WEIFANG, China, July 5, 2011 /PRNewswire-Asia/ -- Xinde Technology Company (OTCBB: WTFS), a widely respected China based designer and manufacturer of internal combustion engines and parts, primarily for the $100 billion diesel engine and parts market in China, today reported that a new performance enhancing design breakthrough developed by the Company has been tested thoroughly in cooperation with Tianjin University and is now being incorporated in its 6CT/6LT series of four cylinder and six cylinder diesel combustion engines.
According to the Company, the diesel engines produced by its wholly owned Huaxin Diesel Engine Co. Ltd. are well known for their small volume, light weight, stable performance, low fuel consumption and high reliability and are widely used in generator sets, engineering machinery and vehicles. The new design of the engines increases the travel of the pistons without changing the diameter of the cylinders, thereby increasing the compressed air density. The result is an engine with stronger explosiveness, more thorough combustion, and improved dynamic force. This translates to more stable performance and greatly improved reliability.
Technological Strength Key to Success
Mr. Dianjun Liu, President and Chief Executive Officer of the Company commented, "We are very pleased with the enhanced performance of our diesel engines, based on another internally developed technological breakthrough. We see the technical strength at Xinde as the greatest strength of the Company, and the main force propelling our product growth. Further, where we can offer a pricing advantage, it typically is a by-product of our technological success. We believe our ongoing focus on innovative technology provides a strong underpinning for continuing near and longer term growth."
About Xinde Technology Company
Based in China's Shandong Province in the city of Weifang, Xinde Technology Company, with fiscal 2010 revenues of $123 million, competes in three primary product segments, namely (1) fuel injection system products, (2) diesel engine products and (3) generator products. The Company has a broad range of products including non-vehicle diesel engines, diesel generators, injection pumps, injectors and three-coupling components, agricultural machinery and construction machinery which greatly reduces its comprehensive costs which, in turn, increases its competitiveness. The Company's focus is on the domestic market in China, where its customers include several of China's largest companies in the country's most rapidly growing industries. As a consequence, the Company's production volume has been growing approximately 30% annually.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety important factors, including, but not limited to, the impact of competitive conditions and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, financing and other factors as discussed in the Company's reports filed with the Securities and Exchange Commission from time to time, In addition, the Company disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date hereof. No securities regulatory authority has either approved or disapproved the contents of this new release. This release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements. The Company filings with the US Securities and Exchange Commission, including the quarterly report for the three months ended March 31, 2011 on Form 10-Q, can be viewed on EDGAR Online or www.sec.gov.
