Cryoport and UPS Collaborate on Cryogenic Logistics Solutions for the Healthcare Industry
UPS Temperature True® Cryo and UPS Proactive Response® Secure provide leading edge cryogenic logistics technology to the healthcare industry
LAKE FOREST, Calif. – Cryoport, Inc. (OTC BB: CYRX) ("the Company"), the leading provider of advanced cryogenic logistics solutions, announced today that it is collaborating with UPS to enhance its temperature-sensitive shipping offerings to the healthcare industry.
UPS's global network of healthcare customers will now have access to UPS Temperature True® Cryo, using packaging which supplies liquid nitrogen dry vapor dewars with an advanced operating platform. UPS Temperature True® Cryo will keep products frozen at -150 degrees C for 10 days in dynamic shipping conditions.
In conjunction with its new, Cryoport-enabled, leading edge cryogenic packaging, UPS will be deploying the UPS Proactive Response® Secure, as the first risk management, intervention and insurance solution for the supply chain. UPS Proactive Response® Secure is designed to provide unprecedented coverage for critical biological shipments. Temperature True® Cryo delivers real-time tracking and intervention services along with UPS's proactive monitoring, risk mitigation solutions and global network of control towers, providing enhanced visibility for time-sensitive cryogenic shipments at every stage of the supply chain journey.
Jerrell Shelton, Cryoport's CEO, said, "We are proud to be working with UPS, one of the largest shipping companies in the world, to supplement its extensive logistics offerings to the healthcare industry by providing customers with our industry-leading, temperature-sensitive solution to preserve products in cryogenic environments. It is our understanding that UPS customers can also mitigate any risk associated with damage during transit with the new, Cryoport-enabled UPS Proactive Response® Secure, a solution for the transportation and timely delivery of critical biological materials. We anticipate that UPS's growing network of more than 220 countries worldwide will benefit from Cryoport's solutions. Cryoport is fully committed to supporting UPS and enabling its customers to meet the increasing demands for advanced and reliable supply chain solutions."
About Cryoport, Inc.
Cryoport provides leading edge cryogenic logistics solutions to the life sciences industry through the combination of purpose-built proprietary packaging, software technologies and skilled and total management of the entire 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 shipment process, including initial order input, document preparation, customs documentation and 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. Among Cryoport's service options, the client has the option to record and archive the "chain of condition" and "chain of custody" information for shipments thereby meeting the exacting requirements for scientific work and regulatory purposes. For more information visit www.cryoport.com.
Contact:
Todd Fromer / Garth Russell
tfromer@kcsa.com / grussell@kcsa.com
P: 1-212-682-6300
Source
Cryoport, Inc.
Web Site: http://www.cryoport.com
