With recent developments and discoveries of stem cell therapies and regenerative medicine adding to the existing excitement of using umbilical cord blood as an alternative to bone marrow transplants, many groups are looking into opening processing facilities in their home countries. Cryobanks International has a proven track record in licensing this technology successfully around the world to groups such as state and federal governments, hospitals and health systems, physician groups, and private investors.

For any group looking to open a cord blood stem cell processing facility from the ground up, there are many obstacles to overcome. Foremost is a substantial investment in time and money. It is estimated that without "inside guidance" it would take several years and several millions of dollars to open a facility. To further complicate matters, there is no guarantee that the facility will pass regulatory standards and become accredited after it opens. Additionally, the constant ongoing changes in the industry's regulations and standards prove highly burdensome.

For these reasons, and as a part of Cryobanks International' mission statement, we offer a comprehensive licensing program designed to minimize time and costs for facility development. This program guarantees accreditation and compliance with industry standards. Contract signing to grand opening generally takes six months. Under the program, Cryobanks International will provide the following:

• Assistance in designing or renovating your lab facility to industry standards.
• Procurement of all processing equipment, software, and initial consumable supplies using our preferred vendor relationships.
• Approved and compliant Standard Operating Procedures (SOPs) with continual updates and training instruction. Our SOPs govern all aspects of collection, processing, storing, and shipment of cord blood samples for transplant.
• Assistance in identifying, hiring, and training qualified lab personnel. The program includes a comprehensive six week training session for lab processing staff at our corporate headquarters in Florida, USA. Also included is on-site training at your location by our International Projects Staff.
• External audits of the facility prior to opening and in preparation of attaining all necessary accreditations including AABB.
• Continued regulatory updates as required, including new and revised SOPs and training as necessary.

Cryobanks International's Licensing Program will save months to years in development time to open a cord blood processing and storage facility. Our laboratory staff training program is unlike any other and ensures qualified, compliant lab staff for your facility. Monetary savings, estimated in the high six figures or greater, will be realized in areas of protocol development, equipment procurement, facility design and staff training. Opening a new facility can take years with no guarantee that you will meet the very strict compliance standards necessary to operate. As a Cryobanks International Licensee, your facility is guaranteed to become accredited in the cord blood processing industry, in a rapid, cost efficient manner. We provide a nearly turn-key operation opening approximately six months after we contract with you.

If you are interested in discussing a licensing arrangement, please complete the following information. A Cryobanks International representative will contact you within five business days to discuss the program in more detail.