Cleantech Solutions International Receives $3.5 million Purchase Orders to Supply Generator Shafts

The purchase orders provide that Cleantech Solutions will deliver a total of 1,727 units of generator shafts, amounting to total revenue of RMB 22.7 million (approximately $3.5 million) by May 2012, which are deliverable in accordance with a schedule. The Company is required to deliver the first 77 units, for total of approximately $156,000 by July 2011, an additional 500 units for approximately $1.0 million by December 2011 and the remaining 1,150 units, for total of approximately $2.3 million, by May 2012.

"Despite the challenging market environment for wind energy companies and suppliers, we are pleased that we received additional purchase orders from our customer, Nanjing Changfeng Co., an established company in the alternative energy industry in China, which demonstrates the high-quality of our products and our market reputation as a strong wind component supplier in China," said Mr. Jianhua Wu, Chairman and CEO of Cleantech Solutions. "China's wind energy sector is highly competitive and turbine manufacturers continue to face a huge pressure to reduce costs amidst China's tightened money supply environment."