LAKE FOREST, Calif.,
Sept. 16, 2014 /PRNewswire/
-- Cryoport, Inc. (OTC BB: CYRX) ("the Company"), the world's
leading provider of advanced cryogenic logistics solutions for the
life-sciences industry, announced today that it has engaged
Broekman Group, a global logistics company headquartered in
Rotterdam, the Netherlands, to
provide support to their rapidly expanding European client base.
According to the terms of the agreement, Broekman's European
operations will support Cryoport's leading-edge cryogenic logistics
solutions throughout Europe.
Broekman is a CTPAT/AEO-certified, value-added logistics
provider with secure and full-service warehousing facilities.
Cryoport's life science clients based in Europe or clients shipping into Europe will benefit from this relationship
which, when combined with Cryoport's proprietary solutions and
competencies, includes equivalent full service recycling and
quality assurance of Cryoport solutions in the United States.
Broekman's professional logistics team will assist Cryoport with
tracking, testing, cleaning, maintenance and quality assurance for
its Cryoport Express® shippers upon departure and arrival.
The scheduling process for all EU pick-ups and arrivals will
use Cryoport's advanced operating platform, the
Cryoportal™. This arrangement enables Cryoport's
clients to capitalize on Broekman's strategic location in
the Netherlands and its extensive
resources to handle and operate Cryoport's solutions in an
efficient and timely manner.
Jerrell Shelton, Chief Executive
Officer of Cryoport, stated, "We are pleased to begin working with
Broekman as our new trusted operations and logistics partner in the
European region. With its broad international reach and extensive
expertise in logistics, we are confident that Broekman will help us
provide our life-science clients with the utmost quality in
delivering our solutions. Given our strong client relationships, we
anticipate a mutually beneficial partnership as we introduce our
solutions to Broekman's current life-science customers.
Additionally, Broekman will have the ability to access new markets
and address demands from life science companies who are seeking a
cutting-edge, cryogenic logistics solution."
Jacques Kleinkramer, Managing
Director, Broekman Logistics Division, stated, "Broekman Logistics
believes in the value of Cryoport's advanced frozen logistics
solutions, and we are dedicated to supporting its continued growth
both in Europe and beyond. In our
newly created Cryoport Service Center in Rotterdam, a number of our core disciplines
come together. Both companies operate under an umbrella of
stringent procedures and attention to detail, which is
non-negotiable when it comes to temperature-sensitive materials. We
are excited to have the opportunity to work with Cryoport as it
offers us the ability to gain a foothold in the cold-chain
logistics market segment for the life-sciences industry."
About Broekman Group
Broekman Group is a world-leading provider of full-service,
complex, tailor-made logistics solutions. Established in 1960 in
Rotterdam, where it is still
headquartered, Broekman has continued to expand and develop,
building on the reliability, flexibility and broad logistics
expertise for which it is now well known. It has built up an
excellent reputation in forwarding and shipping, warehousing and
distribution, and break bulk.
Broekman Group employs more than 800 staff in the Netherlands, Belgium, the Czech
Republic, Poland,
India, Singapore and China. Its excellent
contacts and local market knowledge enable it to deliver
outstanding and consistently reliable service to its customers. For
more information, please visit www.broekmanlogistics.com.
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 click to download from your iPhone and iPad
or Android mobile device.
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
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SOURCE Cryoport, Inc.