Abstract: A storage and dispensing system for storing and dispensing temperature sensitive items is provided. The system includes a storage chamber, a dispensing chamber, an electro-mechanical module, and a cooling system. The storage chamber has walls defining plural compartments formed integrally therein for storing the temperature sensitive items at an ultra-low temperature. Each compartment is formed as a cylindrical sector with an inclined bottom surface. The plural compartments are arranged circumferentially around a vertical axis and stacked together in one or more rows, thereby an individual temperature sensitive item is slidable out of a respective compartment to the dispensing chamber by gravitational force. The electro-mechanical module is configured to rotate the storage chamber about the vertical axis. The storage chamber does not include any mechanical or electrical components inside, which avoids the need for devices that can tolerate an extremely low temperature environment.