Recon Awarded Mega $5.85 Million Contract to Provide Upgrades Service for Large Mid-Asia Gas Field

Company Overview - Recon Technology Ltd. is a China-based provider of oilfield and low-carbon energy services, and it is the first NASDAQ-listed non-state-owned oil and gas field service company in China [2]. - The company supplies advanced automated technologies and efficient gathering and transportation equipment to major clients such as Sinopec and CNPC [2]. Recent Developments - Recon announced that one of its domestic affiliated entities has been awarded contracts valued at approximately $5.85 million to upgrade and retrofit automation systems for a large Asian gas field [1]. - The services related to these contracts are expected to be completed within the next calendar year, ensuring the capacity supply of the operational gas field [1]. Strategic Importance - The CEO of Recon, Mr. Shenping Yin, highlighted that winning these contracts is a significant milestone in the company's international market expansion and demonstrates its technical capabilities and strong customer relationships in the oilfield automation market [2].