Rekor Systems, Inc, (REKR) (“Rekor”) Rekor Systems, Inc. (NASDAQ:REKR)("Rekor"), a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, announced today that the Company has been added to the Russell Microcap Index® at the conclusion of the 2020 Russell Indexes annual reconstitution, effective after the U.S. market opens on June 29, according to a final list of additions posted June 15.
“Being added to the Russell Microcap Index® provides increased visibility and stature within the investment community and signifies the value we are creating for our shareholders. We look forward to continuing the hard work that we’ve begun, continuing our go-to-market strategy and delivering strong growth to our investors,” said Eyal Hen, CFO, Rekor.
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.
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 The Russell US Indexes. Russell Indexes are part of FTSE Russell, a leading global index provider.