Thursday, December 27, 2012

Cleantech Rallies After Company Receives Patent For New Production Technique

Shares of Cleantech Solutions International, Inc. (NASDAQ: CLNT) jumped more than 7% on Thursday after the company announced that it has recently received a new patent certificate for an innovative production technique enabling more-effective cloth washing in dyeing machines under high temperature and pressure. The new patent was issued by the State Intellectual Property Office of the People's Republic of China and was granted to the company's subsidiary, Wuxi Huayang Dyeing Machinery in November. The patent will provide the company with the exclusive use of this innovative production technique in dyeing equipment for a period of ten years.

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