Recon Technology awarded RMB3.97 contract for heating furnaces equipment

Recon Technology announced that a mainland China variable interest entity’s subsidiary, Huang Hua BHD Petroleum Equipment Manufacturing, was awarded a RMB3.97M or $0.57M contract to provide high efficiency heating furnaces equipment for a China oil and gas company. In total, HH BHD has generated RMB6.68M, or $0.96M, in revenue from awarded bids and contracts in the past fiscal quarters. The equipment HH BHD will supply includes insulation devices, automatic alcohol injection device for oil and gas wells and pipelines, large tank extraction skids for processing equipment, splitters and sewage tanks.