Astrotech announces review of strategic alternatives

Astrotech’s (ASTC) Board of Directors has initiated a review of strategic alternatives in order to explore ways to maximize shareholder value. The review will include a range of potential actions, including raising equity capital, reverse mergers, combination transactions, and the sale of all or part of the Company’s business, and other possible strategic or financial transactions. “We remain confident in our differentiated mass spectrometry and gas chromatography technologies, and in the specific end market applications we have developed to create value in large end markets, such as explosives trace detection, narcotics trace detection, security screening, environmental testing and industrial controls. We continue to move forward with our strategic sales plans and advance relationships with customers around the world. However, we are also looking at strategic options that could allow us to more effectively scale our business and maximize value for our shareholders” said Thomas Pickens, CEO.