Cryo-Cell International, Inc. announced that it has entered into a purchase contract, with the closing subject to customary conditions, for a newly constructed, 56,000 sq ft facility located in the Regional Commerce Center within the Research Triangle, NC. Company anticipate this facility will expand Cryo-Cell's cryopreservation and cold storage business by introducing a new service, Cryo-Cell intends to leverage this expertise and offer these biorepository services to biopharmaceutical companies and healthcare institutions. The new facility is being constructed to offer biologics, reagents, vaccine samples and/or entire freezer storage at cost effective prices.

A robust inventory management system is planned to be implemented that will allow customers to view their own inventory through a customer portal and place distribution orders online. The staff at ExtraVault have decades of experience storing and distributing cold chain samples nationally and internationally. As a result, it is anticipated ExtraVault will provide expertise, experience, customer electronic access and cost sensitive solutions to partners in the biopharma and healthcare industries.