LAKE FOREST, Calif., March 18, 2015 /PRNewswire/ — 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 SecureSM, a new tamper-proof lock on its Cryoport Express® Shippers for exclusive use in the global animal husbandry market.
Cryoport internally developed Vet SecureSM, 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 SecureSM, 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.”