Astrotech’s 1st Detect awarded Homeland Security research, development contract

Astrotech’s (ASTC) 1st Detect Corporation, announced that the Company has been awarded a research and development contract 70RSAT24CB0000015 with the U.S. Department of Homeland Security to research, develop and mature the TRACER 1000 for DHS next generation explosives trace detection. The Contract is in support of the objectives stated in the DHS Long Range Broad Agency Announcement No. 18-01. According to the Announcement, the purpose of this technical research is to develop new and improved ETD capabilities to address the increasing number of threats and tactics used to evade detection. The research project is broken into two phases that each span 15 months. The contract has a total potential value of $1,290,650 for the entire 30-month duration of the project. The first phase is valued at $581,639. Phase 2, which is optional and contingent upon the successful completion of phase 1, is valued at $709,011. The exercise of Phase 2 depends on completion of specific deliverables.