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6CT\6LT Series of Diesel Engines in 2012 Sales Revenue of USD80 Million

April 18, 2012

WEIFANG, China, April 18, 2012 /PRNewswire-Asia/ — Xinde Company is a large-scale group enterprise specialized in manufacturing diesel combustion engines, diesel generator set and fuel injection systems for diesel combustion engines. Our wholly-owned Huaxin Diesel Engine Co., Ltd. cooperates with Tianjin University to develop a four-cylinder and six-cylinder series of diesel combustion engines, which are widely used in generator sets, engineering machinery and vehicles. Our products characterize small volume, light weight, stable performance, low fuel consumption and high reliability. Moreover, our products can meet the Euro III emission standard and above (a littler lower than the latest US standard that one gallon can afford a 35.5 mile before 2016). After many times of tests on the design adjustment, we increased the travel of piston with the cylinder diameter unchanged. This increases the compressed air density, renders more thorough combustion, stronger eruption, improves dynamic force, and makes performance more stable and reliability much stronger. Furthermore, the products’ performance indexes are greatly better than the same products in the market (compared with Dongfeng Cummins engine), simultaneously with cost lowered by more than 20%, and the net profit rate exceeds 25%. In 2012, we have signed supply contracts with Guangdong Electromechanical Equipment Co., Ltd., Shenzhen Jindong Electromechanical Equipment Co., Ltd., Chongqing Kangdan Electromechanical Equipment Co., Ltd. and Jiangsu Taizhou Electromechanical Equipment Co., Ltd., these contracts cover total 10,000 sets of products and can realize sales revenue of USD80 million.

“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.

    Contacts:
    Dianjun Liu
    President and CEO
    ceo@chinaxinde.cn
    Tel (Fax):86-536-8322068

SOURCE Xinde Technology Company


Source: PR Newswire