Astrotech Stock Surges On First Purchase Order For Checkpoint Security

  • Astrotech Corp ASTC subsidiary 1st Detect has secured a purchase order for its TRACER 1000, representing the first units deployed at an airport security checkpoint. The financial terms of the order were not disclosed.
  • The TRACER 1000 explosives trace detector (ETD) will now be operating in fifteen locations in ten countries throughout Europe and Asia.
  • The TRACER 1000 is a mass spectrometry-based ETD to have received European Civil Aviation Conference (ECAC) certification for checkpoint and cargo security.
  • "As air travel spending begins to return to normal following the slowdown caused by the COVID-19 pandemic, we are seeing renewed interest in checkpoint use for the TRACER 1000 ETD," commented Thomas B. Pickens, Chairman and Chief Executive Officer of 1st Detect.
  • Price Action: ASTC shares are trading higher by 8.65% at $1.13 during the premarket session on Wednesday.

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