QuickLogic Announces Inclusion in Russell 3000 Index
SUNNYVALE, CA -- (Marketwire) -- 06/25/12 -- QuickLogic Corporation (NASDAQ: QUIK), the innovator in low-power Customer Specific Standard Products (CSSPs), today announced that the company has been added to the broad-market Russell 3000® Index. Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes once a year and the final list of additions was posted June 22 on www.russell.com. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.
"Joining the Russell 3000 Index is a significant milestone for QuickLogic and we are pleased to be considered one of the top 3000 largest publicly traded companies in the U.S.," said
Andrew J. Pease, president and chief executive officer. "We believe that inclusion in this index will bring increased visibility to our growth strategy based on Customer Specific Standard Products (CSSPs), benefitting the company and our existing shareholders."
The annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, 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.
QuickLogic Corporation is the inventor and pioneer of innovative, customizable semiconductor solutions for mobile and portable electronics OEMs and ODMs. These silicon plus software solutions are called Customer Specific Standard Products (CSSPs). CSSPs enable our customers to bring their products to market more quickly and remain in the market longer, with the low power, cost and size demanded by the mobile and portable electronics market. For more information about QuickLogic and CSSPs, visit www.quicklogic.com
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