OREM, Utah — Reflect Scientific Inc. (symbol: RSCF), a leading innovator in advanced refrigeration and cooling technologies, 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 $100,000 in annual savings. Maintaining rigorous financial reporting standards, Reflect Scientific provides detailed and transparent financials despite the reduced regulatory expenses associated with the transition. Furthermore, the Company is set to transition to the OTCIQ market on July 1, 2025, anticipating further operational efficiencies.
Additionally, Reflect Scientific is implementing operational cost-saving measures that are projected to yield annual savings between $200,000 and $300,000. These initiatives underline the Company’s ongoing dedication to financial stewardship and increased shareholder value.
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.