Full Press Release Details
ASTROTECH CORPORATION REGAINS NASDAQ COMPLIANCE
Texas, June 24, 2009 Astrotech Corporation
(NASDAQ: ASTC) announced today that the Company received notice on June 18, 2009 from The NASDAQ
Stock Market ( NASDAQ ) confirming that
it has regained compliance with the minimum bid price rule for continued
listing. NASDAQ confirmed that the
closing bid price of the Company s common stock has been at $1.00 per share or
greater for at least 10 consecutive trading days. As a result, the Company is currently in
compliance with all continued listing standards.
The Company previously
received a written notification from
NASDAQ on April 7, 2008, indicating that the minimum bid price of
the Company s common stock had fallen below $1.00 for 30 consecutive trading
days and that it was therefore not in compliance with NASDAQ Listing Rule 5550(a)(2),
formerly Marketplace Rule 4310(c)(4). The Company was given a period of
time to regain compliance with NASDAQ s listing rules.
About Astrotech Corporation
is one of the first commercial space companies and remains a strong
entrepreneurial leader in the aerospace industry. The Company serves our government and
commercial satellite and spacecraft customers with our pre-launch services from
our Astrotech Space Operations (ASO) subsidiary and incubates space technology
businesses now having formed three companies; the 1st Detect
Corporation, which is developing a breakthrough mini-mass spectrometer first created
for the International Space Station; Astrogenetix, Inc., which is
producing biotech products in space and has recently developed a vaccine
candidate for Salmonella; and AirWard Corporation, which is drawing on its
space heritage of sending cargo to space by selling hazardous material
containers for the airline industry.
The statements in this document
may contain 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 & 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.
Corporate Marketing and
Astrotech Corporation