Astrotech’s Subsidiary 1st Detect Wins Gold at ‘ASTORS’ Homeland Security Awards as Best CBRNE Detection System
December 21 2020 - 7:00AM
Business Wire
Astrotech Corporation (NASDAQ: ASTC) announced today that its
1st Detect subsidiary has received a Gold Award for its TRACER 1000
explosives trace detector (ETD) in the Best CBRNE Detection System
category at American Security Today’s ‘ASTORS’ Homeland Security
Awards program.
“We are honored and humbled to receive the award, as it is a
recognition of our core philosophy of differentiation through
innovation,” said Raj Mellacheruvu, Chief Executive Officer of 1st
Detect. “It has long been known that mass spectrometry is the
superior technology for detecting explosives. We have solved the
ease of use and ruggedness challenges of traditional mass
spectrometry and we now have instruments deployed and in service
throughout Europe. In addition, with our near zero false alarms,
our instruments cost less than the competing technology and we are
quickly becoming recognized as technological leaders in the
industry.”
The Annual ‘ASTORS’ Awards, now in its fifth year, is the
preeminent U.S. Homeland Security Awards Program, highlighting the
most cutting-edge and forward-thinking security solutions coming
onto the market today. The program is specifically designed to
honor distinguished government and vendor solutions that deliver
enhanced value, benefit and intelligence to end users in a variety
of government, homeland security, enterprise and public safety
vertical markets.
“Today, the United States is increasingly focusing on protecting
public spaces, as well as IT/cybersecurity networks, and they are
calling on innovative companies like 1st Detect to help them do
so,” according to Tammy Waitt, co-founder and editorial director of
American Security Today. “‘ASTORS’ nominations are evaluated on
their technical innovation, interoperability, specific impact
within the category, overall impact to the industry, relatability
to other industry technologies and application feasibility outside
of the industry.”
The TRACER 1000 is the only certified ETD that uses mass
spectrometry, the world’s gold standard instrumentation used to
identify complex chemical compounds. Checkpoint and cargo
certification was received from the European Civil Aviation
Conference (ECAC) enabling TRACER 1000 sales in Europe and much of
the rest of the world. Additionally, on September 9, 2020, the
TRACER 1000 passed the non-detection testing of the U.S.
Transportation Security Administration’s (TSA) Air Cargo Screening
Technology Qualification Test (ACSQT). Upon successful completion
of detection testing, which is the next and final phase, the TRACER
1000 will be added to the Air Cargo Screening Technology List
(ACSTL) as an “approved” ETD for sales to the cargo screening
market within the United States.
“After many years of hard work, innovation and investment, we
are poised for continued growth in the security industry which will
be followed by product introductions in the fields of agriculture
and medicine. This is an exciting time as we begin our scale cycle
and we are pleased to have our superior technology be recognized by
a leading voice in the security industry,” concluded
Mellacheruvu.
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.
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/20201221005226/en/
Eric Stober, Chief Financial Officer, Astrotech Corporation,
(512) 485-9530
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