Ultralife Corporation Announces Addition to the Russell 2000® Index

Rhea-AI Summary

Ultralife Corporation (NASDAQ: ULBI) has been included in the Russell 2000® Index, effective June 29, 2020. This significant milestone underscores Ultralife's potential for enhanced visibility and growth within the investment community. The Russell 2000® Index serves as a critical benchmark for small-cap companies, with approximately $9 trillion in assets benchmarked against the indexes. Ultralife focuses on power solutions and communications systems, catering to various global markets, including government and defense sectors.

Positive

• Inclusion in the Russell 2000® Index enhances visibility and credibility among investors.
• Access to a larger pool of institutional and retail investors due to the index inclusion.

Negative

• None.

NEWARK, N.Y., June 29, 2020 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ:  ULBI) today announced it has been added to the Russell 2000® Index as part of the 2020 Russell U.S. Indexes annual reconstitution, effective as the U.S. market opens today.

“Our inclusion in the Russell 2000® Index, one of the most widely used performance benchmarks for small-cap companies, is an important milestone for Ultralife.  We welcome the enhanced visibility within the investment community of our long-term, leveraged earnings growth prospects,” said Michael D. Popielec, President and Chief Executive Officer. 

Russell U.S. 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 U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

About Ultralife Corporation

Ultralife Corporation serves its markets with products and services ranging from power solutions to communications and electronics systems. Through its engineering and collaborative approach to problem solving, Ultralife serves government, defense and commercial customers across the globe.

Headquartered in Newark, New York, the Company's business segments include Battery & Energy Products and Communications Systems. Ultralife has operations in North America, Europe and Asia. For more information, visit www.ultralifecorporation.com.

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions used extensively by institutional and retail investors globally. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have used FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, and index-based products.  

FTSE Russell is wholly owned by London Stock Exchange Group.  For more information, visit www.ftserussell.com. 

Company Contact:	Investor Relations Contact:
Ultralife Corporation	LHA
Philip A. Fain	Jody Burfening
(315) 210-6110	(212) 838-3777
pfain@ulbi.com	jburfening@lhai.com

FAQ

What does the Russell 2000® Index inclusion mean for Ultralife Corporation (ULBI)?

The inclusion in the Russell 2000® Index provides Ultralife Corporation with enhanced visibility and may attract more institutional investors, potentially benefiting its stock performance.

When was Ultralife Corporation (ULBI) added to the Russell 2000® Index?

Ultralife Corporation was added to the Russell 2000® Index effective June 29, 2020.

How does the Russell 2000® Index impact ULBI's investment appeal?

Being part of the Russell 2000® Index can improve Ultralife Corporation's investment appeal by making it a benchmark for small-cap investments, thus attracting more fund managers and investors.

What is the significance of the Russell U.S. Indexes for investors?

The Russell U.S. Indexes are critical benchmarks for investment managers, helping them gauge performance and attract investment, with approximately $9 trillion in assets linked to these indexes.