Reflect Scientific, Inc. Completes Image Labs Acquisition
OREM, Utah - Reflect Scientific, Inc. (OTCBB:RSCF), the scientific equipment and related supplies manufacturer has completed the closing of the Agreement and Plan of Merger with Image Labs International (ILI).
ILI develops, manufactures and markets a range of optical imaging systems and automated machine vision inspection tools. These products provide value added technological solutions to a wide group of industries that includes semiconductor, aerospace, defense and environmental.
“Image Labs’ strategic fit with Reflect Scientific is excellent – it broadens our existing product line and expands our market reach. Its CATPRO automated quality control inspection tools will share the same manufacturing and quality infrastructure as our recently acquired Cryometrix business. Complementary skills in design and manufacturing of capital equipment and the addition of core capabilities in automation engineering and software will greatly benefit our overall business initiatives. We are very pleased to have completed an acquisition that enables us to continue building our strong foundation for growth, allowing us to better serve our customers in a manner that adds value for our shareholders,” remarked Mr. John Hammerman, VP business development for Reflect Scientific.
ILI will continue to be managed by its founder Mr. Brian Smithgall. A new division will also be formed to focus support for a growing industry need in the area of automated inspection of environmental catalysts, in particular those needed to address new regulatory standards for diesel emissions. This business will be named Miralogix and will be led by Mr. Eric Pierson.
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