SAN DIEGO (September 26, 2011) -- CryoPort, Inc. (OTCBB: CYRX) today announced that it has signed an agreement with MediRent BV to open a European Operations Center in Leiden, The Netherlands. MediRent will provide a full range of services for the CryoPort Express® Dry Shipping solution, including warehousing, shipping, receiving, refurbishing and recycling of the CryoPort shipping containers, as well as order entry and fulfillment, and client support.
"Opening an operations center in Europe is a significant commercial milestone for CryoPort, and MediRent is the perfect partner to help us meet the demands of this market," said Larry Stambaugh, CryoPort's chairman and chief executive officer. "MediRent is a very well-known and highly respected services provider to the European health care industry, and this partnership will ensure fast and seamless support for our customers. Furthermore, contracting with an established partner is a very cost-effective way to initiate operations in Europe, and to scale up as our business grows throughout the region."
CryoPort expects to have the Operations Center active in the next months.
Jeroen Kok, chief executive officer of MediRent stated, "CryoPort's strategy of providing customers a turnkey operation is very similar to our business philosophy, and their frozen shipping solution integrates easily with the services we currently offer to the leading clinical labs and research organizations in Europe. The volume of deep frozen shipments of biological materials continues to grow rapidly in Europe, and we are pleased to be partnering with CryoPort to meet that demand."
About CryoPort, Inc.
CryoPort (www.cryoport.com) provides leading edge cold chain logistics services through the combination of purpose built proprietary technologies and total turnkey management of the entire process. CryoPort's CryoPort Express liquid nitrogen based dry vapor shipper is validated to maintain a constant -150 C temperature for a minimum 10 day dynamic shipment duration, and its CryoPortal Logistics Management Platform manages the entire shipment process, including initial order, document preparation, customs clearance, courier management, shipment tracking, issue resolution,and delivery. CryoPort's total turnkey service management approach offers total reliability, cost effectiveness, and convenience, while the use of recyclable and reuseable components provides a totally "green" and environmentally friendly solution. For more information visit www.cryoport.com and the Cold Chain Transport blog at http://www.cryoport.com/biological-shipping-blog/
About MediRent BV
Founded in 1995, MediRent is a leading provider of rental and logistical services for clinical trials. The firm offers a wide range of medical and laboratory equipment for rent, as well as a complete logistical chain. MediRent provide services globally to world-renowned customers including most of the key central laboratories, Contract Research Organizations (CRO's) and individual pharmaceutical companies. Services provided include ordering, shipping, retrieving and, if necessary, repairing equipment.
MediRent has many years of extensive logistical experience in the worldwide distribution of medical equipment, and has knowledge of the requirements needed to facilitate efficient and cost effective custom clearance and handling of temperature-controlled transport, and works with a network of the world's largest courier companies (TNT, DHL, FedEx, etc).
Additional information can found at http://www.medirent.com/