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12.11.2017 – Astrotech Announces Results from Fiscal Year 2017 Annual Meeting of Shareholders
Astrotech Corporation (NASDAQ: ASTC) announces results from its fiscal year 2017 Annual Meeting of Shareholders held on December 7, 2017, and its adjournment until December 22, 2017 with respect to Proposal 2 to approve the reincorporation of the Company from the State of Washington to the State of Delaware. Proposal 2 received 2,418,881 votes in favor, representing 97.39% of the votes cast for the...
12.04.2017 – Astrotech Completed Successful 1st Detect Demo with DHS and TSA Personnel
Astrotech Corporation (NASDAQ: ASTC) is excited to announce that – following a successful demonstration with Department of Homeland Security (DHS) and Transportation Security Administration (TSA) personnel – 1st Detect’s TRACER 1000 MS-ETD will be available for demonstration at Astrotech’s annual meeting of shareholders, to be held on Dec. 7, 2017 at 9:00 a.m. CT at the JW Marriott, 110 E. 2nd St...
11.08.2017 – Astrotech Reports First Quarter of Fiscal Year 2018 Financial Results
Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the first quarter of fiscal year 2018 ended September 30, 2017. “In the first quarter, our subsidiary 1st Detect achieved a significant milestone toward the deployment of explosives trace detector systems with the Transportation Security Administration (TSA),” said Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation...
11.03.2017 – Astrotech Corporation Expands Its Review of Strategic Alternatives
Astrotech Corporation (NASDAQ: ASTC) announces today that it is broadening its review of strategic alternatives to include those involving the Corporation as a whole as well as its subsidiaries. While many alternatives are under review, there have been no decisions reached at this time. No decision will be made by the board with respect to any alternative until appropriate diligence and procedures have been...
10.13.2017 – Astrotech Announces 1-for-5 Reverse Stock Split
Astrotech Corporation (NASDAQ: ASTC) today announced a 1-for-5 reverse split of its outstanding shares of common stock that will take effect at 6:30am EDT on Monday, October 16, 2017. Astrotech's common stock will open for trading on the NASDAQ Capital Market on such date on a split-adjusted basis under the existing trading symbol "ASTC". The reverse stock split was approved by the board of directors of the Company on October 12, 2017 and is intended to increase the per share trading price of the Company's common stock to...
09.27.2017 – 1st Detect and Department of Homeland Security Enter Research & Development Agreement in Support of Transportation Security
Astrotech (NASDAQ: ASTC) subsidiary 1st Detect has entered into a Cooperative Research and Development Agreement (CRADA) with the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) Transportation Security Laboratory (TSL). The TSL will assess 1st Detect’s explosives trace detection system, the TRACER 1000 MS-ETD. Using TSL’s credible, unbiased and objective development, test and evaluation (DT&E) process, TSL and 1st Detect will examine ways to improve trace detection capabilities...
09.18.2017 – Astrotech Reports Fiscal Year 2017 Financial Results
Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the fourth quarter and fiscal year ended June 30, 2017.
Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation, stated, “Fiscal 2017 was an extraordinary year in terms of product development at both 1st Detect and Astral Images. At 1st Detect, along with our partner, we delivered an instrument to the Transportation and Security Administration (TSA). By incorporating mass spectrometry (MS) into explosives trace detectors (ETDs), we expect to significantly reduce the number of false positives, as well as enable a more expansive library of compounds compared to the current generation of ETDs...
06.15.2017 – Astrotech's 1st Detect Announces Successful Pre-Clinical Trials for Mass Spectrometer Used as a Rapid Bedside Breathalyzer
Astrotech (NASDAQ: ASTC) subsidiary 1st Detect, in collaboration with The University of Texas Health Science Center, now called UT Health San Antonio, announced positive preliminary results in pre-clinical trials for the BreathDetect 1000 – a rapid bedside breathalyzer for detecting bacterial infections in the respiratory tract, such as hospital-acquired pneumonia (HAP)...
05.10.2017 – Astrotech Subsidiary 1st Detect to Pursue Strategic Alternatives
Astrotech Corporation’s (NASDAQ: ASTC) board of directors and management announce that they have engaged Chardan to advise on strategic alternatives involving Astrotech subsidiary 1st Detect Corporation, a manufacturer of advanced mass spectrometry technology used to detect and analyze trace levels of explosives, chemical warfare agents (CWAs), and volatile organic compounds (VOCs). The range of alternatives which may be considered could include strategic acquisitions, licensing partnerships, a sale of some or all of the company, or a variety of other possible transactions. 1st Detect’s proprietary technology enables a new generation of laboratory performance instrumentation that is used in the field for trace detection and real-time analytics in security, defense, healthcare, food and beverage, and environmental applications. 1st Detect is participating in two key technology development contracts with...
05.09.2017 – Astrotech Reports Third Quarter of Fiscal Year 2017 Financial Results
Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the third quarter of fiscal year 2017 ended March 31, 2017.
“In the third quarter, we took important steps at 1st Detect to accelerate our strategy to provide a mass spectrometer-based Explosive Trace Detection solution to the Department of Homeland Security. Our instrument provides far superior detection capabilities compared to existing passenger and baggage screening technologies at airports worldwide,” said Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation. “We are also pleased with the progress being made at Astral Images in gaining market acceptance for its Astral HDR ICE product...
02.09.2017 – Astrotech Reports Second Quarter of Fiscal Year 2017 Financial Results
Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the second quarter of fiscal year 2017 ended December 31, 2016.
“In the second quarter, Astrotech achieved important milestones with subsidiaries 1st Detect and Astral Images,” stated Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation. “1st Detect and its partner, an incumbent TSA explosive trace detection (ETD) systems provider, made great progress on the next-generation system for passenger and carry-on baggage screening at airports and other homeland security operations. During the team’s critical design review in October, 1st Detect’s OEM-1000 chemical analyzer technology performed according to design specs. Also, 1st Detect’s collaboration with the...