UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
December 10, 2014
CLEANTECH SOLUTIONS INTERNATIONAL, INC.
(Exact name of registrant as specified in
Charter)
Nevada |
|
001-34591 |
|
90-0648920 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File No.) |
|
(IRS Employee
Identification No.) |
No. 9 Yanyu Middle Road
Qianzhou Village, Huishan District, Wuxi City
Jiangsu Province, People’s Republic of
China
(Address
of Principal Executive Offices)
(86) 51083397559
(Registrant’s
Telephone number)
Copies to:
Asher S. Levitsky PC
Ellenoff Grossman & Schole LLP
150 East 42nd Street
New York, New York 10017
Phone: (212) 370-1300
Fax: (646) 895-7182
E-mail: alevitsky@egsllp.com
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12(b) under the
Exchange Act (17 CFR 240.14a-12(b))
☐ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On December 10, 2014, the Company issued
a press release announcing that the Company has received two purchase orders from equipment for the wind power industry. The total
purchase price of the equipment from the two purchase orders is approximately RMB44.9 million (approximately $7.3 million). A copy
of the press release is included as Exhibit 99.1.
In accordance with General Instruction B.2 of Form 8-K, the information
in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section,
and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933,
as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of
any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits.
|
99.1 |
Press release issued December 10, 2014 |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: December 11, 2014 |
Cleantech Solutions International, Inc. |
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|
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By: |
/s/ Adam Wasserman |
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Adam Wasserman |
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Chief Financial Officer |
3
Exhibit 99.1
For Immediate Release
Cleantech Solutions International Receives
$7.3 million in Orders for Wind Power Equipment
WUXI, Jiangsu, China, December
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. Any information on the Company's website
or any other website is not a part of this press release.
Safe Harbor Statement
This release contains certain "forward-looking
statements" relating to the business of the Company and its subsidiary and affiliated companies. 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 referred to in this press release 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 our ability to deliver and the parts and components referred to in this press release and to receive additional orders
from the wind power industry and those factors 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,
2013 and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Form 10-Q for
the quarter ended September 30, 2014. 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 Contact:
Cleantech Solutions International, Inc.
Adam Wasserman, CFO
E-mail: adamw@cleantechsolutionsinternational.com
Web: www.cleantechsolutionsinternational.com
Elaine Ketchmere, CFA
Compass Investor Relations
Phone: +1-310-528-3031
E-mail: eketchmere@compass-ir.com
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