WUXI, China, Sept. 13, 2017 /PRNewswire/ -- Cleantech
Solutions International, Inc. ("Cleantech Solutions" or "the
Company") (NASDAQ: CLNT) today announced that it has entered into
Amendment No. 1 to the Exclusivity Agreement with ECrent Capital
Holdings Limited ("ECrent"), a private company incorporated in
British Virgin Islands focusing on
developing and operating of a global rental platform to promote
sharing economy across 30 countries and regions (the "Amendment"),
which amends the Exclusivity Agreement dated June 11, 2017 by and between the Company and
ECrent (the "Exclusivity Agreement").
Pursuant to the Amendment, the Company and ECrent agreed to
extend the exclusivity period under the Exclusivity Agreement to a
period of six months commencing from June
11, 2017.
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 global sharing economy
markets, by developing online platforms and rental business
partnerships that will drive the global development of sharing
through economical rental business models.
About ECrent Capital Holdings Limited
Ecrent Capital Holdings Limited operates ECrent platforms and
local business operations across 30 countries and regions,
including Greater China,
Taiwan, Canada, Brazil, Argentina, Mexico, Thailand, India, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Cambodia, Japan, Korea, Australia, New
Zealand, United Kingdom,
Germany, France, Poland, Switzerland, Netherlands, Denmark, Russia, Italy, Spain,
Portugal, Greece. ECrent
promotes sharing economy through rent to reduce environmental
damage caused by excessive consumption.
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 June 30, 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.
Investor Relations
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
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SOURCE Cleantech Solutions International, Inc.