Cryopak Industries Inc.
TSX VENTURE : CYK

Cryopak Industries Inc.

January 26, 2006 09:00 ET

Cryopak Announces Partnership with Sical, S.A. of France to Pursue Pharmaceutical Package Market in France and Belgium

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 26, 2006) - Cryopak Industries Inc. (TSX VENTURE:CYK) today announced a new partnership with Sical, S.A. in France, a division of the Rossmann Group, to approach the pharmaceutical package market in France and Belgium.

"International expansion has been a focus for us in our pharmaceutical package segment for some time now and aligning ourselves with local partners who not only have the local sales force and manufacturing presence, but a solid long-standing reputation in the market, is the key to successfully growing this segment on a global basis," stated Mr. Martin Carsky, President and CEO of Cryopak.

This partnership has been structured so that Cryopak will provide its technical pharmaceutical package expertise, its patented Flexible Ice™ Blanket product, and its global relationships with pharmaceutical manufacturers. Sical Rossmann will provide a local sales force, and manufacturing and distribution capabilities in France and Belgium.

"We are excited about the partnership with Cryopak because we see the significant potential in the pharmaceutical package segment in France and Belgium. Together, we believe we are well positioned to capitalize on the current market opportunity," stated Mr. Dominique Brument, Director General of Sical.

About Sical

Sical, S.A is part of the privately held Rossmann Group. The Group's principal activity is the manufacture and supply of corrugated packaging, paper and plastic packaging through subsidiaries in France, Italy, Belgium, Spain, the Netherlands, Poland, Romania, and in Central Africa. For more information about Sical, please visit www.sical.fr.

About Cryopak

With ISO 9001:2000 certified facilities in Vancouver and Montreal, we are a leading provider of temperature-controlling products and solutions serving global pharmaceutical companies, as well as fine North American retailers and consumer goods companies. In our pharmaceutical business we engineer solutions and supply products that help our customers safely transport their temperature sensitive vaccines. In our retail business, we develop, manufacture and sell reusable ice substitutes, flexible hot and cold compresses, reusable gel ice and instant hot and cold packs. These products are marketed under such popular brand names as Ice-Pak™, Flexible Ice™ Blanket, Simply Cozy®, and Flex Pak™. We also manufacture these same products under private label for many well-known consumer goods companies. Our shares are listed on the TSX Venture Exchange under the symbol CYK. For more information about Cryopak, please visit our website address at: www.cryopak.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Martin Carsky, President and CEO

Contact Information

  • Cryopak Industries Inc.
    Martin Carsky
    President and CEO
    1-800-667-2532
    www.cryopak.com