Recon Technology

Recon Technology Ltd. is a provider of oilfield specialized equipment, automation systems, tools, chemicals, and field services to petroleum companies mainly in the PRC. It operates through the following segments: Automation Product and Software, Equipment and Accessories, Oilfield Environmental Protection, and Platform Outsourcing Services. The Automation Product and Software segment is involved in the sale of automation products specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Equipment and Accessories segment consists of the delivery of standard or customized products and equipment, including automation products, furnaces and related accessories. The Oilfield Environmental Protection segment focuses on the wastewater treatment products and related service to oilfield and chemical industry companies and generates revenue from special equipment, self-developed chemical products and supporting service, transfer. The Platform Outsourcing Services segment refers to online platform development, maintenance, and operation services to gas stations around different provinces in China. The company was founded by Guang Qiang Chen, Hong Qi Li, and Shen Ping Yin on August 21, 2007 and is headquartered in Beijing, China.

Recon Technology Ltd. engages in providing oilfield services. It operates through the following segments: Automation Product and Software, Equipment and Accessories, Oilfield Environmental Protection, and Platform Outsourcing Services. The Automation Product and Software segment is involved in the sale of automation products specialized equipment when combined with services represent a single performance obligation for the development and construction of a single asset. The Equipment and Accessories segment includes the delivery of standard or customized products and equipment, including automation products, furnaces, and related accessories. The Oilfield Environmental Protection segment focuses on the wastewater treatment products and related service to oilfield and chemical industry companies. The Platform Outsourcing Services segment refers to online platform development, maintenance, and operation services to gas stations around different provinces in China. The company was founded by Guang Qiang Chen, Hong Qi Li, and Shen Ping Yin on August 21, 2007 and is headquartered in Beijing, China.

RCON stock dove directly into the buy zone, providing a ripe opportunity for energy-segment investors with a surprising blockchain angle. The post Time to Do Some Reconnaissance on Recon Technology appeared first on InvestorPlace.

Time to Do Some Reconnaissance on Recon Technology

BEIJING, June 14, 2021 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today it has entered into a securities purchase agreement with certain accredited investors on June 14, 2021 to purchase $55.0 million worth of its Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) in a registered direct offering, and Class A ordinary shares warrants in a concurrent private placement.

Recon Technology Announces Pricing of $55.0 million Registered Direct Offering

The stock price of Recon Technology, Ltd. (NASDAQ: RCON) fell by 51.02% on Friday, June 11.

RCON Stock Price: 51.02% Decrease Details

Today, RCON stock has traded in an absolutely massive range as the meme stock rally in certain stocks appears to be coming to a close. The post RCON Stock: Why Recon Is Plunging Today Despite Contract News appeared first on InvestorPlace.

RCON Stock: Why Recon Is Plunging Today Despite Contract News

Recon Technology LTD. (NASDAQ:RCON) shares plummeted lower Friday after the company's subsidiary Beijing BHD Petroleum Technology Limited signed two contracts with North China E&P Company.

Where's Recon Technology Stock Headed After Plummeting Friday?

BEIJING, June 11, 2021 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that its subsidiary, Beijing BHD Petroleum Technology Limited, signed two contracts with North China E&P Company (the "North China Branch") of China Petroleum & Chemical Corporation ("Sinopec"). Pursuant to these two contracts, the Company has provided technical service with ultra-deep electric submersible progressing cavity pump ("ESPCP") to one gas well at the Dongsheng Field of the Second Gas Production Plant (the "Plant No.

Recon Updates Progress on its Technology-Driven Solutions for Electric Submersible Progressing Cavity Pump with $5 Million Orders Secured

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BEIJING, June 3, 2021 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") today announced that the Company has entered into a share exchange agreement (collectively, the "Agreement") with Starry Blockchain Energy Pte.

Recon Enters into Agreement to Invest in Company Focused on Developing Blockchain-based Sustainable Energy Solutions

BEIJING, May 25, 2021 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that its subsidiary Future Gas Station (Beijing) Technology Company Limited ("FGS"), Shenzhen Wanlitong Network Information Technology Co., Ltd ("WanLiTong"), a subsidiary of Ping An Insurance (Group) Company of China, Ltd. ("Ping An") managing Ping An's loyalty points program (the "Program"), and Zhejiang Sales Branch of PetroChina Co., Ltd.

