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ClearOne Joins Russell Microcap Index and AVnu Alliance

ClearOne_logoClearOne, a global communications and entertainment solutions company, announced today that it has been added to the Russell Microcap® Index, following the Russell Investment Group’s annual reconstitution of its indexes. The Russell Microcap Index is constructed to provide a comprehensive and unbiased barometer for the microcap and smallcap segments trading on national exchanges.

“ClearOne’s inclusion in the Russell Microcap Index is a clear acknowledgement of our effort to increase the market value of the company,” said Zee Hakimoglu, President, Chief Executive Officer and Chairman of ClearOne. “We are pleased with this important milestone achievement for ClearOne and expect this membership to increase our exposure within the institutional investment community.”

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

ClearOne also announced its membership to the AVnu Alliance™, the industry forum which promotes IEEE Audio Video Bridging (AVB) standards. ClearOne joins the growing list of industry stakeholders in the Automotive, Professional, and Consumer Electronics industries who promote Audio Video Bridging AVB and its role in delivering the highest quality A/V experience.

“We are an ardent proponent of technology standards and strongly support the AVnu Alliance mission,” said Michael Braithwaite, ClearOne’s chief strategy officer. “Joining AVnu will help ensure that StreamNet™ products leverage AVB standards and seamlessly operate on networks with other AVB components.” StreamNet is ClearOne’s innovative technology for distributing, synchronizing and controlling AV content over Internet protocol networks.

“Adopting AVB will let us extend StreamNet to a new level of performance,” said Braithwaite. “We will use it in developing professional, leading-edge AV streaming products that reliably deliver rich multi-media content in high-traffic network environments.”

Audio Video Bridging is a set of standards currently in development by the IEEE 802.1 Task Group. The standards provide professional quality AV to be effectively transported over Ethernet with guaranteed quality of service and low latency.

“Audio Video Bridging provides a robust standards-based foundation for AV distribution for a broad range of applications,” said Lee Minich, Marketing Work Group chair of AVnu Alliance and president of Lab X Technologies. “We welcome ClearOne and their expertise in AV conferencing and networking, and their sharing of our collective vision of an interoperable AVB ecosystem.”

The complete Russell Microcap Index including recent additions and deletions can be found at www.russell.com/indexes.

About ClearOne

ClearOne is a global communications solutions company that develops and sells conferencing, collaboration, multi-media streaming and connectivity systems for audio, video, and web applications. The reliability, flexibility and performance of our advanced comprehensive solutions enhance the quality of life through better communication, education, and entertainment.

We develop, manufacture, market, and service a comprehensive line of high-quality audio conferencing products under personal, tabletop, premium and professional categories. We occupy the number one position in the global professional audio conferencing market with nearly 50% of the global market share. Our conferencing solutions save organizations time and money by creating a natural environment for collaboration.

NetStreams, a ClearOne brand of residential products, delivers the ultimate IP A/V experience by distributing high definition audio and video over TCP/IP networks. NetStreams’ products, designed for commercial and residential use, offer unprecedented levels of performance, functionality, simplicity, reliability, and expandability. By combining audio/video content, meta-data and control signals into one stream and incorporating industry standards, NetStreams’ newly patented StreamNet® solutions are a smart investment, enabling the Power of AV over IP™ – today.

NetStreams’ StreamNet technology provides elegant solutions for streaming media & control applications such as digital signage, distribution of HD video and audio, LAN Cloud Matrix Switching™, and audio paging over data networks.

About Russell Investments

Russell Investments is an independent, global financial services firm that provides strategic advice, investment solutions, implementation services and global performance benchmarks that are customized to meet the unique needs of institutional investors, financial advisors and individuals.

Celebrating its 75th anniversary in 2011, 25 years in Sydney and Tokyo and 15 years in the Netherlands, Russell has pioneered innovations that have come to define many of the practices that are standard in the investment world today, and has four decades of experience researching and selecting money managers globally.

Russell has about $161 billion in assets under management (as of 3/31/11) and works with 2,300 institutional clients, 530 independent distribution partners and millions of individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2 trillion in assets under advisement (as of 12/31/2010) and traded $1.4 trillion last year through its implementation services business. The Russell Global Indexes calculate over 50,000 benchmarks daily covering 85 countries and more than 10,000 securities.

Founded in 1936, Russell is headquartered in Seattle, Washington, USA and has offices in Amsterdam, Auckland, Chicago, London, Melbourne, Milan, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto.

About AVnu Alliance

AVnu Alliance is an industry forum dedicated to enabling professional-quality audio video transport by promoting the adoption of IEEE 802.1 AVB and the related standards over various networking link-layers. The member companies create and implement compliance test procedures and processes that promote interoperability of AVB-enabled networked products. More information can be found on the AVnu Alliance Web site at http://www.AVnu.org.

Contact:
Jeff LeFevre
Sr. Marketing Communications Director
801-303-3438
jeff.lefevre [at] clearone.com

Source:  ClearOne