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NANTUCKET, Massachusetts – (BUSINESS WIRE) – Ondas Holdings Inc. (NASDAQ: ONDS), developer of patented software-based wireless broadband technology (“Ondas” or “Company”), announced today that it has been selected to join Russell Microcap® Index at the end of the annual recovery in 2021, effective after the opening of the US market on June 28, according to the preliminary list of additions published by FTSE Russell on Friday, June 4, 2021.
Russell Microsap membership® The index, which remains in force for one year, means automatic inclusion in the appropriate growth and value indices. FTSE Russell determines membership for its Russell indexes primarily through objective, market capitalization rankings and style attributes. Russell indices are widely used by investment managers and institutional investors for index funds and as a benchmark for active investment strategies. Approximately $ 10.6 trillion in assets are compared to Russell’s US indices. Russell Indices are part of FTSE Russell, the world’s leading index provider.
“We are delighted to have been selected to join the Russell Indices. We believe this is another important step in the development of our company as a leader in next-generation industrial automation with our FullMAX wireless platform, ”said Eric Brock, Chairman and CEO of Ondas.
About Ondas Holdings Inc.
Ondas Holdings Inc., through its wholly owned subsidiary, Ondas Networks Inc., is the developer of its own software-based wireless broadband technology for large established and emerging industrial markets. The company’s standards-based multipatented, software-defined radio FullMAX platform enables MC-IoT applications by overcoming the bandwidth limitations of today’s old privately licensed wireless networks. Ondas Networks’ customer markets include railways, utilities, oil and gas, transportation, aviation (including drone operators), and government entities whose requirements cover a wide range of critical applications. These markets require reliable, secure broadband communication in large and diverse geographical areas, many of which are in challenging radio frequency environments. Customers use the company’s FullMAX technology to deploy their own licensed broadband wireless networks. The company also offers mission-critical options for a managed network service. Ondas Networks’ FullMAX technology supports IEEE 802.16s, the new global standard for privately licensed large-scale industrial networks. For more information, visit www.ondas.com or follow Ondas Networks on Twitter and LinkedIn. The information on our website and social media platforms is not included by reference in this publication or in any of our requests to the US Securities and Exchange Commission (SEC).
About FTSE Russell:
FTSE Russell is a global leader in the index, offering innovative benchmarking, analysis and data solutions to investors around the world. FTSE Russell calculates thousands of indices that measure and compare markets and asset classes in more than 70 countries, covering 98% of the global investment market.
FTSE Russell’s experience and products for the index are widely used by institutional and retail investors worldwide. Currently, approximately $ 17.9 trillion is based on the Russell FTSE indices. For more than 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen Russell FTSE indices to compare their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides the design and management of the Russell FTSE index: a transparent, rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on the application of the highest industry standards in the design and management of indices and adopts the principles of IOSCO. FTSE Russell also focuses on index innovation and customer partnerships as it seeks to improve the breadth, depth and scope of its offerings.
FTSE Russell is wholly owned by the London Stock Exchange Group.
Statements for the future
Statements made in this release that are not statements of historical or current facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We warn readers that forward-looking statements are forecasts based on our current expectations about future events.
These forward-looking statements are not a guarantee of future results and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, results or achievements may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including the risks discussed under the heading “Risk Factors” in our latest Annual Form 10-K report. , filed with the U.S. Securities and Exchange Commission (“SEC”), in our quarterly reports for Form 10-Q filed with the SEC, and in our other SEC statements. We undertake not to update publicly or to review any forward-looking statements, whether as a result of new information, future events or otherwise occurring after that date, unless required by law.
See the source version of businesswire.com: https://www.businesswire.com/news/home/20210607005277/en/
Investor Relations:
Michael Bowen
ICR, Inc. for Ondas
[email protected]
Media:
Stewart Office, Chief Financial Officer
Ondas Holdings Inc.
888.350.9994 External 1009
[email protected]
Source: Ondas Holdings Inc.
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