|By Marketwired .||
|April 7, 2014 07:15 AM EDT||
BEIJING, CHINA -- (Marketwired) -- 04/07/14 -- Recon Technology, Ltd. (NASDAQ: RCON), a leading oilfield services provider that operates primarily in the People's Republic of China, today said it has updated its company website to include new corporate and industry information. Recon's main site, http://www.recon.cn/en, which also includes a new investor relations section, features expanded information and news on the company, its technologies and the oil and gas industry in China.
"We are very proud to introduce our new website," said chief executive officer, Mr. Shenping Yin. "Recon is making substantial progress marketing some of our industry's most innovative technologies and we are excited to optimize our communication of this progress, particularly to new investors in the U.S., Canada and Australia as well as other regions of the world where there is keen interest in oil and gas industry equities."
Investors seeking expanded coverage of Recon may also go to: http://www.companyspotlight.com/114569/recon-technology-ltd
Recon Technology, Ltd. (NASDAQ: RCON) is a leading developer and marketer of real-time, automated oilfield services and products that enhance the extraction of petroleum in China. RCON markets these services and products to leading Chinese oil and gas companies, including Sinopec and CNPC, helping them increase efficiency and profitability in extracting, producing, processing and transporting petroleum products from the nation's largest producing oil fields.
Recon is also an emerging leader in developing and applying the fracturing technology necessary to extract the abundant shale gas reserves in China. Shale, a clean-burning fuel, provides China with a vital and long-sought alternative to the massive toxic pollutants resulting from burning coal for energy production. Working closely with Baker Hughes and other companies, Recon is making rapid progress in liberating these shale gas reserves and facilitating their transport to China's major population centers.
Recon's proprietary technology is based on eight software copyrights, 22 product patents and four pending patents, giving the company a powerful intellectual property position.
RCON is the first Chinese non-state owned oil and gas service company to be listed on Nasdaq.
For additional information please visit us at http://www.recon.cn/en.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, 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.
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.
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