Astrotech Corporation Appoints Raj Mellacheruvu as Chief Operating Officer
February 03 2015 - 9:00AM
Business Wire
Astrotech Corporation (Nasdaq:ASTC) today announced that it has
appointed Raj Mellacheruvu as Chief Operating Officer ("COO") of
the Company. Mr. Mellacheruvu’s appointment is effective as of
February 2, 2015. In this new role, Mr. Mellacheruvu will report to
Thomas B. Pickens III, Chairman & CEO of Astrotech Corporation,
and help lead business operations for Astrotech and its
subsidiaries.
“The Board is delighted to appoint Mr. Mellacheruvu as Chief
Operating Officer,” stated Thomas B. Pickens III, Chairman and
Chief Executive Officer of Astrotech Corporation. “Mr. Mellacheruvu
brings a wealth of technology productization experience with a
strong focus on operational excellence and is uniquely qualified in
driving and extending our leadership in the marketplace.”
Mr. Mellacheruvu has over 20 years of experience in start-up and
large enterprise environments focused on technology innovation,
maximizing P&L performance and full lifecycle product
management. Since 2013, he has worked with 1st Detect, a subsidiary
of Astrotech Corp., in the capacity of interim COO driving product
strategy, management and operational excellence. Prior to working
with 1st Detect, Mr. Mellacheruvu served as VP of Products and
Strategy at a leading centralized & virtualized computing
technology firm in Austin, Texas.
Mr. Mellacheruvu has an MBA in Business Strategy & Finance
from Kellogg School of Management, Northwestern University and a
Masters in Electrical Engineering from Texas A&M
University.
“Astrotech is a market leader with compelling world-class
technologies and a dedicated & talented team,” said Mr.
Mellacheruvu. “I am deeply honored and look forward to working with
the leadership team to continue to drive sustainable and profitable
growth.”
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 Astrotech Corporation.
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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