PORTLAND, Maine, June 23, 2026 (GLOBE NEWSWIRE) — The Elmet Group Co. (Nasdaq: ELMT) (“Elmet” or the “Company”)a US-based supplier of precision-engineered components and advanced high-energy systems, to join Russell 3000 for the broad market® and Russel Microcap® Indexes at the end of the annual reconstruction of the 2026 Russell indexes, effective after the opening of the US market on June 26, 2026, according to a preliminary list of additions published last month.
The June reconstruction of the US Russell indexes included the 4,000 largest US stocks as of April 30 each year, ranked by their total market capitalization. Membership of the Russell 3000® The index, which will remain in place for six months from 2026, means automatic inclusion in the large-cap Russell 1000® Index of small-cap Russell 2000® Index, as well as the applicable growth and value style indexes. FTSE Russell determines the membership of its Russell indices primarily based on objective market capitalization rankings and style characteristics.
“Will be added to the Russell 3000® and Russel Microcap® Indexes is a meaningful recognition of the progress we have made in establishing Elmet as a leader in critical materials and defense technology,” said Peter V. Anania, CEO of the company. “This milestone strengthens our profile with institutional investors following our initial public offering in April and reinforces our commitment to driving sustainable growth and long-term value for our shareholders.”
Russell indexes are widely used by asset managers and institutional investors for index funds and as benchmarks for active investment strategies. The Russell US indexes, owned by FTSE Russell, the global index provider, hold approximately $12.2 trillion in assets as of end-June 2025, according to data compiled by the London Stock Exchange Group.
About the Elmet group
The Elmet Group is a US-based supplier of precision engineered components and advanced high-energy systems for the aerospace, defense, government, industrial, medical, semiconductor, electronics and energy industries. The company operates through two divisions, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), using materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is committed to strengthening domestic manufacturing capabilities to support the needs of the U.S. and its allies in both critical materials and advanced high-power microwave systems.
About FTSE Russell, an LSEG company
FTSE Russell is a global index leader providing innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indices that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market worldwide. The expertise and products of the FTSE Russell index are widely used by institutional and retail investors worldwide.
Approximately $21.20 trillion is benchmarked against FTSE Russell indices. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indices to benchmark their investment performance and create ETFs, structured products and index-based derivatives.
A core set of universal principles guides the design and management of the FTSE Russell index: a transparent, rules-based methodology is informed by independent committees of leading market participants. FTSE Russell focuses on applying the highest industry standards in index design and management and embraces the IOSCO principles. FTSE Russell is also focusing on index innovation and client partnerships as it looks to increase the breadth, depth and scope of its offering.
FTSE Russell is wholly owned by LSEG.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding future performance, expected results and strategic initiatives. Forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. When words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “predict,” “target,” “forecast,” “may,” “would,” “could,” “might,” and “will,” the negative terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results may differ materially from those expressed in these forward-looking statements. Factors that could affect results include the company’s ability to benefit from inclusion in the Russell 3000® Index, the Russell Microcap® Index, or any other indices to the extent expected, to a lesser extent or not at all, as well as the factors discussed in The Elmet Group Co.’s registration statement. on Form S-1 (File No. 294725), as amended, and subsequent filings made by The Elmet Group Co. files with the U.S. Securities and Exchange Commission. The Elmet Group Co. has no obligation to update these statements, except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Company contact person
Chris Chandler
contact@theelmetgroup.com
Contact person for investors
Tom Colton and Greg Bradbury
Gateway Group, Inc.
ELMT@gateway-grp.com
949-574-3860
