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ThermoGenesis Reports Second Quarter 2011 Results; Increased Presence in China
Date:2/10/2011

his press release contains forward-looking statements.  These statements involve risks and uncertainties that could cause actual outcomes to differ materially from those contemplated by the forward-looking statements. Several factors including timing of FDA approvals, changes in customer forecasts, our failure to meet customers' purchase order and quality requirements, supply shortages, production delays, changes in the markets for customers' products, introduction timing and acceptance of our new products scheduled for fiscal year 2011, and introduction of competitive products and other factors beyond our control could result in a materially different revenue outcome and/or in our failure to achieve the revenue levels we expect for fiscal 2011.  A more complete description of these and other risks that could cause actual events to differ from the outcomes predicted by our forward-looking statements is set forth under the caption "Risk Factors" in our annual report on Form 10-K and other reports we file with the Securities and Exchange Commission from time to time, and you should consider each of those factors when evaluating the forward-looking statements.

ThermoGenesis Corp.Web site: http://www.thermogenesis.comContact: Investor Relations+1-916-858-5107, orir@thermogenesis.comTHERMOGENESIS CORP.Condensed Consolidated Balance Sheets

(Unaudited)December 31,

2010June 30,

2010ASSETSCurrent assets: Cash and cash equivalents$10,201,000$10,731,000 Accounts receivable, net5,254,0006,095,000 Inventories5,656,0005,034,000 Other current assets221,000301,000Total current assets21,332,00022,161,000Equipment1,478,0001,701,000Other assets128,000168,000$22,938,000$24,030,000LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:  Accounts payable$2,014,000$2,383,000  Other current liabilities2,430,0003,191,000Total current lia
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