Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of report (Date of earliest event reported): September 9, 2020


Astrotech Corporation

(Exact Name of Registrant as Specified in Charter)







(State or Other Jurisdiction

of Incorporation)



File Number)


(I.R.S. Employer

Identification No.)



2028 E. Ben White Blvd, Suite 240-9530, Austin, Texas



(Address of Principal Executive Offices)


(Zip Code)


(512) 485-9530

Registrant’s Telephone Number, Including Area Code


(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):



Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)







Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)







Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))







Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Securities registered pursuant to Section 12(b) of the Act:


Title of each class





Name of each exchange on which registered

Common Stock, $0.001 par value per share




The NASDAQ Stock Market, LLC




Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.






Item 8.01. Other Events.


On September 9, 2020, Astrotech Corporation issued a press release announcing its 1st Detect subsidiary achieved a milestone in the Transportation Security Administration’s Air Cargo Screening Technology Qualification Test’s non-detection testing. A copy of the press release is attached hereto as Exhibit 99.1.


Item 9.01. Financial Statements and Exhibits.


(d) Exhibits


99.1   Press release, dated September 9, 2020, issued by Astrotech Corporation.






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Astrotech Corporation








/s/ Thomas B. Pickens III





Thomas B. Pickens III



Chairman of the Board and Chief



Executive Officer



Date: September 10, 2020







Austin, Texas September 9, 2020

Astrotech Corporation’s (NASDAQ: ASTC) 1st Detect subsidiary announced today that the TRACER 1000™ passed the U.S. Transportation Security Administration’s (TSA) Air Cargo Screening Technology Qualification Test’s (ACSQT) non-detection testing. In addition to non-detection testing, once the TRACER 1000 passes detection testing, it will be listed on the Air Cargo Screening Technology List (ACSTL) as an “approved” device and thereby approved for cargo sales in the United States.


“Passing the non-detection test is an important milestone towards being listed on the ACSTL as an approved explosives trace detector (ETD) device,” stated Raj Mellacheruvu, Chief Executive Officer of 1st Detect. “We continue to sell the TRACER 1000 to the international cargo screening markets following the receipt of the European Civil Aviation Conference (ECAC) certification in 2019, and we are excited to get one step closer to being able to sell our product in the U.S. The TRACER 1000 represents the next generation ETD, and unlike its competition, has near-zero false alarms that provide substantial savings in secondary screening and an unlimited threat library that provides insurance against technology obsolescence.”


About Astrotech Corporation

Astrotech (NASDAQ: ASTC) is a science and technology development and commercialization company that launches, manages, and builds scalable companies based on innovative technology in order to maximize shareholder value. 1st Detect develops, manufactures, and sells trace detectors for use in the security and detection market. Astrotech is headquartered in Austin, Texas. For information, please visit www.astrotechcorp.com.


This press release contains forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, whether we can successfully develop our proprietary technologies and whether the market will accept our products and services, as well as other risk factors and business considerations described in the Company’s Securities and Exchange Commission filings including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. The Company assumes no obligation to update these forward-looking statements.


Company Contact: Eric Stober, Chief Financial Officer, Astrotech Corporation, (512) 485-9530