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Southern Cryonics, an Australian cryogenics company, costs $150,000 to raise the dead

Participants may be able to be resuscitated as specific medical advances are made in the future, according to the Southern Cryonics website.

It is hoped that future medical technology will be able to repair the molecular damage caused by aging and disease, restoring the health of the patient.

However, there are no promises or returns for anyone who chooses to take a chance on living longer with this company.

Previous participants had their luck in the late 1970s when Robert Nelson, the president of the Cryonics Society of California, walked away from a facility after a money shortage.

Nine bodies, which should have been preserved, were left to decompose, with the families later taking successful legal action against Mr Nelson.

The idea of ​​life being able to be reanimated after being frozen for a period of time has largely been relegated to science fiction in scientific circles.

Dennis Kowalski, president of the Cryonics Institute in the United States, told Discover Magazine that future technological advancements must overcome three challenges.

Repairing frost damage, curing the disease that killed the subject, and reversing the aging process will all be necessary for the person to have a healthy body to enjoy their second chance at life.

Shannon Tessier, a cryobiologist at Massachusetts General Hospital in the US, said the freezing process alone is a permanent death sentence.

“There is absolutely no current way, no scientifically proven way, to freeze an entire human being at this temperature without completely destroying – and I mean obliterating – the tissue,” Ms Tessier said.

The Southern Cryonics facility (pictured from an architect's rendering) in NSW, 500km south-west of Sydney, could expand to accommodate an additional 600 customers in coming years.