Dallas, Texas 07/16/2013 (Financialstrend) – The purchase and installation activities related to the LED lighting products for the customers of Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) will from now on be financed with the assistance of Aston Capital. The limited partnership private equity firm has recently formed the LightCap I Fund to finance this project and will thereby provide the company’s customers with a wide range of innovative, customized and flexible solutions to proceed with their LED lighting purchases and installation. The customers could thereby enjoy the benefits of significant savings in the costs related to energy and other implementation charges without any initial investments.
The financing to be provided through the LightCap I Fund will be used to cover the initial expenses and other related costs such as that of amortization to be incurred for the LED purchases. The heavy initial cost and maintenance expenses related to such purchases had kept many customers away from this market and RVLT is now ensured that more customers would be attracted to the products of their company through this new financing arrangements.
Intraday range was from a low price of $4.56 to a high price of $5.41. The share price of Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) closed for the day at $5.02, recording an increase of 13.06%. The 52-week price range for the stock was from $0.11 to a high price range of $5.41.The stock opened at the price of $4.59 on Monday with a market capitalization of $352.47 million and 70.21 million outstanding shares. With an institutional ownership of 10%, the trading volume for the day of Revolution Lighting was 4.83 million and the average trading volume was 1.22 million shares.