Orlando, Fla., June 29, 2009 - Intellon Corporation
), a leading provider of HomePlug®-compatible integrated circuits (ICs) for home networking, networked entertainment, Ethernet-over-Coax (EoC) and smart grid applications, today announced that it has joined the Russell 3000 Index as of June 26, 2009. The index, which is reconstituted annually, is comprised of the 3000 largest public companies listed on U.S. stock exchanges as measured by market capitalization.
"We are proud to be added to the Russell 3000 Index and view it as a milestone for Intellon," commented Brian McGee, Chief Financial Officer of Intellon. "One of the benefits of inclusion in the index is the potential to increase the visibility and liquidity of our stock."
The Russell 3000 index intends to provide a comprehensive barometer of the broad market and is commonly used by investors as a benchmark for both active and passive investment strategies.About Intellon CorporationIntellon
(Nasdaq: ITLN) is a market leader in powerline
communications, providing HomePlug® compliant and other powerline integrated circuits for home networking, networked entertainment
access, Ethernet-over-Coax (EoC), smart grid management and other commercial applications. Intellon created and patented the baseline technology for HomePlug 1.0, and is a major contributor to the baseline technology for the 200-Mbps PHY-rate HomePlug AV powerline standard
. With more than 30 million HomePlug-based ICs sold, Intellon is the market share leader in the HomePlug IC market. The Company was founded in 1989 and is headquartered in Orlando, Florida, with offices in Ocala, Florida, San Jose, California and Toronto, Canada. For additional information, visit www.intellon.com
. Cautionary Note Regarding Forward-Looking Statements:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements include, but are not limited to, assertions regarding the potential for increased visibility and liquidity of Intellon's common stock. Actual future results could differ materially from those anticipated as a result of certain risks and uncertainties. These factors include, but are not limited to, whether inclusion in the Russell 3000 Index increases awareness of, and trading in, Intellon common stock and whether Intellon is able to maintain its membership in the future, the risk that the market for powerline communications products, including Intellon ICs, may not develop as expected; the risk that Intellon may be unable to manage its growth effectively; uncertainties associated with competitive pressures, technical challenges and changes in industry standards; customer concentration and changes in customer demand and product mix; fluctuations in the availability and pricing of third party products and services used to manufacture, assemble and test Intellon's products; problems or delays in the fabrication, assembly, testing or delivery of Intellon's products; and economic and political uncertainties in Intellon's markets, including the risk of continued volatility and uncertainty in global financial and commercial markets. These and other risk factors are described in detail in the Risk Factors section of Intellon's Form 10-Q
dated May 8, 2009, as filed with the Securities and Exchange Commission. Intellon assumes no obligation to update the forward-looking information contained in this release. Intellon and No New Wires are registered trademarks of Intellon Corporation. HomePlug is a registered trademark of the HomePlug Powerline Alliance, Inc. All other trademarks mentioned are the property of their respective owners.For More Information:
The Blueshirt Group for Intellon CorporationSuzanne@blueshirtgroup.com
+1- 415-217-7722# # #