NASDAQ OMX and Clean Edge Introduce the NASDAQ OMX Clean Edge Global Wind Energy Index; Invesco PowerShares to Launch Exchange Traded Fund Based On New Index
NEW YORK, June 26, 2008 (PRIME NEWSWIRE) — The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today the introduction of the NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index(sm) (Nasdaq:QWND), a new benchmark for the global wind energy sector. The NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index is a modified market-capitalization index and includes companies that are primarily manufacturers, developers, distributors, installers, and users of energy derived from wind sources.
“Wind energy is one of the world’s fastest growing energy industries and the launch of this index brings more focus and definition to this important source of clean energy,” said NASDAQ OMX Executive Vice President John Jacobs. “This index is also a valuable addition to NASDAQ OMX’s current offering of environmental sustainability indexes.”
“Wind energy was a $30 billion global industry in 2007 and is projected to continue growing in the years ahead,” said Ron Pernick, Clean Edge Co-founder and Managing Director. “This benchmark enables investors to track the performance of pure-play and multinational companies that are key drivers of this rapidly expanding industry.”
Invesco PowerShares Capital management LLC, a leading provider of exchange-traded funds (ETFs), will develop an ETF based on the NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index and list the ETF on the NASDAQ Stock Market.
“We believe the PowerShares Global Wind Energy Portfolio (Nasdaq:PWND) will represent a lower cost way for investors to access this key alternative-energy market with the structural benefits of an ETF,” said Bruce Bond, President and CEO of Invesco PowerShares.
For more information about PowerShares ETFs, visit www.invescopowershares.com/products/.
The NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index is calculated in real-time across the combined exchanges and is disseminated by NASDAQ OMX in U.S. Dollars. The Index commenced calculation today with a value of 250.00.
The NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index is currently comprised of companies that are screened by Clean Edge and the components are divided into two categories; pure play securities and multinational corporation securities. To view the companies in the NASDAQ OMX(r) Clean Edge(r) Global Wind Energy Index, visit our website www.nasdaq.com/indexes.
About NASDAQ OMX Global Financial Products
NASDAQ OMX Global Financial Products (NOGFP) is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX indexes. NOGFP specializes in the development of indexes focusing on NASDAQ OMX’s brand themes of innovation, technology, growth, and globalization. NOGFP also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit www.nasdaq.com/indexes.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world’s broadest and most diverse exchange company. It delivers trading, exchange technology, and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products, and ETFs. NASDAQ OMX technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from Nasdaq OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
About Clean Edge
Clean Edge, Inc., with offices in the San Francisco Bay Area and Portland, Ore., is a leading research and publishing firm that helps companies, investors, and policymakers understand and profit from clean technologies. Founded in 2000, Clean Edge and its network of partners and affiliates offer unparalleled intelligence and insight into the clean-tech sector. Among its many activities, the company publishes the annual “Clean Energy Trends” report, produces the annual Clean-Tech Investor Summit (along with IBF), and maintains a number of clean-energy stock indexes. To keep abreast of the latest clean-tech news, access industry reports, learn more about the company’s annual summit and stock indexes, or sign up for Clean Edge’s free e-newsletter, visit www.cleanedge.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the NASDAQ OMX Clean Edge Global Wind Energy Index and NASDAQ OMX Group’s other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, factors detailed in NASDAQ OMX’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
The NASDAQ OMX Clean Edge Global Wind Energy Index (“Index”) is the exclusive property of The NASDAQ OMX Group, Inc., (collectively, with its affiliates “NASDAQ OMX”) and Clean Edge, Inc. (“Clean Edge”). NASDAQ OMX has contracted with Standard & Poor’s (“S&P”) to calculate and maintain the NASDAQ OMX Clean Edge Global Wind Energy Index. S&P shall have no liability for any errors or omissions in calculating the Index.
NASDAQ(r) and OMX(tm) are registered trademarks of NASDAQ OMX and The NASDAQ OMX Clean Edge Global Wind Energy Index(sm) is a service mark of NASDAQ OMX and Clean Edge. These marks are collectively licensed for use by PowerShares. The PowerShares Global Wind Energy Portfolio has not been passed on by NASDAQ OMX or Clean Edge as to its legality or suitability. The PowerShares Global Wind Energy Portfolio is not issued, endorsed, or sold by NASDAQ OMX or Clean Edge. NEITHER NASDAQ OMX NOR CLEAN EDGE MAKES ANY WARRANTIES OR BEARS ANY LIABILITY WITH RESPECT TO THE POWERSHARES GLOBAL WIND ENERGY PORTFOLIO.
NDAQG
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CONTACT: NASDAQ OMX Media Contact: Wayne Lee +301.978.4875 Wayne.D.Lee@NASDAQOMX.com Issuer & Investor Contact: Lisa Chaney +301.978.8281 Lisa.Chaney@NASDAQOMX.com Clean Edge, Inc. Ron Pernick +503.493.8681 pernick@cleanedge.com
