Southern California Technology Developer Focus Universal Inc. (NASDAQ: FCUV) Joins Russell 2000 Index, Increases Market Exposure

Focus Universal Inc. FCUV, a provider of patented hardware and software design technologies for smart devices and 5G, has joined the broad-market Russell 2000 ® Index.    

Membership in the U.S, all-cap Russell 2000 ® 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 appropriate growth and value style indexes. FTSE Russell is a London Stock Exchange Group subsidiary that produces, maintains, licenses and markets stock market indices. Russell determines membership for its indexes primarily by objective, market-capitalization rankings and style attributes.

"This is an important milestone for Focus Universal after listing on the Nasdaq earlier in August last year and uplisting to the Nasdaq Global Markets this year,” Focus Universal CEO Desheng Wang said. “These moves increase our exposure to a broader investment community as we progress our company's vision of five disruptive IoT [Internet of Things] technology platforms to solve the major problems facing hardware design and production, software design and network communication.” 

According to Ontario, California-based Focus Universal, the company’s developed technologies have the potential to reduce costs, product development timelines for IOT products and save energy while increasing range, speed, efficiency and security for telecommunications including 5G. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets is benchmarked against Russell's U.S. indexes, which are part of FTSE Russell. 

For more information on the Russell 2000 ® Index and the Russell indexes reconstitution, visit the Russell Reconstitution section of the FTSE Russell website.

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