There are lots of ways by which investors can do well by doing good, particularly in supporting the companies that keep our world clean and energy-efficient.
One such company is Utah-based Reflect Scientific, Inc. (OTC:BB: RSCF, Stock Forum), maker of innovative, proprietary technologies in cryogenic cooling, imaging, and optics for the health-care, biotechnology, pharmaceutical, medical, industrial, and transportation markets. Among RSCF’s battery of products are imaging and quality inspection systems, freezers and refrigerated containers for laboratory and transport between labs and hospitals.
Specifically, the company announced its Model 6000 CATPRO inspection system was purchased on December 8, for more than $300,000 U.S., by an unnamed buyer. Such systems are used in the quality control processes for diesel particulate filters for the transportation industry. The CATPRO products continue to be the choice for automated inspection systems for light and heavy duty truck particulate filters around the world.
Company literature boasts that RSCF’s technology can remove pollutants, cool systems more efficiently than most other systems, and test more effectively for harmful chemicals.
Reflect’s flagship Cryometrix group purports to be the leader in liquid nitrogen freezer technology. Products include low- and ultra-low-temperature storage freezers and environmental control systems. Markets served are pharmaceutical and biotech companies, private and government research facilities, and the semi-conductor industry.
Among the ways in which the company claims to reduce energy consumption are in its cryopreservation products such as the ultra-low-temperature freezer known as the Cryometrix T-150, a technological breakthrough that incorporates a compressor-free, redundant, liquid nitrogen-based technology.
Back to CATPRO for just a moment; RSCF’s subsidiary Miralogix resulted from the former’s acquisition of Image Labs International in March 2007. Since 1993, ILI has specialized as a reseller and integrator of machine vision products. During the early years of ILI, the CATPRO product line emerged. Reflect Scientific realized the potential of the CATPRO products, and the growing demands within the automated inspection industry. Miralogix would become its own entity focused on expanding the CATPRO product line and developing new automated inspection and quality control systems.
The news of the new contract on December 8 created a fair bit of business for the stock, while failing to lift its price above the 15-cent mark, at least right away. That’s favorable news for investors seeking ownership of an innovative company at a reasonable price; its peak for the year came last January at 28 cents, while its basement last March saw the stock at only a dime.
Disclosure: The author has not been compensated nor does he own a position in the above mentioned Company.