Full Press Release Details
ASTROTECH CORPORATION ANNOUNCES CORPORATE REALIGNMENT
Astrotech Corporation President Terminated
Austin, Texas, July 16, 2010 Astrotech Corporation (NASDAQ: ASTC), a leading provider of
commercial aerospace services and in the commercialization of space technologies, today announced a
realignment of its corporate structure in order to optimize operational efficiencies. The
Company s action follows an evaluation of each business and a review of strategic alternatives.
Astrotech s corporate realignment includes the termination of James Royston, President of Astrotech
This corporate leadership realignment allows us to streamline Astrotech, reduce overall costs and
maximize shareholder value, said Thomas B. Pickens III, Chairman and Chief Executive Officer of
The corporate realignment will allow Astrotech to put a greater focus on the pre-launch satellite
service offering of its Astrotech Space Operations business unit. The Company has no immediate
plans of filling the position created by Mr. Royston s termination.
About Astrotech Corporation
Astrotech Corporation (Nasdaq: ASTC) is a commercial aerospace company that provides spacecraft
payload processing and government services, designs and manufactures space hardware, and
commercializes space technologies for use on Earth. 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 focusing on two
companies: 1st Detect Corporation, which is developing a mini-mass spectrometer first
developed for the International Space Station; and Astrogenetix, Inc., which is developing biotech
products in space and has recently developed a vaccine candidate for Salmonella.
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.