From GlobeNewswire: 2024-05-29 16:00:00

Northern Technologies International Corporation (NASDAQ: NTIC) is set to join the Russell 3000 Index on July 1, 2024, marking a significant step forward for the company. This move follows record demand across NTIC’s newer businesses, including ZERUST oil and gas sales. The Russell U.S. Indexes reconstitution, which captures the 4,000 largest U.S. stocks by market capitalization, will provide NTIC with increased visibility and access to a wider investor base. FTSE Russell’s indexes are widely used by investment managers, with about $10.5 trillion in assets benchmarked against them as of December 2023.

Northern Technologies International Corporation develops and markets corrosion prevention products under the ZERUST brand and bio-based polymer resin compounds under the Natur-Tec brand in over 65 countries. FTSE Russell, a leading global provider of benchmarking solutions, has chosen NTIC to join the Russell 3000 Index, providing enhanced market visibility. NTIC’s expansion into the oil and gas industry, along with its innovative products, has contributed to increased sales and improved gross margins. The company also offers technical consulting for rust and corrosion prevention.

Investors and institutional clients globally rely on FTSE Russell’s accurate indexes for benchmarking investment performance and creating various financial products. With a focus on industry standards, transparency, and client partnerships, FTSE Russell aims to enhance market measurement tools across different asset classes and strategies. The London Stock Exchange Group fully owns FTSE Russell, which offers precise market insights tailored to investors’ needs.



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