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About Recon Technology

Recon Technology (NASDAQ:RCON) specializes in providing oilfield specialized equipment, automation systems, and software services in China. The company is exclusively traded on the NASDAQ stock exchange under the ticker symbol RCON. With a strong focus on enhancing the efficiency of oil extraction and reducing production costs, Recon Technology actively engages in developing and implementing advanced technologies like fracturing equipment, automation, and digital software solutions aimed at the oil and gas industry. The firm's objectives are concentrated on expanding its market share within China's burgeoning energy sector, fostering innovation in oil recovery processes, and delivering sustainable, environmentally friendly solutions to meet the evolving demands of the energy market. Through partnerships, research and development, and strategic acquisitions, Recon Technology aims to solidify its position as a key contributor to China's energy infrastructure development and optimization.

What is RCON known for?

Snapshot

Public US
Ownership
2007
Year founded
188
Employees
Beijing, China
Head office
1 of 2
US Rank
Unknown
Sector
N/A
Sector rank
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Operations

Products and/or services of Recon Technology

  • Provides automated oilfield services to enhance extraction efficiency, leveraging advanced digitalization and control technologies.
  • Offers hardware and software solutions for managing oilfield data, improving decision-making and operational efficiency.
  • Delivers turnkey automation systems for oil and gas production, emphasizing safety, reliability, and environmental protection.
  • Sells chemical products specifically designed for oil and gas companies to optimize production and reduce environmental impact.
  • Develops and implements IoT-based remote monitoring systems for critical oilfield infrastructure, ensuring continuous operation and reducing downtime.
  • Provides comprehensive wastewater treatment solutions to the oil and gas industry, helping to meet regulatory standards and protect the environment.

Recon Technology executive team

  • Mr. Guangqiang ChenFounder, Chairman & CTO
  • Mr. Shenping YinFounder, CEO & Director
  • Ms. Jia LiuCFO, Company Secretary & Director

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