Recon Technology, Ltd provides computer software and hardware solutions to companies in the petroleum mining and extraction industry. The Company provides services designed to automate and enhance the extraction of petroleum in the People鈥檚 Republic of China. It derives revenues from the sale of hardware products, the sale of software products, and services. Its products and services involve procedures of extraction and production of oil and gas, which include automation systems, equipment, tools and onsite technical services. The People鈥檚 Republic of China companies it control by contract, Beijing BHD Petroleum Technology Co., Ltd. (BHD), Nanjing Recon Technology Co., Ltd. (Nanjing Recon) and Jining ENI Energy Technology Co., Ltd, (ENI) (collectively the Domestic Companies), and it has developed software and hardware to manage the oil extraction process in real-time and to reduce the costs associated with extraction.