Connect with us

Technology

QuickLogic Set to Join Russell 3000® Index

Published

on

SAN JOSE, Calif., May 29, 2024 /PRNewswire/ — QuickLogic Corporation (NASDAQ: QUIK) (“QuickLogic” or the “Company”), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI solutions, today announced that it is set to join the broad-market Russell 3000® Index. This inclusion will occur at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st. The announcement follows the preliminary list of additions that was posted Friday, May 24th.

The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.

“Inclusion in the Russell 3000® Index is welcomed recognition of QuickLogic’s growth and financial performance driven by our successful strategic transformation with the launch of our eFPGA IP business model in 2020,” said Brian Faith, CEO of QuickLogic. “We remain extremely focused on executing on our strategy and look forward to introducing QuickLogic to a broader segment of the investment community through our inclusion in this prominent index.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider.

Fiona Bassett, CEO of FTSE Russell, An LSEG Business, commented “Russell indexes–now in their 40th year–continue to evolve to reflect the dynamic US economy. Annual rebalancing plays a vital role in establishing accurate benchmarks, ensuring they correctly mirror their designated market segments and remain unbiased in terms of size and style.”

For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About FTSE Russell:
FTSE Russell is a leading global provider of benchmarking, analytics, and data solutions for investors, giving them a precise view of the market relevant to their investment process. A comprehensive range of reliable and accurate indexes provides investors worldwide with the tools they require to measure and benchmark markets across asset classes, styles, or strategies.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products, and index-based derivatives.

FTSE Russell is focused on applying the highest industry standards in index design and governance, employing transparent rules-based methodology informed by independent committees of leading market participants. FTSE Russell fully embraces the IOSCO Principles, and its Statement of Compliance has received independent assurance. Index innovation is driven by client needs and customer partnerships, allowing FTSE Russell to continually enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit https://www.lseg.com/en/ftse-russell

About QuickLogic
QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops innovative embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for a variety of industrial, aerospace and defense, edge and endpoint AI, consumer, and computing applications. Our wholly-owned subsidiary, SensiML Corporation, completes the end-to-end solution portfolio with AI / ML software that accelerates AI at the edge/endpoint. For more information, visit quicklogic.com.

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/quicklogic-set-to-join-russell-3000-index-302157545.html

SOURCE QuickLogic Corporation

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Explore Xinjiang with Deer: 9-Episode Adventure

Published

on

By

BEIJING, Dec. 26, 2024 /PRNewswire/ — A news report from xinhuanet:   

 

Join Deer on a 9-episode micro-series exploring the vibrant culture, rich traditions, and modern lives of Xinjiang’s people. From the bustling Grand Bazaar to the ancient Karez wells, and from the melodies of Muqam to the warmth of multi-ethnic communities, this journey reveals a thriving, diverse, and authentic Xinjiang far beyond stereotypes.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/explore-xinjiang-with-deer-9-episode-adventure-302339222.html

SOURCE xinhuanet

Continue Reading

Technology

Trinasolar Collaborates with Energy China ZTPC and AMEA Power to Deploy Innovative Energy Storage Solution for the 300MWh Abydos Solar PV Project in Egypt

Published

on

By

DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Trinasolar, a global leader in smart PV and energy storage solutions, proudly announces its strategic partnership with AMEA Power to supply its cutting-edge Elementa 2 platform (5MWh) for the 300MWh Abydos Battery Energy Storage Project in Aswan, Egypt. This landmark project is the largest solar PV initiative in Africa and the first to incorporate a utility-scale Battery Energy Storage Solution (BESS) in Egypt.

Developed by AMEA Power, the Abydos Solar PV Project is a transformative expansion of the existing 500MW Abydos Solar PV power plant, which is in operation, in Kom Ombo, Aswan Governorate. By pioneering the integration of a 300MWh BESS, the project underscores Egypt’s commitment to sustainable energy innovation and resilience.

The inauguration ceremony for the 500MW Abydos Solar Power Plant, organized by AMEA Power, was attended by esteemed dignitaries, including His Excellency Dr. Mostafa Madbouly, Prime Minister of Egypt, and His Excellency Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy in Egypt, alongside Trinasolar executives.

As Trinasolar’s first energy storage project in the Middle East and Africa (MEA), Abydos represents a major milestone for the company and the region. Highlighting Trinasolar’s commitment to the MEA market, Vincent Wu, Global Sales VP & MEA MU Head at Trinasolar, stated: “This groundbreaking project highlights Trinasolar’s vital role in driving innovation, ensuring safety, and supporting the region’s transition to a more sustainable and dependable energy future. We are proud to contribute to such a transformative endeavor, bringing clean energy to Egypt and setting a benchmark for utility-scale energy storage solutions in North Africa.”

Hussain Al Nowais, Chairman of AMEA Power, added: “AMEA Power is dedicated to advancing renewable energy projects that make a significant impact. The integration of Trinasolar’s innovative Elementa 2 technology at the Abydos Solar PV Project represents a key step forward in Egypt’s energy landscape and exemplifies the power of collaboration in achieving sustainability goals.”

