Business
Reflect Scientific Annual Update: New Developments, COVID Vaccine Shippers, Increased Sales
Reflect Scientific Annual Update: New Developments, COVID Vaccine Shippers, Increased Sales.
About this update from Reflect Scientific, Inc.
[{"type":"text","content":"\n OREM, Utah, Sept. 29, 2020 (GLOBE NEWSWIRE) -- Reflect Scientific, Inc. (Symbol:RSCF), a provider of diverse products and services for the biotechnology, pharmaceutical and transportation industries announces its annual business update. Reflect Scientific continues to make significant progress in product sales, supporting infrastructure and market reach. Our production has ramped up to meet demand with investment in manufacturing infrastructure which, together with strategic outsourcing initiatives, has resulted in improved delivery timing. This has yielded year over year gains of 243% for the period ending June 30, 2020 vs. June 30, 2019. We have also revised our corporate structure which has significantly reduced overheads which are now being reinvested in the business. As previously announced, we entered the fast-growing CBD oil business with our patented state of the art chilling systems. Sales to the hemp processing industry have been strong. The chillers are so efficient that many top tier companies have returned for repeat purchases for their divisions in the US and Canada. We are also Increasing our US / International reach through new distributor partner relationships. In the Bio-Pharma space we are now routinely selling our cryogenic freezers to a multi-billion dollar customer base, with many repeat customers. We are finding that our on-line marketing strategies and key customer word of mouth recommendations have been very effective. We have also received interest from a large government agency that is looking at replacing a sizeable quantity of their older technology compressor based freezers with our state of the art liquid nitrogen systems. This will provide them with redundancy should they lose power to their buildings which would result in failure of the old technology compressors. Our systems would not be affected as they run on liquid nitrogen with battery back-ups. In terms of staffing we have significantly increased our engineering and software capabilities to support new chiller/freezer design initiatives in addition to more cost effective production techniques and the continuous improvement of existing systems.  Our in house software programming will also provide better support for satisfying regulatory requirements where necessary.  We continue to enhance our intellectual property and patent pr...