Key Developments: Cleantech Solutions International Inc (CLNT.PH)
3.66USD
20 May 2013
$0.23 (+6.71%)
$3.43
$3.57
$3.66
$3.57
200
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Latest Key Developments (Source: Significant Developments)
Cleantech Solutions International Inc Receives $3.8 Million in Purchase Orders for Airflow-Dyeing Machines
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
Cleantech Solutions International Inc Receives $1.9 Million Follow-on Purchase Orders for Airflow-Dyeing
Cleantech Solutions International Inc announced that the Company has received a follow-on purchase order for airflow-dyeing machines from its existing domestic customer. The purchase order provides for Cleantech Solutions to deliver a total of 21 airflow-dyeing machines using the Company's patented production technique, for a total purchase price of RMB11.8 million (approximately $1.9 million ). Pursuant to the purchase order, the Company has received an advance payment of approximately $1.1 million , or 60% of the purchase price, will receive an additional 30% of the purchase price upon installation, and will receive the remaining 10% within three months of installation. Cleantech Solutions expects to deliver the units in February 2013 . Full Article
Cleantech Solutions International Inc Receives $3.2 Million Purchase Orders For Dyeing Machines
Cleantech Solutions International Inc announced that the Company has received two purchase orders for dyeing machines from its new and existing domestic customers. The purchase orders provide for Cleantech Solutions to deliver a total of 84 dyeing machines, including 22 airflow-dyeing machines using the Company's patented production technique, for a total purchase price of RMB 20.2 million (approximately $3.2 million ). Pursuant to the purchase orders, the Company has received an advance payment of approximately $1.0 million , or 30% of the purchase price, will receive an additional 60% of the purchase price upon installation, and will receive the remaining 10% within three months of installation. Cleantech Solutions expects to deliver the units in February 2013 . Full Article
Cleantech Solutions International Inc Receives Patent for New Production Technique for Use in Dyeing Machines
Cleantech Solutions International Inc announced that the Company recently received a new patent certificate(Patent No. ZL 20122 0165878.7)for an production technique enabling more-effective clothwashing in dyeing machines under high temperature and pressure. The new patent was issued by the State Intellectual Property Office of the People's Republic of China (SIPO) and was granted to the Company's subsidiary, Wuxi Huayang Dyeing Machinery Co., Ltd., in November 2012. The patent will provide the Company with the exclusive use of this innovative production technique in dyeing equipment for a period of ten years. Full Article
Cleantech Solutions International Inc Appoints Adam Wasserman As Chief Financial Officer
Cleantech Solutions International Inc announced that the Company's Board of Directors appointed Adam Wasserman as its Chief Financial Officer (CFO), effective on December 10, 2012, following the resignation of Ms. Wanfen Xu on the same day. Full Article
Cleantech Solutions International Inc Receives $2.2 Million Purchase Orders for Airflow Dyeing Machines
Cleantech Solutions International Inc announced that the Company has received new and follow-on purchase orders for its airflow dyeing machines and related components from its new and existing domestic customers. The purchase orders provide for Cleantech Solutions to deliver a total of 23 units of airflow dyeing machines and components for a total purchase price of RMB13.8 million (approximately $2.2 million). Pursuant to the purchase orders, the Company has received an advance payment of $0.7 million, or 30% of the total purchase price, and will receive an additional 60% of the total purchase price upon installation and the balance within three months of installation. Cleantech Solutions expects to deliver the units by the end of December 2012. Full Article
Cleantech Solutions International, Inc. Receives New Order for Airflow Dyeing Machines and Follow-on Order for Solar Components
Cleantech Solutions International, Inc. announced that the Company has received a new purchase order to supply 21 units of airflow dyeing machines and related components to a domestic customer. The purchase order provides for Cleantech Solutions to deliver the airflow dyeing machines and components for a purchase price of RMB11.6 million (approximately $1.8 million). Pursuant to the purchase order, Company has received an advance payment of $0.5 million, or 30% of the total purchase price, and will receive an additional 60% of the total purchase price upon installation and the balance within three months of installation. Cleantech Solutions expects to deliver the units by the end of November 2012. The Company's airflow dyeing machines use air flow rather than water which is used in the traditional dyeing process. The Company believes that the technology used in its air flow units results in reduced input costs, fewer wrinkles, less damage to the textile, and reduced emissions. Cleantech Solutions also received a follow-on purchase order to supply 25 units of solar components to its China-based solar customer. The purchase order provides for Company to deliver a total of 25 units of various solar components for a total purchase price of $0.7 million. Cleantech Solutions expects to deliver the units by the end of August 2012. In addition to this order, the Company has an order backlog of 25 to 30 units of solar products, which it expects to ship by the end of September 2012. Full Article
Cleantech Solutions International, Inc. Receives Additional Orders for Solar Components
Cleantech Solutions International, Inc. announced that the Company has received follow-on purchase orders to supply 20 units of solar components to its international customer and has received maintenance orders from its Chinese domestic customer, for an aggregate amount of $0.78 million. The purchase order provides for Cleantech Solutions to deliver a total of 20 units of various solar components to its international customer for total revenue of $0.54 million. The Company has received advance payment of $0.2 million and expects to deliver the units by the end of July 2012. The Company is currently also working on maintenance orders for its domestic customer, for total revenue of $0.23 million. Full Article
Cleantech Solutions International, Inc. Receives $1.7 Million In Orders For Wind Power Components
Cleantech Solutions International, Inc. announced that the Company has received purchase orders to supply motor shaft forgings to Nanjing Turbine & Electric Machinery Changfeng Alternative Energy Co., Ltd for an aggregate amount of $1.7 million. The purchase orders provide that Cleantech Solutions will deliver a total of 800 units of motor shaft forgings, amounting to total revenue of RMB10.6 million (approximately $1.7 million) by the end of 2012. The Company has received advance payments of RMB1.6 million (approximately $0.3 million). Full Article
Cleantech Solutions International, Inc. Receives $1.9 Million Purchase Orders For Flanges
Cleantech Solutions International, Inc. announced that the Company has received purchase orders to supply flanges to a wind power customer and an industrial customer for an aggregate amount of $1.9 million. The purchase orders provide that Cleantech Solutions will deliver 12 units of flanges, amounting to total revenue of $1.2 million to an international customer and 30 units of flanges amounting to total revenue of RMB4.2 million (approximately $0.7 million) to a domestic customer, both which are deliverable by the end of May. The Company has received advance payments of $0.8 million. Full Article
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