Branded as the IntelliRate i67C, this tabletop freezer fulfills a crucial customer need for higher volume production of cell therapies.
The IntelliRate i67C features 67-liter (2.35 cu. ft.) volume inside the chamber, allowing for run capacities of 2,166 2mL vials, 26 (1 liter bag) to 104 (50mL bag) cassettes, or 272 canes. It boasts the largest touchscreen controller in its class to execute a wide range of preset and variable programming capabilities including the setup of repeatable, 21 CFR Part 11-compliant freeze profiles. The IntelliRate CRF also offers a range of options for enhanced multi-probe monitoring, racking and sample management.
Berard continued, 'BioLife already has the largest selection of controlled-rate freezer sizes and features. This new product expands our cryogenic freezer platform with a larger capacity CRF and allows us to support autologous and allogeneic CGT customers from preclinical research though to commercial-scale manufacturing. We're delighted to offer another critical cold chain management tool to protect high-value biologic materials that require precise control of the critical freezing process before subsequent frozen storage.'
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Cautions Regarding Forward Looking Statements
Except for historical information contained herein, this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements concerning the expected performance of the Company's high capacity controlled-rate freezers, the demand for and impact of the high capacity controlled-rate freezers for the Company's customers, the average sale price and gross margin of the high capacity controlled-rate freezers, and the impact on gross margin of the high capacity controlled-rate freezers on the Company's freezer line of products generally. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including among other things, uncertainty regarding unexpected costs associated with the production or scaling up of production of the high capacity controlled-rate freezers, market adoption of the high capacity controlled-rate freezers specifically or the company's suite of products generally, the ability of the company to implement its business strategy, uncertainty regarding third-party market projections, market volatility, competition, litigation, the impact of the COVID-19 pandemic, and those other factors described in our risk factors set forth in our filings with the
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