11.10.2016 – Astrotech Reports First Quarter of Fiscal Year 2017 Financial Results
Total Revenue of $1.0 million
1st Detect Patent Strengthens IP Portfolio
Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the first quarter of fiscal year 2017, ended September 30, 2016.
“The foundational achievements of fiscal year 2016 drove our continued progress on our government-related subcontract agreements to $1.0 million in revenue for our first quarter of fiscal 2017,” said Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation. “Our 1st Detect subsidiary delivered milestones for a key government contract to develop next-generation explosive trace detection (ETD) systems for aviation security and began preparing to deliver multiple prototype units for integration into Battelle’s Next Generation Chemical...
09.27.2016 – 1st Detect, an Astrotech Subsidiary, Strengthens IP Portfolio
Granted U.S. Patent for fast, highly sensitive chemical analysis without sample preparation
1st Detect Corporation, a subsidiary of Astrotech Corporation (NASDAQ: ASTC), announced the United States Patent and Trademark Office (USPTO) issued a key patent for increasing the performance of the company’s unique ion trap mass spectrometer used for chemical analysis and detection. 1st Detect’s total patent count is now 17 U.S. and 6 international issued, and 7 U.S. and 10 international pending.
“This patented technology enables 1st Detect to analyze without sample preparation at high levels of sensitivity and speed, and opens new markets,” said Thomas B. Pickens III, CEO of 1st Detect. “Some potential applications include breath analysis, explosives detection...
09.26.2016 – Astrotech Reports Fiscal Year 2016 Financial Results
Increased total revenue 421% compared to fiscal 2015
Astrotech Corporation (NASDAQ: ASTC), reported its financial results for the fourth quarter and fiscal year ended June 30, 2016.
"In fiscal 2016, Astrotech's revenue increased over four times to $2.7 million compared to fiscal 2015, and we continued to lay the foundation for future growth," said Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation. "Our 1st Detect subsidiary achieved significant milestones with our partners. We won a key government contract to develop next-gen explosive trace detection (ETD) systems for aviation security, for which there are over 15,000 ion mobility spectrometer (IMS) installations worldwide approaching end of life...
08.23.2016 – Astrotech's 1st Detect and Battelle Collaboration Awarded Phase III of DOD’s JPEO-CBD Next-Generation Chemical Detection Solution
Astrotech Corporation (NASDAQ: ASTC) subsidiary 1st Detect Corporation and strategic partner Battelle Memorial Institute completed the Brassboard Phase and were awarded the Final Prototype Phase of the US military’s Next Generation Chemical Detector (NGCD) Multi-Sample Identifier (MSI) Technology Maturation and Risk Reduction Program. During this upcoming phase, 1st Detect will deliver multiple OEM-1000NG Core Analyzer units for integration into Battelle’s NGCD prototype solution. Battelle is the prime contractor for the Department of Defense’s Joint Program Executive Office for Chemical and Biological Defense (DOD’S JPEO-CBD) next generation chemical detection...
06.07.2016 – Astral Images Names Motion Picture Technology Expert Rob Hummel as Senior Vice President of Business Development
Astral Images, a subsidiary of Astrotech Corporation (NASDAQ: ASTC), appointed Rob Hummel as Senior Vice President of Business Development. Mr. Hummel, an accomplished industry veteran with a successful track record at marquee corporations like Disney, DreamWorks, Sony and Warner Bros, will be responsible for expanding Astral’s sales growth.
“I am very pleased Rob has joined Astral Images to promote our products and lead our business development efforts,” stated Warren...
05.19.2016 – Astrotech to Present at the 17th Annual B. Riley & Co. Investor Conference
Astrotech Corporation (NASDAQ: ASTC) will meet with investors at the 17th Annual B. Riley & Co. Investor Conference on Wednesday, May 25, 2016 at The Loews Hollywood Hotel, Los Angeles.
Astrotech’s Chief Executive Officer Thomas B. Pickens, III and Chief Financial Officer Eric Stober are scheduled to present at 2:30 p.m. PT...
05.09.2016 – Astrotech Reports Third Quarter of Fiscal Year 2016 Financial Results
Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the third quarter of fiscal year 2016 as of March 31, 2016.
“1st Detect’s breakthrough chemical analyzer technology achieved a key validation of our long-term corporate strategy by partnering with Smiths Detection Inc., a subsidiary of Smiths Group, as announced in March,” said Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation...
05.04.2016 – 1st Detect, an Astrotech Subsidiary, Builds Upon Its Patent Portfolio For Chemical Analyzers
1st Detect Corporation, a subsidiary of Astrotech Corporation (NASDAQ: ASTC), was awarded three patents by the United States Patent Office (USPTO) enabling the field use of ion trap chemical analyzers in harsh and demanding environments. These recent awards bring 1st Detect’s total patent count to 16 U.S. and 10 international issued and 8 U.S. and 12 international pending as of April 30, 2016...
