SAN JOSE, Calif., June 29, 2020 /PRNewswire/ -- QuickLogic
Corporation (NASDAQ: QUIK), a developer of ultra-low-power
multicore voice-enabled system-on-chips (SoCs), embedded FPGA
(eFPGA), intellectual property (IP), Internet of Things (IoT), and
endpoint artificial intelligence (AI) solutions, today announced
that it has joined the Russell Microcap® Index. The Company
became a member of the Russell Investments family of U.S. indexes
upon their official reconstitution, made effective as of the market
open today.
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 are pleased that our shares are now included in the Russell
Index. This move should benefit our shareholders by increasing the
visibility and awareness of the Company with institutional
investors and the larger investment community," said Brian Faith, QuickLogic president and CEO.
"We look forward to this broader exposure as we continue to
execute towards our strategic and financial goals."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $9 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 QuickLogic
QuickLogic Corporation (NASDAQ: QUIK)
is a fabless semiconductor company that develops low power,
multi-core semiconductor platforms and Intellectual Property (IP)
for Artificial Intelligence (AI), voice and sensor processing. The
solutions include embedded FPGA IP (eFPGA) for hardware
acceleration and pre-processing, and heterogeneous multi-core SoCs
that integrate eFPGA with other processors and peripherals. The
Analytics Toolkit from our recently acquired wholly-owned
subsidiary, SensiML Corporation, completes the end-to-end solution
with accurate sensor algorithms using AI technology. The full range
of platforms, software tools and eFPGA IP enables the practical and
efficient adoption of AI, voice and sensor processing across
mobile, wearable, hearable, consumer, industrial, edge and endpoint
IoT. For more information, visit www.quicklogic.com and
https://www.quicklogic.com/blog/.
About FTSE Russell
FTSE Russell is a leading global
index provider creating and managing a wide range of indexes, data
and analytic solutions to meet client needs across asset classes,
style and strategies. Covering 98% of the investable market, FTSE
Russell indexes offer a true picture of global markets, combined
with the specialist knowledge gained from developing local
benchmarks around the world.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$16 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 investment funds, ETFs, structured products and index-based
derivatives. FTSE Russell indexes also provide clients with tools
for asset allocation, investment strategy analysis and risk
management.
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 index innovation and customer
partnership applying the highest industry standards and embracing
the IOSCO Principles. FTSE Russell is wholly owned by London Stock
Exchange Group.
For more information, visit www.ftserussell.com
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SOURCE QuickLogic Corporation