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

WUXI, China, June 30, 2011 /PRNewswire-Asia-FirstCall/ -- Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (NASDAQ: CLNT), a manufacturer of metal components and assemblies, primarily used in the wind power, solar and other clean technology industries, today announced that the Company was awarded three purchase orders to supply generator shafts for an aggregate amount of RMB 22.7 million (approximately $3.5 million) to Nanjing Turbine & Electric Machinery Changfeng Alternative Energy Co., Ltd..

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."

About Cleantech Solutions International

Cleantech Solutions is a manufacturer of metal components and assemblies, primarily used in clean technology industries. The Company supplies forgings products, fabricated products and machining services to a range of clean technology customers, primarily in the wind power sector. Cleantech Solutions is committed to achieving long-term growth through ongoing technological improvement, capacity expansion, and the development of a strong customer base. 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 as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. 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, 2010 and in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Form 10-Q for the quarter ended March 31, 2011. 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.

SOURCE Cleantech Solutions International, Inc.