Power-One Announces Inclusion in the NASDAQ Clean Edge U.S. Liquid Series Index Fund.CAMARILLO, Calif. -- Power-One, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PWER) today announced that the company has been chosen as a component within the newly launched First Trust NASDAQ[R] Clean Edge[R] U.S. Liquid Series Index. The First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund is designed to track the performance of clean-energy companies that are publicly traded in the United States. Power-One shares will trade within the exchange traded fund Exchange Traded Fund Similar to an index mutual fund, these tracking stocks trade continuously. Two popular ETFs are the Standard and Poor's depositary receipt (SPDR) launched in 1993 and the NASDAQ-100 Index Tracking Stock (QQQ) which was launched in 1999. (ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). ) under the funds ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors QCLN. "We are pleased to have been chosen to be part of the First Trust NASDAQ Clean Edge U.S. Liquid Series Fund," said Bill Yeates, Chief Executive Officer of Power-One. "Inclusion in this fund highlights our position as a clean-energy company and our commitment to provide the Alternative Energy and communications and server infrastructure markets with competive, environmentally-friendly, energy-saving products." Power-One is a leading designer and manufacturer of power conversion products sold primarily to OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers in the telecommunications and server/storage markets; as well as data communications equipment See DCE. Data Communications Equipment - Data Communication Equipment manufacturers. Power-One's high-reliability products are also used in applications such as test equipment, high-end industrial applications, and alternative energy. Power-One, with headquarters in Camarillo, CA, has over 4,000 employees with manufacturing and/or R&D operations in the United States, Dominican Republic, Italy, Hungary, Switzerland, Slovakia, Ireland and China. For information on Power-One and its products, visit the company's Web site at www.power-one.com. |
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