ASTROTECH'S 1ST DETECT ANNOUNCES INITIAL ORDERS FROM NEW INDUSTRIAL CUSTOMERS
Austin, TX (January 20, 2015) -
1st Detect, a subsidiary of Astrotech (NASDAQ:ASTC), is pleased to announce the receipt of initial orders for its disruptive mass spectrometry technology. The industries serviced with these orders include petrochemical along with food processing and packaging.
Our goal is to position our sensor technology into processing plants and manufacturing lines where process control and quality assurance is crucial. We have identified and targeted several industries that would benefit from our Process Analytical Chemistry / Process Analytical Technology (PAC/PAT) solutions.
“We are very pleased by the initial traction into these markets,” said Thomas B. Pickens III, Chairman and CEO of Astrotech. “Bob Kibler and his Team have done an outstanding job of seizing the momentum generated by our iONTRAC introduction at events like the Gulf Coast Conference, and cultivating customer interest in our products into an exciting pipeline of opportunities.’
1st Detect Corporation has developed an instrument that revolutionizes the chemical detection and analysis market by delivering laboratory performance mass spectrometry in a small, affordable and portable package. This versatile product has the flexibility to be adapted to each environment, and factory models are designed to communicate with standard Factory Management Software for easy implementation. The 1st Detect mass spectrometer utilizes core technology that is fast, highly sensitive and accurate. The unit is capable of detecting a wide variety of chemicals including residues and vapors from explosives, chemical warfare agents, toxic chemicals, food and beverage contaminants, and pollutants. These capabilities, combined in an economically priced solution, make it an ideal tool for a variety of applications in the research, security, industrial, process flow and healthcare markets.
About 1st Detect Corporation
1st Detect Corporation was formed by Astrotech Corporation (Nasdaq:ASTC) to develop and commercialize miniature mass spectrometry technology first developed under an agreement with NASA for use on the International Space Station. 1st Detect offers a breakthrough miniaturized mass spectrometer that fills an unmet need by being highly accurate, rapid, lightweight, and cost-effective. For more information on 1st Detect Corporation, please visit www.1stDetect.com.
About Astrotech Corporation
Astrotech is a leader in identifying and commercializing space technology for terrestrial use. 1st Detect Corporation is developing what we believe is a breakthrough miniaturized mass spectrometer, the MMS-1000™, while Astrogenetix, Inc. is a biotechnology company utilizing microgravity as a research platform for drug discovery and development. Astral Images provides an advanced film scanning and digital defect removal solution. All are wholly owned subsidiaries of the parent.
This press release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, continued government support and funding for key space programs, product performance and market acceptance of products and services, as well as other risk factors and business considerations described in the Company’s Securities and Exchange Commission filings including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. The Company assumes no obligation to update these forward-looking statements.
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