The bluechiip technology has initial applications in the healthcare industry, particularly those businesses that require cryogenic storage facilities (biobanks and biorepositories). The firm offers the only technology that enables accurate and reliable tracking of products including stem cells, cord blood, and other bio-specimens. In addition to functioning in extreme temperatures, the bluechiip tracking solution can survive autoclaving, gamma irradiation sterilization, humidification, centrifuging, cryogenic storage and frosting.

The bluechiip technology has other healthcare applications in pathology, clinical trials and forensics. Several other key markets outside of healthcare include cold-chain logistics and supply chain; security and defence; industrial and manufacturing; and aerospace and aviation.

Please tell us about your recent partnership with Inpeco? What is the role of each company in the partnership?
On October 19, 2012, bluechiip announced that it signed a collaborative co-development agreement deal with Swiss company Inpeco. The agreement allows both parties to collaborate and develop Inpeco products which integrate bluechiip's technology. Based in Lugano, Switzerland, Inpeco designs and manufactures automation systems to improve and simplify biological sample processing in clinical laboratories.

Inpeco offers original equipment manufacturer (OEM) solutions to strategic international partners and acts as a direct supplier, providing end-users (public and private laboratories) with the Inpeco's branded FlexLab automation system.

What made you join hands with Inpeco? What products do you aim to bring to market through this collaboration?
Our company is confident that the technology will be particularly valuable in automated equipments that are used in life sciences, where samples are being stored in ultra cold environments like liquid nitrogen. Current tracking and labeling techniques of labels and barcodes do not operate well in these ultra low temperature environments, especially when frost is prevalent. It is critical to be able to monitor the temperature histories of these valuable samples, which only bluechiip's technology can do. It is too early to say at this point-of-time about the products that we plan to market through the our collaboration with Inpeco.