Stock Monitor: AAR Corp. Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 29, 2018 / Active-Investors.com has just released a free research report on Astrotech Corp. (NASDAQ: ASTC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ASTC as the Company's latest news hit the wire. On March 27, 2018, the Company announced that its subsidiary, 1st Detect, has received the Transportation Security Administration (TSA)'s approval for its new explosives trace detector (ETD), the TRACER 1000. It was accepted into the TSA's Air Cargo Screening Technology Qualification Test (ACSQT) program. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for AAR Corp. (NYSE: AIR), which also belongs to the Industrial Goods sector as the Company Astrotech. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Astrotech most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Major Step towards Inclusion on TSA's Exclusive ACSTL
Commenting on the TSA's approval, Thomas B. Pickens, Chief Executive Officer (CEO) of 1st Detect and Astrotech, stated that this represents a major step towards an inclusion on the TSA's exclusive Air Cargo Screening Technology List (ACSTL), and having the TRACER 1000 used at cargo facilities worldwide.
TRACER 1000 Enables Air Carriers to Stay Ahead of Evolving Threats While Optimizing Cargo Throughput
In 2007, the 9/11 Commission Act mandated that 100% of air cargo loaded onto passenger aircraft must be screened for explosives. The challenge of doing so has only increased in recent years, largely due to a worldwide increase in cargo traffic. With a virtually unlimited library of detectable threats and a near-zero false alarm rate, 1st Detect's next-generation, mass spectrometry-based ETD was designed to enable air carriers, freight forwarders, shippers, and independent cargo facilities to stay ahead of evolving threats while optimizing cargo throughput.
Astrotech Demonstrated TRACER 1000 to US and Foreign Government Agencies
In February 2018, the Company demonstrated 1st Detect's TRACER 1000 at Stand 529 at the Border Security Expo (BSE) in San Antonio, Texas. Astrotech looked forward to arming security forces worldwide with its advanced technologies, both to help combat the opioid epidemic and keep borders safe from terroristic threats.
In December 2017, following a successful demonstration with the Department of Homeland Security (DHS) and the TSA personnel, TRACER 1000 MS-ETD was demonstrated at Astrotech's annual meeting of shareholders.
About TRACER 1000 MS-ETD
TRACER 1000 is a mass spectrometer-based trace detector with a swab-based thermal desorption sample inlet system. The system is capable of detecting a wide range of explosive threats and common illegal narcotics, and can be customized for one's facility or agency's unique needs. The TRACER 1000 detects a wide variety of threats such as peroxides, HMEs, stimulants, and fentanyl, critical for increasing border and checkpoint security, improving civilian safety, and optimizing cargo and passenger throughput.
About 1st Detect
1st Detect develops, manufactures, and sells chemical analyzers for use in the airport security, military, food and beverage, and breath analysis markets. Its analyzers can identify chemicals with more accuracy and precision than competing analyzers, given their extreme sensitivity and specificity.
About Astrotech Corp.
Founded in 1984 and headquartered in Austin, Texas, Astrotech is an innovative science and technology development and commercialization Company. The Company invents, acquires, and commercializes technological innovations sourced from research institutions, laboratories, and internally, and then fund, manage, and build start-up companies for profitable divestiture to market leaders to maximize shareholder value.
Stock Performance Snapshot
March 28, 2018 - At Wednesday's closing bell, Astrotech's stock dropped 2.28%, ending the trading session at $2.57.
Volume traded for the day: 286.10 thousand shares, which was above the 3-month average volume of 104.21 thousand shares.
After yesterday's close, Astrotech's market cap was at $10.64 million.
The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry.
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