OREM, Utah — Reflect Scientific, Inc. (Symbol: RSCF), a leading innovator in cryogenic cooling technologies, announced a comprehensive initiative to reduce Selling, General & Administrative (SG&A) expenses by up to 35% in the fiscal year 2025. This strategic move will be driven by integrating artificial intelligence solutions across business operations and expanding the Company’s contract manufacturing relationships.
“By leveraging cutting-edge AI technology and optimizing our manufacturing partnerships, we expect to significantly streamline our operational costs while maintaining the high-quality products and services our customers rely on,” said Mr. Kim Boyce, Chief Executive Officer of Reflect Scientific. “This initiative represents a pivotal step in our ongoing commitment to enhance shareholder value and strengthen our competitive position in the market.”
Key Components of the Cost Reduction Strategy:
- AI Integration: Implementation of artificial intelligence solutions across multiple business functions, including customer service, inventory management, and administrative processes
- Expanded Contract Manufacturing: Strategic partnerships with additional contract manufacturers to optimize production efficiency and reduce overhead costs
- Operational Streamlining: Reorganization of internal processes to eliminate redundancies and improve workflow efficiency
The Company anticipates that these measures will result in annual SG&A savings of up to 35% compared to 2024 levels, with initial benefits expected to be realized in the second quarter of 2025.
This cost-cutting initiative will allow the Company to redirect resources toward core research and development activities. The changes are expected to improve the bottom line and enable Reflect Scientific to serve customers better through continued innovation in cryogenic technologies.
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.