Lifeline Cell Technology Expands Asian Distribution Network

CARLSBAD, CA--(Marketwired - Jul 16, 2014) -  International Stem Cell Corporation (OTCQB: ISCO) (www.internationalstemcell.com) ("ISCO" or "the Company"), a California-based biotechnology company focused on therapeutic and research products, today announced that its subsidiary, Lifeline Cell Technology, has expanded its sales network by adding a number of new distributors in Asia and Oceania.

"Expanding our footprint in the fast-growing Asian marketplace has been a key strategic goal for the Company," said Simon Craw, PhD, ISCO's Executive Vice President of Business Development. "We already have several excellent distributors in Asia, and the in-house expertise and experience to make these new accounts successful. With these new distributors we have increased the number of countries where scientists can purchase our high-quality cell culture products."

Lifeline Cell Technology (LCT) has expanded its overseas network by adding new distributors in several fast-growing territories including Korea, Taiwan, Australia, New Zealand and India. LCT develops, manufactures and commercializes over 130 human cell culture products. These products include frozen human adult or primary cells, adult stem cells and the reagents (called media) needed to grow, maintain and differentiate such cells. These human cell-based products are used by research scientists in pharmaceutical, academic and government research organizations to study human diseases and basic cell biology. LCT's products provide value and quality by eliminating the need for scientists to source their own cells or develop their own media. Strict quality assurance ensures a high level of consistency and standardization, which along with a high level of customer service, makes LCT's products the first choice for many scientists.

Lifeline Cell Technology is an important part of ISCO's business model. As the commercially focused human cell subsidiary of ISCO, with a large catalog of existing products for sale, LCT complements ISCO's R&D focus on developing novel stem cell-related therapeutic treatments for various unmet medical needs including Parkinson's disease. LCT's sales were $3.15 million for the previous four reported fiscal quarters (2Q 2013 through 1Q 2014), with 1Q 2014 sales having grown by 21% over 4Q 2013. We believe that increasing the international availability of LCT's products will support continued sales growth.