Business
Ondas Holdings Set to Join the Russell 3000(R) Index
WALTHAM, MA / ACCESSWIRE / June 14, 2022 / Ondas Holdings Inc. (NASDAQ:ONDS), a leading provider of private wireless data, drone and automated data solutions
About this update from Ondas Inc
[{"type":"text","content":"WALTHAM, MA / ACCESSWIRE / June 14, 2022 / Ondas Holdings Inc. (NASDAQ:ONDS), a leading provider of private wireless data, drone and automated data solutions through its wholly-owned subsidiaries, Ondas Networks Inc. and American Robotics, Inc. (\"American Robotics\" or \"AR\"), is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022, according to a preliminary list of additions posted June 10, 2022.Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 6, 2022, 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.\"Joining the Russell 3000® Index marks a significant milestone in our journey as a publicly-traded company,\" said Eric Brock, Chairman and CEO of Ondas Holdings. \"Over the past 12 months, we have made notable progress positioning Ondas Networks and American Robotics to capitalize on the significant opportunities within our pipeline. We have bolstered our teams with key talent, advanced the ecosystem around our platform technologies and have remained opportunistic with our M&A strategy. We look forward to leveraging the increased awareness the Russell 3000® Index brings to build a stronger connection with the investment community and introduce our unique growth strategy to a broader audience.\"Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 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 3000® Index and the Russell indexes reconstitution, go to the \"Russell Reconstitution\" section on the FTSE Russell website.About Ondas Holdings Inc.Ondas Holdings Inc. (\"Ondas\") is a leading provider of private wireless data and drone solutions through its wholly owned subsid...