Core Points - Flotek Industries, Inc. will be added to the Russell 3000® Index effective June 30, 2025, enhancing its visibility in the investment community [1][2][3] - Membership in the Russell 3000® Index includes automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, as well as applicable Russell growth and value style indexes [2] - The Russell indexes are widely utilized by investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against them as of June 2024 [3] Company Overview - Flotek Industries is a leading chemistry and data technology company focused on the energy industry, leveraging real-time data to provide innovative solutions [5][6] - The company holds an intellectual property portfolio of over 130 patents and has a global presence in more than 59 countries [5] - Flotek aims to reduce the environmental impact of energy through sustainable and optimized chemistry and data solutions [6] Industry Context - FTSE Russell, the provider of the Russell indexes, is a global leader in benchmarking and analytics, with approximately $18.1 trillion benchmarked to its indexes [7] - FTSE Russell's indexes cover 98% of the investable market globally and are used extensively by institutional and retail investors [7]
Flotek Industries Added to Russell 3000® Index