Ciralight Global, Inc. (OTC:BB:CGHA.OB) Ciralight Global, a publicly traded world leading sustainable energy company announced that the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTC effective March 30, 2012.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded company stocks and other securities. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible". This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
“We are pleased to announce that we have obtained DTC eligibility,” Jeff Brain, Chairman and CEO, Ciralight Global, Inc., states. “Our shares can now be traded through professional accounts giving greater access to liquidity and an expansion of the types of investors who can now consider our shares for investment. We continue to make positive steps to grow the Company. We will continue to update our shareholders on our progress."
Shareholders who require assistance transferring shares may call management for assistance.
Ciralight manufactures patented SunTracker™ lighting solutions that enable commercial and industrial buildings to utilize sunlight to illuminate indoor spaces. The Ciralight SunTracker™ unit utilizes a solar powered GPS controller and mirrors to direct sunlight through a skylight diffuser. The result is a sustainable lighting solution that can offer up to 10.5 hours of free indoor light. Using Sun-tracking technology allows our Ciralight SunTrackers to illuminate buildings longer and more effectively than traditional skylights. Furthermore, the natural diffused light is high quality, more conducive to retail, educational, and industrial purposes. Ciralight SunTrackers™ provide the illumination of a 1,000 watt metal halide light fixture. These units are entirely solar powered so they do not require any electricity or electrical hookup. Ciralight SunTrackers™ are designed with dual thermal barriers so they prevent the heat associated with traditional skylights. Ciralight SunTrackers™ are used by Staples, Office Depot, IKEA, Google, Whole Foods, Johnson and Johnson, Caterpillar, Emerson, Frito Lay, Schiphol Amsterdam Airport, Boeing, Eaton, and others.
Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements. Ciralight Global, Inc. disclaims any intent or obligation to update any forward-looking statements. These forward-looking statements are based on the reasonable expectations of Ciralight Global, Inc. as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ materially from current expectations. The information discussed in this release is subject to various risks and uncertainties, results of operations or financial condition, national and international government regulations and the risks associated with doing business across borders and territories, and such other risks and uncertainties as detailed from time to time in Ciralight Global, Inc.'s public filings with the U.S. Securities and Exchange Commission.