Recon Technology secures $3 million in fresh contracts, announces Investing.com


Recon Technology secures $3 million in fresh contracts, announces Investing.com

Recon Technology Ltd, a leading provider of oilfield services in China, has recently announced the acquisition of contracts worth over $3 million with a new customer in the oilfield industry. The contracts involve the supply of electronic components and materials for oilfield production, representing a significant development for the company.

CEO Shenping Yin expressed his satisfaction with securing these contracts, crediting the company’s track record and innovative solutions for the success. It is expected that these contracts will have a positive impact on Recon’s financial growth and performance. There is also optimism about potential future collaboration and contracts with this new customer.

As the first non-state-owned oil and gas field service company in China listed on NASDAQ, Recon Technology has established a strong presence in the industry. The company provides advanced technologies and services to major oil exploration companies like Sinopec and CNPC to improve petroleum extraction efficiency and reduce costs.

This announcement is based on a press release from Recon Technology Ltd. This article has been generated with the help of AI and reviewed by an editor. For more information, please refer to our Terms and Conditions.

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