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Global Good and AUCMA Partner to Commercialize Vaccine Storage Invention for Developing Countries
Date:7/9/2013

BELLEVUE, Wash. and QINGDAO, China, July 9, 2013 /PRNewswire/ -- Global Good and leading refrigeration company AUCMA (600336.SH) announced today an agreement to commercialize Global Good's vaccine storage invention for use in developing countries. Under the agreement, AUCMA will manufacture and distribute the device to help strengthen the vaccine supply chain in underserved regions. The agreement marks the first commercialization deal for Global Good, which is a collaboration between Intellectual Ventures (IV) and Bill Gates to invent technology that improves life in developing countries.

The World Health Organization estimates that more than 1 million children die each year from vaccine-preventable diseases. This is due in part because many regions lack the electricity and infrastructure needed to store temperature-sensitive vaccines. Global Good's vaccine storage device overcomes this by using a combination of super-insulation techniques to hold vaccines at the appropriate temperature for more than a month with no external power. Originally unveiled by IV CEO Nathan Myhrvold at TED 2010, the device was developed at IV Lab and recently completed field trials in Senegal.

"Forward-looking commercial partners like AUCMA play a vital role in Global Good's mission to improve life in developing countries through the power of invention," said Maurizio Vecchione, vice president of Global Good at Intellectual Ventures. "AUCMA has the expertise and scalability needed to help this device extend the vaccine supply chain in even the remotest parts of the world, and do so at the lowest cost-per-fully-immunized-child possible. Thanks to them, Global Good's vaccine storage device will make a tangible impact on the lives of people in developing countries."

"Global Good is a natural part
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SOURCE Intellectual Ventures
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