ThermoGenesis Holdings, Inc. announced that the Company is rolling out a new facility in the Sacramento metro area, containing a total of 12, class-7, ReadyStart cGMP Suites available for lease by early-stage life science and cell gene therapy ("CGT") companies. The roll-out of the ReadyStart Suites is part of ThermoGenesis' previously announced plan to transform from a medical device company to a contract development and manufacturing organization ("CDMO") in the cell gene therapy field. The facility is expected to be available for customers in the second or third quarter of this year.

If fully occupied, the facility is anticipated to generate an estimated $10-16 million in annual revenue. The ReadyStart Suites are located in a 35,500+ square foot cGMP facility that will meet the highest scientific, quality, and regulatory requirements. The designing, building and managing of a cleanroom requires a significant capital investment is extremely time consuming and can be draining on a company's resources.

ThermoGenesis' ReadyStart cGMP cleanrooms are ideal for early-stage companies looking to jump-start their development efforts and/or scale up in the same facility, providing a turnkey solution. Further, the suites will eliminate a tremendous resource burden and greatly accelerate the development cycle by allowing the resident companies to focus on their core science.