LAKE FOREST, CA – May 29, 2014 — Cryoport, Inc. (OTCBB: CYRX) (“the Company”), the leading provider of advanced cryogenic logistics solutions, today announced that Cenetron Diagnostics has expanded the use of its customized cryogenic logistics solution powered by Cryoport’s CryoportalTM and Cryoport Express® Shippers.
This expanded service will support Cenetron’s increased capacity introduced over the past year, including its new business, Archiva BioLogistics, which specializes in innovative clinical collection kits for clinical trials and reference laboratories, sample logistics, and sample storage.
Using a tailored Cryoport solution, Cenetron receives uncharged Cryoport Express Shippers through an automated system that maintains a minimum inventory of shippers on location. This allows Cenetron to charge the shippers with liquid nitrogen, as needed. To begin the shipping cycle, Cenetron personnel enter orders, on-site, through the Cryoportal™, permitting Cenetron to begin the logistics process for each of its shipments. Once a shipment enters a shipping lane, Cryoport’s client care team takes over monitoring the order and, ultimately, returning the shipper to Cryoport for cleaning, quality testing and refurbishment. Throughout the process, Cryoport’s client care team provides its logistics support and intervention capabilities as required.
There are few comparisons to Cryoport’s logistics solutions as Cryoport’s end-to-end solutions begin with documentation preparation and offer significant visibility and control over shipments of frozen life sciences materials and products. Cryoport’s advanced Cryoport Express shippers provide up to 10 days of holding time at minus 150°C for life science commodities, which eliminates the need to re-ice shipments every 2-3 days en route to international destinations.
Brandon Harper, Vice President of Operations of Cenetron stated, “The validated logistics solution that Cryoport provides has allowed us to service our customers around the globe with significantly more end-to-end visibility and control over our critical shipments. In addition, we are able to significantly reduce costs on international packages compared to dry ice, as the Cryoport Express shippers can maintain a holding time below 150°C for up to 10 days. Our business continues to grow in key services that require frozen shipments to and from customers internationally, including the recent introduction of our new business, Archiva BioLogistics which specializes in sample logistics and storage. Cryoport provides us with a ‘peace of mind’ that is not duplicable.”
Jerrell Shelton, Chief Executive Officer of Cryoport commented, “Cenetron has quickly put our advanced cryogenic logistics solutions to work, as its need for frozen shipping has significantly grown with its business of providing molecular laboratory services that support pivotal global trials for anti-viral and oncology drug development programs. These are some of the fastest growing areas of the life sciences market. They are creating an increase demand for cryogenic shipping internationally. Our ability to provide an end-to-end cryogenic logistics solution that is integrated into our customer’s business, and offers ease of use and enhanced capabilities, is unlike any other life sciences logistics solution available. We are grateful for our relationship with Cenetron.
“In addition, we believe there is a significant opportunity to implement similar life science logistics solutions such as the one developed with Cenetron with biopharmaceutical companies and contract manufacturers in the life sciences industry around the world,” Mr. Shelton added.
About Cenetron Diagnostics
Cenetron Diagnostics is a premier provider of molecular laboratory services, providing support for anti-viral and oncology drug development programs, and pharmacogenomics. Founded in 1995, Cenetron has supported pivotal global trials in North and South America, Europe, Africa and the Pacific Rim. Cenetron’s client list includes leading pharmaceutical clients in the United States and Europe. For further information please visit www.cenetron.com and www.archivabio.com.
About Cryoport, Inc.
Cryoport provides leading-edge cryogenic logistics solutions to the life sciences industry through the combination of purpose-built proprietary packaging, information technology and specialized cold chain logistics expertise. Its competencies range from skilled, total turnkey management of the entire cold chain logistics process to complex total management solutions for outsourced cold chain logistics.
Its packaging, built around its Cryoport Express® liquid nitrogen dry vapor shippers, is validated to maintain a constant -150°C temperature for a 10-plus day dynamic shipment duration. Its information technology boast its Cryoportal™ Logistics Management Platform which manages the entire logistics process, including initial order input, document preparation, customs document preparation and clearance, integrator/courier management, shipment tracking, issue resolution, intervention, when necessary, and delivery. Cryoport uses recyclable and reusable components providing an environmentally friendly solution. Cryoport solutions can record the “chain of condition” and “chain of custody” for shipments thereby meeting the exacting requirements for scientific work and for regulatory purposes. For more information, visit www.cryoport.com.
Cryoport Contacts: Todd Fromer / Garth Russell firstname.lastname@example.org / email@example.com P: 1-212-682-6300