Astrotech (NASDAQ: ASTC) was established in 1984. Prior to 2009, it was known as SPACEHAB, Inc., a company that provided space habitat microgravity experimentation equipment and services to NASA during the Space Shuttle era. As the Shuttle program came to an end, the company put more attention on its satellite processing business, Astrotech Space Operations (ASO); its mass spectrometer instrumentation business, 1st Detect; and its microgravity vaccine development company, Astrogenetix.
In August 2014, the company executed a successful sale of its ASO subsidiary. Proceeds of the sale are funding commercialization of new technologies. In February 2015, the company acquired certain defect correction software and Astral Images was created to commercialize decades of automated image correction and image enhancement research. At this time Astrotech redefined its mission to be a business accelerator that invents, acquires, grows, and monetizes technologies in order to maximize shareholder value.
2015: Acquired Image Trends, Inc. technology and formed Astral Images, Inc.
2014: Astrotech Space Operations sold to Lockheed Martin
2014: 1st Detect awarded pivotal NGCD contract with Battelle
2009: SPACEHAB renamed Astrotech Corporation (ASTC)
2008: 1st Detect and Astrogenetix incorporated
2007: SPACEHAB notified of Shuttle retirement
2007: Bankruptcy averted with liabilities/equity exchange offer
1997: Acquired Astrotech Space Operations (ASO)
1995: SPACEHAB (SPAB) IPO on the NASDAQ stock exchange
1984: SPACEHAB incorporated