This simple app allows you to select a normal Xcode project and then generate an Xcode template from that source, allowing for simple creation and updates.
Xcode project templates are a simple enough concept, but they tend to be a big pain to create in practice. And once you have one working, they are an even bigger pain to update. With XcodeTemplateFactory you can keep you "template" as a normal Xcode project that's easy to update. When you want to release the template just process your project through XcodeTemplateFactory and out will pop a project that's setup to be used as an Xcode template project.
You can find more about Xcode project templates on these sites.