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Astrotech

#10284

Rank

$9.66M

Marketcap

US United States

Country

Astrotech
Leadership team

Mr. Thomas Boone Pickens III (Chairman & CEO)

Mr. Jaime Hinojosa (CFO, Treasurer & Sec.)

Mr. Joe Levinthal (Chief Science Officer of AgLAB Inc.)

Products/ Services
Chemical, Information Technology, Semiconductor
Headquarters
Austin, Texas, United States
Established
1984
Company Registration
SEC CIK number: 0001001907
Revenue
500K - 2M
Traded as
ASTC
Social Media
Overview
Location
Summary
Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders. In addition, it develops AgLAB-1000, a mass spectrometer for use in the hemp and cannabis market. Further, the company develops BreathTest-1000, a breath analysis tool to screen for volatile organic compound metabolites found in a person's breath. The company was formerly known as SPACEHAB, Inc. and changed its name to Astrotech Corporation in 2009. Astrotech Corporation was incorporated in 1984 and is based in Austin, Texas.
History

Astrotech Corporation

Astrotech Corporation was established in 1984. Prior to 2009, it was known as SPACEHAB, Inc., a company that provided space habitat microgravity experimentation equipment and services to NASA during the Space Shuttle era. As the Shuttle program came to an end, the company put more focus on its spacecraft processing business, Astrotech Space Operations, Inc. , its mass spectrometer instrumentation business, 1st Detect, Inc. and its microgravity vaccine development company, Astrogenetix, Inc. In August 2014, the company sold Astrotech Space Operations. In February 2015, the company acquired defect correction software and Astral Images Corp. was created to commercialize government funded satellite imagery processing technology and research into automated image correction and enhancement.

Spacehab

Spacehab was founded in 1984 by Bob Citron with the help and support of CSP Associates from Cambridge, Massachusetts. The team from CSP Associates included founder David W. Lippy along with his partners Brad Meslin and Marc Oderman. It was one of CSP's consultants, Dr. David Williamson who conceived of the idea to increase the cargo space on the Shuttles as the primary focus of the Spacehab mission. Early venture capital was supplied by Al Zesiger of BEA Associates in New York City as well as Dr. Shelley Harrison also from New York. CSP Associates and its venture contacts were responsible for raising most of the early seed monies to get the company off the ground and funded. Throughout its more than 20-year history, Spacehab has contracted over $1 billion dollars in total sales.

Spacehab hardware for Space Shuttle missions

Spacehab hardware consists of:

Integrated Cargo Carrier , unpressurized

External Stowage Platform , an ICC variant

Logistics Single Module and Logistics Double Module

Single Module and Research Double Module , pressurizedThe Spacehab hardware was specifically designed to be nestled inside the cargo bay of the Space Shuttles and flew on a total of 22 Space Shuttle missions, including seven to the Russian space station Mir and eight to the International Space Station . The Single Module flew on seven missions, and the Research Double Module flew only on the ill-fated Columbia STS-107 mission, in which it was destroyed.

The inaugural flight of Spacehab's research double module, which launched January 2003 on STS-107, ended when the Space Shuttle Columbia broke up during re-entry. In January 2004, Spacehab filed a formal claim against NASA for the amount of $87.7 million for the loss caused by the Columbia disaster. In February 2003 Spacehab received $17.7 million from the proceeds of its commercial insurance policy, and in October 2004 NASA paid the company $8.2 million. In February 2007, Spacehab dropped all litigation against NASA.

Spacehab's ICC hardware has been further developed into the External Stowage Platform , which are permanently deployed on the ISS. The ESP-2 is currently attached to the International Space Station's airlock, providing the only permanent, commercial "spare parts" facility for the ISS crew. ESP-3 was deployed during Space Shuttle mission STS-118, on August 8, 2007.

Flights

Legend:

ESP - External Stowage Platform

ICC - Integrated Cargo Carrier

LDM - Logistics Double Module

LSM - Logistics Single Module

SM - Single Module

RDM - Research Double Module

Astrotech Space Operations

The Company changed its name to Astrotech Corporation in 2009 to align the corporate name with the company's core business offering, Astrotech Space Operation. ASO provides all support necessary for government and commercial customers to successfully process their satellite hardware for launch–including planning; construction and use of unique equipment and facilities; and spacecraft checkout, encapsulation, fueling, and transport.

Astrotech Corporation management sold ASO, its state-of-the-art satellite servicing operations, to Lockheed Martin in August 2014.

Mission
To provide innovative solutions and services to enhance the success of our customers in the space, aviation and defense markets.
Vision
To be the premier innovator in aerospace and defense solutions.
Key Team

Mr. Thomas Boone Pickens III (Chairman & CEO)

Mr. Jaime Hinojosa (CFO, Treasurer & Sec.)

Mr. Joe Levinthal (Chief Science Officer of AgLAB Inc.)

Recognition and Awards
Astrotech has been recognized with several awards and honors, including two NASA Group Achievement Awards in 2019 for its work on the Mars InSight mission launch.
References

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Astrotech
Leadership team

Mr. Thomas Boone Pickens III (Chairman & CEO)

Mr. Jaime Hinojosa (CFO, Treasurer & Sec.)

Mr. Joe Levinthal (Chief Science Officer of AgLAB Inc.)

Products/ Services
Chemical, Information Technology, Semiconductor
Headquarters
Austin, Texas, United States
Established
1984
Company Registration
SEC CIK number: 0001001907
Revenue
500K - 2M
Traded as
ASTC
Social Media