NEW YORK, Nov. 4, 2019 /PRNewswire/ -- Recon Technology,
Ltd. (NASDAQ: RCON) ("Recon" or the "Company"), a China-based independent solutions integrator
in the oilfield services and environmental protection, electric
power and coal chemical industries, today announced that it engaged
Dragon Gate Investment Partners ("DGIP") to lead an investor
relations program including but not limited to distributing
press releases and attending roadshows.
"In our fiscal year 2019, we reported strong growth and
historically high revenue since our IPO," said
Mr. Shenping Yin, co-founder and CEO of Recon, "Our board and
management team believe it is an appropriate time to embark upon a
more proactive strategic investor relations program to enhance our
U.S. visibility and develop local partners in the U.S. We
believe DGIP's expertise can help us build a transparent and
trusted communication channel with our investors."
"Recon Technology Inc. has been a NASDAQ listed company since
2009. As a China-based independent
solution integrator in the oilfield service, the company can
uniquely bridge the U.S. and Chinese oil and gas industries," said
Ms. Lijie Zhu, Managing Director of
DGIP, "We are glad to assist Recon to better serve the interests of
its shareholders by enhancing its transparency."
About Recon Technology, Ltd.
Recon Technology,
Ltd. (RCON) is China's first non-state-owned
oil and gas field service company listed on NASDAQ. Recon
supplies China's largest oil exploration companies,
Sinopec ("SNP") and The China National Petroleum Corporation
("CNPC"), with advanced automated technologies, efficient gathering
and transportation equipment and reservoir stimulation measures for
increasing petroleum extraction levels, reducing impurities and
lowering production costs. Since 2017, the Company has expanded its
business operations into other segments of the broader energy
industry including electric power, coal chemicals, renewable energy
and environmental protection in the energy and chemical
industries. Through the years, Recon has taken leading
positions on several market segments of the oil and gas field
service industry. Recon also has developed stable long-term
cooperation relationship with its major clients, and its products
and service are well accepted by clients. For additional
information please visit: www.recon.cn.
About Dragon Gate Investment Partners
Headquartered in New York City's
midtown Manhattan, Dragon Gate
Investment Partners is a unique investment firm with a special
focus on globalizing and localizing sustainable and promising
companies in the U.S. and China.
The team has a well-earned reputation of excellence in providing
sensible and cost-effective cross-border business solutions for a
wide breadth of clientele, including public companies, financial
institutions, and high-net-worth individuals.
Safe Harbor Statement
This news release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, 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. 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.
IR contact:
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: RCON@dgipl.com
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SOURCE Recon Technology, Ltd.