New Xinde Technology Product Optimizes Diesel Generator Power Usage on China's Farms

WEIFANG, China, June 30, 2011 /PRNewswire-Asia/ -- Xinde Technology Company (OTCBB: WTFS.OB), 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, reported today it has independently developed the DG-T2 digital electronic speed regulator for diesel generators. This new energy optimizing product is aimed at China's agricultural sector, where the huge investment being made to increase output has increasingly strained local power resources and supplies.

The new DG-T2 provides powerful, precise and flexible closed loop control of engine speed, matching the variety of service requirements for diesel engines. The easy to install new device automatically adjusts power usage to fit the need at hand, thereby optimizing power usage and cost.

The DG-T2 also provides a significant initial cost advantage, as it is sold in a single assembly together with an injection pump for between RMB/1500 ($231) and RMB 2000 ($309), compared with other electronic regulators on the market which are sold alone for approximately RMB 2000 ($309) each.

Strong Local Demand

Mr. Dianjun Liu, President and Chief Executive Officer of the Company commented, "We expect strong demand for the DG-T2 in 2011 as we estimate production volume of diesel generators by the 20 or so diesel engine manufacturers in our local area in Weifang alone will reach one million units this year, and we will not be able to keep up with that, let alone meet demand for the product from some of our large customers outside of the region."

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.