HH BHD wins an OEM contract

HH BHD (Huang Hua BHD Petroleum Equipment Manufacturing Co. Ltd.) was awarded a $0.57 million contract for the supply of equipment.

Supply of equipment

HH BHD is a subsidiary of Recon Technology, a China-based independent integrator in the oilfield services sector. It is also involved in environmental protection, electric power, and the coal chemical industry. Finally, the company announces that the Mainland China subsidiary has been awarded a $0.57 million contract.

HH BHD will supply high efficiency heating furnace equipment for an oil and gas company in China. The subsidiary generated $0.96 million in revenue from bids and contracts awarded in the last fiscal quarters. Equipment supplied includes isolation devices, automatic alcohol injection device for oil and gas wells and pipelines.

Multiple services

The supply also includes large tank extraction skids for treatment equipment, separators and wastewater tanks. Finally, HH BHD will also provide furnace repair and maintenance services to the customer’s oil and gas transmission center. In addition, all of these elements come with a two-year quality guarantee.

Mr. Shenping Yin, founder and CEO of Recon, says:

“These contracts confirm our commitment to our customers to continually provide the first-class solutions and services they need to outperform the competition and succeed. The sustainable use and high quality of our products could be applied in a variety of forms, serving a variety of industries that will help support our overall business performance in the coming year.”

Recon Technology is the first non-state-owned oil and gas services company in the People’s Republic of China listed on NASDAQ. It supplies China’s major oil exploration companies such as Sinopec.