2022-06-27 | NDAQ:ORGN | Press release

Origin Materials, Inc. (“Origin,” “Origin Materials,” or the “Company”) (Nasdaq: ORGN, ORGNW), the global leader in carbon negative materials whose mission is to enable the global transition to materials sustainable, will join the Small Cap Russell 2000® Russell 3000 Index and Broad Market® Index, in effect after the US market opens on June 27, 2022, as part of the annual reconstitution of the 2022 Russell indices.

The annual Russell Indices Replenishment captures the top 4,000 U.S. stocks as of May 6, ranking them by total market capitalization. Membership in the US All Cap Russell 3000® The index, which remains in place for a year, means automatic inclusion in the large-cap Russell 1000® Russell 2000 Index or Small Cap® Index as well as appropriate growth and value style indices. FTSE Russell determines membership in its Russell indices primarily by objective market capitalization rankings and style attributes.

“We are pleased to announce that Origin has been selected to feature in the Russell 2000® and 3000® Index. This is an important milestone for our business and reflects the continued execution on the part of our team,” said Rich Riley, co-CEO of Origin. “Adding Origin to the Russell Indices will strengthen our reach within the investment community, better positioning us to meet the growing demand we are seeing for our cutting-edge technology as the world moves aggressively toward a future zero carbon.”

Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Around $12 trillion in assets are benchmarked against US Russell indices. Russell Indices are part of FTSE Russell, one of the world’s leading index providers.

For more information on the Russell 2000® Index, Russell 3000® Index and Reconstruction of Russell Indexes, go to the “Russell Reconstruction” section on the FTSE Russell website.

About Origin Materials, Inc.

Based in West Sacramento, Origin Materials is the global leader in carbon negative materials. Origin’s mission is to enable the global transition to sustainable materials. For more than a decade, Origin has developed a platform to turn the carbon in cheap, abundant, non-food biomass, like sustainable wood residues, into useful materials while capturing carbon in the process. Origin’s patented technology platform can help revolutionize the production of a wide range of end products, including apparel, textiles, plastics, packaging, auto parts, tires, carpets, toys, etc., with an addressable market of approximately $1 trillion. Additionally, Origin’s technology platform is expected to provide stable pricing largely decoupled from the oil supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues. Origin’s patented core technology, economy and carbon impact are supported by a growing list of major global customers and investors. For more information, visit www.originmaterials.com.

About FTSE Russell

FTSE Russell is a global index leader providing innovative benchmarking, analytics and data solutions to investors around the world. FTSE Russell calculates thousands of indices that measure and compare markets and asset classes in over 70 countries, covering 98% of the global investment market.

The expertise and products of the FTSE Russell Index are widely used by institutional and retail investors around the world. About $20 trillion is currently indexed to the FTSE Russell indices. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen the FTSE Russell indices to benchmark their investment performance and create ETFs, structured products and derivatives based on indices.

A set of universal principles guides the design and management of the FTSE Russell Index: a transparent rules-based methodology is informed by independent committees made up of leading market participants. FTSE Russell focuses on applying the highest industry standards in index design and governance and adheres to the principles of IOSCO. FTSE Russell is also focused on index innovation and client partnerships as it seeks to improve the breadth, depth and reach of its offering.

FTSE Russell is 100% owned by the London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Caution Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are usually accompanied by words such as “believe,” “may,” “will,” “estimate,” “go ahead,” “anticipate,” “intent,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seems,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Origin Materials’ business strategy and estimated total addressable market. These statements are based on various assumptions, whether or not identified in this press release, and the current expectations of Origin Materials’ management and are not predictions of actual performance. These forward-looking statements are provided for informational purposes only and are not intended to be relied upon and should not be relied upon as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many real events and circumstances are beyond the control of Origin Materials. These forward-looking statements are subject to a number of risks and uncertainties, including that Origin Materials may not be able to successfully commercialize its products; the effects of competition on Origin Materials’ Company; disturbances and other impacts on the source materials’ undertaken as a result of the COVID-19 pandemic and other global health or economic crises; changes in customer demand; and the factors discussed in the Quarterly Report on Form 10-Q filed with the SEC on May 9, 2022 under the heading “Risk Factors,” and other documents that Origin Materials has filed or will file with the SEC. If one of these risks materializes, or if our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Origin Materials is not currently aware of, or that Origin Materials currently believes are not material, that could also cause actual results to differ materially from those contained in the forward-looking statements. Further, forward-looking statements reflect Origin Materials’ expectations, plans or forecasts of future events and beliefs as of the date of this press release. Origin Materials anticipates that subsequent events and developments will cause its assessments to change. However, while Origin Materials may choose to update these forward-looking statements at some time in the future, Origin Materials expressly disclaims any obligation to do so. These forward-looking statements should not be construed as representing Origin Materials’ valuations of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed on forward-looking statements.

Back To Top