NASA Awards Astrotech Contract for DSCOVR Satellite Processing
October 23 2013 - 7:00AM
ASTROTECH CORPORATION (Nasdaq:ASTC) and its Astrotech Space
Operations subsidiary, leading providers of commercial space
services, today announced that NASA has awarded Astrotech a
contract to provide facilities and pre-launch processing services
for the Deep Space Climate Observatory (DSCOVR) mission to launch
in late 2014.
DSCOVR is the second mission awarded under the previously
announced $9.1 million NASA Indefinite-Delivery,
Indefinite-Quantity (IDIQ) contract with Astrotech Space
Operations-Florida.
The National Oceanic and Atmospheric Administration (NOAA) and
the U.S. Air Force also are partners on this mission scheduled to
launch on a SpaceX Falcon 9 rocket.
Orbiting one million miles from Earth, DSCOVR will provide
advance warning for severe solar storms that may adversely affect
power grids, communications, aircraft and GPS navigation on Earth
as well as spacecraft operations.
"Just as current NOAA satellites monitor changing atmospheric
conditions on Earth, DSCOVR will monitor and warn us about harmful
solar storms approaching our planet," stated Astrotech Corporation
CEO Thomas B. Pickens III. "We are proud to be part of this
important mission, which is also the first time Astrotech will
process a satellite for launch on a SpaceX rocket."
ASO Florida has provided payload processing for NASA satellites
such as RBSP, Juno, SDO, LRO/LCROSS, GRAIL and TDRS-K. TDRS-L will
arrive for processing later this year. Another space weather
mission, MMS, is slated for mid-2014 launch.
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 advanced
planning; use of unique facilities; and spacecraft checkout,
encapsulation, fueling and transport. In its 31-year history,
Astrotech has supported the processing of more than 300 spacecraft
without impacting a customer's launch schedule.
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 more
than 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, 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.
CONTACT: FOR MORE INFORMATION:
Astrotech Corporation
512.485.9530
IR@astrotechcorp.com
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