Astrotech Corp. (ASTC)

[Getitgogone]

ASTC/1ST DETECT Press release February 21, 2019 07:00 AM Eastern Standard Time

Astrotech Announces Major Milestone – 1st Detect Receives ECAC Certification
1st Detect Taking Orders for TRACER 1000™ Internationally

IMPORTANT PART: Airport security personnel and passengers have been struggling with antiquated and cumbersome ion mobility spectrometry (IMS) based ETDs for decades, and it is now time to speed up the lanes and end the needless and embarrassing pat-downs. The industry has long been looking for a solution and after many years of hard work we are very proud to introduce the breakthrough TRACER 1000 ETD technology,” stated Thomas B. Pickens III, CEO of Astrotech.

https://www.businesswire.com/news/home/20190221005301/en/Astrotech-Announces-Major-Milestone-%E2%80%93-1st-Detect

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Are the statements above true in their Press Release?

So,my hypothesis right now is that 1st Detect Tracer 1000 is new,unique amongs its peers,and is the only device designed to replace the current generation of IMS-based explosives trace detectors currently deployed at airports, cargo inspection depots, and other high-security facilities globally.

Above device and quote
https://www.1stdetect.com/products/tracer-1000-ms-etd/
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Competition .... some have said that would primarily be Smiths Detection which I tend to agree with, so I will look at them closely first and foremost

Here are Smiths ETD devices >>

https://www.smithsdetection.com/prodcat/explosives-narcotics-trace-detection/

Note: None of these are mass spectrometry-based as far as I can tell they are antiquated and cumbersome ion mobility spectrometry (IMS) based ETDs,As ASTC/1ST DETECT has stated;Click on each one and read their descriptions.
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Last I'm looking at the TSA Air Cargo Screening Technology List (ACSTL) dated August 27th,2018;There should be a new one published soon,I think it's every 6 months? In any case if you look at Section 3 Explosive Trace Detection (ETD) Devices

PAGE 15 3.1 Qualified ETD Technology shows >>>
"There are currently no systems in the Qualified ETD Technology section."

PAGE 16 3.2 Approved ETD Technology
Smiths Detection, Inc.
IONSCAN 600 Which is one of Smiths "antiquated and cumbersome ion mobility spectrometry (IMS) based ETDs"

PAGE 17 3.3 Grandfathered ETD Technology
There are 3 devices but the word above "Grandfathered" kind of tells you they are antiquated;One of them again is
Smiths Detection, Inc.
Ionscan 500DT That is obviously the antiquated ion mobility spectrometry (IMS)

https://www.tsa.gov/sites/default/files/non-ssi_acstl.pdf

So far everwhere I turn I am seeing that ASTC/1ST DETECT is correct but for the sake of argument I want to look into what's on the European ECAC list when I get time.

For me though I'm convinced that 1st detect is sincere about what they have developed they just need to get their name out there more and start selling these or sell the company and I'm not sure what route I want them to take;Either way there should be money to be made here with a very low float and less than 6 million shares outstanding.

I'll continue to accumulate when possible;Would love for revenue to start coming in and I'm sure they will sell "some" stock for temporary funding but who knows ,since the share structure has such a low count maybe we can get a forward split to spice things up a bit for shareholders.