1st Detect Lands First Purchase Order for Checkpoint Security
August 25 2021 - 7:00AM
Business Wire
Astrotech Corporation (NASDAQ: ASTC) announced today that its
1st Detect subsidiary has secured an important landmark purchase
order for its TRACER 1000™, representing the first units to be
deployed at an airport security checkpoint. Including prior sales
to worldwide cargo facilities, the TRACER 1000 explosives trace
detector (ETD) will now be operating in fifteen locations in ten
countries throughout Europe and Asia.
The Astrotech Mass Spectrometer Technology™ (AMS Technology)
drives the breakthrough TRACER 1000, the first certified ETD to
employ mass spectrometry. Long recognized as the gold standard in
chemical detection, mass spectrometry has historically been too
costly, bulky, and cumbersome to be used outside of the laboratory.
Unlike other technologies, the AMS Technology works under
ultra-high vacuum, which eliminates competing molecules that can
impair the accuracy and quality of an analysis. The TRACER 1000 is
inexpensive, small, and easy to use, with high resolution and
near-zero false alarms. Due to its high sensitivity and rugged
design, the TRACER 1000 is the only mass spectrometry-based ETD to
have received European Civil Aviation Conference (ECAC)
certification for both checkpoint and cargo security.
“As air travel spending begins to return to normal following the
slowdown caused by the COVID-19 pandemic, we are seeing renewed
interest in checkpoint use for the TRACER 1000 ETD,” said Thomas B.
Pickens, Chairman and Chief Executive Officer of 1st Detect. “We
are excited that airport operators are beginning to understand that
mass spectrometry is a superior technology for the detection of
explosives, providing benefits to both airports and travelers.
Based on our near-zero false alarms, we believe that operating
costs will be considerably lower and passenger throughput will be
much faster when compared to competing screening devices. This
could lead to more consumer spending in airports as passengers
avoid unnecessary delays at the screening checkpoint,” concluded
Pickens.
About Astrotech Corporation Astrotech (NASDAQ: ASTC) is a
mass spectrometry company that launches, manages, and
commercializes scalable companies based on its innovative core
technology. 1st Detect is a manufacturer of explosives and
narcotics trace detectors developed for use at airports, cargo and
other secured facilities, and borders worldwide. 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/20210825005266/en/
Eric Stober Chief Financial Officer Astrotech Corporation (512)
485-9530
Astrotech (NASDAQ:ASTC)
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