1st Detect Announces Initial Orders from New Industrial Customers
January 20 2015 - 9:00AM
Business Wire
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. Both 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.
Astrotech CorporationJoshua Elbaum, +1-512-485-9530VP,
Marketing
Astrotech (NASDAQ:ASTC)
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