Latest news with #AstrotechCorporation
Business Upturn
01-08-2025
- Business
- Business Upturn
Astrotech Subsidiary 1st Detect Announces First Tracer 1000 NTD System Sale in Vietnam
AUSTIN, Texas , July 31, 2025 (GLOBE NEWSWIRE) — Astrotech Corporation (Nasdaq: ASTC), a provider of next generation security screening and detection technologies based on Mass Spectrometry ('Mass Spec'), today announced the first sale and deployment of its TRACER 1000™ Narcotics Trace Detector ('TRACER 1000 NTD™') in Vietnam, by way of its subsidiary 1st Detect. This milestone marks a significant step in expanding the 1st Detect footprint across Southeast Asia and reinforces its commitment to enhancing narcotics trace detection inspection capabilities in global emerging markets. 'This first NTD system in Vietnam demonstrates Astrotech's growing presence in Asia and the increasing trust commercial and critical infrastructure operators are placing in our advanced technology,' said Tom Pickens, CEO of Astrotech Corp. 'We are honored to support Vietnam's security modernization efforts with next generation Mass Spec based trace detection and comprehensive library capabilities to deliver the accuracy, breadth and speed needed to counter the global narcotics trade.' 'The global narcotics and explosives trace detection market is estimated at more than $7 billion1 and growing rapidly, driven by a strong demand for innovation as law enforcement and public safety agencies combat an ever growing range of drugs and explosives,' said Pickens. '1st Detect offers a highly differentiated solution that not only provides the precision and reliability of Mass Spec analysis to clearly and accurately identify a substance, but also a virtually unlimited library capability to support the detection of new concerns and threats as they are identified in this fast-evolving marketplace.' TRACER 1000 NTD™, designed for confirmatory trace narcotics detection, enables security authorities to detect threats, contraband, and illicit materials with near-zero false alarm rate. 1st Detect's goal is to ensure that detection is future proof and gives authorities confidence in its results due to the highly precise nature of the Mass Spec technology. Astrotech Corp. remains committed to providing innovative, scalable security solutions to partners across the globe and looks forward to further collaborations in the region. About 1st Detect Based in Austin, Texas, 1st Detect develops, manufactures, and sells trace detectors for use in the security and detection market. 1st Detect's explosive and narcotics trace detection feature a simple to use operating system designed specifically for security professionals. The TRACER 1000 ETD® and the TRACER 1000 NTD™ are rugged and portable to support security and detection in a variety of environments. For information, visit or contact [email protected]. About Astrotech Corporation Astrotech (Nasdaq: ASTC) is a mass spectrometry company that creates, operates, and scales innovative businesses through its wholly owned subsidiaries. Each subsidiary leverages Astrotech's core technology to serve specialized markets: 1st Detect develops, manufactures, and markets trace detection systems for security and narcotics screening applications. develops, manufactures, and markets trace detection systems for security and narcotics screening applications. AgLAB designs process analyzers tailored to the agriculture industry. designs process analyzers tailored to the agriculture industry. Pro-Control produces solutions for in-situ chemical process control in industrial manufacturing. produces solutions for in-situ chemical process control in industrial manufacturing. BreathTech is advancing a breath analysis platform to detect volatile organic compounds (VOCs) associated with infections and critical health conditions. is advancing a breath analysis platform to detect volatile organic compounds (VOCs) associated with infections and critical health conditions. EN-SCAN, Inc. delivers portable, ruggedized environmental testing solutions that integrate gas chromatography and mass spectrometry for use in challenging field environments. Astrotech is headquartered in Austin, Texas. To learn more, visit . Forward-Looking Statements This press release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, the adverse impact of inflationary pressures, including significant increases in fuel costs, global economic conditions and events related to these conditions, including the ongoing wars in Ukraine and the middle east, the Company's use of proceeds from the common stock offerings, whether we can successfully complete the development of our new products and proprietary technologies, whether we can obtain the FDA and other regulatory approvals required to market our products under development in the United States or abroad, whether the market will accept our products and services and whether we are successful in identifying, completing and integrating acquisitions, as well as other risk factors and business considerations described in the Company's Securities and Exchange Commission filings including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statements in this document should be evaluated in light of these important risk factors. While we do not intend to directly harvest, manufacture, distribute or sell cannabis or cannabis products, we may be detrimentally affected by a change in enforcement by federal or state governments and we may be subject to additional risks in connection with the evolving regulatory area and associated uncertainties. Any such effects may give rise to risks and uncertainties that are currently unknown or amplify others mentioned herein. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. In addition, any forward-looking statements included in this press release represent the Company's views only as of the date of its publication and should not be relied upon as representing its views as of any subsequent date. The Company assumes no obligation to correct or update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Company Contact: Jennifer Cañas Chief Financial Officer, Astrotech Corporation (512) 485-9530
