1st Detect Sells TRACER 1000™ Explosives Trace Detectors to Global Shipping and Logistics Company
November 22 2019 - 7:00AM
Business Wire
Astrotech Corporation (NASDAQ: ASTC) announced today that 1st
Detect has signed a contract with a global shipping and logistics
company and is already fulfilling purchase orders. Under the terms
of the contract, the 1st Detect TRACER 1000™ has been approved on
the Company’s approved vendor list and is now available for
corporate-wide purchases on pre-negotiated terms.
“Being added to the customer’s global vendor list and already
receiving purchase orders is an important validation of our
technology and our unique value proposition,” stated Raj
Mellacheruvu, Chief Executive Officer of 1st Detect. “It is an
absolute pleasure to work with a global shipping and logistics
company in advancing the status quo in this industry and making our
airways safer,” he added.
The TRACER 1000 is an explosives trace detector (ETD) that has
been engineered to meet the current and next generation
requirements for both passenger and cargo security checkpoints.
With a virtually unlimited and instantly updatable threat library,
low cost of ownership, near-zero false alarm rate, and near-100%
uptime, security operators can now inexpensively stay ahead of the
ever evolving explosive and narcotic threats.
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 that are designed
to maximize shareholder value. 1st Detect develops, manufactures,
and sells explosives and narcotics trace detectors for use in the
air transport security markets. 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/20191122005113/en/
Eric Stober, Chief Financial Officer, Astrotech Corporation,
(512) 485-9530
Astrotech (NASDAQ:ASTC)
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