Here's today's RSCF shareholder letter. Lots of positives
OREM, Utah , May 17, 2021 (GLOBE NEWSWIRE) -- Reflect Scientific, Inc. (Symbol: RSCF), a provider of diverse products and services for the biotechnology, pharmaceutical, and transportation industries, announces a shareholder message from the CEO.
A shareholder message from Kim Boyce , CEO of Reflect Scientific Inc. :
As mentioned in my previous press release, Reflect Scientific Inc. started developing cryogenic temperature control systems based on liquid nitrogen over ten years ago. Over time many improvements have been made and a large body of intellectual property created. We have also allied with a manufacturing facility capable of producing our systems in large volume.
There continues to be growing interest in our product lines due to their unique capabilities to support the processing, storage, and transportation needs of a wide range of life science sectors, including Biologics/CGT, Blood, and Vaccines.
Several factors essentially drive customer interest:
Non-mechanical systems, exceptional reliability, cost-effectiveness
Superior temperature control anywhere from ambient to 160 deg C
Cryometrix S-90 cryogenic shipper can run off the grid for long periods of time
Green technology
In processing applications, we continue to receive orders for our B-90 blast freezing system and now have many units in operation, the performance of which has met or exceeded expectations. Feedback has shown customers have realized a significant benefit from their use.
In the Storage arena, we continue to sell our T-90 and T-160 products. We have recently received an inquiry from a major government agency looking for non-mechanical freezers to supplant many of their existing mechanical units.
In the transportation/cold chain area, we continue to receive inquiries for the following applications:
Vaccine management
Air freight temperature-controlled containers
Use of our CB 40 system for TRU reefers a recent message from CARB indicates we are the leading choice of technology for California markets
In addition, we have received inquiries for broader applications for our L-80 chiller systems from Boeing and NASA.
Our outlook for Reflect Scientific continues to remain bullish. The Company continues to be debt-free.
On March 30, 2021 , Reflect Scientific filed a Form 10 Registration Statement with the SEC . Upon effectiveness of Form 10, Reflect will become a fully-reporting issuer with the SEC . Among other things, this means that we will resume filing Annual Reports on Form 10-K and Quarterly Reports on 10-Q with the SEC regularly. Our year-end financial results are available for review in Form 10, which is available on the SECs website, and they are also available on the OTC Markets website.
It's nice to have a lot of horsepower in the engine room but you need some in the wheelhouse too.