Business Upturn
28-05-2025
- Business
- Business Upturn
Astrotech Corporation Appoints Jennifer Cañas as Chief Financial Officer
AUSTIN, Texas, May 28, 2025 (GLOBE NEWSWIRE) — Astrotech Corporation (Nasdaq: ASTC) (the 'Company' or ('Astrotech'), today announced that it has appointed Jennifer Cañas as Chief Financial Officer ('CFO') of the Company. Ms. Cañas' appointment is effective as of May 22, 2025. 'The Board is delighted to promote Ms. Cañas to Chief Financial Officer,' stated Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech Corporation. 'I have worked with Ms. Cañas since 2022 and have found her to be hard working, competent and knowledgeable. Management and the Board of Directors are excited to promote Jennifer to this position as she demonstrated strong leadership and delivered solid results over the years.' Ms. Cañas has served as the Company's Corporate Controller since June 2022. Ms. Cañas brings over 20 years of experience in senior financial roles. Prior to joining Astrotech, Ms. Cañas served as the Controller of The Texas Water Company, formerly SJWTX (NASDAQ: HTO, formerly SJW) from 2018 to 2022. In 2008, Ms. Cañas founded a small business tax and financial advisory firm, where she served as a Controller Consultant until 2022. She has extensive experience at Big Four accounting firm, PricewaterhouseCoopers, and mid-size accounting firms. The Company believes Ms. Cañas' background provides strategic financial leadership and deep accounting expertise essential to the role of Chief Financial Officer. Ms. Cañas is a Certified Public Accountant. She received her Bachelor of Science degree in accounting from the University of Houston – Clear Lake where she graduated with honors, Cum Laude. She actively volunteers with Big Brothers Big Sisters and has led Financial Peace University for several years, reflecting her dedication to community service and financial empowerment. 'I am honored to accept the role of CFO,' said Ms. Cañas. 'It has been exciting to see Astrotech Corporation develop over the years. I remain committed to leading our team with integrity and I look forward to contributing to our shared commitment of delivering value for our shareholders.' About Astrotech Corporation Astrotech (Nasdaq: ASTC) is a mass spectrometry company that launches, manages, and commercializes scalable companies based on its innovative core technology through its wholly owned subsidiaries. 1st Detect develops, manufactures, and sells trace detectors for use in the security and narcotics detection market. AgLAB develops and sells process analyzers for use in the agriculture market. Pro-Control produces products for the in-situcontrol of the chemical manufacturing processes. BreathTech is developing a breath analysis tool to screen for volatile organic compounds that could indicate infections or critical conditions. EN-SCAN, Inc. develops advanced environmental testing and monitoring solutions, integrating gas chromatography and mass spectrometry technology in rugged, portable designs for rugged environments. Astrotech is headquartered in Austin, Texas. For information, please visit Forward-Looking Statements This press release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, the adverse impact of inflationary pressures, including significant increases in fuel costs, global economic conditions and events related to these conditions, including the ongoing wars in Ukraine and the middle east and the COVID-19 pandemic, the Company's use of proceeds from the common stock offerings, whether we can successfully complete the development of our new products and proprietary technologies, whether we can obtain the FDA and other regulatory approvals required to market our products under development in the United States or abroad, whether the market will accept our products and services and whether we are successful in identifying, completing and integrating acquisitions, as well as other risk factors and business considerations described in the Company's Securities and Exchange Commission filings including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statements in this document should be evaluated in light of these important risk factors. While we do not intend to directly harvest, manufacture, distribute or sell cannabis or cannabis products, we may be detrimentally affected by a change in enforcement by federal or state governments and we may be subject to additional risks in connection with the evolving regulatory area and associated uncertainties. Any such effects may give rise to risks and uncertainties that are currently unknown or amplify others mentioned herein. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. In addition, any forward- looking statements included in this press release represent the Company's views only as of the date of its publication and should not be relied upon as representing its views as of any subsequent date. The Company assumes no obligation to correct or update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Company Contact: Jennifer Cañas, Chief Financial Officer, Astrotech Corporation, (512) 485-9530. Investor Contact: Matt Kreps, Managing Director, Darrow Associates, (214) 597-8200, [email protected]. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
