Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which
accelerates system-on-chip (SoC) creation, today announced that it
has joined the broad-market Russell 2000® Index.
“We are excited to be included in the Russell
2000® Index. This milestone is a testament to the dedication and
hard work of our team, as well as the continued support of our
shareholders and stakeholders. Inclusion in the Russell 2000® Index
not only validates our growth trajectory but also enhances our
visibility among investors and strengthens our position as a leader
in the semiconductor IP industry. We remain committed to delivering
cutting-edge solutions for the increasingly complex SoC design
environment and driving value for our stakeholders as the industry
increasingly shifts towards merchant system IP solutions,” said K.
Charles Janac, president and CEO of Arteris.
The annual Russell US Indexes reconstitution
captures the 4,000 largest US stocks as of Tuesday, April 30th,
ranking them by total market capitalization. Membership in the US
all-cap Russell 3000® Index, which remains in place for one year,
means automatic inclusion in the large-cap Russell 1000 Index or
small-cap Russell 2000 Index as well as 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. According to the data
as of the end of December 2023, about $10.5 trillion in assets are
benchmarked against the Russell US indexes, which belong to FTSE
Russell, a prominent global index provider.
For more information on the Russell 2000® Index
and the Russell indexes reconstitution, visit the FTSE Russell
website.
About Arteris
Arteris is a leading provider of system IP for
the acceleration of system-on-chip (SoC) development across today’s
electronic systems. Arteris network-on-chip (NoC) interconnect IP
and SoC integration automation technology enable higher product
performance with lower power consumption and faster time to market,
delivering better SoC economics so its customers can focus on
dreaming up what comes next. Learn more at arteris.com.
About FTSE Russell
FTSE Russell is a leading global provider of
benchmarking, analytics, and data solutions for investors, giving
them a precise view of the market relevant to their investment
process. A comprehensive range of reliable and accurate indexes
provides investors worldwide with the tools they require to measure
and benchmark markets across asset classes, styles, or
strategies.
FTSE Russell index expertise and products are
used extensively by institutional and retail investors globally.
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 ETFs, structured
products, and index-based derivatives.
FTSE Russell is focused on applying the highest
industry standards in index design and governance, employing
transparent rules-based methodology informed by independent
committees of leading market participants. FTSE Russell fully
embraces the IOSCO Principles, and its Statement of Compliance has
received independent assurance. Index innovation is driven by
client needs and customer partnerships, allowing FTSE Russell to
continually enhance the breadth, depth and reach of its
offering.
FTSE Russell is wholly owned by London Stock
Exchange Group.
For more information, visit
https://www.lseg.com/en/ftse-russell.
© 2004-2024 Arteris, Inc. All rights reserved
worldwide. Arteris, Arteris IP, the Arteris IP logo, and the other
Arteris marks found at https://www.arteris.com/trademarks are
trademarks or registered trademarks of Arteris, Inc. or its
subsidiaries. All other trademarks are the property of their
respective owners.
Investor Contacts:ArterisNick HawkinsChief
Financial OfficerIR@arteris.com
Sapphire Investor Relations, LLCErica Mannion and Michael
Funari+1 617 542 6180IR@arteris.com
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended, including but not limited to,
statements regarding our future financial and operating
performance; our market opportunity and its potential growth; our
ability to execute on existing customer contracts and drive
increased customer adoption of our system IP; and our position
within the market and our ability to drive customer value. The
words "may," "might," "will," "could," "would," "should," "expect,"
"plan," "anticipate," "intend," "believe," "expect," "estimate,"
"seek," "predict," "future," "project," "potential," "continue,"
"target" and similar words or expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Any forward-looking
statements contained herein are based on our historical performance
and our current plans, estimates and expectations and are not a
representation that such plans, estimates, or expectations will be
achieved. These forward-looking statements represent our
expectations as of the date of this press release. Subsequent
events may cause these expectations to change, and we disclaim any
obligation to update the forward-looking statements in the future,
except as required by law. These forward-looking statements are
subject to known and unknown risks and uncertainties that may cause
actual results to differ materially from our current expectations.
Important factors that could cause actual results to differ
materially from those anticipated in our forward-looking statements
include, but are not limited to, the significant competition we
face from larger companies and third-party providers; our history
of net losses; whether semiconductor companies in the automotive
market, enterprise computing market, communications market,
consumer electronics market, and industrial markets incorporate our
solutions into their end products and the growth and economic
stability of these end markets; our ability to attract new
customers and the extent to which our customers renew their
subscriptions for our solutions; the ability of our customers’ end
products achieving market acceptance or growth; our ability to
sustain or grow our licensing revenue; our ability, and the cost,
to successfully execute on research and development efforts; the
occurrence of product errors or defects in our solutions; if we
fail to offer high-quality support; the occurrence of
macro-economic conditions that adversely impact us, our customers
and their end product markets; the effects of geopolitical
conflicts, such as the military conflict between Russia and
Ukraine; the range of regulatory, operational, financial and
political risks we are exposed to as a result of our dependence on
international customers and operations; our ability to protect our
proprietary technology and inventions through patents and other IP
rights; whether we are subject to any liabilities or fines as a
result of government regulation, including import, export and
economic sanctions laws and regulations; the occurrence of a
disruption in our networks or a security breach; risks associated
with doing business in China; and the other factors described under
the heading “Risk Factors” in our Quarterly Report on Form 10-Q for
the quarter ended March 31, 2024 filed with the Securities and
Exchange Commission (SEC) on May 2, 2024. All forward-looking
statements reflect our beliefs and assumptions only as of the date
of this press release. We undertake no obligation to update
forward-looking statements to reflect future events or
circumstances.
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