Astrotech Announces Major Milestone – 1st Detect Receives ECAC Certification
February 21 2019 - 7:00AM
Business Wire
1st Detect Taking Orders for
TRACER 1000™ Internationally
Astrotech Corporation (NASDAQ: ASTC) today announced that
its wholly-owned subsidiary, 1st Detect, received formal
certification for both passenger and cargo screening for its
explosives trace detector (ETD), the TRACER 1000, from the European
Civil Aviation Conference (ECAC) and can now sell its product
internationally.
“The 1st Detect TRACER 1000 ECAC certification marks the end of
the old and ushers in a new era of efficiency and savings. The
TRACER 1000, with its near-zero false alarm rate, has been designed
to reduce risk, speed up the passenger lanes, and save airports
hundreds of millions in unnecessary screening costs. Airport
security personnel and passengers have been struggling with
antiquated and cumbersome ion mobility spectrometry (IMS) based
ETDs for decades, and it is now time to speed up the lanes and end
the needless and embarrassing pat-downs. The industry has long been
looking for a solution and after many years of hard work we are
very proud to introduce the breakthrough TRACER 1000 ETD
technology,” stated Thomas B. Pickens III, CEO of Astrotech.
“Early demonstrations to prospective customers of the TRACER
1000 have gone extraordinarily well. It is clear that there is a
longstanding dissatisfaction with the previous generation of ETD’s
and potential customers are genuinely interested in our superior
mass spectrometry technology to lower their operating costs and
dramatically increase threat detection capabilities to address
evolving threats,” stated Raj Mellacheruvu, CEO of 1st Detect.
If you are interested in a demo or in learning more about the
TRACER 1000, please contact us at sales@1stdetect.com or at (512)
485-9539.
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/20190221005301/en/
Eric StoberChief Financial OfficerAstrotech Corporation(512)
485-9530
Astrotech (NASDAQ:ASTC)
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