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The company said that the extension would give its board and management time to consider strategic alternatives to deregistration that "they believe may be in the best interests of PureRay and its shareholders."
PureRay said it has not yet determined to implement any such strategic alternatives to deregistration but that, "We want to weigh all options that are available to us," according to company CEO Jefrey Wallace.
Atlanta-based PureRay makes a self-contained, solar-powered LED lighting system for use in markets without access to electrical-power grids. The company is focused on making solar-based charging and lighting systems for developing-world countries in Africa, South Asia, the Caribbean and Latin America, as well as for domestic markets.
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