Astrotech Acquires State-of-the-Art Imaging Technology
March 23 2015 - 9:30AM
Business Wire
Astrotech Corporation (“Astrotech” or the “Company”)
(Nasdaq:ASTC), a leading provider of disruptive technology
solutions, announced today that it has successfully completed the
acquisition of certain key assets and intellectual property from
Image Trends, Inc., during a bankruptcy auction held in Austin, TX,
on March 18th, 2015.
Astrotech’s management team has a long track record of
identifying and creating value from distressed situations. “With
the acquisition of these technologies, intellectual property, and
know-how, coupled with selected high performance space imaging
technologies, we have created Astral Images, Inc., revolutionizing
the film to digital conversion process for the new Ultra-High
Definition 4K standards, ” stated Thomas B. Pickens, CEO of
Astrotech.
About Astrotech Corporation
Astrotech is a leader in identifying and commercializing space
technology for terrestrial use, and integrating complimentary
disruptive technologies. 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. Astral Images provides an advanced film scanning
and digital defect removal solution.
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)
Historical Stock Chart
From Mar 2024 to Apr 2024
Astrotech (NASDAQ:ASTC)
Historical Stock Chart
From Apr 2023 to Apr 2024