Byrna Technologies Joins the Russell 3000® Index

Company Overview - Byrna Technologies Inc. specializes in the development, manufacture, and sale of innovative less-lethal personal security solutions, including the Byrna® SD personal security device [15][13] - The company has successfully transitioned its advertising strategy to a celebrity endorsement model, which has contributed to growth in sales and customer base [7] Industry Context - The Russell 3000® Index includes the 4,000 largest US stocks ranked by total market capitalization, and membership is determined by objective market-capitalization rankings and style attributes [1] - Russell indexes serve as benchmarks for approximately $10.5 trillion in assets as of December 2023, making them widely used by investment managers and institutional investors [14] Recent Developments - Byrna Technologies has been added to the Russell 3000® Index following the annual reconstitution that took effect after the U.S. market closed on June 28, 2024 [13] - The inclusion in the Russell 3000® Index is expected to enhance Byrna's exposure to the broader investment community, potentially delivering long-term value to shareholders [7][13] FTSE Russell Overview - FTSE Russell is a leading global provider of benchmarking, analytics, and data solutions for investors, employing a transparent rules-based methodology [4][9] - The company fully embraces the IOSCO Principles and has received independent assurance for its Statement of Compliance [4]