Summit Wireless Technologies, Inc. (Nasdaq: WISA), a leading
provider of immersive, wireless sound technology for intelligent
devices and next-generation home entertainment systems, is set to
join Russell Microcap® Index when Russell reconstitutes its
comprehensive set of U.S. and global equity indexes on June 25.
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the full release here:
https://www.businesswire.com/news/home/20210608005370/en/
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.
“Inclusion in the Russell Microcap Index builds on our strong
first quarter results and momentum in our business,” said Brett
Moyer, CEO of Summit Wireless. “We expect our presence in the index
to drive increased visibility and investor awareness of Summit and
our immersive, wireless sound technology for intelligent devices
and next-generation home entertainment systems.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.6 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 Summit Wireless Technologies, Inc.
Summit Wireless Technologies, Inc. (NASDAQ: WISA) is a leading
provider of immersive, wireless sound technology for intelligent
devices and next-generation home entertainment systems. Working
with leading CE brands and manufacturers such as Harman
International, a division of Samsung, LG Electronics, Klipsch, Bang
& Olufsen, Xbox, a subsidiary of Microsoft, and others, Summit
Wireless delivers seamless, dynamic audio experiences for
high-definition content, including movies and video, music, sports,
gaming/esports, and more. Summit Wireless is a founding member of
WiSA, the Wireless Speaker and Audio Association and works in joint
partnership to champion the most reliable interoperability
standards across the audio industry. Summit Wireless is
headquartered in San Jose, CA with sales teams in Taiwan, China,
Japan, and Korea. For more information, please visit:
www.summitwireless.com.
© 2021 Summit Wireless Technologies, Inc. All rights reserved.
Summit Wireless Technologies and the Summit Wireless logo are
trademarks of Summit Wireless Technologies, Inc.
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.
Safe Harbor Statement
This press release contains forward-looking statements, which
are not historical facts, within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Our actual results,
performance or achievements may differ materially from those
expressed or implied by these forward-looking statements. In some
cases, you can identify forward-looking statements by the use of
words such as "may," "could," "expect," "intend," "plan," "seek,"
"anticipate," "believe," "estimate," "predict," "potential,"
"continue," "likely," "will," "would" and variations of these terms
and similar expressions, or the negative of these terms or similar
expressions. Such forward-looking statements are necessarily based
upon estimates and assumptions that, while considered reasonable by
us and our management, are inherently uncertain. As a result,
readers are cautioned not to place undue reliance on these
forward-looking statements. Actual results may differ materially
from those indicated by these forward-looking statements as a
result of risks and uncertainties impacting Summit Wireless’
business including, current macroeconomic uncertainties associated
with the COVID-19 pandemic, our ability to predict the timing of
design wins entering production and the potential future revenue
associated with our design wins; our rate of growth; our ability to
predict customer demand for our existing and future products and to
secure adequate manufacturing capacity; consumer demand conditions
affecting our customer’s end markets; our ability to hire, retain
and motivate employees; the effects of competition, including price
competition; technological, regulatory and legal developments;
developments in the economy and financial markets and other risks
detailed from time to time in Summit Wireless’ filings with the
Securities and Exchange Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210608005370/en/
Kirsten Chapman, LHA Investor Relations, 415.433.3777,
summit@lhai.com
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