Kopin to Be Added to the Russell 2000 Index
16 June 2021 - 10:30PM
Business Wire
Kopin Corporation (NASDAQ: KOPN), a leading provider of
innovative wearable computing technologies and solutions, announced
today that it is set to join the Russell 2000® Index at the
conclusion of the 2021 Russell indexes annual reconstitution,
effective after the US market opens on June 28, according to a
preliminary list of additions posted June 4.
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 7, 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.
“We are pleased to see Kopin join the Russell 2000 Index,” said
Dr. John Fan, Chief Executive Officer of Kopin. “We view our
addition to the Russell 2000 Index as an appropriate reflection of
the success Kopin has maintained this year. We are excited to see
the anticipated adoption of AR/VR applications and believe we are
well positioned to continue to meet growing demands across our key
business segments including defense, industrial and consumer.”
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 2000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About Kopin
Kopin Corporation is a leading developer and provider of
innovative display and optical technologies sold as critical
components and subassemblies for defense, industrial and consumer
products. Kopin's technology portfolio includes ultra-small Active
Matrix Liquid Crystal displays (AMLCD), Liquid Crystal on Silicon
(LCOS) displays and Organic Light Emitting Diode (OLED) displays, a
variety of optics, and low-power ASICs. For more information,
please visit Kopin's website at www.kopin.com.
FORWARD LOOKING
STATEMENTS
Statements in this press release may be considered
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended (the "Securities Act"), and
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), which are subject to the safe harbor created by
such sections. Words such as "expects," "believes," "can," "will,"
"estimates," and variations of such words and similar expressions,
and the negatives thereof, are intended to identify such
forward-looking statements. We caution readers not to place undue
reliance on any such "forward-looking statements," which speak only
as of the date made, and advise readers that these forward-looking
statements are not guarantees of future performance and involve
certain risks, uncertainties, estimates, and assumptions by us that
are difficult to predict. Various factors, some of which are beyond
our control, could cause actual results to differ materially from
those expressed in, or implied by, such forward-looking statements.
All such forward-looking statements, whether written or oral, and
whether made by us or on our behalf, are expressly qualified by
these cautionary statements and any other cautionary statements
that may accompany the forward-looking statements. In addition, we
disclaim any obligation to update any forward-looking statements to
reflect events or circumstances after the date of this press
release, except as may otherwise be required by the federal
securities laws. These forward-looking statements are only
predictions, subject to risks and uncertainties, and actual results
could differ materially from those discussed. Important factors
that could affect performance and cause results to differ
materially from management's expectations are described in Part I,
Item 1A. Risk Factors; Part II, Item 7. Management's Discussion and
Analysis of Financial Condition and Results of Operations; and
other parts of our Annual Report on Form 10-K for the fiscal year
ended December 26, 2020, or as updated from time to time in the
Company's Securities and Exchange Commission filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20210616005163/en/
Kopin Richard Sneider, 508-870-5959 Treasurer and Chief
Financial Officer Richard_Sneider@kopin.com or Market Street
Partners Elliot Ashkenazy, 415-445-3234
EAshkenazy@marketstreetpartners.com
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