Recon Technology secures $3M in contracts with newly developed customer

Recon Technology announced two recently awarded bids from a newly developed oilfield-industry customer for the supply of electronic components and materials used in oilfield production. The total value of these contracts exceeds $3M and represents a significant milestone for the company. “We are very pleased to have secured these contracts with this new customer in the automation and electronics sector, and Recon emerged as the preferred choice due to our proven track record, innovative solutions and commitment to excellence,” said Shenping Yin, CEO of Recon, “This achievement highlights our expertise and capabilities in serving the oilfield industry and we look forward to building a sustainable and stable working relationship with this customer.” The contracts are expected to be accretive to Recon’s financial performance and growth prospects. The Company is optimistic about the potential for future collaboration and additional contracts with this customer.