• Powered by Crown Equity Holdings Inc.
      • crown-logo

        Crown Equity Holdings Inc. is publicly traded with the symbol CRWE. The Company primarily provides and offers advertising, branding, marketing solutions and services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. For list of services offered click here

Post on CRWE World Login
logo Ashburn, UNITED STATES
header-img
  • Home
  • News
  • World
      • World News
      • Español
  • Politics
      • U.S. Legislators
      • Political News
  • Sports
  • Business
      • Markets
      • Hottest Stocks Today
      • CRWEWorld Stocks
      • Blockchain
      • Regulatory
      • Accounting
      • Fundraising Campaigns
      • IPOs
      • Money
      • Career
  • Tech
      • Tech
      • Science
  • Living
      • Arts & Entertainment
      • Family
      • Food
      • Pets
      • Seniors
      • Fashion/Fitness
      • Home & Garden
  • Health
      • Health
      • Pharma & Biotech
  • Opinion
      • Finance
      • Law
      • Healthcare
      • Cannabidiol (CBD)
      • Fashion
      • Podcasts
      • Tech
      • Music
  • Travel
  • Local
      • News
      • Trending Now
      • Real Estate
      • Coupons & Deals
      • Business Directory
  • Jobs
  • More
      • Business 2 Business
      • Press Releases
      • Press Releases Pricing
      • News from GlobeNewswire
      • News from PR Newswire
      • News from Business Wire
      • News from Accesswire
      • Video Channels
      • Beauty
      • Business
      • Comedy
      • Entertainment
      • Fashion
      • Featured
      • Health
      • Instructional
      • News
      • Politics
      • Sports
      • Technology
      • Entertainment
      • Horoscope
      • Sudoku
      • Crossword
      • Games
      • Chat
      • Affiliate | How It Works
      • Join CRWE WORLD Affiliate Program
      • CRWE WORLD Advertising Services Rate
      • Crown Equity Holdings' Overview
      • CRWEWorld Real-Time Global Visitors
      • Content Delivery Solution
        • Contact Us
  • More

Change City


-- OR --
load
load
/assets/img/hottest3.png
/assets/img/hottest2.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png
  • Home
  • Articles
  • News Provided by Accesswire
21ьз╕ Cweather-icon
/assets/img/hottest3.png
/assets/img/hottest2.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png

Scientific Industries Sells Its Catalyst Research Instruments Operations

News Provided by Accesswire2020-12-01
17 Views

Capital will be redeployed in its Core Life Science Tool Businesses

BOHEMIA, NY / ACCESSWIRE /December 1, 2020 / Scientific Industries, Inc. (OTCQB:SCND), a life sciences tool provider, announced its entry into an agreement to sell substantially all the assets of the Company's subsidiary, Altamira Instruments, Inc. ("Altamira") which has operated and housed the Company's catalyst research instruments operations in Pittsburgh, PA since its acquisition in November, 2006, to Beijing JWGB Sci. & Tech. Co., Ltd for aggregate consideration of $440,000 in cash and promissory notes.

Upon completion of the sale, the Company will conduct an orderly wind-down of Altamira's operations, expected to be completed by the end of December, 2020.

Helena Santos, CEO, stated, "The sale of Altamira represents another key step forward on the Company's path to becoming a world-class life sciences tool provider, by allowing us to continue to focus and invest resources in our core businesses, and build on our current strong momentum. We are pleased that JWGB, who has been our sales partner in China, recognizes the value of the Altamira brand and customer loyalty, and we wish them great success."

John Moore, Chairman of Scientific Industries, said, "Now is an opportune time to further build on our strengths as a life science tool provider. Paul Knight, the sector analyst at KeyBanc, in a recent research report on our Company notes that, "Biotechnology is driving the change in healthcare with 33% of approvals in 2019 biotech-related compared to only 11% of approvals in 2000-2013. Furthermore, the pace of change is accelerating with Bayer estimating that 10% of approved therapies are biotechnology, but represent 42% of research pipelines."

Moore continued "This is an exciting time to be a part of Scientific Industries. We have two businesses with prodigious growth prospects, focused distribution channels and the balance sheet to create new and enduring franchises above and beyond the sustaining cash flows we have enjoyed for over sixty years from the global sales of the Vortex-Genie® family of products."

About Scientific Industries
Scientific Industries is a life science tool provider. It designs, manufactures, and markets laboratory equipment, including the world-renowned Vortex-Genie® 2 Mixer and balances; customized catalyst research instruments and bioprocessing systems and methods. Scientific Industries' products are generally used and designed for research purposes in laboratories of universities, hospitals, pharmaceutical companies, and medical device manufacturers.

"Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including the annual report on Form 10-K."

CONTACT:
Scientific Industries, Inc.

80 Orville Drive, Suite 102
Bohemia, New York 11716
Phone: (888) 850-6208
info@scientificindustries.com
www.scientificindustries.com

SOURCE:Scientific Industries, Inc.



View source version on accesswire.com:
https://www.accesswire.com/619060/Scientific-Industries-Sells-Its-Catalyst-Research-Instruments-Operations



© 2020 Accesswire. All Rights Reserved.

The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.


NIO (NYSE: NIO) Partners with NVIDIA (Nasdaq: NVDA) to Develop a New Generation of Automated Driving Electric Vehicles





/assets/img/cw-stocks.png

/assets/img/wysh-jewels.png

/assets/img/hjli.png

/assets/img/Mars-Parachute-2.png

/assets/img/crweworld-podcast.jpg
Sponsored
Also read
Uganda: Veteran leader Yoweri Museveni declared election winner
German Chancellor Angela Merkel's party chooses new leader
Damaged roads, lack of gear slow rescue in deadly Indonesia earthquake
Gold price edges lower to settle at Rs 48,702/10 gm, silver plunges by Rs 1,703 a kg
EXCLUSIVE | Amrapali’s 37 residential, 6 commercial units completed by NBCC, to go on sale soon
Wuhan a year later | Life gradually returning to normal at China#39;s COVID-19 epicentre
Crude oil price rises 0.74% this week on MCX, Brent slips below $55 a barrel
TRP scam: Ex-CEO Partho Dasgupta of BARC hospitalised


Post on CRWE WorldSign Up for Free E-mail Updates
  • Real Estate Eagle Firm, Real Estate
Signup for free email updates
/assets/img/wall-street-rect2.png
/assets/img/wall-street-sq.png



Join with us
Live Traffic Feed
About CrweWorld
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Finance Disclaimer
  • Jobs
Subscribe for newsletter
3+2
Contact Info
  • contact@crweworld.com

  • P: (702) 683-8946

  • P: (702) 810-0178

  • 11226 Pentland Downs St, Las Vegas, NV 89141

Tweets by CrweWorld
Tweets by @CrweWorld
  • © 2021 crweworld.com
ad1

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

ad2

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

ad3

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

ad4

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

ad5

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

Advertisements

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

CRWE WORLD Advertising Services RateJoin CRWE WORLD Affiliate Program