Recon Announces FGS' Partnership with Ping An WanLiTong and PetroChina to Promote Deep Expansion of Ping An Group's Business in Energy and Transportation Sector

BEIJING, May 18, 2021 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON), ("Recon" or the "Company"), today announced the Company's strategic move into the renewable energy sector. RCON announced that, based on the Company's research into future renewable energy development trends and the coordinated development needs of its strategic partners, the board of directors has decided that RCON will explore renewable energy sector technologies including but not limited to, energy storage technology, micro-grid technology, energy management technology and blockchain-based energy trading technology.

Recon Announces its Strategic Transformation Plan to Enter Renewable Energy Sector

BEIJING, May 5, 2021 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON), ("Recon" or the "Company"), today announced the Company's subsidiary, Future Gas Station (Beijing) Technology, Ltd. ("FGS"), renewed its cooperation agreement dated March 18, 2018 (the "Agreement") with Banma Network Technology Co., Ltd.

Recon Technology Announces FGS' 3-year Cooperation Agreement with Alibaba-backed Connected Car Company Banma

BEIJING, April 8, 2021 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON), ("Recon" or the "Company"), today announced the Company's 51%-owned subsidiary, Future Gas Station (Beijing) Technology, Ltd. ("FGS"), has entered into a cooperation agreement (the "Agreement") with Henan sales branch of PetroChina Co. Ltd.

Recon Technology Announces FGS' Cooperation Agreement with Henan CNPC and Alipay

BEIJING, April 5, 2021 /PRNewswire/ -- Recon Technology, Ltd (Nasdaq: RCON) ("Recon" or the "Company"), today announced its financial results for the first six months of Fiscal Year 2021. First Six Months of Fiscal 2021 Financial: Total revenues for the six months ended December 31, 2020 decreased by 17.2% to $3.9 million (RMB25.2 million), while revenue from oily sludge and waste water increased by 10,618.7% or $0.4 million (RMB2.8 million).

Recon Technology, Ltd Reports Financial Results for the First Six Months of Fiscal Year 2021

BEIJING, March 29, 2021 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON), ("Recon" or the "Company"), today announced the relocation of its corporate headquarters to accommodate the Company's growth and the recent acquisition of Future Gas Station (Beijing) Technology, Ltd ("FGS"). The Company's corporate headquarters have moved from Room 1902, Building C, King Long International Mansion, 9 Fulin Road, Beijing, 100107 China to Room 601, 1 Shui'an South Street, Chaoyang District, Beijing, 100012 China.

Recon Technology Announces Corporate Headquarters Relocation to Accommodate Expansion

BEIJING, March 15, 2021 /PRNewswire/ -- Recon Technology, Ltd (NASDAQ: RCON), ("Recon" or the "Company"), announced today that Company's Chief Financial Officer, Jia Liu, has been invited to present at Inaugural Emerging Growth Virtual Conference,  presented by M Vest LLC and Maxim Group LLC.  The conference will take place on March 17 and 18, 2021 from 9:00 am-5:00 pm EDT featuring roundtable discussions with C-suite executives moderated by Maxim Research Analysts, fireside chats with live Q&A, and presentations from hundreds of issuers both domestically and internationally.

Recon to Participate in M Vest LLC and Maxim Group LLC Inaugural Emerging Growth Virtual Conference

BEIJING, Feb. 8, 2021 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON), ("Recon" or the "Company"), today announced that two of its subsidiaries entered into the fourth supplemental agreement to the investment agreement with Future Gas Station (Beijing) Technology, Ltd ("FGS") and...

Recon Announces Owning 51% of FGS

Recon Technology (RCON) stock is soaring higher on Wednesday as it sees heavy trading despite a lack of news concerning the company. The post RCON Stock: 9 Things for Investors to Know About Recon Technology appeared first on InvestorPlace.

RCON Stock: 9 Things for Investors to Know About Recon Technology

BEIJING, Oct. 9, 2020 /PRNewswire/ -- Recon Technology, Ltd. (Nasdaq: RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results...

Recon Technology, Ltd Reports Financial Results for Fiscal Year 2020

BEIJING, June 26, 2020 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today it has entered into a securities purchase agreement with certain accredited investors on June 26, 2020 to purchase $2.1 million worth of its ordinary shares in a...

Recon Technology Announces Pricing of $2.1 million Registered Direct Offering

BEIJING, May 22, 2020 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today it has entered into a securities purchase agreement with certain accredited investors on May 21, 2020 to purchase approximately $2.1 million worth of its ordinary shares...

News for Recon Technology Stock (RCON)