HONG KONG, Oct. 12, 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 3D Discovery Co. Limited ("3D
Discovery"), regarding a potential acquisition by SEI of not less
than 51% of 3D Discovery.
3D Discovery develops an interactive virtual tour technology
which allows users to create interactive virtual spaces where
people can get a first-hand experience of a physical place. Users
can immerse themselves in these interactive virtual spaces as if
they were there in person. "Our 3D scanning and modeling solution
is already being used some of the world's major property agencies,"
said Michael Ho, co-founder of 3D
Discovery. "By helping users walk through property interiors
without spending valuable time traveling to different locations,
users can shortlist their top property choices using online
interactive virtual tours without actually going there."
"We are excited about 3D Discovery's scanning and modeling
technology, which will allow everyone with a smartphone to create
interactive virtual spaces," said Parkson
Yip, COO of Cleantech Solutions. "This low-cost, automated
and easy-to-use marketing tool can serve a broad range of
industries, including property management, hospitality, tourism and
event venues, among others. We believe this will be a
revolutionary technology that makes creating 3D virtual spaces as
simple as taking photos."
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 3D Discovery Co. Limited
3D Discovery is a digital marketing services provider which
provide various solution such as 3D scanning and modeling, website
and mobile app development, video production, graphic design, etc.
to its clients. Apart from existing business, 3D Discovery is going
to develop a mobile app which allows users to create an interactive
virtual tour of a physical space by using a mobile phone
camera.
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.