NEW RELATIONSHIPS ADDRESS KEY MARKETS IN EUROPE, ASIA, THE MIDDLE EAST AND LATIN AMERICA
RANCHO CORDOVA, Calif., July 24 /PRNewswire-FirstCall/ -- ThermoGenesis
Corp., (Nasdaq: KOOL), a leading supplier of innovative products and services
that process and store adult stem cells, said today that it has added 10 new
distributors for its BioArchive System covering a number of key geographies
outside the U.S. Three of the distributors will also have the rights for the
Company's AutoXpress(TM) (AXP(TM)) Platform. The BioArchive is used for
cryopreserving and archiving of stem cells and tissue, while the AXP is used
for harvesting stem cells in a closed system from umbilical cord blood.
The addition of these new distributors follows the Company's announcement
in May that it had restructured its international distribution agreement with
GE Healthcare (GEHC) effective July 1, 2008. GEHC returned worldwide rights to
distribute the BioArchive System to ThermoGenesis, while continuing as
exclusive distributor of AXP Platform products for cord blood applications in
geographies outside of South America, Central America, Russia and
China -- excluding Hong Kong and Taiwan.
The markets covered under these new BioArchive distribution agreements
include the United Kingdom, Russia, the Baltic region, China, Hong Kong, South
Korea, a number of Middle Eastern and African countries and Central and South
America. In addition, the agreements add AXP distributors in Russia, China,
and Central and South America. ThermoGenesis will sell the BioArchive direct
in North America.
'Our ability to achieve these agreements in a short period of time speaks
not only to the effectiveness of our sales organization, but also to the
potential market opportunity for our offerings,' noted Dr.