WidePoint Set to Join Russell Microcap(R) Index

Rhea-AI Summary

WidePoint Corporation (NYSE American: WYY) is set to join the Russell Microcap® Index effective June 28, 2021, marking a significant milestone for the company. This inclusion follows a strong performance in 2020 and Q1 2021, as well as recent accolades, including the Co-sell Ready status from Microsoft for Soft-ex. Membership in the Russell Microcap® Index will enhance WidePoint's visibility among investors, with approximately $10.6 trillion in assets benchmarked against Russell indexes. The company specializes in Trusted Mobility Management solutions.

Positive

• Inclusion in the Russell Microcap® Index expected to boost visibility and investor interest.
• Strong performance in previous fiscal periods (record 2020 and strong Q1 2021).
• Recognition of Soft-ex with Microsoft’s Co-sell Ready status.

Negative

• None.

FAIRFAX, VA / ACCESSWIRE / June 22, 2021 / WidePoint Corporation (NYSE American: WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management (IdM) and Digital Billing & Analytics solutions, today announced that the company is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, according to a preliminary list of additions posted June 4, 2021.

"Joining the Russell Microcap® Index represents another important milestone for WidePoint that we expect will increase awareness of our accomplishments," said WidePoint CEO, Jin Kang. "Our inclusion in the index follows other notable achievements, including a record 2020, strong Q1 2021 results, as well as Soft-ex's recent awarding of Co-sell Ready status by Microsoft. As a constituent of the Russell Microcap® Index, we believe it will increase our exposure to the broader investment community as we continue to set the standard for managing and securing the remote workforce."

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.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 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 WidePoint

WidePoint Corporation (NYSE American: WYY) is a leading provider of trusted mobility management (TM2) solutions, including telecom management, mobile management, identity management, and digital billing and analytics. For more information, visit widepoint.com.

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 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 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 ETFs, structured products and index-based derivatives.

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.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Investor Relations:

Gateway Investor Relations
Matt Glover
949-574-3860
WYY@gatewayir.com

SOURCE: WidePoint Corporation

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https://www.accesswire.com/652547/WidePoint-Set-to-Join-Russell-MicrocapR-Index

FAQ

What is the significance of WidePoint joining the Russell Microcap® Index?

WidePoint's inclusion in the Russell Microcap® Index increases its visibility and potential investor interest, as this index is widely referenced by institutional investors.

When does WidePoint officially join the Russell Microcap® Index?

WidePoint will join the Russell Microcap® Index effective June 28, 2021.

What does WidePoint Corporation specialize in?

WidePoint specializes in Trusted Mobility Management solutions, including Telecommunications Lifecycle Management, Identity Management, and Digital Billing & Analytics.

How much capital is benchmarked against Russell indexes?

Approximately $10.6 trillion in assets is benchmarked against Russell's U.S. indexes.

Who determines membership for the Russell indexes?

Membership for the Russell indexes is primarily determined by objective market capitalization rankings and style attributes set by FTSE Russell.