Cleantech Solutions International Enters into Exclusivity Agreement with 3D Discovery Co. Limited for Potential Acquisition and Development of Interactive Virtual Tour Mobile App

12 Oct 2017

Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (NASDAQ:  CLNT) announced that its wholly-owned subsidiary, Sharing Economy Investment Limited ("SEI"), has entered into an exclusivity agreement with 3D Discovery Co. Limited ("3D Discovery"), regarding a potential acquisition by SEI of not less than 51% of 3D Discovery.

3D Discovery develops an interactive virtual tour technology which allows users to create interactive virtual spaces where people can get a first-hand experience of a physical place. Users can immerse themselves in these interactive virtual spaces as if they were there in person. "Our 3D scanning and modeling solution is already being used some of the world's major property agencies," said Michael Ho, co-founder of 3D Discovery. "By helping users walk through property interiors without spending valuable time traveling to different locations, users can shortlist their top property choices using online interactive virtual tours without actually going there."

"We are excited about 3D Discovery's scanning and modeling technology, which will allow everyone with a smartphone to create interactive virtual spaces," said Parkson Yip, COO of Cleantech Solutions. "This low-cost, automated and easy-to-use marketing tool can serve a broad range of industries, including property management, hospitality, tourism and event venues, among others.  We believe this will be a revolutionary technology that makes creating 3D virtual spaces as simple as taking photos."

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