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Astrotech Corporation
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Astrotech Corporation

Astrotech Subsidiary Announces Strategic Partnership with SC Labs

| 8-K |Technology

Summary

On June 13, 2024, Astrotech Corporation's subsidiary AgLAB, Inc. announced a strategic partnership with SC Laboratories to jointly market the AgLAB 1000-D2 mass spectrometer and the AgLAB Maximum Value Process testing method to SC Labs' customers. This partnership aims to enhance production efficiency and improve yields and profits for hemp and cannabis producers. The companies have entered into a master lease agreement to facilitate this collaboration.

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About Astrotech Corporation

Astrotech Corporation is a diversified technology company engaged in the development and commercialization of science-driven solutions. The primary function of Astrotech is to innovate and create advanced technologies for industries such as aerospace, biotechnology, and industrial applications. One of the key areas where the company makes an impact is in the field of chemical detection, where it offers sophisticated equipment and systems designed to identify molecular compounds in security and environmental settings. The corporation is also involved in the production of mass spectrometers, contributing significantly to scientific research and safety-oriented environments. Headquartered in Austin, Texas, Astrotech Corporation plays a strategic role in the market by bridging the gap between scientific research and practical, real-world applications, making it a notable entity in the tech and industrial sectors.

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