QuickLogic Included in the Russell Microcap Index

Rhea-AI Summary

QuickLogic Corporation (NASDAQ: QUIK) has joined the Russell Microcap® Index, effective June 29, 2020. This inclusion enhances visibility among institutional investors and is expected to benefit shareholders. The Russell indexes, utilized by managers for index funds and benchmarks, manage approximately $9 trillion in assets. QuickLogic specializes in ultra-low-power multicore voice-enabled system-on-chips (SoCs), embedded FPGA, and AI solutions, positioning itself for greater exposure as it works toward strategic goals.

Positive

• Inclusion in the Russell Microcap® Index enhances visibility among institutional investors.
• Expected to benefit shareholders by increasing awareness in the investment community.

Negative

• None.

SAN JOSE, Calif., June 29, 2020 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of ultra-low-power multicore voice-enabled system-on-chips (SoCs), embedded FPGA (eFPGA), intellectual property (IP), Internet of Things (IoT), and endpoint artificial intelligence (AI) solutions, today announced that it has joined the Russell Microcap® Index.  The Company became a member of the Russell Investments family of U.S. indexes upon their official reconstitution, made effective as of the market open today.

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 that our shares are now included in the Russell Index. This move should benefit our shareholders by increasing the visibility and awareness of the Company with institutional investors and the larger investment community," said Brian Faith, QuickLogic president and CEO.  "We look forward to this broader exposure as we continue to execute towards our strategic and financial goals."

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 QuickLogic
QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops low power, multi-core semiconductor platforms and Intellectual Property (IP) for Artificial Intelligence (AI), voice and sensor processing. The solutions include embedded FPGA IP (eFPGA) for hardware acceleration and pre-processing, and heterogeneous multi-core SoCs that integrate eFPGA with other processors and peripherals. The Analytics Toolkit from our recently acquired wholly-owned subsidiary, SensiML Corporation, completes the end-to-end solution with accurate sensor algorithms using AI technology. The full range of platforms, software tools and eFPGA IP enables the practical and efficient adoption of AI, voice and sensor processing across mobile, wearable, hearable, consumer, industrial, edge and endpoint IoT. For more information, visit www.quicklogic.com and https://www.quicklogic.com/blog/.

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

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SOURCE QuickLogic Corporation

FAQ

What impact does QuickLogic's inclusion in the Russell Microcap Index have on its stock?

Inclusion in the Russell Microcap Index is likely to increase QuickLogic's visibility and awareness among institutional investors, which could positively influence its stock.

When did QuickLogic join the Russell Microcap Index?

QuickLogic joined the Russell Microcap Index on June 29, 2020.

How much assets are benchmarked against Russell's US indexes?

Approximately $9 trillion in assets are benchmarked against Russell's US indexes.

What type of solutions does QuickLogic provide?

QuickLogic provides ultra-low-power multicore voice-enabled SoCs, embedded FPGA, and AI solutions.