LOS ANGELES, April 9, 2012 /PRNewswire/ -- Ciralight Global, Inc. (OTC:DB: CGHA), a leading sustainable energy company, is pleased to announce the appointment of Jarett Fenton as the company's Chief Financial Officer.
Mr. Fenton will represent Ciralight to the investment community and be responsible for positioning the company to access capital markets. Mr. Fenton will also manage the financial and reporting functions at the company as well as investor relations.
Ciralight CEO Jeffrey Brain stated, "I am pleased to welcome Jarett to Ciralight. As our most recent financials show, we are continuing to grow the company. Jarett brings a critical skill set that will enable us to capitalize the company, accelerate our market penetration, and ultimately become profitable."
Mr. Fenton comes to Ciralight on contract from Orchid Capital, where he serves as a director. Orchid is a fundraising and transaction advisory firm that specializes in helping small and mid-sized businesses raise capital. Mr. Fenton is a financial executive with over 15 years of corporate finance and capital markets experience. Most recently prior to Orchid, he served as Chief Financial Officer of Enova Systems, a dual listed public company with active listings on NYSE Amex and London AIM. Enova designs and manufactures clean vehicle drive systems for heavy vehicle applications.
During his four year tenure, he oversaw the execution of several multi tranche domestic and international fundraises of approximately $50M. He managed an international investor base that included bulge bracket financial institutions, conglomerate pension funds, hedge funds, insurance companies, and private investors. Prior to serving at Enova, Mr. Fenton served as Managing Director of the Clarity Group, a company he co-founded to provide SEC and Corporate Compliance consulting services. Before Clarity Group, he served as a senior associate at PricewaterhouseCoopers LLP. Mr. Fenton graduated from the University of California at Santa Barbara and is a Certified Public Accountant.
Contact Business Development: Jeff Brain CEO - 877-520-5005 x130
Contact Investor Relations: Jarett Fenton CFO - 877-520-5005 x123
About Ciralight Global
Ciralight Global, Inc. 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.
SOURCE Ciralight Global, Inc.