Astrotech Corp. (ASTC)

[lecorb]

Astrotech Shares Rise 9% on Purchase Order for Explosives-Detection Device
12:57 pm ET August 25, 2021 (Dow Jones) Print

By Chris Wack


Astrotech Corp. shares were up 9% to $1.13 after the company said its 1st Detect subsidiary has secured a purchase order for its Tracer 1000, representing the first units to be deployed at an airport security checkpoint.

Volume for the stock was 30.3 million shares at 12:50 p.m. ET, compared to its 65-day average volume of 1.2 million shares. The stock hit its 52-week low of 94 cents on Aug. 19.

The company said that including prior sales to worldwide cargo facilities, the Tracer 1000 explosives trace detector will now be operating in 15 locations in 10 countries throughout Europe and Asia.

The company said the Tracer 1000 is inexpensive, small and easy to use, with high resolution and near-zero false alarms. It is the only mass spectrometry-based explosives trace detector to have received European Civil Aviation Conference certification for both checkpoint and cargo security, the company said.


Write to Chris Wack at [e-mail]


(END) Dow Jones Newswires

August 25, 2021 12:57 ET (16:57 GMT)