Austin, TX (January 19, 2016) - 

 

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 Lieberfarb, Chairman of Astral Images. “To date, film correction has been a time-consuming, labor-intensive and expensive process that limits which projects are completed. Astral Color ICE automates film restoration and improves image quality.

 

“There are many film treasures that audiences want to view on today’s high-definition video equipment.  We believe our results will impress viewers and extend our reach among entertainment companies,” concluded Lieberfarb.

 

Astral Images’ digital image correction and enhancement (ICE) uses sophisticated algorithms to identify and remove surface defects and scratches from film. Astral Images’ patented scratch removal technology, one of the features of Astral Color ICE, pulls the original information and produces a true correction instead of filling in the blemish using surrounding pixels. Fully automated, the solution removes the potential for human error common in the painting-over method.

 

About Astrotech Corporation

Astrotech Corporation (NASDAQ: ASTC) identifies and commercializes emerging disruptive technologies through its closely held subsidiaries. Management sources investment opportunities from various government laboratories, agencies, universities and corporations, as well as through its own internal research. Sourced from Oak Ridge Laboratory’s chemical analyzer research, 1st Detect develops, manufactures, and sells chemical analyzers that streamline processes for industrial use in the airport security, food and beverage, semiconductor, pharmaceutical, research, and environmental markets, and the military. Sourced from decades of image research from the laboratories of IBM and Kodak combined with classified satellite technology from government laboratories, Astral Images sells film to digital image enhancement, defect removal and color correction software and post processing services providing economically feasible conversion of television and feature 35mm and 16mm films to the new 4K ultra-high definition (UHD), high-dynamic range (HDR) format necessary for the new generation of digital distribution. Sourced from NASA’s extensive microgravity research, Astrogenetix is applying a fast-track on-orbit discovery platform using the International Space Station to develop vaccines and other therapeutics. Demonstrating its entrepreneurial strategy, Astrotech management sold its state-of-the-art satellite servicing operations to Lockheed Martin in August 2014. Astrotech has operations throughout Texas and is headquartered in Austin. For information please visit www.astrotechcorp.com 

 

About Astral Images
Astral Images, Inc., located in Austin, TX, is positioned to be the world leader in the technology required to digitize, repair, and archive feature films, film-based television series, and consumer media. Based on years of experience, research, and development, the company has pioneered the technology to detect and remove surface defects and scratches from both color and black & white film in automation. Astral Images continues to develop technology and solutions to meet the ever-changing needs of the industry. www.astral-images.com

 

Marketing and PR Contact

Joshua Elbaum

VP, Marketing, Astrotech Corporation/ Astral Images Corporation

+1 (512) 485-9530

 

IR Contact

Cathy Mattison and Kirsten Chapman

LHA Investor Relations

+1 (415) 433-3777

ir@astrotechcorp.com