Key Developments: Cleantech Solutions International Inc (CLNT.OQ)

CLNT.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Cleantech Solutions International Inc receives $7.3 million in orders for wind power equipment
Wednesday, 10 Dec 2014 10:18am EST 

Cleantech Solutions International Inc:Receives two purchase orders in early Dec. for a total purchase price of about $7.3 mln from customers in the wind power industry.Pursuant to one of the purchase orders, Cleantech Solutions will supply shafts to a major wind turbine and electric machinery manufacturer in China, for a purchase price of about $4.4 mln.Cleantech Solutions has received an advance payment of about $0.9 mln, or 20 pct of the purchase price.Will receive an additional 70 pct upon delivery, and will receive the remaining 10 pct within three months after delivery provided that there are no technical problems with the equipment.Company expects to deliver the equipment in May 2015.Pursuant to the second purchase order, Cleantech Solutions will supply gearbox casings for wind power equipment to one of the largest industrial blower manufactures in China, for about $2.9 mln.Cleantech Solutions has received an advance payment of about $0.6 mln, or 20 pct of the purchase price, will receive an additional 70 pct upon delivery, and will receive the remaining 10 pct within three months after delivery provided that there are no technical problems with the equipment.Company expects to deliver the equipment in March 2015.  Full Article

Cleantech Solutions International Inc receives $2.2 mln in orders for oil refinery parts and equipment
Tuesday, 2 Dec 2014 07:30am EST 

Cleantech Solutions International Inc:Says it received a purchase order for a total purchase price of 13.3 mln yuan (about $2.2 mln) from a subsidiary of China Petroleum and Chemical Corp.Purchase order covers parts and equipment including heat exchangers, coolers, reboilers, condensers and prefractionating columns used in offshore oil refineries.  Full Article

Cleantech Solutions International Inc receives two patents related to its air flow dyeing machines
Tuesday, 28 Oct 2014 08:00am EDT 

Cleantech Solutions International Inc:Receives two new patents.Says patents (Patent Nos. ZL 2013 1 0004772.8 and ZL 2013 1 004736.1).Says patent cover components of hot air circulation system of company's low emission air flow dyeing machine.Patents provide Dyeing with exclusive use of system components in dyeing equipment for period of 20 years.  Full Article

Cleantech Solutions International Inc Reaffirms FY 2013 Revenue Guidance
Wednesday, 13 Nov 2013 07:30am EST 

Cleantech Solutions International Inc announced that Based on current and anticipated orders, for fiscal 2013, it expects revenue in the range of $60-$62 million and net income in the range of $8.0-$8.5 million.  Full Article

Cleantech Solutions International Inc Raises $0.6 Million in Net Proceeds from Sale of Common Stock
Thursday, 11 Jul 2013 04:30pm EDT 

Cleantech Solutions International Inc announced that the Company entered into a stock purchase agreement on July 10, 2013 pursuant to which the Company sold a total of 150,508 shares of common stock at a purchase price of $4.70 per share. The shares were sold pursuant to a prospectus supplement dated July 10, 2013 to the Company's registration statement on Form S-3. The Company did not engage a placement agent with respect to the sale. The Company paid a fee of 10% and a non-accountable expense allowance of 2%, for a total of $84,892, to Fernando Liu with respect to the sale made to an investor introduced to the Company by Mr. Liu who is not a U.S. Person. The net proceeds received by the Company from the sale of the shares were approximately $620,000. The Company will use the proceeds for working capital and other general corporate purposes. The Company does not anticipate raising equity capital for the balance of 2013.  Full Article

Cleantech Solutions International Inc Issues FY 2013 Guidance
Tuesday, 2 Jul 2013 07:30am EDT 

Cleantech Solutions International Inc announced that for fiscal 2013, it expects revenue in the range of $60-$62 million and net income in the range of $8.0-$8.5 million.  Full Article

Cleantech Solutions International Inc Raises $1.8 Million In Net Proceeds From Sale Of Common Stock
Friday, 21 Jun 2013 07:30am EDT 

Cleantech Solutions International Inc announced that it has entered into stock purchase agreements dated June 17, 2013 and signed on June 18, 2013 pursuant to which the Company sold a total of 428,398 shares of common stock at a purchase price of $4.50 per share. The shares were sold pursuant to a prospectus supplement dated June 18, 2013 to the Company's registration statement on Form S-3. The Company did not engage a placement agent with respect to the sale. The Company paid a fee of 10% and a non-accountable expense allowance of 2%, for a total of $154,745, to Fernando Liu with respect to sales made to investors introduced to the Company by Mr. Liu who are not U.S. Persons. The net proceeds received by the Company from the sale of the shares were $1,767,546. The Company intends to use the net proceeds working capital and other general corporate purposes.  Full Article

Cleantech Solutions International Inc Receives $2.0 Million In New Orders For Airflow-Dyeing Machines
Thursday, 20 Jun 2013 07:30am EDT 

Cleantech Solutions International, Inc. announced that the Company has received purchase orders totaling RMB12.2 million (approximately $2.0 million) for 21 airflow-dyeing machines from a new domestic customer. Cleantech Solutions has received an advance payment of approximately $0.4 million, or 20% of the purchase price, will receive an additional 70% of the purchase price upon delivery, and will receive the remaining 10% within six months of delivery. The Company expects to begin delivering the units in September 2013.  Full Article

Cleantech Solutions International Inc Receives Patents For Airflow Dyeing Machine
Friday, 14 Jun 2013 08:00am EDT 

Cleantech Solutions International, Inc. announced that the Company recently received five new patent certificates (Patent Nos. ZL 2012 2 0752919. 2, ZL 2012 2 0752924. 3, ZL 2012 2 0752922. 4, ZL 2012 2 0752921. X and ZL 2012 2 0752917. 3) for devices and parts of its airflow dyeing machine. The new patents cover the dyeing liquid mixing device, dyeing liquid atomizing device, horizontal manipulated devices, mechanical seal and atomizer of its airflow dyeing machine. The patents relate to devices and parts that allow for lower water and energy usage, improved dyeing effects, extend the service life of the machine and provide easier cleaning of atomized dyeing equipment  Full Article

Cleantech Solutions International Inc Receives $3.8 Million in Purchase Orders for Airflow-Dyeing Machines
Tuesday, 12 Mar 2013 08:00am EDT 

Cleantech Solutions International Inc announced that the Company has received purchase orders totaling RMB23.7 million (approximately $3.8 million) for 42 airflow-dyeing machines from two new domestic customers. Pursuant to the first purchase order, the Company will deliver 20 airflow-dyeing machines for a purchase price of RMB11.2 million (approximately $1.8 million). Cleantech Solutions has received an advance payment of approximately $0.2 million, or 10% of the purchase price, will receive an additional 80% of the purchase price upon delivery, and will receive the remaining 10% within six months of delivery. The Company expects to begin delivering the units in June 2013. Pursuant to the second purchase order, the Company will deliver 22 airflow-dying machines for a purchase price of RMB12.5 million (approximately $2.0 million). The Company has received an advance payment of approximately $0.6 million, or 30% of the purchase price, will receive an additional 60% of the purchase price upon delivery, and will receive the remaining 10% within three months of delivery. Cleantech Solutions expects to deliver the units in June 2013.  Full Article

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