Fuel Tech announces inclusion in Russell Microcap Index
WARRENVILLE -- Fuel Tech Inc. said Monday the company has been added to the Russell Microcap Index.
Fuel Tech's stock trades on the Nasdaq market.
The company develops and commercializes proprietary technologies for air pollution control of combustion systems, process optimization, water treatment and advanced engineering services.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's U.S. indexes.
"We believe that inclusion in the Russell Microcap Index reflects our progress as a company and the significance of the opportunities we are pursuing," said Vincent J. Arnone, president and CEO. "We welcome the enhanced visibility among institutional investors that addition to the Russell provides."