TechAmerica Illinois Tech Index Value Increases by 7.4 Percent, Adds Constituents

NAPERVILLE, Ill., Nov. 9, 2010 /PRNewswire/ -- TechAmerica announced today that the NASDAQ OMX AeA Illinois Tech Index (NASDAQ: ILTI) increased by 7.4 percent from November 6, 2009 – November 5, 2010. Within the last month, two new constituents, John Bean Technologies Corporation and Merge Healthcare Incorporated, were added to the index.

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"The performance of the index illustrates the resilience of the technology industry even during difficult economic times," said Ed Longanecker, executive director, TechAmerica Midwest. "We applaud the index companies and greater technology community in Illinois for their many contributions to our industry and economy."

On May 19, 2008, then-AeA and The NASDAQ Stock Market, a subsidiary of the NASDAQ OMX Group, Inc, officially unveiled the NASDAQ OMX AeA Illinois Tech Index, the first state-wide public technology index in the U.S., developed to promote Illinois' leading technology companies and outstanding technology resources. The index is a public-private partnership supported by the Illinois Department of Commerce and Economic Opportunity, Grant Thornton LLP, Baker & McKenzie, and the Illinois Biotechnology Industry Organization (iBIO), and tracks all public companies headquartered in Illinois from major sectors including high tech manufacturing, information technology, biotech, alternative fuels, and life sciences.

The NASDAQ OMX AeA Illinois Tech Index is a market capitalization-weighted index that began with a base value of 1000.00. Since its inception the index value has decreased in value by 10 percent, but has shown positive momentum over the past year with an increase in value of 7.4 percent despite the turbulent economy.

As of November 5, 2010, there were fifty companies listed on the Illinois Tech Index (ILTI) with a combined market value of nearly $271 billion. There were several constituent deletions and additions in 2010. Significant events included the acquisition of Life Quotes, Inc. by LQ Acquisition Inc., acquisition of ATC Technology Corporation by GENCO Distribution System, Inc., and the addition of Merge Healthcare Incorporated (NASDAQ (GM): MRGE ) and John Bean Technologies Corporation (NYSE: JBT) to the index.

The top ten index constituents include: Abbott Laboratories 29 percent; Boeing Company (The) 19.2 percent; Baxter International Inc. 11.1 percent; Illinois Tool Works Inc. 9 percent; Archer-Daniels-Midland Company 7.4 percent; Motorola, Inc. 7 percent; Hospira Inc. 3.6 percent; IDEX Corporation 1.1 percent; Allscripts Healthcare Solutions Inc. 1 percent; and Tellabs, Inc. 1 percent.

The Illinois Tech Index is calculated during the trading day and is disseminated every 15 seconds from 09:30:15 to 17:16:00 ET. For a live quote, or for more information on the index, visit http://www.techamerica.org/illinois-tech-index.

About TechAmerica

TechAmerica is the leading voice for the U.S. technology industry – the driving force behind productivity growth and jobs creation in the United States and the foundation of the global innovation economy. Representing approximately 1,200 member companies of all sizes from the public and commercial sectors of the economy, it is the industry's largest advocacy organization and is dedicated to helping members' top and bottom lines. TechAmerica is also the technology industry's only grassroots-to-global advocacy network, with offices in state capitals around the United States, Washington, D.C., Europe (Brussels) and Asia (Beijing).It was formed by the merger of AeA (formerly the American Electronics Association), the Cyber Security Industry Alliance (CSIA), the Information Technology Association of America (ITAA) and the Government Electronics & Information Technology Association (GEIA).Learn more about TechAmerica at www.techamerica.org.

SOURCE TechAmerica

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