Recon Technology to Exhibit Plastic Chemical Recycling Solutions at 2024 Plastics Recycling Conference in Texas

BEIJING, March 4, 2024 /PRNewswire/ -- Recon Technology Ltd ("Recon" or the "Company"), a China-based oilfield service provider and low-carbon energy service provider, today announced that it will participate in the 2024 Plastics Recycling Conference in Grapevine, Texas, from March 25th to 27th.

At the conference, Recon will showcase its solutions for low value plastic chemical recycling, including its solution on waste plastic collection and treatment, basic processing and techniques, factory construction progress and expected production capacity, and main outputs of the process. We cordially invite everyone interested in chemical recycling of plastics to visit our Booth 419 to learn more about our company's history and the advantages of our technology and products, and we look forward to cooperating with upstream and downstream industry players.

"We are proud to attend this conference and showcase our industry solutions," said Mr. Shenping Yin, CEO of Recon, "As a company focusing on solutions for the energy and chemical industries, we are committed to providing truly green and low carbon solutions for the transformation of the traditional energy industry. Through the latest catalytic pyrolysis process and improved devices and processes, we have achieved the extraction of pyrolysis oil from recovered low-value waste plastics that cannot be used for physical recycling, mainly polyethylene and polypropylene, and have passed the composition assay and believe the products can be used in the production chain of a chemical plant. Petrochemical companies and the plastics industry have been aware of the technical and economic limitations of plastics chemical recycling for decades, but have not been able to overcome them, and we are pleased that Recon has been able to make some progress in the plastics chemical recycling business. Utilizing our experience and technology, we are committed to providing solutions for the recyclable and low-carbon development of the energy industry and the long-term sustainability of our company".

The Plastics Recycling Conference is the largest annual industry event in North America, bringing together industry leaders, policymakers and recycling experts to discuss the latest trends and innovations in plastics recycling. For more information, please visit the following website: https://www.plasticsrecycling.com/. 

About Recon Technology, Ltd ("RCON")

Recon Technology, Ltd (NASDAQ: RCON) is the People's Republic of China's first NASDAQ-listed non-state owned oil and gas field service company. Recon supplies China's largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation ("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 within several segmented markets of the oil and gas filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: http://www.recon.cn/. 

Forward-Looking Statements

Recon includes "forward-looking statements" within the meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are not limited to historical fact or they use words such as "scheduled," "may," "will," "could," "should," "would," "expect," "believe," "anticipate," "project," "plan," "estimate," "forecast," "goal," "objective," "committed," "intend," "continue," or "will likely result," and similar expressions that concern Recon's strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of these statements are derived from Recon's operating budgets and forecasts, which are based on many detailed assumptions that Recon believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under "Risk Factors" in Recon's most recent Annual Report on Form 20-F and any subsequent half-year financial filings on Form 6-K filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates, or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects. Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, Recon.