SmartKem (NASDAQ:SMTK)
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Simtek Corporation (NASDAQ:SMTK),
the inventor, pioneer, and world’s leading
supplier of nonvolatile static random access memory (nvSRAM) integrated
circuits, today announced that the Company was added to the Russell
Microcap™ Index when Russell Investment Group
reconstituted its family of U.S. indexes on June 22, 2007.
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.
“Inclusion in the Microcap reflects our strong
financial position and our growing recognition in the investment
community,” said Harold Blomquist, president
and chief executive officer. “We’re
proud of the company’s accomplishments over
the past year, and look forward to this added exposure as we continue to
execute against our business plan.”
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.
The official membership list can be found on www.russell.com.
About Simtek Corporation
Simtek Corporation designs and markets high-speed, re-programmable,
nonvolatile semiconductor memory products, for use in a variety of
systems including RAID servers, storage arrays, GPS navigational
systems, industrial controllers, robotics, copiers, avionics, metering,
consumer, UPS, and networking and broadcast equipment. Information on
Simtek products can be obtained from its web site: www.simtek.com;
email: information@simtek.com.
The company is headquartered in Colorado Springs, Colorado.
About Russell:
Russell Investment Group aims to improve financial security for people
by providing strategic advice, world-class implementation,
state-of-the-art performance benchmarks, and a range of
institutional-quality investment products. With more than $200 billion
in assets under management, Russell serves individual, institutional and
advisor clients in more than 40 countries. Russell provides access to
some of the world’s best money managers. It
helps investors put this access to work in corporate defined benefit and
defined contribution plans, and in the life savings of individual
investors. Founded in 1936, Russell is a subsidiary of Northwestern
Mutual Life Insurance Company. Headquartered in Tacoma, Wash., U.S.,
Russell has principal offices in Amsterdam, Auckland, Hong Kong,
Johannesburg, London, Melbourne, New York, Paris, San Francisco,
Singapore, Sydney, Tokyo and Toronto. Russell’s
indexes are unmanaged and cannot be invested in directly. For more
information on Russell indexes, go to www.russell.com.