Astrotech Announces 1st Detect Passes Europe's ECAC Cargo Test and Looks to Receive ECAC Certification in the Near-Term
January 07 2019 - 7:00AM
Business Wire
- 1st Detect Prepares
to Promote TRACER 1000 Globally -
Astrotech Corporation (NASDAQ: ASTC) today announced that
its wholly-owned subsidiary, 1st Detect, has received initial
notice that its explosives trace detector (ETD), the TRACER 1000,
has successfully passed the European Civil Aviation Conference
(ECAC)’s Common Evaluation Process (CEP) test for airport cargo
screening. The TRACER 1000 was the first mass spectrometry-based
ETD to pass ECAC’s stringent laboratory testing protocol for
checkpoint security and has now achieved a second major milestone
in less than a month, becoming the first mass spectrometry-based
ETD to pass ECAC’s test for cargo screening. It is expected that
1st Detect will receive formal certification for both checkpoint
and cargo screening at the CEP Management Group’s next meeting.
“1st Detect has now passed all of the required tests and we have
already begun the sales process with qualified buyers from around
the world. We are very excited about the many positive responses
and genuine interest we have already received,” stated Thomas B.
Pickens III, CEO of 1st Detect and Astrotech.
“Passing ECAC’s CEP test for airport cargo screening is another
important validation of our technology. We are committed to being
the leader in detecting explosives in cargo worldwide. The TRACER
1000 was designed to speed up the screening process with near-zero
false alarms, ensuring a much faster flow of goods and packages
through warehouses and transfer points,” added Raj Mellacheruvu,
COO of 1st Detect and Astrotech.
About 1st Detect
1st Detect develops, manufactures, and sells chemical analyzers
for use in the security, defense, healthcare, and environmental
markets. For more information, visit www.1stdetect.com.
About Astrotech
Headquartered in Austin, Texas, 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.
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, the Company’s use of proceeds from the private
placement transaction, 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 for the
fiscal year ended June 30, 2018. Any forward-looking statements in
this document should be evaluated in light of these important risk
factors. In addition, any forward-looking statements included in
this press release represent the Company’s views only as of the
date of its publication and should not be relied upon as
representing its views as of any subsequent date. 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/20190107005287/en/
Eric StoberChief Financial OfficerAstrotech Corporation(512)
485-9530
Astrotech (NASDAQ:ASTC)
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