1st Detect, An Astrotech Corp Subsidiary, Secures Significant Purchase Order For Additional Checkpoint Security Units; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Astrotech Corporation's subsidiary, 1st Detect, has received a significant order for seven TRACER 1000 explosives trace detectors to be used at a Romanian airport security checkpoint. The TRACER 1000, powered by Astrotech Mass Spectrometer Technology, is the first certified ETD using mass spectrometry, offering high resolution and near-zero false alarms. Financial terms were not disclosed.
November 13, 2023 | 2:06 pm
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Astrotech Corporation's subsidiary secures a significant order for its TRACER 1000 explosives detectors, indicating potential revenue growth and product validation.
The purchase order for Astrotech's subsidiary 1st Detect is likely to have a positive short-term impact on ASTC's stock price. The order signifies both revenue potential and market acceptance of the TRACER 1000 technology. The lack of financial details limits the ability to quantify the impact, but the announcement of increased sales and interest at the start of the fiscal year is generally a positive indicator for investors.
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