Department of Homeland Security Awards Contract to Smiths Detection & Astrotech Subsidiary 1st Detect for Next Generation Exp...
March 09 2016 - 7:05AM
Business Wire
- 1st Detect to provide chemical analyzer
technology for next generation ETD sensor solution to DHS for
passenger and carryon baggage screening and other homeland security
operations -
1st Detect, Inc., a subsidiary of Astrotech (NASDAQ:ASTC), has
partnered with Smiths Detection Inc.- a subsidiary of Smiths Group
(LSE: SMIN, ADR: SMGZY) to develop next generation explosives trace
detection (ETD) systems for the Department of Homeland Security
Science and Technology Directorate (DHS S&T) using 1st Detect’s
breakthrough chemical analyzer technology.
Smiths Detection Inc. is currently one of three TSA prime
contractors and an incumbent ETD provider. This development
contract represents the first phase and is expected to last 24
months. Subsequent phases include design for manufacturability
followed by procurement.
Smiths Detection and 1st Detect will work together towards
providing a revolutionary next generation solution helping to
enhance passenger and carryon baggage screening as well as other
homeland security operations.
“We are very excited to be working with Smiths Detection on this
worldwide opportunity,” said Thomas B. Pickens III, Chairman and
CEO of Astrotech and 1st Detect, Inc. “We have been working for
years to position our technology to reach the high level of
performance needed to be selected by both the DHS and Smiths
Detection. Being selected for this important program validates both
our technology and our long term corporate strategy.”
About 1st Detect Corporation
1st Detect, a subsidiary of Astrotech Corporation (NASDAQ:
ASTC), develops, manufactures, and sells powerful, sensitive, and
accurate chemical analyzers that streamline processes for
industrial use in the food and beverage, semiconductor,
pharmaceutical, healthcare, research, and environmental markets, as
well as for government applications used in explosive and chemical
warfare detection for the Department of Homeland Security and the
military. The company’s core mass spectrometry technology was first
developed under an agreement with NASA for use on the International
Space Station. The unit is capable of detecting a wide variety of
chemicals including residues and vapors from explosives, chemical
warfare agents, toxic chemicals, food & beverage contaminants,
and pollutants. These capabilities, combined in an
economically priced, transportable, and ruggedized solution, make
it an ideal tool for a variety of applications. For more
information on 1st Detect Corporation, please visit
www.1stDetect.com.
About Astrotech Corporation
Astrotech Corporation (NASDAQ: ASTC) identifies and
commercializes technologies through its closely held subsidiaries.
Management sources investment opportunities from various government
laboratories, agencies, universities and corporations, as well as
through its own internal research. Sourced from Oak Ridge
Laboratory’s chemical analyzer research, 1st
Detect develops, manufactures, and sells chemical analyzers
that streamline processes for industrial use in the airport
security, food and beverage, semiconductor, pharmaceutical,
research, and environmental markets, and the military. Sourced from
decades of image research from the laboratories of IBM and Kodak
combined with classified satellite technology from government
laboratories, Astral Images sells film to digital image
enhancement, defect removal and color correction software and post
processing services providing economically feasible conversion of
television and feature 35mm and 16mm films to the new 4K ultra-high
definition (UHD), high-dynamic range (HDR) format necessary for the
new generation of digital distribution. Sourced from NASA’s
extensive microgravity research, Astrogenetix is applying a
fast-track on-orbit discovery platform using the International
Space Station to develop vaccines and other therapeutics.
Demonstrating its entrepreneurial strategy, Astrotech management
sold its state-of-the-art satellite servicing operations to
Lockheed Martin in August 2014. Astrotech has operations throughout
Texas and is headquartered in Austin. For information please visit
www.astrotechcorp.com
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160309005314/en/
Astrotech Corporation ContactEric Stober, +1
512-485-9530CFOorAstrotech Corporation IR ContactCathy
Mattison and Kirsten Chapman, +1 415-433-3777LHA Investor
Relationsir@astrotechcorp.com
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