EANS-News: Identive Group Inc. Identive Group Set to Join Russell Global Index
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Company Information
Santa Ana, Calif. and Ismaning, Germany, June 20, 2011 (euro adhoc) - Identive
Group, Inc. (NASDAQ: INVE) (Frankfurt: INV), a provider of products, services
and solutions for the security, identification and RFID industries, today
announced that it has qualified for and been selected to join the Russell Global
Index when Russell Investments reconstitutes its comprehensive set of U.S. and
global equity indexes on June 24, 2011, according to a preliminary list of
additions posted June 10, 2011, available at www.russell.com/indexes.
Annual reconstitution of Russell´s U.S. indexes captures and ranks the 4,000
largest U.S. publicly traded stocks as of the end of May by total market
capitalization. Membership in the Russell Global Index, which remains in place
for one year, means automatic inclusion in the appropriate large-cap, small-cap,
all-cap indexes as well as the applicable style, sector and country indexes.
Russell determines membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.
Ayman S. Ashour, Chairman and CEO of Identive Group, said, "There is no index
family in the world that rivals the size, credibility and buying power of the
Russell group. Inclusion in its indices will not only likely broaden our
shareholder base and market exposure, but we believe it will drive demand for
our stock, as index buyers rebalance their portfolios in the weeks ahead. We
are pleased to be included in this year´s Russell Global."
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 $3.9 trillion in institutional
assets currently are benchmarked to them. 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. More information about Russell
Indexes, including total returns, is available at
http://www.russell.com/Indexes/data/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 about $161 billion in assets under management
as of March 31, 2011, and serves individual, institutional and advisor clients
in more than 35 countries. Founded in 1936, Russell is a subsidiary of The
Northwestern Mutual Life Insurance Company.
About Identive Group
Identive Group, Inc. is an international technology company focused on building
the world's signature group in secure identification-based technologies. The
businesses within Identive Group have deep industry expertise and are well-known
global brands in their individual markets, providing leading-edge products and
solutions in the areas of physical and logical access control, identity
management and RFID systems to governments, commercial and industrial
enterprises and consumers. Identive's growth model is based on a combination of
strong technology-driven organic growth from the businesses within the group and
disciplined acquisitive development. For additional info visit:
www.identive-group.com.
Further inquiry note:
Frau Annika Oelsner
Tel.: +49 89 9595-5220
E-Mail: aoelsner@identive-group.com
end of announcement euro adhoc
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company: Identive Group Inc.
Carnegie Ave., Bldg. B 1900
US-CA 92705 Santa Ana
phone: +1 949 553 4280
FAX: +49 89 9595-5555
mail: investorrelations@identive-group.com
WWW: http://www.identive-group.com
sector: Computing & Information Technology
ISIN: US45170X1063
indexes: NASDAQ
stockmarkets: Nasdaq: New York, free trade: Berlin, Hamburg, Stuttgart,
Düsseldorf, München, Open Market / Entry Standard: Frankfurt
language: English