Astrotech Completed Successful 1st Detect Demo with DHS and TSA Personnel
04 December 2017 - 11:05PM
Business Wire
- To Demonstrate TRACER 1000 MS-ETD at
Annual Meeting on December 7th -
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., Austin, TX.
The TRACER 1000 is a mass spectrometry-based explosives trace
detector (ETD), custom-developed for the TSA as an improvement over
and replacement for the ion mobility spectrometry (IMS) ETD systems
currently deployed at aviation checkpoints worldwide.
These antiquated IMS systems have many shortcomings – most
notably their limited library of detectable compounds, inability to
adapt to emerging threats, and significant false positive rates
that extend security wait times. The TRACER 1000 overcomes all of
these shortcomings, and also provides significant enhancements,
including:
- Considerably expanded list of
explosives, narcotics and other compounds of interest;
- Target library that can be
instantaneously updated or expanded in the field without requiring
hardware configuration changes;
- Near-zero false positive rates;
- Improved passenger satisfaction due to
increased throughput at checkpoints; and
- Similar market cost to current IMS
ETDs.
“We believe the TRACER 1000 will address the TSA’s current and
future ETD needs, and we are excited to begin testing with the
Department of Homeland Security’s Transportation Security
Laboratory in the coming weeks,” said Thomas B. Pickens III, CEO of
1st Detect and Astrotech. “The TRACER 1000 will significantly
augment airport security by resolving the problems the TSA has with
current IMS-based ETD systems. The demonstration of the TRACER 1000
at our annual meeting will showcase the results of years of
investment, dedicated hard work, and numerous technological
breakthroughs to enhance our nation’s security.”
About Astrotech
Astrotech Corporation (NASDAQ: ASTC) is an innovative science
and technology company that invents, acquires, and commercializes
technological innovations sourced from research institutions,
laboratories, universities, and internally, and then funds,
manages, and builds proprietary, scalable start-up companies for
profitable divestiture to market leaders to maximize shareholder
value. Sourced from Oak Ridge Laboratory’s chemical analyzer
research, 1st Detect develops, manufactures,
and sells chemical analyzers for use in the security, defense,
healthcare, food and beverage, and environmental markets. Sourced
from decades of image research from the laboratories of IBM and
Kodak, 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.
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, whether we can successfully develop our proprietary
technologies and whether the market will accept our 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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version on businesswire.com: http://www.businesswire.com/news/home/20171204005304/en/
Company Contact:Astrotech CorporationNicole Conser,
512-485-9530Marketing DirectororIR Contact:LHA Investor
RelationsCathy Mattison and Kirsten Chapman,
415-433-3777ir@astrotechcorp.com
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