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Temptime Acquires William Laboratories to Expand into Blood Temperature Monitoring Solutions
Date:12/18/2013

MORRIS PLAINS, N.J., Dec. 18, 2013 /PRNewswire/ -- Temptime Corporation, the world's leading provider of time-temperature indicators to the health care industry, announced today that it has acquired Enfield, Conn.-based William Laboratories to expand into blood temperature monitoring solutions.  Temptime's acquisition is a significant step toward expanding its capabilities since it partnered in September with Water Street Healthcare Partners, a strategic investor focused exclusively on health care.

Temptime's devices are used by the world's largest health organizations and pharmaceutical companies to alert them if vaccines and other medical products have been exposed to temperatures that could damage or alter their effectiveness.  Temptime's acquisition of William Laboratories expands the company into devices that monitor the temperature of blood and other biological products.  William Laboratories' core product, the Safe-T-Vue® temperature indicator, has been employed by hospital blood banks, operating and emergency rooms, and trauma services for more than two decades to store and transport blood within temperatures approved by the FDA.

"Our acquisition of William Laboratories is one more initiative that we are leading to achieve Temptime's mission of improving global health through solutions that protect people from the risk of using medical products damaged by extreme temperatures," said Renaat Van den Hooff, president, Temptime.  "We are deeply committed to our customers, and will continue to look for opportunities to extend Temptime's support of our customers' distribution practices to encompass a full range of medical and biological products."

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SOURCE Temptime Corporation
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