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.

Posted In: BriefsNewsPenny StocksMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.