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News Article

AXT upgraded to NASDAQ Global Select Market

AXT, a manufacturer of compound semiconductor substrates, today announced that the NASDAQ Stock Market has upgraded the listing of the Company's securities to the NASDAQ Global Select Market effective January 3, 2011. The Company's securities will continue to trade under the symbol "AXTI."

AXTI Chief Executive Officer Dr. Morris S. Young said, "Having qualified for the NASDAQ Global Select Market is significant validation of the Company and our Board's dedication to corporate governance practices of the highest standard and integrity. Inclusion in this market should increase our visibility in the capital markets and further broaden our shareholder base."

http://www.axt.com.
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