INDIANAPOLIS, Sept. 10 /PRNewswire/ -- BioStorage Technologies, Inc. (BST) announced that it has entered into agreement with Indianapolis Power & Light Company (IPL) to purchase electricity generated by 100 percent renewable energy resources, through IPL's Green Power Option voluntary program. By offsetting the use of fossil-fueled power generation, this program will better enable BST to become completely carbon-neutral by 2009.
BST becomes the third-largest customer to participate in IPL's Green Power Option program, joining other environmentally aware leaders - including the State of Indiana as part of its Hoosier Homegrown Energy Plan - in making substantial investments in the purchase of green energy. After paving the way with ethical Good Storage Practices (GSP), BST leaders implore others in the sample management industry to follow their environmentally conscious path to decrease carbon dioxide emissions and strive for a healthier environment.
"As a service provider to the global pharmaceutical and biotechnology sectors, we focus on contributing to better health and longer life for people around the world. Energy conservation and environmental preservation are part of this philosophy," said F. John Mills, M.D., Ph.D., BST's chairman and chief executive officer. "We understand the high energy drain that organizations in our field can have on the environment, which is the reason for our commitment to 100 percent certified renewable energy and our goal of becoming carbon neutral."
Under the agreement, IPL has purchased the equivalent of approximately 1.5 million kWh of Renewable Energy Certificates representing electricity generated by wind and biomass facilities. This certificate purchase matches the annual electric usage of BST's U.S. operation, a 25,000 square-foot biorepository in Indianapolis dedicated to 24-hour-a-day sample integrity management for clients in the global pharmaceutical and biotechnology industries.
"We salute the leadership of BioStorage Technologies and its employees for joining the program at the 100 percent level. Their participation signals a substantial commitment to encouraging investment in renewable resources and positively impacting the environment," said Steve Corwell, IPL's senior vice president of corporate affairs. "IPL has seen a strong increase in customer participation in the Green Power Option because it allows businesses to balance their energy needs with their desire to create a greener future."
By participating in the IPL Green Power Option program at the 100 percent level, BST is offsetting carbon dioxide emissions equivalent of 244 passenger cars being driven over one year or almost six railcars of coal being consumed. Alternatively, BST's participation will save the equivalent of nine acres of forest each year or nearly 30,000 trees planted and grown over 10 years. In addition to its participation in IPL's Green Power Option, BST contributes to other Green causes and environmentally-responsible organizations including the Nature Conservancy and the Indianapolis Zoo.
"Using alternative energy sources allows us to operate our business in an environmentally conscious manner," commented Mills. "The IPL Green Power Option program enables us to take the concept of responsible corporate citizenship to a global level by using renewable energy to help preserve the world environment for future generations."
IPL Green Power customers can participate in the program at 10 percent, 25 percent, 50 percent and 100 percent levels. Customers pay a small incremental fee, which is set once a year and added to the IPL bill in addition to the costs normally associated with the standard, regulated rates and charges.
About BioStorage Technologies, Inc.
BioStorage Technologies (BST) is a worldwide leader in short-term and long-term biomaterials storage, sample management and cold chain logistics. The company serves global pharmaceutical and biotechnology developers and manufacturers; clinical research facilities; donor organizations; tissue, bone and blood banks; forensic laboratories; cord blood storage companies; universities; zoological and veterinarian treatment and research facilities; and healthcare and life sciences organizations.
The company offers its comprehensive biorepository solutions through a variety of scalable and flexible service models including outsourced sample storage and management at BST's state-of-the-art facilities and in-sourced sample storage and management on its clients' premises. BST provides its clients secure, temperature-controlled storage under ambient, refrigerated, ultra-low/ultra-cold and vapor phase nitrogen conditions (ranging from ambient to -170 degrees Celsius); real-time tracking of stored biological samples; and next-day return of biomaterials.
BST's competitive advantages include an industry-experienced leadership team; multiple purpose-built biorepository facilities; advanced, validated storage processes and technologies; commitment to high standards of ethical sample management; establishment of Good Storage Practices (GSP); compliance with Good Laboratory Practices (GLP), Good Manufacturing Practices (GMP) and Good Tissue Practices (GTP); and a proprietary, Title 21 CFR Part 11 sample inventory management system (ISISS(R)) designed specifically for compliant biomaterial storage, tracking and reporting.
BST is privately-held and headquartered in Indianapolis, Ind., with an additional full-service site in Frankfurt, Germany. For more information about the company, please visit http://www.biostorage.com or call +1-866-697-2675 or +49-615-582-4490.
About Indianapolis Power & Light Company
Indianapolis Power & Light Company provides retail electric service to about 470,000 commercial, industrial and residential customers in Indianapolis, as well as portions of several Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the county. More information is available on the company's website at http://www.iplpower.com.
Becky Moore, APR Amy Zucker
Synergy Marketing Group, Inc. Synergy Marketing Group, Inc.
+1-317-205-9690 ext. 226 +1-317-205-9690 ext. 223
|SOURCE BioStorage Technologies, Inc.|
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