28-05-2025
- Business
- Yahoo
Astrotech Corporation Appoints Jennifer Cañas as Chief Financial Officer
AUSTIN, Texas, May 28, 2025 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the 'Company' or ('Astrotech'), today announced that it has appointed Jennifer Cañas as Chief Financial Officer ('CFO') of the Company. Ms. Cañas' appointment is effective as of May 22, 2025. 'The Board is delighted to promote Ms. Cañas to Chief Financial Officer,' stated Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech Corporation. 'I have worked with Ms. Cañas since 2022 and have found her to be hard working, competent and knowledgeable. Management and the Board of Directors are excited to promote Jennifer to this position as she demonstrated strong leadership and delivered solid results over the years.' Ms. Cañas has served as the Company's Corporate Controller since June 2022. Ms. Cañas brings over 20 years of experience in senior financial roles. Prior to joining Astrotech, Ms. Cañas served as the Controller of The Texas Water Company, formerly SJWTX (NASDAQ: HTO, formerly SJW) from 2018 to 2022. In 2008, Ms. Cañas founded a small business tax and financial advisory firm, where she served as a Controller Consultant until 2022. She has extensive experience at Big Four accounting firm, PricewaterhouseCoopers, and mid-size accounting firms. The Company believes Ms. Cañas' background provides strategic financial leadership and deep accounting expertise essential to the role of Chief Financial Officer. Ms. Cañas is a Certified Public Accountant. She received her Bachelor of Science degree in accounting from the University of Houston – Clear Lake where she graduated with honors, Cum Laude. She actively volunteers with Big Brothers Big Sisters and has led Financial Peace University for several years, reflecting her dedication to community service and financial empowerment. 'I am honored to accept the role of CFO,' said Ms. Cañas. 'It has been exciting to see Astrotech Corporation develop over the years. I remain committed to leading our team with integrity and I look forward to contributing to our shared commitment of delivering value for our shareholders.' About Astrotech Corporation Astrotech (Nasdaq: ASTC) is a mass spectrometry company that launches, manages, and commercializes scalable companies based on its innovative core technology through its wholly owned subsidiaries. 1st Detect develops, manufactures, and sells trace detectors for use in the security and narcotics detection market. AgLAB develops and sells process analyzers for use in the agriculture market. Pro-Control produces products for the in-situcontrol of the chemical manufacturing processes. BreathTech is developing a breath analysis tool to screen for volatile organic compounds that could indicate infections or critical conditions. EN-SCAN, Inc. develops advanced environmental testing and monitoring solutions, integrating gas chromatography and mass spectrometry technology in rugged, portable designs for rugged environments. Astrotech is headquartered in Austin, Texas. For information, please visit Forward-Looking Statements This press release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, the adverse impact of inflationary pressures, including significant increases in fuel costs, global economic conditions and events related to these conditions, including the ongoing wars in Ukraine and the middle east and the COVID-19 pandemic, the Company's use of proceeds from the common stock offerings, whether we can successfully complete the development of our new products and proprietary technologies, whether we can obtain the FDA and other regulatory approvals required to market our products under development in the United States or abroad, whether the market will accept our products and services and whether we are successful in identifying, completing and integrating acquisitions, as well as other risk factors and business considerations described in the Company's Securities and Exchange Commission filings including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statements in this document should be evaluated in light of these important risk factors. While we do not intend to directly harvest, manufacture, distribute or sell cannabis or cannabis products, we may be detrimentally affected by a change in enforcement by federal or state governments and we may be subject to additional risks in connection with the evolving regulatory area and associated uncertainties. Any such effects may give rise to risks and uncertainties that are currently unknown or amplify others mentioned herein. Although the Company believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. Moreover, such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. In addition, any forward- looking statements included in this press release represent the Company's views only as of the date of its publication and should not be relied upon as representing its views as of any subsequent date. The Company assumes no obligation to correct or update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Company Contact: Jennifer Cañas, Chief Financial Officer, Astrotech Corporation, (512) 485-9530. Investor Contact: Matt Kreps, Managing Director, Darrow Associates, (214) 597-8200, mkreps@
