Reflect Scientific Inc. Announces Strategic Market Transition and Substantial Cost Savings
Reflect Scientific Inc. (RSCF) has announced significant financial improvements through strategic market transitions and cost-saving initiatives. The company's move from OTCQB to OTC Pink market has generated over $100,000 in annual savings while maintaining transparent financial reporting.
The company plans to transition to the OTCIQ market on July 1, 2025, expecting additional operational efficiencies. Implementation of new operational cost-saving measures is projected to yield annual savings between $200,000 and $300,000.
Reflect Scientific, based in Orem, Utah, specializes in cryogenic cooling technologies for biotechnology, pharmaceutical, medical, and transportation markets, including low-temperature freezers and refrigerated systems for various applications.
Reflect Scientific Inc. (RSCF) ha annunciato importanti miglioramenti finanziari grazie a strategie di transizione di mercato e iniziative di riduzione dei costi. Il passaggio della società dal mercato OTCQB a OTC Pink ha generato oltre 100.000 $ di risparmi annui, mantenendo al contempo una rendicontazione finanziaria trasparente.
L'azienda prevede di passare al mercato OTCIQ il 1° luglio 2025, con l’aspettativa di ulteriori efficienze operative. L’implementazione di nuove misure di contenimento dei costi operativi dovrebbe portare a risparmi annui tra 200.000 e 300.000 $.
Reflect Scientific, con sede a Orem, Utah, è specializzata in tecnologie di raffreddamento criogenico per i settori biotecnologico, farmaceutico, medico e dei trasporti, offrendo congelatori a bassa temperatura e sistemi refrigerati per diverse applicazioni.
Reflect Scientific Inc. (RSCF) ha anunciado mejoras financieras significativas gracias a transiciones estratégicas de mercado e iniciativas de ahorro de costos. La transición de la compañía del mercado OTCQB al OTC Pink ha generado más de 100,000 $ en ahorros anuales, manteniendo al mismo tiempo una transparencia en los informes financieros.
La empresa planea pasar al mercado OTCIQ el 1 de julio de 2025, esperando obtener mayores eficiencias operativas. La implementación de nuevas medidas para reducir costos operativos se proyecta que genere ahorros anuales entre 200,000 y 300,000 $.
Reflect Scientific, con sede en Orem, Utah, se especializa en tecnologías de refrigeración criogénica para los mercados de biotecnología, farmacéutico, médico y transporte, incluyendo congeladores de baja temperatura y sistemas refrigerados para diversas aplicaciones.
Reflect Scientific Inc. (RSCF)는 전략적 시장 전환과 비용 절감 이니셔티브를 통해 중요한 재정 개선을 발표했습니다. 회사는 OTCQB에서 OTC Pink 시장으로의 이전을 통해 연간 100,000달러 이상의 절감 효과를 달성했으며, 동시에 투명한 재무 보고를 유지하고 있습니다.
회사는 2025년 7월 1일에 OTCIQ 시장으로 전환할 계획이며, 추가적인 운영 효율성을 기대하고 있습니다. 새로운 운영 비용 절감 조치 도입으로 연간 200,000달러에서 300,000달러 사이의 절감 효과가 예상됩니다.
유타주 오렘에 본사를 둔 Reflect Scientific는 생명공학, 제약, 의료, 운송 시장을 위한 극저온 냉각 기술을 전문으로 하며, 저온 냉동고와 다양한 용도의 냉장 시스템을 제공합니다.
Reflect Scientific Inc. (RSCF) a annoncé des améliorations financières significatives grâce à des transitions stratégiques sur le marché et des initiatives de réduction des coûts. Le passage de la société du marché OTCQB au marché OTC Pink a généré plus de 100 000 $ d’économies annuelles tout en maintenant une transparence financière.
L’entreprise prévoit de passer au marché OTCIQ le 1er juillet 2025, anticipant des gains d’efficacité opérationnelle supplémentaires. La mise en œuvre de nouvelles mesures d’économie opérationnelle devrait permettre d’économiser entre 200 000 et 300 000 $ par an.
Basée à Orem, Utah, Reflect Scientific est spécialisée dans les technologies de refroidissement cryogénique pour les marchés de la biotechnologie, pharmaceutique, médicale et des transports, incluant des congélateurs basse température et des systèmes réfrigérés pour diverses applications.
Reflect Scientific Inc. (RSCF) hat bedeutende finanzielle Verbesserungen durch strategische Markttransitionen und Kosteneinsparungsmaßnahmen bekannt gegeben. Der Wechsel des Unternehmens vom OTCQB- zum OTC Pink-Markt hat jährliche Einsparungen von über 100.000 $ erzielt, während gleichzeitig eine transparente Finanzberichterstattung gewährleistet wurde.
Das Unternehmen plant, am 1. Juli 2025 zum OTCIQ-Markt zu wechseln und erwartet dadurch weitere betriebliche Effizienzsteigerungen. Die Umsetzung neuer Maßnahmen zur Kostensenkung im operativen Bereich soll jährliche Einsparungen zwischen 200.000 und 300.000 $ bringen.
Reflect Scientific mit Sitz in Orem, Utah, ist auf kryogene Kühltechnologien für die Biotechnologie-, Pharma-, Medizin- und Transportmärkte spezialisiert und bietet Tiefkühlgeräte sowie Kühlsysteme für verschiedene Anwendungen an.
- Annual savings of over $100,000 from OTCQB to OTC Pink market transition
- Additional projected annual cost savings of $200,000-$300,000 from operational measures
- Maintained transparent financial reporting despite reduced regulatory requirements
- Downgrade from OTCQB to less prestigious OTC Pink market tier
- Further downgrade planned to OTCIQ market
OREM, Utah, April 21, 2025 (GLOBE NEWSWIRE) -- Reflect Scientific Inc. (symbol: RSCF), a leading innovator in advanced refrigeration and cooling technologies, today announced significant financial improvements resulting from strategic market transitions and comprehensive cost-saving initiatives.
Reflect Scientific's recent move from the OTCQB market to the OTC Pink market has already generated over
Additionally, Reflect Scientific is implementing operational cost-saving measures that are projected to yield annual savings between
CEO Kim Boyce remarked, "We are pleased with the financial benefits of these strategic moves. Transitioning markets and aggressively managing operational costs greatly enhance our ability to operate efficiently and sustainably, creating meaningful long-term value for our shareholders."
Reflect Scientific remains committed to innovation, efficiency, and transparency as it continues to deliver cutting-edge solutions to its customers and returns for its investors.
About Reflect Scientific, Inc.
Reflect Scientific, Inc., based in Orem, Utah, develops and markets innovative, proprietary technologies in cryogenic cooling for the biotechnology, pharmaceutical, medical, and transportation markets. Among Reflect Scientific's products are low-temperature freezers and refrigerated systems for laboratory, transportation, and computer server room uses. Visit reflectscientific.com for more information. See us on Twitter @ReflectSci and LinkedIn www.linkedin.com/company/reflect-scientific.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of the disclosures contained in the filings of the Company that are contained in the OTC Markets Group, LLC under the trading symbol "RSCF" and related prior filings by the Company that are referenced therein and contained in the EDGAR Archives of the Securities and Exchange Commission under the heading "Disclosure," including those identified in such filings as "forward-looking statements."
Contact Investor Relations 801-607-1039 info@reflectscientific.com
FAQ
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