WEIFANG, China, April 17, 2012 /PRNewswire-Asia/ -- Since December 2003, Weifang Hengyuan Oil Pump and Nozzle Co., Ltd., a subsidiary company wholly owned by Xinde Science and Technology Co., Ltd.(OTCBB: WTFS), has been closely cooperating with the State Key Laboratory of Engines of Tianjin University and succeeded in developing Diesel Engine FIRCRI Common Rail Electrically-controlled Fuel Injection System, which is a national "863" key project, and has been granted a technical patent certificate, with exclusive intellectual property owned by our company. This product is comparable to the oil injection system of Robert Bosch and Denso and can entirely replace import products. This product has independent intellectual property, high performance-price ratio and adapts well to China's oil characteristics. It meets a stricter emission standard higher than the Euro III/IV emission standards, and can be widely used in various types of diesel engines for car, truck, engineering machinery and locomotive. As soon as the product is developed, it has been booked up by Weichai Power (stock code: HK2338,SZ000338, Jiangsu Jianghuai Engine Co., Ltd. (stock code: SZ000816) and Sichuan Emei Diesel Engine Co., Ltd. (stock code: SZ000757). It can be said that the market demands of domestic combustion engine enterprises is in very short supply. It is expected that the designed production capacity of the phase-I project is 200,000 sets and can realize sales revenue of USD300 million.
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President and CEO
SOURCE Xinde Technology Company