Pelican BioThermal Celebrates 5 Year Anniversary of Crēdo™ on Reserve Rental Program

MINNEAPOLIS–(BUSINESS WIRE)–Pelican
BioThermal
, the global name in temperature controlled packaging, is
celebrating the five year anniversary of Crēdo™ on Reserve, its
long-term rental program for the cold chain pharmaceutical distribution
industry.

Crēdo™
on Reserve
, which uses passive Crēdo
Cube™ shippers
, is geared toward pharmaceutical manufacturers with
long-term and more predictable usage needs. Unlike the company’s Crēdo™
on Demand rental service, which offers daily and monthly rental rates,
Crēdo on Reserve offers Pelican BioThermal customers dedicated inventory
for longer rental periods.

“We’re extremely proud of the five years we’ve offered Crēdo Cube
shippers to meet global customer needs through Crēdo on Reserve,”
explained Kevin Lawler, vice president of worldwide sales at Pelican
BioThermal. “No other provider of temperature controlled packaging
offers a similar program that has the fleet of dedicated inventory,
years of experience and worldwide infrastructure that Pelican BioThermal
provides and has provided for five years.”

Crēdo on Reserve customers pay for a minimum number of trips during that
period and a fixed rate on any trips beyond the minimum. This
flexibility gives end users the always-available benefit of dedicated
passive temperature controlled shippers, combined with the benefit of
replacing large capital costs with more manageable monthly operating
costs.

“Medical device manufacturers prefer to focus on their core competencies
of maximizing patient health, rather than building complex logistics and
distribution systems,” continued Lawler. “Our Crēdo on Reserve program
is designed to give manufacturers maximum flexibility without the
headache of managing reverse logistics, refurbishment, conditioning and
the upfront investment in temperature-controlled shippers.”

The Crēdo™
on Reserve
program includes Crēdo ProEnvision™, a robust web-based
asset management and optimization tool that provides real-time tracking
and tracing of individual Crēdo temperature-controlled shippers
throughout the entire distribution cycle.

Visit www.pelicanbiothermal.com
to learn more about the Crēdo™ on Reserve and Crēdo™ on Demand rental
programs, as well as the wide range of Pelican BioThermal temperature
controlled offerings.

Pelican BioThermal is a division of Pelican Products, Inc., which is a
portfolio company of Behrman Capital, a private equity investment firm
based in New York and San Francisco.

About Pelican Products

Pelican Products, Inc. is the global leader in the design and
manufacture of high-performance protective cases, temperature-controlled
packaging solutions, advanced portable lighting systems and rugged gear
for professionals and outdoor enthusiasts. Their products are used by
professionals in the most demanding markets including fire safety, law
enforcement, defense/military, aerospace, entertainment, industrial and
consumer. Pelican™ products are designed and built to last a lifetime.
The company operates in 21 countries, with 22 international sales
offices and six manufacturing facilities around the globe. In Europe,
the company does business under the name Peli Products, S.LU.
For
more information, visit
pelican.com
or
behrmancap.com.

About Pelican BioThermal

Pelican BioThermal LLC offers the widest range of thermally
protected, temperature-controlled packaging and service solutions to the
global life sciences industry. The company’s products ensure that
delicate biological materials arrive intact and effective, despite
exterior environments. Pelican BioThermal is dedicated to developing
innovative products designed to fulfill the complex needs of the global
life sciences industry. The company’s customers benefit from its
extensive expertise in ensuring that temperature stability is maintained
throughout the distribution chain. The company also offers a complete
portfolio of services and software to support end-to-end
temperature-controlled packaging asset management. In Europe, the
company does business under the name Peli BioThermal Limited. For more
information, visit
pelicanbiothermal.com.

All trademarks are registered and/or unregistered trademarks of
Pelican Products, Inc., its subsidiaries and/or affiliates and others.

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