China Solar acquires nanobubble water-cleaning system for $200,000; shifts to water cleanup services

China Solar & Clean Energy Solutions, Inc.

On March 5, 2024, entered asset purchase agreement to buy Easy Nano-Void Injection System from Easy Modular Manufacturing for $200,000 cash plus contingent consideration.
Company will operate the system on customer sites, charging $18/hour or $420/day; pays EMM 20% of operating revenue as licensing fee.
Business plan targets golf courses, HOA's, municipalities; claims 5-year IRR of 350% based on one system.
System includes GPS monitoring and remote disable; can pair with EMM's Terreplenish fertilizer.
No prior revenue from this business; company shifting focus from solar/clean energy to water cleanup.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

China Solar & Clean Energy Solutions, Inc. entered into Asset Purchase Agreement with Easy Modular Manufacturing, Inc valued at cash consideration and contingent consideration (effective 2024-03-05).

Action: entry
Agreement: asset purchase
Counterparty: Easy Modular Manufacturing, Inc
Value: cash consideration and contingent consideration
Effective: 2024-03-05

Exact text from the filing

On March 5, 2024, China Solar & Clean Energy Solutions, Inc (the “Company) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Easy Modular Manufacturing, Inc (“Easy Modular Manufacturing”) for the purchase of the asset Easy Nano-Void Injection System Modular (the “Product”).

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Source: SEC EDGAR

accession 0001017386-24-000036

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