HONG KONG, Sept. 25, 2017 /PRNewswire/ -- Cleantech
Solutions International, Inc. ("Cleantech Solutions" or "the
Company") (NASDAQ: CLNT) today announced that its wholly-owned
subsidiary, EC Power (HK), started providing mobile power charger
rental services through major convenience store networks in
Hong Kong and Macau.
The Company plans to provide mobile power chargers and have them
available for rent at certain major convenience stores in
Hong Kong and Macau, currently covering over 700 store
locations in Hong Kong and over 40
locations in Macau. The rental service allows customers to
rent and return mobile power chargers at any of the convenience
stores carrying the service.
"Today, the high usage of mobile devices means individuals will
always have a need for mobile power chargers," said Parkson Yip, COO of Cleantech Solutions.
"We are excited to begin offering our mobile battery charger rental
service throughout the major convenience store networks in
Hong Kong and Macau. We plan
to expand the footprint of these services into other regions in the
years to come. We are also considering the acquisition of a
battery production company in order to ensure appropriate quality,
safety and availability of products to meet market demand. The
Company may issue new fundraising plans to support the global
expansion of our mobile power charger rental service, and resource
acquisition plans to support the service."
According to iimediaResearch, the sharing mobile charger market
in China is expected to reach
total 104 million in total users in 2017, and grow to 246 million
by 2019.
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.
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.
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
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SOURCE Cleantech Solutions International, Inc.