OREM, Utah, September 29, 2020 (GLOBE NEWSWIRE) – Reflect Scientific, Inc. (Symbol: RSCF), a supplier of products and facilities for the biotechnology, pharmacy and transportation industries, announces its annual commercial update.
Scientific Reflect continues to make significant progress in product sales, infralayout and market reach. Our production has accelerated to meet needs through investments in the production infrastructure, which, combined with strategic outsourcing initiatives, has advanced delivery times. annual gains of 243% for the era ended June 30, 2020 compared to June 30, 2019. We’ve also reviewed our corporate design, which has particularly reduced overheads that are now reinvested in the business.
As announced in the past, we have entered the fast-growing CBD oil industry with our patented cooling systems. Sales to the hemp processing industry were strong. Refrigerators are so effective that many leading corporations have returned for repeated purchases for their divisions in the US. But it’s not the first time And Canada, we’re also expanding our success in the US. But it’s not the first time And international through new relationships with distribution partners.
In the Bio-Pharma space, we now sell our cryogenic freezers to a billion-dollar visitor base, with many normal consumers. We found that our online marketing methods and key word-of-mouth recommendations for consumers have been very effective.
In terms of staffing, we have increased our engineering and software functions to new refrigerator/freezer design projects, as well as more cost-effective production techniques and continuous improvements to existing systems. Our in-house software programming will also provide more to meet regulatory needs if needed.
We continue to improve our high-end assets and patent coverage for our cold chain management projects. Reliable shipping and point-of-use delivery are a critical time factor for fabrics that require reliable temperature control. As an example of the benefits of sourcing our Cryometrix formulas, recent activity has required an application where payloads are cooled, held at flexible temperature control points, and shipped in bulk with a long shipping time. The Cryometrix formula is preferably suitable for this application. It provides immediate cooling with much more success than mechanical compressor driven formulas, can control temperature uniformly across a wide variety of set points, is capable of holding up to 72,000 vials in a payload, and can also be used anywhere. it would possibly take several weeks to store. / send cycle without recharging the cooling formula. This would be of utmost importance in the case of the distribution of COVID vaccines, which lately is a logistical factor under consideration. Reflect recently received a patent for shipping large volumes of prescription drugs, such as COVID vaccines.
In terms of monetary position, Reflect Scientific is lately debt-free, the company has a record amount of money and we are not in favor of financing; lately we self-finance all our allocation initiatives.
About Reflect Scientific, Inc.
Scientific Reflect, Inc. , in Orem, Utah, develops and markets state-of-the-art patented cryogenic cooling technologies for the biotechnology, pharmacy, medicine and transportation markets. Reflect Scientific products come with low temperature freezers and refrigerated systems for laboratories, transportation and PC server Visit www. reflectscientific. com or www. cryometrix. com for more information.