Quantum Technologies added to membership of Russell Microcap® Index
LAKE FOREST, Calif., July 1, 2014
LAKE FOREST, Calif., July 1, 2014 /PRNewswire/ -- Quantum Fuel Systems
Technologies Worldwide, Inc. (NASDAQ: QTWW), a global leader in natural gas
storage systems, integration, and vehicle system technologies, today announced
that it has been added as a member of the Russell MicrocapIndex after the
equity markets closed on June 30 as Russell Investments reconstituted its
comprehensive family of global indexes.
Membership in the Russell Microcap Index, which remains in place for one year,
means automatic inclusion in the appropriate growth and value style indexes.
Russell determines membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.
"We are excited about being included in the 2014 reconstitution of the Russell
Microcap index," said Mr. Brian Olson, President and CEO of Quantum. Mr. Olson
continued, "We believe our inclusion is reflective of the progress we are
making in our business, and we expect our association with the Russell Index
will enhance our visibility with the investment community which could
ultimately broaden our stockholder base."
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment strategies.
Approximately $5.2 trillion in assets are benchmarked to the Russell Indexes.
Russell calculates more than 700,000 benchmarks daily covering approximately
98 percent of the investable market globally, more than 80 countries and
10,000 securities.These investment tools originated from Russell's
multi-manager investment business in the early 1980s when the company saw the
need for a more objective, market-driven set of benchmarks in order to
evaluate outside investment managers.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S.
stocks as of the end of May, ranking them by total market capitalization to
create the Russell 3000^® Index and Russell Microcap Index. These investment
tools originated from Russell's multi-manager investment business in the early
1980s when the company saw the need for a more objective, market-driven set of
benchmarks in order to evaluate outside investment managers..
Russell Investments (Russell) is a global asset manager and one of only a few
firms that offers actively managed multi-asset portfolios and services that
include advice, investments and implementation. Russell stands with
institutional investors, financial advisors and individuals working with their
advisors—using the firm's core capabilities that extend across capital market
insights, manager research, portfolio construction, portfolio implementation
and indexes to help each achieve their desired investment outcomes.
Russell has more than $259 billion in assets under management (as of
3/31/2014) and works with over 2,500 institutional clients, independent
distribution partners and individual investors globally. As a consultant to
some of the largest pools of capital in the world, Russell has $2.4 trillion
in assets under advisement (as of 6/30/2013). It has four decades of
experience researching and selecting investment managers and meets annually
with more than 2,200 managers around the world. Russell traded more than $1.6
trillion in 2013 through its implementation services business. Russell also
calculates approximately 700,000 benchmarks daily covering 98% of the
investable market globally, including more than 80 countries and more than
10,000 securities. Approximately $5.2 trillion in assets are benchmarked (as
of 12/31/2013) to the Russell Indexes, which have provided investors with 30
years of smarter beta.
About Quantum: Quantum Fuel Systems Technologies Worldwide, Inc. is a leader
in the innovation, development and production of natural gas fuel storage
systems and the integration of vehicle system technologies including engine
and vehicle control systems and drivetrains. Quantum produces one of the most
innovative, advanced, and light‐weight compressed natural gas storage tanks in
the world and supplies these tanks, in addition to fully‐integrated natural
gas storage systems, to truck and automotive OEMs and aftermarket and OEM
truck integrators. Quantum provides low emission and fast‐to‐market solutions
to support the integration and production of natural gas fuel and storage
systems, hybrid, fuel cell, and specialty vehicles, as well as modular,
transportable hydrogen refueling stations. Quantum is headquartered in Lake
Forest, California, and has operations and affiliations in the United States,
Canada, and India.
Forward Looking Statements: This press release contains forward looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. All statements included in this report, other than those that are
historical, are forward looking statements and can generally be identified by
words such as "may," "could," "will," "should," "assume," "expect,"
"anticipate," "plan," "intend," "believe," "predict," "estimate," "forecast,"
"outlook," "potential," or "continue," or the negative of these terms, and
other comparable terminology. Various risks and other factors could cause
actual results, and actual events that occur, to differ materially from those
contemplated by the forward looking statements.Risk factors include whether
our addition to the Russell Microcap Index will broaden our stockholder base.
The Company undertakes no obligation to update the information in this press
release to reflect events or circumstances after the date hereof or to reflect
the occurrence of anticipated or unanticipated events.
More information about the products and services of Quantum can be found at
http://www.qtww.com/ or you may contact:
Quantum Investor Relations
SOURCE Quantum Fuel Systems Technologies Worldwide, Inc.
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