- Annual savings of over $100,000 from transitioning from OTCQB to OTC Pink market.
- Additional projected annual cost savings of $200,000-$300,000 from operational measures.
- Reflect Scientific Inc. (RSCF, Financial) plans to transition to the OTCIQ market on July 1, 2025.
Reflect Scientific Inc. (RSCF), a pioneer in advanced refrigeration and cooling technologies, has announced significant financial improvements through strategic market transitions and comprehensive cost-saving initiatives. The recent move from the OTCQB market to the OTC Pink market has already generated over $100,000 in annual savings. Despite the reduced regulatory expenses associated with this transition, the company maintains rigorous financial reporting standards, providing detailed and transparent financials.
Looking ahead, Reflect Scientific plans to transition to the OTCIQ market on July 1, 2025, with expectations of further operational efficiencies. Furthermore, the company is implementing new operational cost-saving measures projected to yield annual savings between $200,000 and $300,000. These initiatives highlight Reflect Scientific's commitment to financial stewardship and enhancing shareholder value.
Reflect Scientific Inc., based in Orem, Utah, specializes in cryogenic cooling technologies for the biotechnology, pharmaceutical, medical, and transportation markets. Their product offerings include low-temperature freezers and refrigerated systems for various applications. For more information, visit Reflect Scientific's website.
