WUXI, China, June 15, 2011 /PRNewswire-Asia-FirstCall/ --
Cleantech Solutions International, Inc. (formerly known as
China Wind Systems, Inc.) (NASDAQ: CWS), a manufacturer of
technically advanced metal components and assemblies, primarily
used in the wind power, solar and other clean technology
industries, today announced that the Company has changed its
corporate name to Cleantech Solutions International, Inc. on
June 13, 2011. In connection with the
name change, the Company's common stock will begin trading on the
NASDAQ under the new ticker symbol of "CLNT" as of June 16, 2011.
The change of corporate name was approved at the Company's 2011
annual meeting of stockholders, at which the stockholders elected
Jianhua Wu, Drew Bernstein, Min
Li, Xi Liu, and Tianxiang Zhou as directors to serve until the
2012 annual meeting and approved an amendment to the Company's
certificate of incorporation which changed the corporate name to
Cleantech Solutions International, Inc.
"Our new corporate name more clearly reflects our strategic
focus on delivering solutions to the clean technology industries in
China and internationally. We are
expanding our strategic focus beyond the wind energy sector to
cover solar power and other clean technology industries," commented
Mr. Jianhua Wu, Chairman and Chief
Executive Officer of Cleantech Solutions.
"We believe the new corporate name reflects our market position
as a leading supplier of forged components to the wind power and
other industries and clean energy equipment or components to the
solar and textile industry. We are committed to continually
expanding our production capacity and broadening our product
portfolio by delivering clean technology solutions in the
future."
About Cleantech Solutions International
Cleantech Solutions International ("Cleantech Solutions" or "the
Company") is a manufacturer of technically advanced 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 globally. Building on 2010 sales of $80 million, Cleantech Solutions International is
committed to achieve long-term growth through ongoing technological
improvement, capital investment and strategic relationships.
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.
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For more information, please
contact:
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Company
Contact:
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Investor Relations
Contact:
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Mr. Fernando
Liu
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Mr. Athan
Dounis
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Chief Financial
Officer
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CCG Investor
Relations
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China Wind
Systems, Inc.
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Tel:
+1-646-213-1916
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Tel: +
86-13761347367
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Email:
athan.dounis@ccgir.com
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Email:
fol@chinawindsystems.com
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Web:
www.ccgirasia.com
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Web:
www.chinawindsystems.com
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SOURCE China Wind Systems, Inc.