Press Release
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The index memberships went into effect July 1, 2002.
Membership in Russell's 21 U.S. equity indexes is determined strictly by market capitalization rankings and style attributes rather than by subjective opinion or committee decisions. Russell indexes are widely used by managers for index funds and as benchmarks for both passive and active investment strategies. About $250 billion is invested in index funds based on Russell's indexes and an additional $850 billion is benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.
Annual reconstitution of the Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000. The largest 1,000 companies in the ranking comprise the Russell 1000 Index while the remaining 2,000 companies become the widely used Russell 2000 Index.
Liquidmetal Technologies® (www.liquidmetal.com) is the leading developer, manufacturer and marketer of products made from amorphous alloys. Liquidmetal alloys are two to three times stronger than titanium, harder than tool steel, and relatively non-corrosive and wear resistant. Bulk Liquidmetal alloys can be molded into precision net-shaped parts similar to plastics resulting in intricate, sophisticated engineered designs. Liquidmetal Technologies is the first company to produce these amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries. The combination of a super alloy's performance coupled with unique processing advantages positions Liquidmetal alloys as The 3rd Revolution™ in material science.
Frank Russell Company, a global leader in multi-manager investment services, provides investment products and services in more than 35 countries. Russell manages $70 billion in assets and advises clients worldwide representing US$1.8 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more information, visit www.russell.com.
CONTACT: Liquidmetal Technologies Lesley Bateman, 813/314-0280, xt125 Vice President Investor Relations & Communications lesley.bateman@liquidmetal.com