Novatel Wireless Set to Join the Russell 2000(R) Index

A leading provider of wireless solutions for the Internet of Things, today announced that the company is set to join the Russell 2000®, the Russell 3000®, and the Russell Global Index at the conclusion of the Russell indexes annual reconstitution on June 26, according to a preliminary list of additions posted June 12 on the Russell Investments website, "Inclusion in the Russell indexes is a significant milestone for us as we continue to execute our turnaround and growth strategy," said Alex Mashinsky, CEO of Novatel Wireless. "Our simultaneous addition to the broadly followed Russell Indexes is a reflection of our commitment to becoming the number one solutions provider that simplifies the Internet of Things. We expect our presence in these indexes will expose Novatel Wireless to a wider range of institutions and investors, allowing us to broaden our shareholder base and enhance our overall value."