Recon Technology Announces Future Gas Station's Tripartite Strategic Agreement for Smart Gas Station Project

BEIJING, July 8, 2019 /PRNewswire/ -- Recon Technology, Ltd. (Nasdaq: RCON) ("Recon" or the "Company"), aChina-based independent solutions integrator in the oilfield service, environmental protection, electric power and coal chemical industries, today announced the Company's 43%-owned subsidiary, Future Gas Station (Beijing) Technology, Ltd. ("FGS"), has entered into a deep cooperation agreement for smart gas stations (the "Agreement") with Zhejiang sales branch of PetroChina Co. Ltd. ("Zhejiang CNPC") and Alipay (Hangzhou) Information Technology Co., Ltd ("Alipay") to cooperate on a smart gas station project (the "Project").