Astrotech Engages Sanmina to Scale Manufacturing
March 30 2021 - 4:00PM
Business Wire
Astrotech Corporation (NASDAQ: ASTC) announced today that its
Astrotech Technologies, Inc. subsidiary has entered into an
agreement with Sanmina Corporation to manufacture its mass
spectrometry products. Sanmina is a leading integrated
manufacturing solutions provider for the Electronics Manufacturing
Services (EMS) market.
“Sanmina was selected following our extensive review of other
premier contract manufacturing organizations,” said Thomas B.
Pickens III, Chairman and Chief Executive Officer of Astrotech. “We
feel confident in Sanmina’s ability, as an industry leader and a
Fortune 500 company, to help us scale and to keep pace with our
planned growth. With Sanmina’s level of sophistication and
technical expertise, we believe that they are a great fit for
Astrotech.”
As part of the relationship, Sanmina will manufacture 1st
Detect’s TRACER 1000™. They have also agreed to manufacture AgLAB’s
AgLAB-1000™ and BreathTech’s BreathTest-1000™ once those products
are officially released.
About Astrotech Corporation Astrotech (NASDAQ: ASTC) is a
science and technology development and commercialization company
that launches, manages, and builds scalable companies based on
innovative technology in order to maximize shareholder value. 1st
Detect develops, manufactures, and sells trace detectors for use in
the security and detection market. AgLAB is developing chemical
analyzers for use in the agriculture market. BreathTech is
developing a breath analysis tool to provide early detection of
diseases in the breath. Astrotech is headquartered in Austin,
Texas. 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, whether we can successfully develop our proprietary
technologies and whether the market will accept our 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: https://www.businesswire.com/news/home/20210330006007/en/
Company Contact: Eric Stober, Chief Financial Officer,
Astrotech Corporation, (512) 485-9530
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