Recon Technology, Ltd. (NASDAQ: RCON) is trading higher this morning on news that it has been granted a patent by China’s State Intellectual Property Office for its proprietary Oilfield Wastewater Treatment Device. The company has developed the Oilfield Wastewater Treatment Device to improve the effectiveness of water treatment and to reduce infrastructure investment and operating costs for oil companies. The patented device can separate the sewage sludge and oil pollution from crude oil while also producing water that is qualified for other oil-company projects. The company said it is also applying for several other patents designed to facilitate removal of toxic substances and metallic elements from wastewater.
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About Recon Technology, Ltd.
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 more information visit the company’s website at www.recon.cn
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