Press Release Summary:
For use in global animal husbandry market, Cryoport ExpressÂ® Shippers are available withÂ Vet SecureSM tamperproof lock. This feature, designed to support international shipping regulations, enables globalÂ transport of animal husbandry specimens. Sealed lock prevents removal of vapor plug from shipper without recognition in order to preserve integrity of shipped specimen.
Original Press Release:
Cryoport Introduces New Tamper-Proof Lock on Its Cryoport Express® Shippers for Animal Husbandry
LAKE FOREST, Calif. -- Cryoport, Inc. (OTCBB: CYRX) ("Company"), the leading provider of advanced cryogenic logistics solutions for the life sciences industry serving markets including immunotherapies, stem cells, cell lines, clinical research organizations, vaccine manufacturers, animal health, and reproductive medicine, today announced that the Company introduced Vet Secure(SM), a new tamper-proof lock on its Cryoport Express(®) Shippers for exclusive use in the global animal husbandry market.
Cryoport internally developed Vet Secure(SM), a tamper-proof lock for the Company's dry vapor shippers that will be used exclusively for animal husbandry. This feature was designed to support international shipping regulations, enabling Cryoport to transport animal husbandry specimens globally. The sealed lock will prevent the removal of the vapor plug from the shipper without recognition in order to preserve the integrity of the shipped specimen.
Animal husbandry is a multi-billion dollar industry that includes the breeding of animals by humans, in which desired genetic qualities and behaviors are further developed. This practice of selectively breeding and raising animals is done to promote desirable traits in animals for utility, sport, pleasure or research. The time and cost involved in breeding dictate the need for increased security for these global shipments.
Jerrell Shelton, Chief Executive Officer of Cryoport, commented, "I am extremely pleased with the quick turnaround time our team demonstrated in developing and implementing a tamper proof lock for the animal husbandry market. This innovative solution enables the company to provide a sure and comprehensive solution for international shipments serving the animal husbandry market. Breeding horses and shipping warm-blooded equine semen, to give an example, is a very expensive venture for both parties involved and both parties will benefit from Vet Secure(SM), our tamper-proof lock guaranteeing the trustworthiness of the specimen. There is a huge opportunity for our best-in-class cryogenic logistics solutions to further expand our reach into the growing animal husbandry market as we continue to focus on providing an ever more comprehensive solution to our clients."
About Cryoport, Inc.
Cryoport is the premier provider of cryogenic logistics solutions to the life sciences industry through its purpose-built proprietary packaging, information technology and specialized cold chain logistics expertise. We provide leading edge logistics solutions for biologic materials such as immunotherapies, stem cells, CAR-T cells, and reproductive cells for clients worldwide including points-of-care, CRO's, central laboratories, pharmaceutical companies, contract manufacturers, and university researchers. Our packaging is built around our proprietary Cryoport Express(®) liquid nitrogen dry vapor shippers, which are validated to maintain a constant -150°C temperature for a 10 day dynamic shipment duration. Our information technology centers around our Cryoportal(TM) Logistics Management Platform, which facilitates management of the entire shipment process. Cryoport is the preferred cryogenic logistics solutions partner to the world's largest shipping companies controlling more than 85% of the world's air shipments. For more information, visit www.cryoport.com.
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