Recon Technology announces large furnace order from CNPC

Recon Technology announced it recently received several sales orders for specialized oilfield furnaces from China National Petroleum Company's, or CNPC, Jiling Oilfield Company and Huabei Oilfield Company. The total value of these contracts will be approximately $1.9M. According to sales contracts, the company will provide 9 vacuum heating furnaces to its newly developed customer, CNPC's Jiling Oilfield Company, and 6 phase-change heating furnaces to its long-term customer, CNPC's Huabei Oilfield Company. The company will be in charge of the project, from design through manufacture of the furnaces, and expects to complete the orders before the end of calendar 2013.