Benzinga | Jun 14, 2021 08:26AM EDT

TOMI Environmental Solutions Set to Join Russell Microcap Index

TOMI Environmental Solutions, Inc.(r) ("TOMI") (NASDAQ:TOMZ), a global company specializing in disinfection and decontamination, utilizing its premier Binary Ionization Technology (BIT) platform through its SteraMist brand of products, announced that it is set to join the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on Monday, June 28, 2021, according to a preliminary list of additions posted by Russell on June 4, 2021.

Membership in the Russell Microcap(r) Index, that remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its indexes primarily by objective, market-capitalization rankings and style attributes.

"We are pleased to have been added to the Russell Microcap? Index," commented Dr. Halden Shane, TOMI Chief Executive Officer. "We believe our selection as a benchmark company for the index reflects the accelerated adoption of our decontamination technology and the strength of our business. Following our NASDAQ listing in September 2020, we expanded our investor base and raised the Company's profile in the trading market. Our inclusion in the Russell Microcap(r) Index represents a recognition of our achievement and success, as well as our ability to build and sustain shareholder value."

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 US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap(r) Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website