ASTROTECH (formerly SPACEHAB )
astrotechcorp.com astrotechspaceoperations.com astrogenetix.com 1stdetect.com
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Astrotech Corporation (Nasdaq: ASTC), formerly SPACEHAB, Inc., has led the commercial space industry for 25 years, preparing and sending satellites, cargo and science into space. With the goal of facilitating the most demanding of projects, we offer the following unique capabilities:
- Satellite and spacecraft pre-launch processing
Payload processing and integration
Space hardware design and manufacturing
Third party space access acquisition and integration
Microgravity commercial drug development
Space technology product commercialization for Earth applications
Our new initiative, End-to-End Mission Assurance, enables Astrotech to support our satellite customers from conceptual design through orbital insertion and command and control. And through other business initiatives such as Astrogenetix and 1st Detect, the Astrotech Corporation continues to pave the way in the commercialization of space by translating space-based technology into terrestrial applications.
Astrotech Corporation Completes the Sale of Its Astrotech Space Operations Unit
|Date : ||08/22/2014 |
Astrotech Corporation (NASDAQ: ASTC) has completed the sale of substantially all of the properties and assets related to or used in its Astrotech Space Operations business unit to a wholly-owned subsidiary of Lockheed Martin Corporation for $61 million. This transformative transaction is an important step in the Company’s strategic evolution that allows us to maximize the value of our remaining operations, assets, and intellectual property.
"I would like to take this opportunity to thank our shareholders for the continued support of our vision of the future for Astrotech," stated Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech Corporation. "We are now better positioned to focus on building shareholder value as a worldwide leader in the application of mass spectrometry sensors to the security, process control, laboratory and environmental markets. We believe we have the fastest, smallest, highest performing and most economical miniaturized mass spectrometer solution that is versatile enough to be easily integrated within a wide variety of markets."
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