BEIJING, Dec. 6, 2016 /PRNewswire/ -- Recon Technology,
Ltd. (NASDAQ: RCON), ("Recon" or the "Company"), a leading
independent oilfield services provider operating primarily in
China, today announced it has been
awarded a patent for its proprietary Oilfield Wastewater Treatment
Device by China's State
Intellectual Property Office.
Oily wastewater, as the outcome
of the oilfield exploitation process, contains water, various oils,
chemical polymers, heavy metals, microorganisms, and suspended and dissolved
solids. The treatment of oilfield wastewater represents not only
serious operational issues, but also a major environmental
challenge to all oil producers. As a total solution provider to
Chinese stated owned petroleum companies, Recon has developed the
Oilfield Wastewater Treatment Device to improve the effectiveness
of water treatment, reduce infrastructure investment and operating
costs for oil companies. The patented device can separate the
sewage sludge and oil pollution from crude oil within one integrative equipment and at the same time, produce
water that is qualified for direct discharge, reinjection or other oil-company projects, thus
significantly increasing the processing effectiveness and
cost-savings of wastewater treatment. In addition to this patent,
the company is currently applying for several other patents
designed to facilitate removal of toxic substances and metallic
elements from wastewater.
Mr. Shenping Yin, Chairman and
CEO of Recon stated, "We started developing new products for
oilfield wastewater treatment last fiscal year and have achieved
preliminary business results. Two major advantages of our device
and resolution are to dramatically save space and reduce costs for
our clients, which are particularly attractive, given current low
oil prices. We are confident that, with this new patent and our
other innovative technology and business solutions in wastewater
treatment, we will further enhance our strength in this high growth
business segment."
About Recon Technology, Ltd. (NASDAQ: RCON)
Recon Technology, Ltd. is China's first listed non-state owned oil and
gas field service company on NASDAQ. Recon supplies China's largest oil exploration companies,
Sinopec and CNPC, with advanced automated technologies, efficient
gathering and transportation equipment and reservoir stimulation
measure for increasing petroleum extraction levels, reducing
impurities and lowering production costs. Through the years, RCON
has taken leading positions on several segmented markets of the oil
and gas filed service industry. RCON also has developed stable
long-term cooperation relationship with its major clients, and its
products and service are also well accepted by clients. For
additional information please visit us at www.recon.cn.
Company Contact
Liu Jia
Recon Technology, Ltd.
+86 (10) 84945799
info@recon.cn
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SOURCE Recon Technology, Ltd.