Deli Solar (USA), Inc. (OBB: DLSL), a seller and distributor of solar water heaters, renewable energy solutions, and space heating devices in China, has changed its name to China Solar & Clean Energy Solutions, Inc. to better align its corporate and service brand identities. Its trading symbol will change to CSOL from DLSL.
“Our new name, China Solar & Clean Energy Solutions, Inc., complements our business strategy of becoming a fully integrated clean technology and renewable energy solutions provider for business, industrial and residential customers throughout the PRC,” commented Mr. Deli Du, president and CEO.
“While we have witnessed strong organic growth within our core solar water heater business, we continue to make further progress with our acquisition strategy. On July 1, 2007, we closed the acquisition of Tianjin Huaneng Energy Equipment Company, which manufactures energy efficient boilers, maintains strong distribution channels in Northern China and also provides waste heat recovery technology to recycle energy and improve efficiency for larger industrial customers. Meanwhile, we are actively pursuing other acquisition targets which will complement our Clean Technology Energy product portfolio and open up new market opportunities in China,” Mr. Du concluded.
China Solar & Clean Energy Solutions, Inc. operates through its wholly owned subsidiaries Bazhou Deli Solar Energy Heating Co. Ltd. (“Deli Solar (Bazhou)”), Beijing Deli Solar Technology Development Co., Ltd. and its 51% ownership in Tianjin Huaneng Group, all located in the PRC. The Company sells and distributes hot water and space heating devices to customers in the PRC, in addition to waste heat recovery systems.
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