Science & Technology
Science and Technology
Science and Technology
Wed, July 1, 2009
Tue, June 30, 2009 RAE Systems: RAE Systems Joins Russell 3000 and Microcap Indexes
SAN JOSE, CA--(Marketwire - June 30, 2009) - RAE Systems Inc. (
Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
"RAE Systems is pleased to once again be included in the Russell 3000 and Russell MicroCap indexes," said Robert Chen, RAE Systems' president and CEO. "As a public company, we are committed to growing the company and creating shareholder value."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4 trillion in assets currently are benchmarked to them.
Annual reconstitution of Russell indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap. 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.
Total returns data for the Russell Microcap and other Russell Indexes is available at [ http://www.russell.com/Indexes/performance/default.asp ].
About Russell:
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $136 billion in assets under management as of March 31, 2009 and serves individual, institutional and advisor clients in more than 40 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
About RAE Systems
RAE Systems is a leading global provider of rapidly deployable sensor networks that enable customers to identify safety and security threats in real time. Products include [ disposable gas detection tubes ], [ single gas personal monitors ], [ multi-sensor chemical detection ] monitors, [ photoionization (PID) monitors ] for volatile organic compounds (VOCs), [ wireless gas detection ] systems, and [ radiation monitoring networks ] for energy production and refining, industrial and environmental safety, and public and government first responder security sectors. RAE Systems' products are used in over 95 countries by many of the world's leading corporations and by many U.S. government agencies. For more information about RAE Systems, please visit [ www.RAESystems.com ].
