Reflect Scientific Inc logo

RSCF - Reflect Scientific Inc News Story

$0.166 -0.0  -1.2%

Last Trade - 05/05/21

Sector
Healthcare
Size
Micro Cap
Market Cap £10.2m
Enterprise Value £9.93m
Revenue £1.16m
Position in Universe 6283rd / 6846

Market Report Bodes Well for Reflect Scientific Growth Potential

Wed 3rd March, 2021 1:00pm
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210303:nGNX7R8XjY&default-theme=true


OREM, Utah, March 03, 2021 (GLOBE NEWSWIRE) -- Reflect Scientific, Inc.
(Symbol: RSCF). A recent study by Global Market Insights (gminsights.com),
“Ultra-Low Temperature Freezer Market: Top 3 trends boosting the industry
demand through 2026,” indicates the ultra-low temperature freezer market is
expected to see strong growth due to increasing demand from a variety of
applications such as accelerated R&D activities for the development of
vaccines, preservation associated with organ donation, cell and gene therapies
and blood banking. Three key trends were sighted that will boost market
growth: (i) The advent of advanced freezers, (ii) Increasing demand for
upright freezers, (iii) Increased demand across the Asia Pacific region.

“Our advanced liquid nitrogen cooled ultra-low temperature freezers, both in
upright and chest configuration, are ideally positioned to address the market
needs of sectors that are expected to show strong demand. We remain very
optimistic about our growth potential,” remarked Mr. Kim Boyce, CEO of
Reflect Scientific Inc.

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
www.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
Thomas Tait
801-607-1039
investor_relations@reflectscientific.com

(https://www.globenewswire.com/NewsRoom/AttachmentNg/0cfcbf12-abd7-49c1-b74f-b8ba0124ec17)



GlobeNewswire, Inc. 2021
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.