GLOBE NEWSWIRE) -- MaxCyte, Inc., (NASDAQ: MXCT; LSE: MXCT, MXCN), a leading commercial cell-engineering company focused on providing enabling platform technologies to advance innovative cell-based research as well as next-generation cell therapeutic discovery, development and commercialization, today announced that it is set to join the Russell 3000® and Russell 2000® indices, effective after the U.S. market opens on September 20, 2021, according to a preliminary list of quarterly IPO additions posted earlier this month by FTSE Russell.

Membership in the US all-cap 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.

“The addition of MaxCyte to the Russell indices highlights our strong financial profile and marks a milestone in our progress towards being the premier cell engineering platform technology,” said Doug Doerfler, President and Chief Executive Officer of MaxCyte. “Our inclusion follows the successful closing of our Nasdaq IPO in August and elevates the overall awareness of our stock amongst the investment community.”

For more information on the Russell 3000® and Russell 2000®, go to the FTSE Russell website.

About MaxCyte

MaxCyte is a leading commercial cell-engineering company focused on providing enabling platform technologies to advance innovative cell-based research as well as next-generation cell therapeutic discovery, development and commercialization. Over the past 20 years, we have developed and commercialized our proprietary Flow Electroporation® platform, which facilitates complex engineering of a wide variety of cells. Our ExPERT™ platform, which is based on our Flow Electroporation technology, has been designed to support the rapidly expanding cell therapy market and can be utilized across the continuum of the high-growth cell therapy sector, from discovery and development through commercialization of next-generation, cell-based medicines. The ExPERT family of products includes: three instruments, the ATx™, STx™ and GTx™; a portfolio of proprietary related processing assemblies or disposables; and software protocols, all supported by a robust worldwide intellectual property portfolio.

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

MaxCyte Contacts:

US IR Adviser Gilmartin Group David Deuchler, CFA	+1 415-937-5400 ir@maxcyte.com
Nominated Adviser and Joint Corporate Broker Panmure Gordon Emma Earl / Freddy Crossley Corporate Broking Rupert Dearden	+44 (0)20 7886 2500
UK IR Adviser Consilium Strategic Communications Mary-Jane Elliott Chris Welsh	+44 (0)203 709 5700 maxcyte@consilium-comms.com

FAQ

When will MaxCyte be included in the Russell 3000® and Russell 2000® indices?

MaxCyte will be included in the Russell 3000® and Russell 2000® indices effective September 20, 2021.

What does MaxCyte's inclusion in the Russell indices mean for investors?

MaxCyte's inclusion enhances its visibility and may attract more attention from institutional and retail investors.

What significant event preceded MaxCyte's inclusion in the Russell indices?

MaxCyte successfully closed its Nasdaq IPO in August 2021 before being added to the Russell indices.

How is membership determined for the Russell 3000® Index?

Membership in the Russell 3000® Index is based on objective market-capitalization rankings and style attributes determined by FTSE Russell.