Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ:
KITT), a developer of ocean robots using artificial intelligence
for data collection and intervention services, today announced its
addition to the Russell Microcap® Index at the conclusion of the
2023 annual reconstitution, effective after the US market opens
today on June 26, 2023.
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 $12.1
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 NauticusNauticus Robotics,
Inc. is a developer of autonomous robots using artificial
intelligence for data collection and intervention services for the
ocean industries. Nauticus’ robotic systems and services are
delivered to commercial and government-facing customers through a
Robotics-as-a-Service (RaaS) business model and direct product
sales for both hardware platforms and software licenses. Besides a
standalone service offering and products, Nauticus’ approach to
ocean robotics has also resulted in the development of a range of
technology products for retrofitting/upgrading legacy systems and
other third-party vehicle platforms. Nauticus provides customers
with the necessary data collection, analytics, and subsea
manipulation capabilities to support and maintain assets while
reducing their operational footprint, operating cost, and
greenhouse gas emissions to improve offshore health, safety, and
environmental exposure.
About FTSE RussellFTSE 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 $20.1 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.
Cautionary Language Regarding
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended (the “Act”), and are intended to
enjoy the protection of the safe harbor for forward-looking
statements provided by the Act as well as protections afforded by
other federal securities laws. Such forward-looking statements
include, but are not limited to: the expected timing of product
commercialization or new product releases; customer interest in
Nauticus’ products; estimated 2023 operating results and use of
cash; and Nauticus’ use of and needs for capital. Generally,
statements that are not historical facts, including statements
concerning possible or assumed future actions, business strategies,
events, or results of operations, are forward-looking statements.
These statements may be preceded by, followed by, or include the
words “believes,” “estimates,” “expects,” “projects,” “forecasts,”
“may,” “will,” “should,” “seeks,” “plans,” “scheduled,”
“anticipates,” “intends,” or “continue” or similar expressions.
Forward-looking statements inherently involve risks and
uncertainties that may cause actual events, results, or performance
to differ materially from those indicated by such statements. These
forward-looking statements are based on Nauticus’ management’s
current expectations and beliefs, as well as a number of
assumptions concerning future events. There can be no assurance
that the events, results, or trends identified in these
forward-looking statements will occur or be achieved.
Forward-looking statements speak only as of the date they are made,
and Nauticus is not under any obligation and expressly disclaims
any obligation, to update, alter, or otherwise revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise, except as required by law. Readers
should carefully review the statements set forth in the reports
which Nauticus has filed or will file from time to time with the
Securities and Exchange Commission (the “SEC”) for a more complete
discussion of the risks and uncertainties facing the Company and
that could cause actual outcomes to be materially different from
those indicated in the forward-looking statements made by the
Company, in particular the sections entitled “Risk Factors” and
“Cautionary Note Regarding Forward-Looking Statements” in documents
filed from time to time with the SEC, including Nauticus’ Quarterly
Report on Form 10-Q filed with the SEC on May 15, 2023. Should one
or more of these risks, uncertainties, or other factors
materialize, or should assumptions underlying the forward-looking
information or statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated, or expected. The documents filed
by Nauticus with the SEC may be obtained free of charge at the
SEC’s website at www.sec.gov.
Investor Relations Contact:Ralf
EsperGateway Group, Inc. (949) 574-3860KITT@gateway-grp.com
Media Contact:Zach KadletzGateway
Group, Inc. (949) 574-3860KITT@gateway-grp.com
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