NetworkNewsBreaks – Recon Technology (NASDAQ: RCON) Shares Surge on $2M Supply and Services Deal with Qinghai Oilfield
Shares of Recon Technology (NASDAQ: RCON) are up 21% after the company this morning said it will provide its proprietary chemical compound agents, microbiological treatment agents and relevant services for oily sewage treatments to Qinghai Oilfield Company, a PetroChina Co., Ltd. subsidiary. The company expects to receive revenues of RMB 13.11 million (approximately USD $2 million) over the course of one year, dependent upon the quantity of the products actually used. "This is a major progression in our partnership with Qinghai Oilfield, and an indication of the upside potential of Recon in the oilfield environmental protection market," Recon chief executive…







