NEWTON, Mass., June 25, 2020 /PRNewswire/ — Ambient Corporation (NASDAQ: AMBT), a leading provider of flexible and scalable smart grid communications platforms and technologies, announced today that it has been included in the Russell 3000® Index. Ambient will also be included in the Russell 2000® Index, the Russell Global® and the Russell Microcap® Indices.
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John J. Joyce, President & Chief Executive Officer commented, “Ambient has earned a position in the Russell index as a result of investors recognizing our Company’s success as an innovative and leading provider of smart grid communications technologies. The Russell indices are important performance benchmarks for a broad cross-section of the global investment community, and as such, we expect to further heighten investor awareness of our Company.”
The Russell 3000 also serves as the U.S. component to the Russell Global Index. Membership in these indices is evaluated on an annual basis.
Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
About Ambient Corporation
Ambient designs, develops and sells the Ambient Smart Grid® communications platform. The Ambient Smart Grid products and services include communications nodes; a network management system, AmbientNMS®; integrated applications; and maintenance and consulting services. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for their smart grid initiatives. Headquartered in Newton, MA, Ambient is a publicly traded company (NASDAQ: AMBT). More information on Ambient is available at www.ambientcorp.com.
SOURCE Ambient Corporation
