Cleantech Solutions International Receives $7.3 million in Orders for Wind Power Equipment

"We believe that the recent push by China's leadership to support wind power spurred these orders."

WUXI, China, Dec. 10, 2014 -- Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (NASDAQ: CLNT), a manufacturer of metal components and assemblies used in in various manufacturing industries, including clean technology, textile dyeing and finishing machines, and oil and gas refineries, today announced that it received two purchase orders in early December for a total purchase price of RMB44.9 million (approximately $7.3 million) from customers in the wind power industry.


Pursuant to one of the purchase orders, Cleantech Solutions will supply shafts to a major wind turbine and electric machinery manufacturer in China, for a purchase price of approximately RMB27.0 (approximately $4.4 million). Cleantech Solutions has received an advance payment of approximately RMB5.5 million (approximately $0.9 million), or 20% of the purchase price, will receive an additional 70% upon delivery, and will receive the remaining 10% within three months after delivery provided that there are no technical problems with the equipment. The Company expects to deliver the equipment in May 2015.

Pursuant to the second purchase order, Cleantech Solutions will supply gearbox casings for wind power equipment to one of the largest industrial blower manufactures in China, for RMB17.9 million (approximately $2.9 million). Cleantech Solutions has received an advance payment of approximately RMB3.6 million (approximately $0.6 million), or 20% of the purchase price, will receive an additional 70% upon delivery, and will receive the remaining 10% within three months after delivery provided that there are no technical problems with the equipment. The Company expects to deliver the equipment in March 2015.

"We believe that the recent push by China's leadership to support wind power spurred these orders. Although China's wind power industry still has significant issues to address in terms of system integration, we are cautiously encouraged by the government's support and hope that it will drive additional demand for our products," said Mr. Jianhua Wu, Chairman and CEO of Cleantech Solutions.

About Cleantech Solutions International
Cleantech Solutions is a manufacturer of metal components and assemblies, primarily used in clean technology and other industries and dyeing and finishing equipment for the textile industry and forging products, and a supplier of fabricated products and machining services to a range of clean technology customers. The Company's website is www.cleantechsolutionsinternational.com.

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