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Monday, October 18, 2021

The Fascinating Story of Reflect Scientific, Inc. (OTCMKTS: RSCF) Ultra-Cold Shipping Cryometrix S-90 Cryogenic Cooling

Reflect Scientific, Inc. (OTCMKTS: RSCF) has seen a historic rise in recent weeks as its ultra-low temperature blast freezers; Cryometrix S-90 which accommodates payloads ranging from those requiring conventional refrigeration to specialty products such as COVID-19 and related vaccines that may require temperatures as low as -80° centigrade (-112° Fahrenheit) gains serious traction. The Company has been awarded a number of patents in recent months including one on December 2 for an ultra-cold shipping and storage container for transportation by air that uses liquid nitrogen technology for cooling.

Mr. Kim Boyce, CEO of Reflect Scientific, remarked: “Reflect Scientific is now working with organizations such as the governments’ Operation Warp Speed and air carriers that have the expertise to utilize this storage system for specific customized applications.” Microcapdaily first reported on RSCF on November 10 as the stock started to move up off its $0.03 base.

Reflect Scientific, Inc. (OTCMKTS: RSCF) 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. The Company is quickly developing a valuable patent portfolio. Reflect’s Cryometrix ultra low temperature and blast freezers are a technological breakthrough that provides energy savings and other critically important benefits to cryo-storage customers in the Life Science related industries.  Ultra-low temperature and blast freezers are used in multiple industries for the storage and fast freezing profiles of everything from blood to cancer vaccines.  These types of freezers are used by hospitals and biotechnology research facilities. The blast freezers innovative design enables the Company’s customers to save substantially on energy costs related to cryogenic storage. Ultra-low temperature freezers are used worldwide for the storage of vaccines, DNA, RNA, proteins and many other biological and chemical samples. There is a growing need for energy efficient, reliable ultra-low temperature storage units.

Reflect’s Cryometrix freezers are targeted to this growing market and we have had tremendous success in blood storage and pharmaceutical manufacturing applications.  The application of this technology for use in refrigerated trailers  used to transport goods which need to be maintained in a cold environment significantly broadens the market for this technology.  The utilization of this technology in reefers eliminates the current method of cooling, which utilize engines run on hydrocarbon fuels.  The Cryometrix technology is pollutant free and is more cost effective and efficient than the technologies currently used. Reflect has added a new product line of solvent chillers.  Solvent chillers are used in natural products extraction for optimizing product yield.

In November Reflect Scientific announced financial results for the third quarter and nine-month period ended September 30, 2020. The year over year revenue for the three months ended September 30, 2020 saw a 66.5% increase from $366,431 to $610,155 and for the 9 months ended a 215% increase from $977,312 to $2,096,869. Gross margins for the 2020 third quarter were virtually unchanged at 71% compared to 72% for the same period in 2019.

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On December 2 the Company announced a patent has been granted by the United States Patent Office for an ultracold shipping and storage container for transportation by air that uses liquid nitrogen technology for cooling. This follows the October patent awarded toi Reflect for a cryogenic modular shipping unit that can reliably and uniformly maintain its payload at temperatures as low as -90 degrees Celsius, making it an ideal system for cold chain management of biologics like COVID 19 vaccines. The cryogenic system provides the customer with a capability of short or long duration bulk shipping and may also be used for long term storage.

The large state-of-the-art shipping system could carry many thousands of doses of vaccines and utilizes the commercially proven Cryometrix patented cooling and freezing technology that has the flexibility to provide precise temperature control across a wide range of temperatures. The system accommodates payloads ranging from those requiring conventional refrigeration to specialty products such as COVID-19 and related vaccines that may require temperatures as low as -80° centigrade (-112° Fahrenheit). Systems can be configured to provide for short or long duration shipping cycles, making it an ideal choice for cold chain management.

Mr. Kim Boyce, CEO of Reflect Scientific, remarked, “Reflect Scientific is now working with organizations such as the governments’ Operation Warp Speed and air carriers that have the expertise to utilize this storage system for specific customized applications.”

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RSCF has seen a historic rise in recent weeks as its ultra-low temperature blast freezers; Cryometrix S-90 which accommodates payloads ranging from those requiring conventional refrigeration to specialty products such as COVID-19 and related vaccines that may require temperatures as low as -80° centigrade (-112° Fahrenheit) gains serious traction. The Company has been awarded a number of patents in recent months including one on December 2 for an ultra-cold shipping and storage container for transportation by air that uses liquid nitrogen technology for cooling. Expectation is that the market conditions fueling RSCF fast rising sales will prevail well into the foreseeable future. The emergence of mRNA vaccines like COVID-19, therapeutic protein drugs and other biologicals requiring ultra-cold conditions for processing, storage or transportation will serve to create a solid revenue stream for the Cryometrix ultracold refrigeration solutions. Mr. Kim Boyce, CEO of Reflect Scientific, recently remarked: “Reflect Scientific is now working with organizations such as the governments’ Operation Warp Speed and air carriers that have the expertise to utilize this storage system for specific customized applications.” Microcapdaily first reported on RSCF on November 10 as the stock started to move up off its $0.03 base.  We will be updating on RSCF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with RSCF.

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Disclosure: we hold no position in RSCF either long or short and we have not been compensated for this article.

 

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