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January 15, 2013
08:03 EDTCLNTCleantech Solutions receives $1.9M follow-on purchase orders
Cleantech Solutions announced that the company has received a follow-on purchase order for airflow-dyeing machines from its existing domestic customer. The purchase order provides for Cleantech Solutions to deliver a total of 21 airflow-dyeing machines using the company's patented production technique, for a total purchase price of $1.9M. Pursuant to the purchase order, the company has received an advance payment of approximately $1.1M, or 60% of the purchase price, will receive an additional 30% of the purchase price upon installation, and will receive the remaining 10% within three months of installation. Cleantech Solutions expects to deliver the units in February.
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