This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IKONICS(R) Corporation To Be Added To Russell Microcap(R) Index

DULUTH, Minn., June 21, 2013 (GLOBE NEWSWIRE) -- IKONICS Corporation (Nasdaq:IKNX), a Duluth-based imaging and materials technology company, today announced it will be added to the Russell Microcap(R) Index, effective at the close of the market on June 28, 2013.

CEO Bill Ulland commented, "We are pleased to be added to the Russell Microcap Index. Inclusion in this index is a testament to our traditional business and the recent expansion of Ikonics into the aerospace and automotive industries where our proprietary technologies create significant value for our customers. We believe that the inclusion in the Russell index will expand our visibility to a broad range of institutional buyers, and we are gratified that Ikonics has gained this additional opportunity for recognition within the investment community."

The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. Microcap stocks consist of the smallest 1,000 securities in the small-cap Russell 2000(R) Index, plus the next 1,000 eligible securities, based on a ranking of all U.S. equities by market capitalization. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indices and funds.

About Ikonics Corporation:

Ikonics Corporation has been a public company for 61 years, initially manufacturing photochemical products for the screen printing industry. Recently, the company has combined its strengths in photochemistry with newly acquired industrial inkjet printing and patent-pending Particle Beam technologies to enter the aerospace and automotive industries. Its aerospace applications range from use by NASA to the machining of carbon fiber composites for the Airbus A350. The company recently announced a project with Lockheed Martin to investigate the use of Particle Beam technology for the machining of Ceramic Matrix Composites, a material used in the most advanced jet engines. The company's Digital Texturing (DTX) enterprise is a patent-pending technology for creating textured surfaces in automobiles and on other surfaces, coupled with an integrated 3D texture prototyping capability. The technology is currently in use in Germany and Detroit for broad a range of vehicles, and the company believes represents a major savings in time and cost to users.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs