Astrotech Space Operations Secures $1.1 Million Propellants Purchase Order
Austin, TX (June 12, 2012) -
Astrotech Corporation, (NASDAQ: ASTC), a leading provider of commercial aerospace services, today announced that its Astrotech Space Operations (ASO) subsidiary secured a $1.1 million purchase order to supply hypergolic propellants support to a spacecraft manufacturer. ASO will provide propellant delivery and export-related services from its headquarters in Titusville, Florida.
“Our propellants-related services are integral to our core business, and we continue to see growth in this area,” stated Don M. White Jr., Astrotech Space Operations General Manager. “Astrotech not only provides individual services such as propellant procurement, sampling and logistics support to our customers, but also full-service, turnkey spacecraft propellant loading operations. By serving a wide range of spacecraft customers at U.S. locations and abroad, ASO’s experienced propellants team offers the unique advantage of knowledgeable, customized fueling support,” adds White.
From Titusville, Florida, and Vandenberg Air Force Base, California, Astrotech Space Operations provides all support necessary for government and commercial customers to successfully process their satellite hardware for launch, including advance planning; use of unique facilities; and spacecraft checkout, encapsulation, fueling, and transport. Additionally, ASO has demonstrated expertise in design and fabrication of spacecraft processing facilities and ground support equipment “GSE”. In its 30 year history, ASO has successfully supported the processing of nearly 300 spacecraft.
About Astrotech Corporation and Astrotech Space Operations (ASO)
Astrotech is one of the first space commerce companies and remains a strong entrepreneurial force in the aerospace industry. We are leaders in identifying, developing and marketing space technology for commercial use. Our Astrotech Space Operations (ASO) has been a global satellite processing leader since 1981. With nearly 300 successful spacecraft missions to date, Astrotech continues to provide adaptable and flexible services for its government and commercial customers. Astrotech Space Operations provides all support necessary for successful spacecraft processing to prepare for launch on a variety of domestic and foreign launch vehicles. Spacecraft undergo pre-launch hardware integration and testing, satellite encapsulation, and fueling before transport to the pad. Astrotech Space Operations business unit serves our satellite and spacecraft customers with pre-launch services on the eastern (Kennedy Space Center) and western (Vandenberg Air Force Base) ranges.
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, customer 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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