Astrotech Corp. (ASTC): Astrotech (ASTC) Completes Image Trends...

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Tuesday, 03/24/2015 10:10:37 AM

Tuesday, March 24, 2015 10:10:37 AM

Astrotech (ASTC) Completes Image Trends Acquisition

Astrotech (NASDAQ: ASTC) has successfully completed the acquisition of certain key assets and intellectual property from Image Trends, Inc., during a bankruptcy auction held in Austin, TX, on March 18th, 2015.

Astrotech’s management team has a long track record of identifying and creating value from distressed situations. “With the acquisition of these technologies, intellectual property, and know-how, coupled with selected high performance space imaging technologies, we have created Astral Images, Inc., revolutionizing the film to digital conversion process for the new Ultra-High Definition 4K standards, ” stated Thomas B. Pickens, CEO of Astrotech.

http://www.streetinsider.com/Management+Comments/Astrotech+(ASTC)+Completes+Image+Trends+Acquisition/10394571.html

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