{"id":765895,"date":"2023-06-26T07:34:16","date_gmt":"2023-06-26T11:34:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dragonfly-energy-joins-the-russell-2000-index\/"},"modified":"2023-06-26T07:34:16","modified_gmt":"2023-06-26T11:34:16","slug":"dragonfly-energy-joins-the-russell-2000-index","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dragonfly-energy-joins-the-russell-2000-index\/","title":{"rendered":"Dragonfly Energy Joins the Russell 2000\u00ae Index"},"content":{"rendered":"
\n

RENO, Nev., June 26, 2023 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (\u201cDragonfly Energy\u201d or the \u201cCompany\u201d) (Nasdaq: DFLI), an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, today announced it has joined the Russell 2000\u00ae<\/sup> Index.<\/p>\n

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization. Membership in the US all-cap Russell 3000\u00ae<\/sup> Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000\u00ae<\/sup> Index or small-cap Russell 2000\u00ae<\/sup> Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.<\/p>\n

\u201cThe Russell indices set the bar for global markets and our inclusion marks another milestone for our company in expanding awareness of our patented, safe and cost-effective distributed storage technology,\u201d said Dr. Denis Phares, CEO of Dragonfly Energy. \u201cInclusion in the Russel family provides increased visibility for Dragonfly, supporting our goal to increase shareholder value, while providing important solutions to harness renewable energy resources.\u201d<\/p>\n

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell\u2019s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.<\/p>\n

For more information on the Russell 2000\u00ae<\/sup> Index and the Russell indexes reconstitution, go to the \u201cRussell Reconstitution\u201d section on the FTSE Russell website<\/u><\/a>.<\/p>\n

\n About Dragonfly Energy
<\/strong>Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) headquartered in Reno, Nevada, is a leading supplier of deep cycle lithium-ion batteries. Dragonfly Energy\u2019s research and development initiatives are revolutionizing the energy storage industry through innovative technologies and manufacturing processes. Today, Dragonfly Energy\u2019s non-toxic deep cycle lithium-ion batteries are displacing lead-acid batteries across a wide range of end-markets, including RVs, marine vessels, off-grid installations, and other storage applications. Dragonfly Energy is also focused on delivering an energy storage solution to enable a more sustainable and reliable smart grid through the future deployment of the Company\u2019s proprietary and patented solid-state cell technology. To learn more, visit www.dragonflyenergy.com\/investors<\/a>.<\/p>\n

\n About FTSE Russell
<\/strong>FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.<\/p>\n

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20.1 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.<\/p>\n

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.<\/p>\n

FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com<\/a>.<\/p>\n

\n Forward-Looking Statements<\/strong>
\n
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the Company\u2019s intent, belief or expectations, including, but not limited to, the Company\u2019s future results of operations and financial position, planned products and services, business strategy and plans, market size and growth opportunities, competitive position and technological and market trends. Some of these forward-looking statements can be identified by the use of forward-looking words, including \u201cmay,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cpredict,\u201d \u201cplan,\u201d \u201ctargets,\u201d \u201cprojects,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201ccontinue,\u201d \u201cforecast\u201d or the negatives of these terms or variations of them or similar expressions.<\/p>\n

These forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the Company\u2019s control) which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such factors include those set forth in the sections entitled \u201cRisk Factors\u201d and \u201cCautionary Note Regarding Forward-Looking Statements\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2022 and in the Company\u2019s subsequent filings with the SEC available at www.sec.gov<\/a>.<\/p>\n

If any of these risks materialize or any of the Company\u2019s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company presently does not know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements contained in this press release speak only as of the date they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.<\/p>\n

\n Investor Relations:<\/strong>
\n
Sioban Hickie, ICR, Inc.
DragonflyIR@icrinc.com<\/a><\/p>\n

Source: Dragonfly Energy Holdings Corp.<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

RENO, Nev., June 26, 2023 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (\u201cDragonfly Energy\u201d or the \u201cCompany\u201d) (Nasdaq: DFLI), an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, today announced it has joined the Russell 2000\u00ae Index. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization. Membership in the US all-cap Russell 3000\u00ae Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000\u00ae Index or small-cap Russell 2000\u00ae Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. \u201cThe Russell indices … <\/p>\n

Continue reading “Dragonfly Energy Joins the Russell 2000\u00ae Index”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765895","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDragonfly Energy Joins the Russell 2000\u00ae Index - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dragonfly-energy-joins-the-russell-2000-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dragonfly Energy Joins the Russell 2000\u00ae Index - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RENO, Nev., June 26, 2023 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (\u201cDragonfly Energy\u201d or the \u201cCompany\u201d) (Nasdaq: DFLI), an industry leader in energy storage and producer of deep cycle lithium-ion storage batteries, today announced it has joined the Russell 2000\u00ae Index. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization. Membership in the US all-cap Russell 3000\u00ae Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000\u00ae Index or small-cap Russell 2000\u00ae Index as well as the appropriate growth and value style indexes. 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