Astrotech's 1st Detect Unit Introduces Its Latest Technology Breakthrough
June 26 2014 - 9:30AM
1st Detect, a subsidiary of Astrotech (Nasdaq:ASTC), is pleased to
pleased to announce a strategic alliance with SparkCognition,
developers of MindSpark, the award winning Cognitive Analytics
platform for the industrial internet. By embedding novel Data
Science algorithms and advanced neural network powered analytics in
our MMS-1000 instrument, 1st Detect will be well positioned to
bring the first adaptive and predictive data analysis solution to
the chemical detection and monitoring industry.
"Typical data processing with mass spectrometers is antiquated,
slow and cumbersome. Our strategic alliance with SparkCognition
continues our culture of introducing disruptive technology
breakthroughs that are reshaping the mass spectrometry market by
delivering state-of-the-art data analytics," said Thomas B. Pickens
III, Chairman and CEO of 1st Detect. "Cognitive and Predictive
Analytics capabilities allow chemical data to be more thoroughly
understood while learning from those conclusions to make better
predictions in the future."
"We are very pleased about our partnership with 1st Detect,
which will bring a rich repertoire of industry-leading
capabilities to the MMS-1000," said Amir Husain, Founder and CEO of
SparkCognition. "The mobile chemical analysis made possible with
1st Detect's products presents a compelling industrial
internet application with monumental growth potential. Advanced
analytics combined with a cost-effective sensor, like the MMS-1000,
can solve massive problems in multiple large markets."
1st Detect Corporation has developed an instrument that
revolutionizes the chemical detection and analysis market by
delivering lab performance mass spectrometry in a small, affordable
and easily portable package. The 1st Detect mass spectrometer is
capable of detecting a wide variety of chemicals including residues
and vapors from explosives, chemical warfare agents, toxic
chemicals, food and beverage contaminants, and pollutants.
These abilities make it an ideal tool for a variety of
applications in the research, security, industrial, process flow
and healthcare markets.
About 1st Detect Corporation
1st Detect Corporation was formed by Astrotech Corporation
(Nasdaq:ASTC) to develop and commercialize miniature mass
spectrometer technology first developed under an agreement with
NASA for use on the International Space Station. 1st Detect offers
a breakthrough miniaturized mass spectrometer that fills an unmet
need by being highly accurate, rapid, lightweight, and
cost-effective. For more information on 1st Detect Corporation,
please visit www.1stDetect.com.
About Astrotech Corporation
Astrotech is one of the first space commerce companies and
remains a strong entrepreneurial force in the aerospace industry.
We are leaders in identifying, developing and marketing space
technology for commercial use. Our Astrotech Space Operations
business unit serves our government and commercial satellite and
spacecraft customers with pre-launch services on the eastern and
western range. 1st Detect Corporation has developed a breakthrough
miniature mass spectrometer, while Astrogenetix, Inc. is a
biotechnology company utilizing microgravity as a research platform
for drug discovery and development.
About SparkCognition, Inc. SparkCognition, Inc.
is a leading Cognitive Analytics software company based in Austin,
Texas. Its award-winning MindSpark platform and Cognitive
Fingerprinting technology model physical and virtual assets,
continuously learn from data, and derive intelligent insights to
secure and protect assets round the clock. SparkCognition has
partnerships with IBM Power Systems Group, SoftLayer (an IBM
Company) and HP. For more information on the company, its
technology and team, please
visit http://www.sparkcognition.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.
CONTACT: FOR MORE INFORMATION:
Joshua Elbaum
VP, Marketing
+1 (512) 485-9530
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