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Recon Announces RMB4.08 Million Toxic Gas Alarm System Maintenance Contract with CNPC Yunnan Petrochemical
BEIJING, Aug. 23, 2021 /PRNewswire/ -- Recon Technology Limited (NASDAQ: RCON) ("Recon" or the "Company") today announced that through its subsidiary Nanjing
About this update from Recon Technology, Ltd.
[{"type":"text","content":"BEIJING, Aug. 23, 2021 /PRNewswire/ -- Recon Technology Limited (NASDAQ: RCON) (\"Recon\" or the \"Company\") today announced that through its subsidiary Nanjing Recon Technology Co., Ltd., the Company has won a maintenance contract for a combustible toxic gas alarm system (the \"Contract\") from China National Petroleum Corporation Yunnan Petrochemical Company Limited (\"CNPC Yunnan Petrochemical\") . The total contract amount is RMB 4.08 million (approximately US$ 637,500) and the term is four years.\nAccording to the Contract, Recon will be responsible for the inspection, maintenance and troubleshooting of more than 3,000 instruments and meters of the flammable and toxic gas alarm system of the whole plant of CNPC Yunnan Petrochemical to ensure that the production units of the whole plant are in good condition and the production work is safe, environmentally friendly and stable in continuous operation.\nCNPC Yunnan Petrochemical is the first mega refining enterprise in southwest China, jointly invested by China National Petroleum Corporation (\"CNPC\"), YunTianHua Group and Saudi Aramco.\nManagement Statement\n\"We are delighted that our industry experience and high standard of service has been recognized by CNPC Yunnan Petrochemical,\" said Mr. Shenping Yin, a founder and CEO of Recon. \"Winning this long-term maintenance contract with CNPC Yunnan Petrochemical is based on our in-depth knowledge of automation instrumentation dedicated to the petroleum industry and refining companies. Our staff assigned to the Yunnan Petrochemical project have at least 5 years of experience in maintaining flammable and toxic gas alarm systems. We have also passed a highly valuable capability assessment of inspection and maintenance by China Special Equipment Testing and Research Institute. Under the current environment, safety management has become an important component of risk control and corporate social responsibility for major oil and refining companies. We hope that we can fully utilize our experience and expertise to provide safety assurance to more enterprises in the oil and refining industry.\"\nAbout Recon Technology, Ltd (\"RCON\")\nRecon Technology, Ltd (NASDAQ: RCON) is China's first NASDAQ-listed non-state owned oil and gas field service company. Recon supplies China's largest oil exploration companies, Sinopec (NYSE: SNP) and T...