Reflect Scientific, Inc. (RSCF.OB) Signs Letter of Intent with Resodyn to Manufacture and Distribute Ultra Low Temperature Freezers
Reflect Scientific, Inc., based in Orem, Utah – well known in the biotech, healthcare, industrial, and pharmaceutical markets as a provider of unique and innovative cryogenic cooling solutions – announced today the signing of a letter of intent with Resodyn Corporation to manufacture and distribute the RSCF Cryometrix ultra-low temperature (ULT) freezers. In relation to the letter of intent, which includes an initial upfront fee of $50k, Resodyn obtains an exclusive license agreement to manufacture and distribute the RSCF-branded, liquid nitrogen-based, ULT freezers. The Butte, Montana-based technology developer/manufacturer, which is focused on bringing ideas to market in its core operating…