COtality Inc : ECOtality to be Added to Russell Microcap Index
06/24/2013| 08:46am US/Eastern
SAN FRANCISCO - June 24, 2013 - ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation, today announced it will be added to the Russell Microcap® Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes after the close of the market on June 28, 2013.
"Our addition to the Russell Microcap Index is a testament to the progress we have made over the past year. We are pleased to join the index and believe our inclusion will expand our visibility to a broader range of institutional investors as we continue to grow our business," said Ravi Brar, CEO of ECOtality.
The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. Microcap stocks consist of the smallest 1,000 securities in the small-cap Russell 2000® Index, plus the next 1,000 eligible securities, based on a ranking of all U.S. equities by market capitalization. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.