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RCON

Recon Technology Ltd. NASDAQ Capital Market
$8.18
Open: $6.62 High: $8.24 Low: $6.42 Close: $8.019
Range: 2021-04-19 - 2021-04-20
Volume: 2,563,583
Market: Extended-hours
Powered by Finage Stock APIDelayed data
RCON
Recon Technology Ltd. 9 Fulin Road Beijing , 100107 http://www.recon.cn
Recon Technology Ltd provides oilfield specialized equipment, automation systems, tools, chemicals and field services to petroleum companies mainly in the People's Republic of China.
  • CEO: Shenping Yin
  • Employees: 90
  • Sector: Energy
  • Industry: Oil & Gas - Services
RCON News
Latest news about the RCON
  • Recon Technology Announces FGS' Cooperation Agreement with Henan CNPC and Alipay

    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. ("Henan CNPC") and Alipay (Hangzhou) Information Technology Co., Ltd ("Alipay") to develop a mini program named "Hao Ke Le Jia" on Alipay's mobile application and to provide operation and maintenance services for the related joint membership program. This is the second time that FGS and Alipay cooperate since they began to provide similar service to Zhejiang sales branch of PetroChina Co. Ltd. ("Zhejiang CNPC") in October 2020.

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

    Recon Technology, Ltd (Nasdaq: RCON) ("Recon" or the "Company"), today announced its financial results for the first six months of Fiscal Year 2021.

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  • Recon Technology Announces Corporate Headquarters Relocation to Accommodate Expansion

    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").

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

    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.

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  • Recon Announces Owning 51% of FGS

    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 FGS' founding shareholders on February 4, 2021 to acquire 8% equity ownership of FGS. The transaction has been closed. As a result, the Company owns 51% interest of FGS and will immediately begin to consolidate the financial results of FGS from January 2021, which will be reflected in the Company's year-end financial results.

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  • Recon Announces Development of AI-based Control System of Electric Submersible Pump

    Recon Technology, Ltd. (NASDAQ: RCON), ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service, electric power and coal chemical industries, today announced that the Company successfully completed the design and implementation of an intelligent control platform system (the "System") for North China E&P Company (the "North China Branch") of China Petroleum & Chemical Corporation ("Sinopec"), according to a technology service agreement (the "Agreement") signed between one of Recon's subsidiaries and the North China Branch of Sinopec in October 2020.

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  • Recon Technology, Ltd Reports Financial Results for Fiscal Year 2020

    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 for fiscal year 2020.

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  • Recon Technology Announces Pricing of $2.1 million Registered Direct Offering

    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 registered direct offering and warrants to purchase ordinary shares in a concurrent private placement.

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  • Recon Technology Enters into Memorandum of Understanding to Acquire Beijing Originwater Purification Engineering

    Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") today announced it has entered into a memorandum of understanding (the "MOU") with Beijing Originwater Purification Engineering Technology Co. Ltd ("Originwater Purification Engineering"), a PRC private company focusing on water purification industry in China. Pursuant to the MOU dated June 22, 2020, the Company will explore the purchase of up to 100% of the equity interest or assets of Originwater Purification Engineering from the current shareholders at a price to be agreed upon by the Parties. The purchase price will be based on the assessed value of Originwater Purification Engineering as determined by an independent third-party evaluation firm and will be paid in cash and the Company's restricted ordinary shares.

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  • Recon Technology Announces Pricing of Approximately $2.1 million Registered Direct Offering

    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 in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement.

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  • Recon Technology Signed A $2.8M Contract for Provision of Detailed Design of Heavy Oil Transportation System in Garraf Oilfield

    Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") today announced it signed a $2.8 million engineering and construction service subcontract with Grand Energy Development Limited on a heavy oil transportation system project (the "Project") in Garraf oilfield in Iraq for the services that Recon has provided. Pursuant to the subcontract, Recon shall carry out all the engineering design services, provide the technical support to the procurement, construction, commissioning activities and provide the training services of the heavy oil transportation system project.

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  • Recon Announce FGS' Joint Operation with CPPEI, CNPC's Decision Supporting Institute

    Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") today announced that in the middle of April 2020, the Company's subsidiary Future Gas Station (Beijing) Technology, Ltd ("FGS") signed a joint operation agreement (the "Agreement") with China Petroleum Planning and Engineering Institute ("CPPEI"). The Agreement is signed to facilitate the operation of DT Refuel mobile application ("DT Refuel") functions in Zhejiang.

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