cryoport_8k-051509.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): May 15,
2009
CryoPort,
Inc.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-51578
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88-0313393
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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20382
Barents Sea Circle, Lake Forest, California 92630
(Address
of principal executive offices) (Zip
Code)
Registrant’s
telephone number, including area code (949)
470-2300
(Former
name or former address, if changed since last report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[_]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[_]
Soliciting material pursuant to Rule 1 4a- 12 under the Exchange Act (17 CFR
240.1 4a- 12)
[_]
Pre-commencement communications pursuant to Rule 1 4d-2(b) under the Exchange
Act (17 CFR 240.1 4d-2(b))
[_]
Pre-commencement communications pursuant to Rule 1 3e-4(c) under the Exchange
Act (17 CFR 240.1 3e-4(c))
Section 1
– Registrant’s Business Operations
Item 1.01
Entry into a Material Definitive Agreement.
On May 15, 2009, the Registrant and
FedEx Express, a subsidiary of FedEx Corp., entered into an agreement to provide
an innovative and breakthrough frozen shipment solution for the life science
industry. Registrant has developed the CryoPort Express Shipper
(“Container”), a shipping container designed to ship products in a frozen state
at temperatures below 150C for up to 10 days, and eliminate greenhouse gas
emissions and landfill disposal issues associated with traditional dry ice
shipping. The Lease Agreement (“Agreement”) calls for FedEx to lease
individual containers from Registrant when said containers are part of or listed
on any order placed by either a Customer or Provider Client, and accepted by
Registrant. FedEx will bear the risk of loss, damage, theft, destruction,
attachment, seizure and the like, except for reasonable wear and tear or product
defects. The pricing is valid for one (1) year, and the term of the Agreement is
for one (1) year, cancelable by either party upon thirty (30) days
notice.
The
Agreement will be filed as an exhibit with the Registrant’s next Form 10K filing
for the period ended March 31, 2009.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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CryoPort,
Inc.
(Registrant)
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Date:
May 19, 2009
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By:
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/s/ Larry
Stambaugh |
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Larry
Stambaugh |
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Chief
Executive Officer, President |
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