NEW YORK, March 15, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today the results of the semi-annual evaluation of the NASDAQ® Clean Edge® Green Energy Index (Nasdaq:CELS), which will become effective with the market open on Monday, March 22, 2010.
As a result of the evaluation, the following nine securities will be added to the Index: AIXTRON AG (Nasdaq:AIXG), A123 Systems, Inc. (Nasdaq:AONE), Green Plains Renewable Energy, Inc. (Nasdaq:GPRE), Universal Display Corporation (Nasdaq:PANL), Power-One, Inc. (Nasdaq:PWER), Satcon Technology Corporation (Nasdaq:SATC), STR Holdings, Inc. (NYSE:STRI), UQM TECHNOLOGIES, INC. (AMEX:UQM), and Veeco Instruments Inc. (Nasdaq:VECO).
The Index is designed to track the performance of clean-energy companies that are publicly traded in the U.S. The Index includes companies engaged in the manufacturing, development, distribution, and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels and advanced batteries. The five major sub-sectors that the index covers are Renewable Electricity Generation, Renewable Fuels, Energy Storage & Conversion, Energy Intelligence and Advanced Energy-Related Materials. The securities must also meet other eligibility criteria which include minimum requirements for market value, average daily share volume, and price. The Index is evaluated on a semi-annual basis in March and September. For more information about the NASDAQ Clean Edge Green Energy Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the evaluation, the following six securities will be removed from the Index: Advanced Analogic Technologies, Inc. (Nasdaq:AATI), China BAK Battery, Inc. (Nasdaq:CBAK), Greatbatch, Inc. (NYSE:GB), Raser Technologies, Inc. (NYSE:RZ), Ultralife Corporation (Nasdaq:ULBI), and Valence Technology, Inc. (Nasdaq:VLNC).
The NASDAQ Clean Edge Green Energy Index is the basis for the First Trust NASDAQ Clean Edge Green Energy Index Fund (Nasdaq:QCLN), which seeks investment results that correspond generally to the price and yield of the NASDAQ Clean Edge Green Energy Index before fees and expenses.
About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX Indexes. NASDAQ OMX Global Index Group specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NASDAQ OMX Global Index Group also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
About Clean Edge
Clean Edge, Inc., founded in 2000, is the world's first research and publishing firm devoted to the clean-tech sector. The company, via its publications, events, and online services, helps companies, investors, and governments understand and profit from clean technologies. Clean Edge, with offices in the San Francisco Bay Area and Portland Oregon, offers unparalleled insight and intelligence on emerging clean-tech trends, opportunities, and challenges. Among its many activities, the company publishes the annual Clean Energy Trends and Clean Tech Job Trends reports; produces the annual Clean-Tech Investor Summit (along with IBF); maintains a number of benchmark clean-tech stock indexes with NASDAQ OMX including CELS, QWND, and QGRD; and produces Clean Edge Jobs, a leading online jobs board for clean-tech job seekers, employers, and recruiters. To keep abreast of the latest clean-tech news; access industry reports; learn more about Clean Edge, or sign up for the firm's free e-newsletters; visit http://www.cleanedge.com.
NASDAQ Clean Edge Green Energy Index ("Index") is the exclusive property of The NASDAQ OMX Group, Inc., (collectively, with its affiliates "NASDAQ OMX") and Clean Edge, Inc. ("Clean Edge").
NDAQG