Breaking
#Cleantech / #Tech #Stock News: KULR (NYSE: $KULR) Set to Join #RussellMicrocap®
Index; @KULRTech
SAN DIEGO, CA - June 6, 2022 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, is set to join the Russell Microcap® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, according to a preliminary list of additions posted June 3.
Read
this news, featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/06061KULR-Join-Russell-Microcap-Index.asp
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
look forward to joining the well-known Russell Microcap® Index, as it will
enhance our equity profile and support our efforts in expanding our existing
base of institutional investors," said KULR CEO Michael Mo. "As we
just pass the year mark from uplisting to the NYSE, it is truly an honor to be
on track to achieve another encouraging milestone in our company's history.
With several exciting initiatives brewing in the pipeline, we look forward to
further sharing the KULR story to the broader investment community."
Russell
indexes are widely used by investment managers and institutional investors for
index funds and as benchmarks for active investment strategies. Approximately
$12 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 KULR Technology Group Inc.
KULR
Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses
next-generation carbon fiber thermal management technologies for batteries and
electronic systems. Leveraging the company's roots in developing breakthrough
cooling solutions for NASA space missions and backed by a strong intellectual
property portfolio, KULR enables leading aerospace, electronics, energy
storage, 5G infrastructure, and electric vehicle manufacturers to make their
products cooler, lighter and safer for the consumer. For more information,
please visit www.KULRTechnology.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 $20 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.
Safe Harbor Statement
This
release does not constitute an offer to sell or a solicitation of offers to buy
any securities of any entity. This release contains certain forward-looking
statements based on our current expectations, forecasts and assumptions that
involve risks and uncertainties. Forward-looking statements in this release are
based on information available to us as of the date hereof. Our actual results
may differ materially from those stated or implied in such forward-looking
statements, due to risks and uncertainties associated with our business, which
include the risk factors disclosed in our Form 10-K filed with the Securities
and Exchange Commission on March 28, 2022. Forward-looking statements include
statements regarding our expectations, beliefs, intentions, or strategies
regarding the future and can be identified by forward-looking words such as
"anticipate," "believe," "could,"
"estimate," "expect," "intend," "may,"
"should," and "would" or similar words. All forecasts are
provided by management in this release are based on information available at
this time and management expects that internal projections and expectations may
change over time. In addition, the forecasts are entirely on management's best
estimate of our future financial performance given our current contracts,
current backlog of opportunities and conversations with new and existing
customers about our products and services. We assume no obligation to update
the information included in this press release, whether as a result of new
information, future events or otherwise.
Media Relations:
Annika
Harper
The
Antenna Group
Investor Relations:
Tom
Colton or Matt Glover
Gateway
Investor Relations
Main:
(949) 574-3860
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Disclosure: KULR Technology Group,
Inc. (NASDAQL KULR) is a paid news and social media company effective May
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