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Cryoport's new business development personnel will support the Company's rapid development and integration of large-scale corporate clients. In addition to securing new business sectors and major accounts for Cryoport, this new function will be responsible for the management of many key partnerships for the Company.
In addition, the Company is accelerating the expansion of its direct sales representation in key areas of the East Coast. This initiative is meant to capitalize on the growing market demand for leading edge cryogenic logistics solutions for the life sciences industry and to target additional major life sciences companies that would benefit from Cryoport's comprehensive range of solutions.
Jerrell Shelton, Chief Executive Officer of Cryoport, stated, "Cryoport's sales organization has extensive knowledge in the cold chain logistics market. This combined with our wide network of key relationships in the life science arena will advance our growth and broaden our customer base. This is the 'age of biology' and Cryoport plays a very important role, if not a unique role, in the biosciences."
Mr. Shelton continued, "We are pleased to announce the promotion of Curt Kole to VP of Strategic Business Development. It is an important new role within Cryoport's overall sales strategy. Curt's 17 years of experience in the cold chain industry, including more than 3.5 years with Cryoport where he most recently served as Sales Director, will serve our business expansion efforts well. To date, we have also added several Sales Directors experienced in the cold chain logistics industry to our team, in support of our sales growth initiatives. Given their extensive backgrounds, we are expecting near term results.
"Having completed multiple quarters of notable growth, we are pursuing parallel expansion programs to address specific market sectors, including IVF and animal husbandry. As a global company, we will expand our presence in Europe, Latin America, and Asia. Looking forward, we plan to continue to expand our marketing and business development efforts as well as adding sales personnel as our market grows," concluded Mr. Shelton.
