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Reflect Scientific’s Cryometrix Brand Solvent Chillers Off to a Hot Start

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Reflect Scientific, Inc. (RSCF) reported a remarkable 4,067% increase in chiller sales for the first quarter of 2022, totaling $244,000, up from $6,000 in the same period in 2021. This growth follows the easing of COVID-19 related shutdowns. The second quarter also showcased strong performance, achieving $291,000 in sales. CEO Mr. Boyce highlighted significant product improvements based on customer feedback, contributing to the surge in demand for their Cryometrix solvent chillers, widely used in pharmaceutical and biotech industries.

Positive
  • Sales for Q1 2022 reached $244,000, a 4,067% increase year-over-year.
  • Second quarter sales are projected to be $291,000, indicating continued growth.
  • Product improvements made during downtime have enhanced market demand.
Negative
  • None.

OREM, Utah, April 14, 2022 (GLOBE NEWSWIRE) -- Reflect Scientific, Inc. (Symbol: RSCF), a provider of diverse products and services for the biotechnology, pharmaceutical, and transportation industries announced 2022 first quarter year over year sales of Cryometrix solvent chillers is up 4067%.

The first quarter of 2021 had sales of only $6,000 due to shutdowns related to COVID-19 but sales are rapidly recovering in 2022. The table below summarizes the significant sales increase:

Year over Year Chiller Sales

  2022 2021 % Change
1stquarter $244,000 $6,000 4,067%
2ndquarter$291,000*$131,000**222%
Total $535,000 $137,000 391%

*Sales in the pipeline as of April 13, 2022
**Sales for entire quarter

“We took the downtime in 2021 to make some significant product improvements based on customer feedback. That has paid off as the market recovers and the Cryometrix solvent chillers are now the overwhelming choice for a chiller,” remarked Mr. Boyce, CEO of Reflect Scientific. Solvent chillers are used in pharmaceutical, biotech, and cannabis industries to improve the selectivity and efficiency of extractions to produce a cleaner product.

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.”


FAQ

What were Reflect Scientific's Q1 2022 sales figures for RSCF?

Reflect Scientific reported Q1 2022 sales of $244,000 for its Cryometrix solvent chillers, a 4,067% increase year-over-year.

How did the COVID-19 pandemic affect Reflect Scientific's sales in 2021?

In 2021, Reflect Scientific's sales were severely impacted by COVID-19 shutdowns, resulting in only $6,000 in chiller sales.

What improvements did Reflect Scientific make to its products?

Reflect Scientific implemented significant product improvements based on customer feedback during 2021, boosting market demand for its Cryometrix solvent chillers.

What is the forecast for Reflect Scientific's sales in the second quarter of 2022?

For the second quarter of 2022, Reflect Scientific anticipates sales of approximately $291,000.

REFLECT SCIENTIFIC INC

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