NEW YORK, March 26, 2020 /PRNewswire/ -- Recon
Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company"), today
announced that Dr. Yonggang Duan has been appointed to its Board of
Directors as an independent director, effective March 19, 2020.
Dr. Duan is currently a researcher and doctoral supervisor, a
third level professor and the director of the Oil Well Completion
Technology Center at the School of Petroleum Engineering, Southwest
Petroleum University. First graduated
in 1984 major in oil recovery
engineering, Dr. Duan got his master's degree in 1988 and the Ph.D.
degree in 2009 both major in oil and gas field development
engineering from Southwest Petroleum
University. Long engaging in teaching and scientific
research in the field of oil and gas field development engineering
and well completion, focusing on the research work on oil and gas
reservoirs dynamic analysis, well testing and completion, Dr. Duan
has won several awards and titles including outstanding experts
with outstanding contributions in Sichuan
Province, experts in oil and gas safety in Sichuan Province, and candidates for academic
and technical leadership in Sichuan
Province.
Dr. Duan has published more than 60 journals, including 20 SCI
journals, 23 EI journals, and serval CSCD journals. He has
participated in the writing of 4 monographs and 2 textbooks, both
"Oil and Gas Layer Protection Technology" and "Reservoir Physics"
have been listed as planning textbooks by the Ministry of
Education. Dr. Duan was in charge of the National 973 Project
"high-efficiency shale gas development technology -research on the
theory and interpretation method of shale gas horizontal well
fracturing test", a national 863 project, 4 national major oil and
gas projects, 10 other provincial and ministerial level projects.
Dr. Duan has won 5 provincial and ministerial science and
technology progress awards, including the first, the second and the
third prizes.
"We are delighted to welcome Dr. Duan to our Board of Directors
at this pivotal moment for the Company," said Mr. Shenping Yin, co-founder, and CEO of Recon. "Dr.
Duan's deep scientific knowledge and reputation in the oil and gas
industry promise to be an asset to the company under current
challenging macroenvironment. We look forward to working with and
learning from Dr. Duan."
Dr. Duan said, "I'm looking forward to working with the Recon
teams. Based on my experience of more than 30 years in the oil and
gas projects, I hope to help Recon to improve technology and launch
new products, therefore bring better sales expectations in the
future."
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 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 relationships with its major clients, and its
products and service are well accepted by clients. For additional
information please visit: www.recon.cn.
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, the effect of novel coronavirus and other health
matters on target markets, 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.