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Astrotech Reports Second Quarter of Fiscal Year 2019 Financial Results

Astrotech Corporation (NASDAQ: ASTC) reported its financial results for
the second quarter of fiscal year 2019 ended December 31, 2018.


The second quarter was a pivotal quarter for Astrotecha??s 1st
Detect subsidiary, which announced on December 12, 2018 that its TRACER
1000 passed the rigorous European Civil Aviation Conference (ECAC)
Common Evaluation Process (CEP) tests for airport checkpoint screening
of passengers. Subsequent to the quarter-end, on January 7, 2019, the
Company announced that the TRACER 1000 also passed the CEP tests for
airport cargo screening. Official ECAC Certification is expected in the
near-term, at which point, the Company can begin selling the TRACER 1000
to international airports.


"We are excited to have introduced our revolutionary new product, the
TRACER 1000, this quarter as the best solution available to overcome the
high false alarm problems with the currently used ion mobility
spectrometry technology. Our mass spectrometry technology delivers a
valuable near-zero false alarm rate that has the potential to earn
airports and airlines hundreds of millions in worldwide savings while
making airways safer and moving passengers through the security lanes
more efficiently,a?? stated Thomas B. Pickens III, Chairman and CEO of
Astrotech.


Second Quarter Fiscal Year 2019 Financial Highlights


Management continues efforts to optimize our resources while reducing
cost and adding financial flexibility.
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