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Astrotech Corporation

Astrotech's TRACER 1000 Approved by TSA for Air Cargo Security

| 8-K |Technology

Summary

On June 20, 2024, Astrotech Corporation announced that its subsidiary, 1st Detect Corporation, received approval from the U.S. Transportation Security Administration (TSA) for its TRACER 1000 to be included in the Air Cargo Security Technology List (ACSTL). This approval allows the TRACER 1000 to advance to Stage II testing, paving the way for its potential inclusion in the 'Qualified' section of the ACSTL upon successful completion of field testing. The TRACER 1000, which uses mass spectrometry technology, is already in use in fourteen countries and has been certified by the European Civil Aviation Conference. This development is expected to open up new market opportunities for Astrotech in the U.S. air cargo market.

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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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