Energy china ZTPC, founded in 1958, belongs to Energy China Construction Group Co., LTD. After decades of development, has become a set of thermal power stations, nuclear power plants, clean energy projects, power plant maintenance and repair, power grid project construction as one of the general contracting and professional contracting enterprises. The 500MW Abydos Solar Power Plant has been commercially operated. Zhang Dan, Vice President Director, stated: “Abydos project is a milestone for Egypt as well as for ZTPC. We will fully dedicate ourselves to the project construction, contributing to the energy transition in the Egyptian region.”

The deployed Elementa 2 platform (5MWh), featuring Trinasolar’s in-house vertically integrated LFP cells, is an advanced grid-scale battery storage system built for efficiency, safety, and reliability. Key features include an innovative module design to enhance energy density and compatibility with multiple PCS systems, precise thermal management through smart liquid cooling technology, and comprehensive safety systems with advanced fire mitigation and suppression features. Engineered for adaptability, efficiency, and cost-effective maintenance, this platform optimizes performance while reducing overall project costs.

As the first utility-scale energy storage project in North Africa, Abydos marks a new era of energy innovation. By integrating renewable energy with advanced storage solutions, the project enhances grid stability, minimizes outages, and accelerates the region’s shift toward a sustainable energy future.

Trinasolar remains at the forefront of the renewable energy revolution, delivering smart solar and energy storage solutions designed to empower a more sustainable future. With its Trina Storage portfolio, the company is setting new benchmarks in safety, efficiency, and innovation, enabling transformative projects like Abydos to enhance energy resilience and support the global transition to renewable energy. Together with its cutting-edge technology and commitment to excellence, Trinasolar continues to power sustainability across the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/trinasolar-collaborates-with-energy-china-ztpc-and-amea-power-to-deploy-innovative-energy-storage-solution-for-the-300mwh-abydos-solar-pv-project-in-egypt-302339159.html

SOURCE Trina Storage

Continue Reading

Technology

Huasun to Pioneer Heterojunction Solar Excellence at WFES Abu Dhabi 2025

Published

on

By

ABU DHABI, UAE, Dec. 26, 2024 /PRNewswire/ — Huasun Energy is set to redefine solar energy innovation at the World Future Energy Summit (WFES) 2025, scheduled from January 14-16 at the Abu Dhabi National Exhibition Centre (ADNEC). As a global leader in heterojunction (HJT) solar technology, Huasun will present advanced solutions tailored to meet the region’s unique energy demands.

Middle East is abundant in sunlight but prone to high temperatures, raises unique challenges for photovoltaic (PV) systems. At Booth Hall 7-7200, Huasun will showcase its cutting-edge n-type silicon-based HJT solar cells and modules, engineered for superior performance in extreme environments like deserts, offering:

Superior Temperature Coefficient of -0.24%/℃: HJT solar cell’s inherent bifacial symmetrical structure and distinctive material properties can facilitate enhanced charge carrier mobility and mitigate the risk of hotspots, ensuring consistent energy output even in scorching heat, with minimal power and efficiency loss.Ultra-High Bifaciality Nearing 100%: Maximizing energy capture by utilizing both direct and reflected sunlight, particularly advantageous in high-reflectivity environments such as deserts, bringing a substantial increase in overall power output of the modules.Strong Energy Yield: Absorbing more sunlight, extending the lifespan of solar panels, ensuring consistent performance over time. Take Saudi Arabia as example, Huasun’s 720W HJT module in the first year generates approximately 115 hours (6.95%) more compared to a 660W PERC module.Lower LCOE: Higher generation results in an increased IRR while reducing BOS, labour and other system costs, and thus deliver superior economic value to customers through a lower levelized cost of energy (LCOE).

Visitors at WFES will experience Huasun’s diverse product lineup, including the Himalaya G12-132 730W, Everest G12R-132 630W, G12R-108 520W modules, and ultra-high bifaciality module, which boosts near 100% bifaciality. These modules are equipped with Huasun’s innovative 0BB (Zero Busbar) HJT technology, which enhances reliability, efficiency, and cost-effectiveness, setting a new standard for solar energy solutions.

From improved energy yield in harsh conditions to cost savings and long-term durability, Huasun’s solutions are tailored to meet the growing demands of renewable energy markets worldwide.

With 8 GW+ shipments spanning over 60 countries, Huasun remains at the forefront of the solar industry, committed to advancing the global energy transition. Join Huasun at WFES 2025 to explore how its pioneering innovations are shaping the future of sustainable energy.

Contact Huasun Energy

Website: www.huasunsolar.com

Email: sales@huasunsolar.com

Follow “Huasun HJT” on LinkedIn for more heterojunction update

Photo – https://mma.prnewswire.com/media/2587740/Huasun_to_Pioneer_Heterojunction_Solar_Excellence_at_WFES_Abu_Dhabi_2025.jpg
Logo – https://mma.prnewswire.com/media/2393329/Huasun_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/huasun-to-pioneer-heterojunction-solar-excellence-at-wfes-abu-dhabi-2025-302339228.html

Continue Reading

Trending