Full Press Release Details
Astrotech Corporation
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ASTROTECH SUBSIDIARY WINS $4.0
Austin, Texas, September 7,
2011 - Astrotech Corporation (NASDAQ: ASTC), a leading provider of
commercial aerospace services, today announced that its Astrotech Space
Operations subsidiary ("ASO") has been awarded a $4.0 million
contract for payload processing services in support of the U.S. government.
contributing to the success of this U.S. government mission with our payload
processing services," said Don M. White Jr., Senior Vice President and
General Manager of Astrotech Space Operations. "Astrotech's
specialized, state of the art facilities made us an ideal fit for this mission
and we are excited to offer the U.S. government a full complement of processing
and facility services."
From Titusville, Florida and
Vandenberg Air Force Base, California, Astrotech Space Operations provides all
support necessary for government and commercial customers to successfully
process their satellite hardware for launch. Our service offering includes
advance planning; use of our unique facilities; and spacecraft checkout,
encapsulation, fueling, and transport. Additionally, ASO has extensive
experience in designing, building, and operating spacecraft processing
equipment and facilities. In its 29 year history, ASO has supported the
processing of more than 290 spacecraft without impacting a customer's
About Astrotech Corporation
Astrotech is one of the first space commerce companies and remains a
strong entrepreneurial force in the aerospace industry. We are leaders in
identifying, developing and marketing space technology for commercial use. Our
ASO business unit serves our government and commercial satellite and
spacecraft customers with pre-launch services on the eastern and western range.
Corporation is developing what we believe is a breakthrough Miniature Chemical
Detector, while Astrogenetix, Inc. is a biotechnology company utilizing
microgravity as a research platform for drug discovery and development.
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, continued government support and
funding for key space programs, the ability to expand ASO, the availability of
capital for reinvestment in growth initiatives, product performance and market
acceptance of 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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