GENEVA, SWITZERLAND--(Marketwire - May 10, 2011) - Etrion Corporation ("Etrion" or the "Company") (TSX:ETX)(OMX:ETX), an independent solar power producer, announced today that the Company will be added to the NASDAQ OMX Stockholm Benchmark index (OMXSB) effective June 1, 2011.
Marco Northland, Etrion's CEO, commented, "We are pleased to be selected for the OMX Stockholm Benchmark index, a popular Swedish benchmark index for institutional investors. The addition of Etrion to the index gives us exposure to index-tracking funds and reflects the increased liquidity of our shares in Stockholm."
The OMXSB index includes the 86 largest and most traded stocks across ten sectors. The weighting of the stocks is based on market value adjusted by free float. The index serves as an indicator of the overall trend on NASDAQ OMX Stockholm and is intended to offer a cost effective index that an investor can replicate.
Securities in the index must meet specific eligibility criteria, including a turnover screening. The OMXSB index is evaluated on a semi-annual basis in May and November, and the new index portfolio becomes effective on the first trading day in June and December, respectively.
About Etrion
Etrion Corporation develops, builds, owns and operates solar power plants. Etrion currently owns 47 megawatts (MW) of operational, ground-based solar photovoltaic (PV) power plants in Italy. The Company is listed on the Toronto Stock Exchange and the NASDAQ OMX Stockholm exchange (ticker symbol "ETX"). Etrion's largest shareholder is the Lundin family, which owns approximately 25% of the Company's shares through various trusts.
For additional information, please visit the Company's website at www.etrion.com.
Contact Information:
Garrett Soden
Chief Financial Officer
+41 (22) 715 20 90
www.etrion.com