LAKE FOREST, Calif.,
July 16, 2014 /PRNewswire/
-- Cryoport, Inc. (OTC BB: CYRX) ("the Company"), the leading
provider of advanced cryogenic logistics solutions, partners with
LifeConEx, a part of DHL Global Forwarding, to enhance and
supplement DHL's cold chain logistics offerings including DHL
Express' Medical Express to its life sciences and healthcare
customers with Cryoport's comprehensive cryogenic logistics
solutions.
With these new services, DHL is now offering advanced cryogenic
logistics solutions as well as the best-in-class solution for
shipping temperature-sensitive products and biological materials in
a cryogenic state to its life sciences and healthcare
customers.
DHL Global Forwarding currently has 45 Certified Life Sciences
stations around the world and they have stated that they will
end the year with 65 integrated stations. These forwarding
stations as well as dedicated life sciences warehouses and clinical
trial depots will now be able to rely on Cryoport for cryogenic
shipping. Cryoport believes this is an important element of
DHL's strategy to increase their business in temperature-controlled
shipping. As DHL's research has reported, the worldwide
shipping volume in the cold chain tripled from $56 billion in 2004 to $167 billion in 2013. As life sciences
products become more complex the need for Cryoport's solutions
becomes more strategic.
Integral parts of this new service include the Cryoport
Express® Shippers that use a dry vapor liquid nitrogen
technology, providing 10 days of holding time at minus 150
degrees C, under dynamic shipping conditions combined with
temperature monitoring throughout the shipping process. Cryoport's
solutions offer a superior, more reliable alternative to dry ice,
which needs to be re-iced every few days creating conditions for
temperature excursions. This is of particular importance for the
shipments of fragile biomaterials.
In addition, Cryoport solutions are also more economical and less
hazardous than liquid nitrogen.
"As the life sciences industry continues to transform and evolve
to meet growing demands for reliable frozen shipping solutions, we
are thrilled to be combining forces with Cryoport," stated
David Y. Bang, CEO of
LifeConEx. "We are especially impressed with Cryoport's
ability to maintain and monitor customers' highly sensitive
biologic materials in a temperature-controlled, cryogenic
environment, throughout the entire shipment process. Our uniquely
combined solution alleviates the concerns of damaged or lost
materials, given the access to its temperature monitoring system,
which records the chain of condition throughout each shipment."
Jerrell Shelton, Chief Executive
Officer of Cryoport, stated, "This partnership with DHL is an
important step in furthering our reach into the life sciences total
addressable market. Our solutions were very well received at 14th
annual DHL Life Sciences & Healthcare Global Conference in
Shanghai, China, where our
solution and its benefits were presented to DHL's life sciences and
healthcare attendees. As a pioneer for logistics solutions and a
leader in cold chain solutions for life sciences, DHL stands at the
forefront of delivering advanced temperature-controlled solutions
to every segment of the ever-growing life sciences community. We
are proud to support the DHL strategy in life sciences as they move
forward and advance their offerings on a global basis."
About Cryoport, Inc.
Cryoport provides leading edge cryogenic logistics solutions to
the life sciences industry through the combination of purpose-built
proprietary packaging, advanced information technology and highly
skilled logistics expertise which manages the entire cold chain
logistics process. Cryoport Express® liquid nitrogen dry
vapor shippers are validated to maintain a constant -150 degrees C
temperature for a 10-plus day dynamic shipment duration, and its
Cryoportal™ Logistics Management Platform assists in managing the
entire logistics process, including initial order input, document
preparation, customs clearance, courier management, shipment
tracking, issue resolution, and delivery. Cryoport's total turnkey
logistics solutions offer reliability, cost effectiveness, and
convenience, while the use of recyclable and reusable components
provides a "green" and environmentally friendly solution. Cryoport
service options include recording the "chain of condition" and
"chain of custody" for all shipments thereby meeting the exacting
requirements for scientific work and for regulatory purposes. For
more information visit www.cryoport.com.
To download Cryoport's investor relations app, which offers
access to SEC documents, press releases, videos, audiocasts and
more, please visit
https://itunes.apple.com/us/app/cryoport-investor-relations/id878258991?ls=1&mt=8 to
download on your iPhone and iPad
or https://play.google.com/store/apps/details?id=com.theirapp.cryoport for
your Android mobile device.
About LifeConEx
LifeConEx, DHL's temperature management specialist, enables
clients of all sizes to transport temperature-sensitive products
globally in the most optimal and efficient way possible. It
combines proprietary technologies, such as LifeTrack and in-transit
sensors, with expert analysts, advisors and auditors to deliver
end-to-end visibility, monitoring and management of cold chain.. By
maintaining partnerships with leading handlers and having
specialists located worldwide covering +165 countries, LifeConEx
helps its clients mitigate risk, seek out more efficient channels
and meet the most intensive regulatory standards.. For more
information about LifeConEx, visit www.lifeconex.com.
About DHL
DHL – The Logistics company for the world
DHL is the global market leader in the logistics industry and "The
Logistics company for the world". DHL commits its expertise in
international express, air and ocean freight, road and rail
transportation, contract logistics and international mail services
to its customers. A global network composed of more than 220
countries and territories and about 285,000 employees worldwide
offers customers superior service quality and local knowledge to
satisfy their supply chain requirements. DHL accepts its social
responsibility by supporting environmental protection, disaster
management and education.
DHL is part of Deutsche Post DHL. The Group generated revenue of
more than 55 billion euros in
2013.
Forward Looking Statements
Statements in
this press release which are not purely historical, including
statements regarding Cryoport, Inc.'s intentions, hopes, beliefs,
expectations, representations, projections, plans or predictions of
the future are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. It is important
to note that the company's actual results could differ materially
from those in any such forward-looking statements. Factors that
could cause actual results to differ materially include, but are
not limited to, risks and uncertainties associated with the effect
of changing economic conditions, trends in the products markets,
variations in the company's cash flow, market acceptance risks, and
technical development risks. The company's business could be
affected by a number of other factors, including the risk factors
listed from time to time in the company's SEC reports including,
but not limited to, the annual report on Form 10-K for the year
ended March 31, 2014. The company
cautions investors not to place undue reliance on the
forward-looking statements contained in this press release.
Cryoport, Inc. disclaims any obligation, and does not undertake to
update or revise, any forward-looking statements in this press
release.
Cryoport Contacts:
Todd
Fromer / Garth Russell
tfromer@kcsa.com / grussell@kcsa.com
P: 1-212-682-6300
Photo -
http://photos.prnewswire.com/prnh/20140401/NY95107LOGO
SOURCE Cryoport, Inc.