Recon Technology Secures over $1M in New Equipment Orders for Chinese Oil and Gas Fields

Recon Technology, Ltd. (Nasdaq: RCON), a leading Chinese non-state-owned oil and gas automation services provider, announced today that it has received over $1 million in new equipment orders from China National Petroleum Corporation (CNPC).

Recon received an RMB 6,700,000 (approximately $981,000 USD) order from the CNPC Qinghai Oilfield in China's Gansu Province. Crude petroleum from this area contains impurities including water and natural gas that must be removed before the petroleum can be sold. The order includes 11 patented oil field furnaces that remove these impurities and prevent solidification and blockages in oil pipelines. Recon's highly automated furnaces operate with 90% heating efficiency.

Recon also received an RMB 460,008 (approximately $67,000 USD) order from the CNPC Sebei Natural Gas Field in China's Gansu Province. This included 7,300 kilogram welding rods and welding wires used for gas transport pipes. The company secured this order based on the technical superiority of Recon’s welding materials that enable better seals and increased efficiency for gas transportation.

Recon Technology CEO Shenping Yin said, “These two orders from CNPC emphasize Recon's strong competitive position in increasing efficiency and profitability for China’s petroleum industry. We're pleased that leading Chinese oil and gas companies continue to rely on Recon for products to reduce equipment costs and enhance productivity levels and savings.”

About China National Petroleum Corporation (CNPC)

CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction. With a presence in almost 70 countries, CNPC is an integrated international energy company, with businesses covering oil and gas operations, technical services, engineering and construction, equipment manufacturing, financial services and renewable energy development. The company is listed on The Stock Exchange of Hong Kong (SEHK) under code “0135”. For additional information about CNPC, please visit the company’s website at http://www.cnpc.com.cn/en/.

About Recon Technology, Ltd.

Recon Technology, Ltd. has been providing leading Chinese oil and gas companies with automation services that increase efficiency and profitability in exploring, extracting, producing, processing, refining and transporting petroleum products for over 10 years. The company’s proprietary computerized process control system manages oil production in real-time to increase extraction levels, reduce impurities in extracted petroleum and lower production costs. In addition, as one of only two acoustic system providers in the world, Recon’s acoustic pipeline monitoring system is widely used to prevent gas leakage in the transport pipeline. Recon's technology is based on three software copyrights, eight product patents and four pending patents. Recon Technology is the first Chinese non-state-owned oil and gas service company to go public in the U.S. More information may be found at http://www.recon.cn or e-mail: recon@hawkassociates.com.

Recon's online investor kit, including an investment profile, press releases, current price quotes, stock charts and more is available at http://www.hawkassociates.com/profile/rcon.cfm. To receive notification of future releases via e-mail, subscribe at http://www.hawkassociates.com/about/alert/.

Contacts:

For Recon Technology, Ltd.
Hawk Associates
Susan Zhou, 305-451-1888
recon@hawkassociates.com

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