Astrotech’s (NASDAQ:ASTC) 1st Detect Awarded New Contract for Next Generation Chemical Detection Solution
September 11 2014 - 9:00AM
Business Wire
Company collaborates with Battelle to
improve current military chemical detection solutions
1st Detect, a subsidiary of Astrotech (Nasdaq:ASTC), announced
today its breakthrough technology has reached a key milestone in
the military’s test and evaluation process for Multi-Sample
Identifier Detector (MSID) solutions, by being awarded one of the
competitive prototype contracts for the Next Generation Chemical
Detector (NGCD) program.
“1st Detect is well positioned to be rapidly matured into a
tactical sensor solution for defense and security applications
along with our strategic teammate, Battelle, the prime contractor,”
said Thomas B. Pickens III, Chairman and CEO of Astrotech. Battelle
brings 25 years of chemical and biological defense expertise. “We
believe this collaboration, in alignment with government direction,
will contribute to an accelerated development timeline for NGCD
because the efficacy of product design iterations can be
immediately vetted with actual chemical warfare agents,” he
said.
“We are very excited about the award,” Pickens said. “1st
Detect’s disruptive technology will allow us to provide our
military with the proper technology needed to save lives.”
1st Detect Corporation has developed an instrument that
revolutionizes the chemical detection and analysis market by
delivering lab performance mass spectrometry in a small, affordable
and easily portable package. The 1st Detect mass spectrometer 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
abilities 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
spectrometer 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. Both are wholly owned
subsidiaries of the parent.
About Battelle Memorial Institute
Every day, the people of Battelle apply science and technology
to solving what matters most. At major technology centers and
national laboratories around the world, Battelle conducts research
and development, designs and manufactures products, and delivers
critical services for government and commercial customers.
Headquartered in Columbus, Ohio since its founding in 1929,
Battelle serves the national security, health and life sciences,
and energy and environmental industries. For more information,
visit www.battelle.org.
For more information contact Katy Delaney at (614)424-7208 or at
delaneyk@battelle.org or contact T.R. Massey at (614) 424-5544 or
at masseytr@battelle.org
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.
Astrotech CorporationJoshua Elbaum, +1-512-485-9530VP,
Marketing
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