BEIJING, June 17, 2015 /PRNewswire/ -- Recon
Technology, Ltd. (NASDAQ: RCON), ("Recon" or the "Company"), a
leading independent oilfield services provider operating primarily
in China, today announced that
Wednesday, June 3, 2015's issue of
the Wall Street Journal included an article titled Six Faces in
the Race to Pump More Oil (the "Article"). Mr. Shenping Yin, Chairman and Chief Executive
Officer of Recon, was among the "Six Faces" featured in the
Article. The Article can be found at:
http://graphics.wsj.com/global-oil-men.
Mr. Yin commented, "I am humbled and honored to be among the six
oil industry veterans from Russia,
Saudi Arabia, the United States, China, Canada
and Iraq featured in the Wall
Street Journal article. China's
petroleum industry will continue to face increasing demand, driven
by economic expansion, and limited domestic production capacity.
This, we believe, combined with rising labor cost and aging
oilfields, puts increasing pressure on oil and gas operators to
boost production efficiency through automation, upgrades and
innovations and bodes well for our business in years to come."
About Recon Technology, Ltd.
Recon Technology, Ltd. is China's first independent
oil and gas field service company listed
on NASDAQ. Closely working with leading global partners,
Recon has achieved rapid growth supplying China's largest
oil and gas exploration companies, including Sinopec and China
National Petroleum Corporation, with advanced automated
technologies, efficient gathering and transportation equipment and
reservoir stimulation measures. The solutions Recon provides are
aimed at increasing gas and petroleum extraction levels, reducing
impurities, improving safety and lowering production costs. For
additional information, please visit: www.recon.cn.
Cautionary Statements
Statements made in this release with respect to Recon's
current plans, estimates, strategies and beliefs and other
statements that are not historical facts are forward-looking
statements about the future performance of Recon. Forward-looking
statements include, but are not limited to, those statements using
words such as "believe," "expect," "plans," "strategy,"
"prospects," "forecast," "estimate," "project," "anticipate,"
"aim," "intend," "seek," "may," "might," "could" or "should," and
words of similar meaning in connection with a discussion of future
operations, financial performance, events or conditions. From time
to time, oral or written forward-looking statements may also be
included in other materials released to the public. These
statements are based on management's assumptions, judgments and
beliefs in light of the information currently available to it.
Recon cautions investors that a number of important risks and
uncertainties could cause actual results to differ materially from
those discussed in the forward-looking statements, including but
not limited to, the timing of the development of future products,
projections of revenue, earnings, capital structure and other
financial items, product and service demand and acceptance, changes
in technology, economic conditions, the impact of competition and
pricing, government regulation, and other risks contained in
reports filed by the company with the Securities and Exchange
Commission. Therefore investors should not place undue reliance on
such forward-looking statements. Actual results may differ
significantly from those set forth in the forward-looking
statements.
All such forward-looking statements, whether written or oral,
and whether made by or on behalf of the company, are expressly
qualified by the cautionary statements and any other cautionary
statements which may accompany the forward-looking statements. In
addition, the company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after
the date hereof.
Contact:
Recon Technology, Ltd.
Tel: +86-10-8494-5799
Email: info@recon.cn
Web: http://www.recon.cn
Weitian Investor Relations
Tina Xiao
Tel: +1-917-609-0333
Email: tina.xiao@weitian-ir.com
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SOURCE Recon Technology, Ltd.