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ThermoGenesis Provides Update on Fiscal 2009 Results
Date:8/6/2009

he New England Cord Blood Bank as a customer for the AXP. The AXP is also being evaluated at other prospective sites which, if successful, is expected to generate additional revenues.
  • Positive clinical response to the MXP. The Company intends to add additional MXP distribution partners in fiscal 2010.
  • Launch of the Res-Q System. Res-Q is expected to add incremental revenues in 2010 through its expanded distribution agreement with Celling Technologies.
  • Relaunch of ThermoLine(TM) product group. Utilizing outsourced manufacturing, the Company expects improved product availability, quality and cost.
  • "The steps we took in the fourth quarter to reduce overhead and to enhance our quality will enable us to focus on our growth initiatives. We believe through the expansion of both our cord blood business and our new products--the MXP and Res-Q--we will be positioned to achieve meaningful growth in revenues during 2010," Engle added. "We expect to end fiscal 2009 with $15-$16 million in cash and short-term investments, and given our revenue goals and expectations for operating expenses, we believe we have the resources necessary to drive the Company through breakeven in fiscal 2010," he added.

    The Company said it will report its final operating results for fiscal 2009 and provide additional commentary regarding fiscal 2010 in early September.

    About ThermoGenesis Corp.

    ThermoGenesis Corp. (www.thermogenesis.com) is a leader in developing and manufacturing automated blood processing systems and disposable products that enable the manufacture, preservation and delivery of cell and tissue therapy products. These products include:

    • The BioArchive(R) System, an automated cryogenic device, is used by cord blood stem cell banks in more
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    SOURCE ThermoGenesis Corp.
    Copyright©2009 PR Newswire.
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