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Astrotech Secures First TSA-Approved TRACER 1000 Sale
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Astrotech Secures First TSA-Approved TRACER 1000 Sale

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Invest with Confidence:

An update from Astrotech ( (ASTC) ) is now available.

On January 23, 2024, Astrotech Corporation announced that its 1st Detect subsidiary has received a purchase order from Intuitive Research and Technology Corporation for its TRACER 1000 explosive trace detectors, valued at $429K, to be recognized in FY2025. This marks a significant milestone as the first TSA-approved sale of the TRACER 1000, positioning Astrotech to introduce its mass spectrometry-based trace detection technology to the U.S. cargo market, potentially enhancing its industry standing.

More about Astrotech

Astrotech Corporation (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. Its subsidiary, 1st Detect, develops, manufactures, and sells trace detectors for the security and detection market. Astrotech is headquartered in Austin, Texas.

YTD Price Performance: -1.17%

Average Trading Volume: 23,430

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $11.52M

For an in-depth examination of ASTC stock, go to TipRanks’ Stock Analysis page.

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