Exhibit 99.1

 

 

 

 

 

Astrotech Corporation

201 West 5th Street, Suite 1275

Austin, Texas 78701

o: 512.485.9530 | f: 512.485.9531

www.astrotechcorp.com

ASTROTECH REPORTS FISCAL YEAR 2018 FINANCIAL RESULTS

 

Austin, Texas September 24, 2018 – Astrotech Corporation (NASDAQ: ASTC) reported its financial results for the fourth quarter and fiscal year ended June 30, 2018.

 

Thomas B. Pickens III, Chairman and CEO of Astrotech, stated, “Fiscal 2018 was an excellent year in terms of product endorsement at 1st Detect. We achieved three major milestones toward our goal of securing airports, borders, package distribution centers, and other public venues from explosive threats, as we strive to modernize the explosives trace detector (ETD) market.” The three milestones include:  

 

 

1.

1st Detect began Test and Evaluation (T&E) activities at the Department of Homeland Security’s Transportation Security Laboratory (TSL). The TRACER 1000 is currently undergoing Developmental Test and Evaluation (DT&E), and is expected to enter Independent Test and Evaluation (IT&E) in the coming months. A successful IT&E review would lead to TSL Certification. Once TSL Certification is complete, our product is ready to undergo TSL Qualification Testing and field trials, the result of which is a recommendation of whether the system should be placed on the Qualified Products List (QPL), which is necessary for deployment in U.S. airports.

 

2.

The TRACER 1000 was accepted into the Transportation Security Administration’s (TSA) Air Cargo Screening Technology Qualification Test (ACSQT) program. Certification under this program would enable the TRACER 1000 to be purchased for use in air cargo handling facilities throughout the United States, to include both package distribution centers and checked luggage at airports. This summer, the TRACER 1000 underwent substantial testing at one of the world’s largest package distribution companies, as well as at a major U.S. airline’s cargo facility. Results from these tests will support the data package for submission into the ACSQT program.

 

3.

1st Detect applied to and was accepted into the European Civil Aviation Conference (ECAC) Common Evaluation Process (CEP) for both aviation checkpoint and cargo security. ECAC Certification under this program would enable the TRACER 1000 to be sold to airports throughout Europe and other non-U.S. countries. Testing under this program kicked off this month and we anticipate feedback in the coming months.

 

There is no assurance that any of the further steps detailed in the milestones mentioned above will be achieved or that our technology will be approved by any of the programs listed.

 


The following information was filed by Astrotech Corp (ASTC) on Monday, September 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Astrotech Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Astrotech Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

FREE Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account