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CEO of Recon Technology Featured in Wall Street Journal Article

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

SOURCE Recon Technology, Ltd.


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