Frequency Electronics, Inc. Joins Russell 2000 and 3000 Indexes
Frequency Electronics, Inc. Celebrates Major Milestone
Frequency Electronics, Inc. (NASDAQ: FEIM), a frontrunner in precision timing and frequency control solutions, is thrilled to announce its inclusion in the prestigious Russell 3000 and Russell 2000 indexes. This exciting development is set to take effect on June 30, signifying a pivotal moment for the company as it continues to thrive in a rapidly evolving market.
CEO's Vision on Inclusion in Russell Indexes
Tom McClelland, the President and CEO of Frequency Electronics, expressed his enthusiasm regarding this achievement. He stated, "Our addition to the Russell 2000 and 3000 indexes not only highlights our significant growth but also enhances our visibility among institutional investors. This accolade comes at a crucial point when satellite and quantum technologies are gaining momentum." His statement resonates with the company's commitment to turning innovative laboratory discoveries into market-ready products that meet the evolving needs of customers.
Impact of Russell Index Membership
Being included in the Russell indexes comes with substantial advantages. The Russell 3000 represents the largest publicly traded companies in the U.S., encompassing both large-cap and small-cap stocks. By meeting the rigorous criteria set forth by FTSE Russell, Frequency Electronics demonstrates its robust performance and market capitalization, offering increased exposure to potential investors.
Understanding the Russell Index Reconstitution Process
The annual reconstitution of Russell indexes evaluates approximately 4,000 U.S. stocks based on total market capitalization as of April 30. Membership in this broad array of indexes not only facilitates automatic inclusion in the large-cap Russell 1000 or the small-cap Russell 2000 but also ensures representation in corresponding growth and value style indexes. This comprehensive approach is valued by investment managers for benchmarking and strategy formulation.
The Role of Russell Indexes in Investment Strategy
Russell indexes serve as critical benchmarks for investment managers and institutional stakeholders, with over $10.6 trillion in assets linked to these indexes. Their influence shapes market behavior and investment strategies. Through its inclusion in these indexes, Frequency Electronics stands to benefit significantly from increased market interest, paving the way for a brighter financial outlook.
Innovative Solutions from Frequency Electronics
Frequency Electronics is dedicated to pioneering high-precision timing, frequency generation, and RF control products serving both space and terrestrial applications. Their offerings are integral to various sectors, including satellite operations, military systems, and secure communication networks. The company's subdivisions, such as FEI-Zyfer and FEI-Elcom Tech, cater to diverse needs like GPS solutions and electronic warfare systems, showcasing the company's breadth of expertise.
Commitment to Research and Development
With a strong emphasis on innovation, Frequency Electronics continually invests in research and development to expand its product capabilities and market reach. The company prides itself on a legacy of excellence, having received numerous awards for its contributions to high-performance electronics in significant programs across the aerospace and defense industries. This commitment to advancement ensures that they remain at the forefront of technology in their field.
Contact Information and Further Insights
For those eager to learn more about Frequency Electronics, detailed information is available through their official website. As they continue to grow and evolve, the company seeks to connect with stakeholders and investors who share their vision for the future of precision electronics.
For inquiries, please contact:
Dr. Thomas McClelland, President and Chief Executive Officer
Steven Bernstein, Chief Financial Officer
Telephone: (516) 794-4500 ext.5000
Website: www.freqelec.com
Frequently Asked Questions
What is Frequency Electronics, Inc. known for?
Frequency Electronics specializes in precision timing and frequency control products for a variety of applications, including satellite and military systems.
Why is the addition to the Russell indexes significant?
This membership enhances the company's visibility in the financial market, attracting institutional investors and increasing liquidity.
How often are the Russell indexes reconstituted?
The Russell indexes are reconstituted annually, evaluating the largest U.S. stocks as of April 30 each year.
What benefits come with being a member of the Russell 3000 Index?
Membership provides broader market exposure, potential investment interest, and automatic inclusion in other Russell indexes.
What is Frequency Electronics' focus for the future?
The company aims to transform laboratory innovations into real-world products while maintaining a commitment to excellence and customer satisfaction.
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