Evolv Technology Set to Join Russell 3000® Index
23 Junho 2022 - 9:00AM
Business Wire
Evolv Technology (NASDAQ: EVLV), a global leader in weapons
detection security screening, today announced that it is set to
join the Russell 3000® Index at the conclusion of the 2022 Russell
indexes annual reconstitution, effective after the stock market
opens on June 27, 2022, according to a preliminary list of
additions posted June 3, 2022.
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 6, 2022, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
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. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
“The inclusion of Evolv Technology in the Russell 3000 Index,
which represents the largest public companies in the United States
as measured by market capitalization, is a significant milestone in
our growth,” said Peter George, President and Chief Executive
Officer of Evolv Technology. “As we continue our relentless pursuit
to make the world safer for people to work, learn, and play, we
believe our inclusion in the Russell 3000 Index will increase our
exposure to institutional investors who rely on the Russell indexes
in the development and tracking of their portfolios.”
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 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About Evolv Technology
Evolv Technology (NASDAQ: EVLV) is transforming human security
to make a safer, faster, and better visitor experience for the
world’s most iconic venues and companies as well as schools,
hospitals, and public spaces, using industry leading artificial
intelligence (AI)-powered weapons detection and analytics. Its
mission is to transform security to create a safer world to work,
learn, and play. Evolv has digitally transformed the gateways in
places where people gather by enabling seamless integration with
unparalleled analytics and insights. Evolv’s advanced systems have
scanned more than 250 million people, second only to the Department
of Homeland Security’s Transportation Security Administration (TSA)
in the United States. Evolv has been awarded the U.S. Department of
Homeland Security (DHS) SAFETY Act Designation as a Qualified
Anti-Terrorism Technology (QATT) as well as the Security Industry
Association (SIA) New Products and Solutions (NPS) Award in the Law
Enforcement/Public Safety/Guarding Systems category. For more
information, visit https://evolvtechnology.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.
Forward-looking Statements
Certain statements in this press release may constitute
“forward-looking” statements and information, within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and the safe harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995 that
relate to our current expectations and views of future events. In
some cases, these forward-looking statements can be identified by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. These
forward-looking statements are subject to risks, uncertainties and
assumptions, some of which are beyond our control. In addition,
these forward-looking statements reflect our current views with
respect to future events or our Company’s performance and are not a
guarantee of future performance. Actual outcomes may differ
materially from the information contained in the forward-looking
statements as a result of a number of factors, including, without
limitation, the risk factors set forth in our Annual Report on Form
10-K for the year ended on December 31, 2021, that was filed with
the SEC on March 28, 2022, and other documents filed with or
furnished to the SEC. These statements reflect management’s current
expectations regarding future events and operating performance and
speak only as of the date of this press release. You should not put
undue reliance on any forward-looking statements. Although we
believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee that future results,
levels of activity, performance and events and circumstances
reflected in the forward-looking statements will be achieved or
will occur. Except as required by law, we undertake no obligation
to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise,
after the date on which the statements are made or to reflect the
occurrence of unanticipated events.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220623005382/en/
Investor Relations: Brian Norris Vice President of
Investor Relations bnorris@evolvtechnology.com
Evolv Technologies (NASDAQ:EVLV)
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