KORU Medical Systems to Join Russell 3000®, Russell 2000®, and Russell Microcap® Indexes
June 18 2020 - 4:43PM
Business Wire
Repro Med Systems, Inc. d/b/a KORU Medical Systems (NASDAQ:
KRMD) (“KORU Medical”) today announced that the Company is set
to join the broad market Russell 3000® Index, the Russell 2000®
Index, and Russell Microcap® Index at the conclusion of the 2020
Russell indexes annual reconstitution, effective after the U.S.
stock market opens on June 29, 2020, based on a preliminary list of
additions made public on June 5, 2020.
“Our addition to the Russell is another important milestone in
the growth and evolution of KORU Medical,” said Don Pettigrew,
President and CEO. “It reflects the substantial progress we have
made over the past year in growing our business and creating
long-term value for our shareholders. We are also confident that it
will help to elevate our profile among investors. We remain focused
on providing innovative, easy-to-use, at-home specialty infusion
solutions that improve quality of life for patients around the
world.”
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 8, ranking them by total market capitalization.
Membership in the US all-cap Russell 3000® Index, which remains in
place for one year, means automatic inclusion in the large-cap
Russell 1000® Index or small-cap Russell 2000® 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. Russell
indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $9 trillion in assets are benchmarked
against Russell’s US indexes. Russell indexes are part of FTSE
Russell, a leading global index provider. For more information on
the Russell 3000® Index and the Russell indexes reconstitution, go
to the “Russell Reconstitution” section on the FTSE Russell
website.
About KORU Medical
Systems
KORU Medical Systems manufactures and commercializes innovative
and easy-to-use specialty infusion solutions that improve quality
of life for patients around the world. The FREEDOM Syringe Infusion
System currently includes the FREEDOM60® and FreedomEdge® Syringe
Infusion Drivers, Precision Flow Rate Tubing™ and HIgH-Flo
Subcutaneous Safety Needle Sets™. These devices are used for
infusions administered in the home and alternate care settings. For
more information about the Company, please visit
www.korumedical.com.
Forward-looking
Statements
This press release may contain forward-looking statements that
involve risks and uncertainties, identified by words such as “set
to” and “will”. Actual results may differ materially from the
results predicted and reported results should not be considered as
an indication of future performance. The potential risks and
uncertainties that could cause actual results to differ from the
results predicted include, among others, those risks and
uncertainties included under the captions “Risk Factors” in our
Annual Report on Form 10-K for the year ended December 31, 2019, as
amended, and our most recent Quarterly Report on Form 10-Q for the
quarter ended March 31, 2020, which are on file with the SEC and
are available on our website at www.korumedical.com/investors and
on the SEC website at www.sec.gov. All information provided in this
release and in the attachments is as of June 18, 2020. Undue
reliance should not be placed on the forward-looking statements in
this press release, which are based on information available to us
on the date hereof. We undertake no duty to update this information
unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200618005930/en/
The Equity Group Inc. Devin Sullivan Senior Vice
President 212-836-9608 dsullivan@equityny.com
Kalle Ahl, CFA Vice President 212-836-9614 kahl@equityny.com
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