05.03.2016 – Astrotech to Present at the Drexel Hamilton Micro Cap Investor Forum on May 12
Astrotech Corporation (NASDAQ: ASTC) announced Chief Executive Officer Thomas B. Pickens, III and Chief Financial Officer Eric Stober are scheduled to present at 11:30 am ET on May 12, 2016 at the Drexel Hamilton Micro Cap Investor Forum in New York.
Management will be available for 1-on-1 meetings. The Astrotech presentation will be webcast live. Interested parties can access the webcast on the Astrotech investor relations website. The archived webcast will be available for at least 90 days...
04.18.2016 – Astral Images Announces Breakthrough Product That Automates the High Dynamic Range Conversion Process
Astral Images, a subsidiary of Astrotech Corporation (NASDAQ: ASTC), announces the availability of “Astral HDR ICE™” as its new Ultra High Definition/High Dynamic Range/Color Match (“UHD/HDR/CM”) conversion software package, which upgrades digital and traditional films to the new HDR10 standard while automatically color matching the film directors’ and colorists’ creative intent...
03.23.2016 – Astrotech to Present at Sidoti Emerging Growth Convention
Astrotech Corporation (NASDAQ: ASTC) announced Chief Executive Officer Thomas B. Pickens, III and Chief Financial Officer Eric Stober are scheduled to present at 2:30 pm ET at the Sidoti Emerging Growth Convention on March 31st at the New York Marriott Marquis.
Management will be available for 1-on-1 meetings. The Astrotech presentation will be webcast live. Interested parties can access the webcast on the Astrotech investor relations website. The archived webcast will be available for at least 90 days...
03.09.2016 – Department of Homeland Security Awards Contract to Smiths Detection and Astrotech Subsidiary 1st Detect for Next-Generation Explosives Trace Detection Systems
1st Detect, Inc., a subsidiary of Astrotech (NASDAQ:ASTC), has partnered with Smiths Detection Inc. – a subsidiary of Smiths Group (LSE: SMIN, ADR: SMGZY) to develop next generation explosives trace detection (ETD) systems for the Department of Homeland Security Science and Technology Directorate (DHS S&T) using 1st Detect’s breakthrough chemical analyzer technology...
03.01.2016 – Astrotech Receives $6.1 Million Indemnity Holdback from the Sale of Its Astrotech Space Operations Business Unit in August 2014
Astrotech Corporation (NASDAQ: ASTC) received an indemnity payment of $6.1 million on February 25, 2016, which was held in escrow until the 18-month anniversary of the sale of its Astrotech Space Operations (ASO) business unit to a wholly-owned subsidiary of Lockheed Martin Corporation in August 2014. As of February 25, 2016, Astrotech received a total of $61 million for the sale of the ASO business. No claims were asserted against the indemnity escrow account, and all monies held in escrow related to the sale by Astrotech of the ASO business have been paid to Astrotech...
02.09.2016 – Astrotech Reports Second Quarter of Fiscal Year 2016 Financial Results
Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the second quarter of fiscal year 2016 as of December 31, 2015.
“During the second quarter of fiscal year 2016, our technologies garnered additional validation,” said Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation. “1st Detect is meeting and exceeding milestones related to the next generation chemical detector (NGCD) program. The engineering team remains focused on satisfying application specific chemical detection objectives for customers and development partners...
01.27.2016 – 1st Detect, an Astrotech Subsidiary Received Three U.S. Patents for Chemical Analyzers
1st Detect Corporation, a subsidiary of Astrotech Corporation (NASDAQ: ASTC), was awarded three patents by the United States Patent Office (USPTO) enabling the miniaturization of ion trap chemical analyzers used for detection and analysis. This increases 1st Detect’s total patent count to 14 U.S. and nine international issued and ten U.S. and 16 international pending.
“These patents protect a key advantage of 1st Detect products, the ability to perform high quality chemical analysis directly in the field without the need to transport samples to a laboratory,” said Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation...
01.19.2016 – Astrotech Subsidiary Astral Images Selected by a Post-Production House for Film Restoration
Astral Images, a subsidiary of Astrotech (NASDAQ: ASTC), signed a contract with a worldwide technology leader in the media and entertainment sector to use Astral Color ICE as part of its workflow to restore film. Astral Color ICE™ was selected based on the quality and speed of its restoration technology.
“We believe servicing leading digital media and entertainment post-production houses and studios validates our technology. We are providing our patented defect correction solution to help bring high quality restored film to the big 4K screen faster,” said Warren...