HONG KONG, July 11, 2017 /PRNewswire/ -- Cleantech Solutions
International, Inc. ("Cleantech Solutions" or "the Company")
(NASDAQ: CLNT) today announced that it has launched a global bike
sharing app service and joined together with local sharing bike
operators in Hong Kong.
Cleantech Solutions' one-stop solution allows consumers to
locate and pay for sharing bikes using a single platform, without
having to download separate apps and create separate payment
accounts for each individual bike-sharing operator. Using the
Company's platform, consumers will be able to locate and rent the
closest sharing bike on a cross-city and cross-region basis.
Featuring a single registration, deposit and payment system, bike
locking and tracking technology, the Company expects its platform
to provide a seamless and compelling user experience. The
infotainment system provides consumers with real-time riding stats,
navigation, and rider assistance while providing bicycle owners
additional security via GPS tracking along with opportunities for
monetization from in-app advertising. The Company has partnered
with Hong Kong-based Xiao Sun Bike
and Ketch'up Bike, and plans to add more regional bicycle operators
to the platform. The platform will open up opportunities for
individuals and small bike rental companies to join, by installing
a specific bike locking and location system.
According to a Roland Berger Strategy Consultants study, the
global bike sharing market is expected to be worth up to
5.3 billion euros by 2020.
Roland Berger expects digitization
and strategic partnerships will shape the market.
"China's bike-sharing market is
booming and expected to grow from $1.5
billion in 2017 to $3.5
billion by 2019, contributing a large part in the
development of the global bike sharing market, thanks to its low
cost, flexibility, and environmentally friendly nature. We envision
our platform as a place where smaller operators and even individual
owners, can participate in the bike sharing economy. Integrating
with ECrent.com, our bike sharing partners and individual bike
owners will have access to the sharing economy platform's 30
million unique users per month from around the world. We believe
our new bike sharing platform will appeal to bike sharing operators
and consumers alike," said Parkson
Yip, COO of Cleantech Solutions.
About Cleantech Solutions International
Cleantech Solutions, through its affiliated companies, designs,
manufactures and distributes a line of proprietary high and low
temperature dyeing and finishing machinery to the textile
industry. The Company's latest business initiatives are
focused on targeting the technology and sharing economy markets in
China.
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the business of the Company and its subsidiary and
affiliated companies and certain potential transactions that they
may enter into. These forward looking statements are often
identified by the use of forward looking terminology such as
"believes," "expects" or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that
may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website, including factors
described in "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
Form 10-K for the year ended December 31,
2016 and in our Form 10-Q for the quarter ended March 31, 2017. All forward-looking statements
attributable to the Company or to persons acting on its behalf are
expressly qualified in their entirety by these factors other than
as required under the securities laws. The Company does not assume
a duty to update these forward-looking statements.
Company Contacts:
Cleantech Solutions International,
Inc.
Parkson Yip, COO
E-mail: parkson.yip@cleantechsolutionsinternational.com
+852-31060372
Web: www.cleantechsolutionsinternational.com
Compass Investor Relations
Elaine Ketchmere, CFA
Email: eketchmere@compass-ir.com
+1-310-528-3031
Web: www.compassinvestorrelations.com
View original
content:http://www.prnewswire.com/news-releases/cleantech-solutions-international-launches-global-bike-sharing-app-service-in-hong-kong-300486353.html
SOURCE Cleantech Solutions International, Inc.