Helena Santos, Chief Executive Officer of Scientific Industries, stated, “2023 was a year of investments as we build the foundation for future growth of the Company. We believe that we are in a very good position to achieve the financial goals we have set for 2024 with the introduction and sales of new products for the innovative DOTS platform in our Bioprocessing Systems Operations. We plan to begin shipping our new products next quarter and we are hopeful for a rebound in the biotech and laboratory equipment industries which had suffered from overstocking in 2023. Additionally, we have implemented cost cutting measures across both operating segments to enhance efficiencies and margins.”
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