Recon Technology awarded $1M contract for project in China

Recon Technology (NASDAQ:RCON) has announced that Nanjing Recon Technology has been awarded a contract worth RMB 6.1M (or $1M) for the Ground Control Project in the Deep Shale Gas Field at a Well Area in Chongqing City located in mainland China.
The Company will commence the project upon contract execution and expects to complete services no later than December 31, 2024.
Under the terms, Nanjing Recon will implement the Ground Control Project, which focuses on the autonomous monitoring and control system for the deep shale gas field.
This project marks another significant milestone for Recon, and further solidifying its position as a key player in providing innovative solutions to the oil and gas industry in China.