HONG KONG, Oct. 9, 2017 /PRNewswire/ -- Cleantech Solutions
International, Inc. ("Cleantech Solutions" or "the Company")
(NASDAQ: CLNT) today announced that its wholly-owned subsidiary,
Sharing Economy Investment Limited ("SEI"), has entered into an
exclusivity agreement with Inspirit Studio, regarding a potential
acquisition by SEI of not less than 51% of Inspirit Studio.
Inspirit Studio develops and runs a sharing economy mobile
platform called Anyway, which allows people to provide courier
delivery services during their commuting times. Anyway
connects senders and freelance couriers who are willing to deliver
parcels/letters for senders in return for income. It is a low
cost and fast delivery solution which allows freelance couriers to
earn income by sharing their journeys. "Anyway resolves
problems that the current courier services have," said Kurt Tam, CEO of Inspirit Studio. "With
Anyway, senders can get speedy responses to contact with our
freelance couriers who are in close proximity to the senders.
There is no limitation on service area and business hours.
With a five-month pilot program in Hong
Kong, we have signed up over 2,000 freelance couriers, with
over successful 6,000 transactions."
"Anyway is a true sharing solution that can also bridge with
many sharing economy platforms that we are developing," said
Parkson Yip, COO of Cleantech
Solutions. "We are excited to work with Anyway to further
fine tune their solution and integrate with other sharing economy
platforms. Peer-to-peer courier services can play a big role in
communities where we often want helpers to run errands, or simply
bring items home from other locations, without taking the extra
time out of our schedules. We look forward to making
peer-to-peer courier services available globally."
According to iimediaResearch, the number of users participating
in the peer-to-peer delivery sharing market in China has grown from 124 million in 2014 to
231 million in 2016, and experts expect it to grow to 353 million
by 2018. Approximately 1.4 billion transactions were recorded in
the first quarter of 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 Inspirit Studio
Inspirit Studio has been engaging in developing a mobile app
platform which provides instant errand services in peer to peer
model. Its vision is to create an innovative consumption pattern
and improve life quality by effectively reallocating idle resources
in communities. Income is mainly generated from commission charged
on each errand service transaction, apart from that, it will
diversify its revenue stream by introducing advertising business
and big data analytic. The upcoming mission is to expand its errand
network, continuously optimize its business model, integrate into
the ecosystem of the Group and join together into a global
network.
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.