NEW YORK, Dec. 2, 2019 /PRNewswire/ -- Recon Technology,
Ltd. (NASDAQ: RCON) ("Recon" or the "Company"), today announced
that Ralph Hornblower III has been elected to be a new member
of its Board of Directors.
Mr. Hornblower has had a diverse career in investment and
merchant banking and as a practicing attorney. As a cum laude
graduate of Harvard College and the University
of Virginia Law School, Mr. Hornblower joined the US
Department of Justice immediately upon graduation from law school
and first worked as a trial attorney in the Special Litigation
Section of the Department's Civil Rights Division. Under Attorneys
General Edward Levi and Griffin Bell, he was appointed to the office
with authority to oversee all matters of ethics and professional
responsibility throughout the Justice Department following the
Watergate cases of the mid-1970s.
After a period of private practice, Mr. Hornblower began his
career as an investment professional at Alex Brown & Sons and
at the Cape Cod Company. In 1998 he resumed active management of
Hornblower & Company, LLC, an investment firm specializing in
advising early-stage companies in the biomedical, alternative
energy, health care, and transportation/logistics sectors. He is
now the chairman of Hornblower & Company, LLC.
"Mr. Hornblower is an experienced and forward-thinking leader,
and we are delighted that he has joined the board," said Mr.
Shenping Yin, co-founder, and CEO of
Recon. "Based on his more than 20
years of experience in energy industry, Recon can benefit greatly
from his insights, judgment, and counsel to develop innovative
energy solutions. We are making an effort in better compliance with
the US rules and looking forward to new relationships with great
partners."
"I'm delighted to join the Recon Board of Directors," said Mr.
Hornblower. "I have spent considerable efforts doing the same over
the last ten years advising energy executives from the Middle East, South
Asia, Africa, and
South America to consider cleaner
natural and liquid petroleum gases, and other cleaner energy
systems that are not entirely based on fossil fuels. I'm looking
forward to assisting Recon in moving China and the rest of the world to a greener,
more sustainable 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 relationship 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, 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.