Astrotech Corp Shares Up ~100% For The Session; Co. Earlier Announced Its 1st Direct Subsidiary Was Selected By The TSA To Conduct Live Screening With Its TRACER1000 Explosive Detection System

Astrotech Corporation's (NASDAQ:ASTC) 1st Detect subsidiary announced today that it was selected by the U.S. Department of Homeland Security (DHS) Transportation Security Administration (TSA) to conduct live

Benzinga · 11/14/2019 16:45

Astrotech Corporation's (NASDAQ:ASTC) 1st Detect subsidiary announced today that it was selected by the U.S. Department of Homeland Security (DHS) Transportation Security Administration (TSA) to conduct live screening with the TRACER 1000™ at Miami International Airport. The invitation was in response to the TSA Innovation Task Force (ITF) Innovative Demonstrations for Enterprise Advancement (IDEA) Broad Agency Announcement (BAA).

The ITF works in partnership with airports, airlines, and industry partners to foster innovation in aviation security. It was created to help find and deploy the very best technology for increasing security and improving the passenger experience. The ITF enables accelerated productization of innovative new technologies by deploying products in real-world environments and allowing for the collection of valuable operational field data and feedback.

"We are excited to be part of TSA's ITF program that introduces cutting edge technologies to live environments in the United States. This testing will help us further refine our product as we continue through the TSA certification and qualification process," stated Raj Mellacheruvu, Chief Executive Officer of 1st Detect. "Much like their counterparts the world over, we are confident that the security personnel at Miami International Airport will be pleased with the ability of the Tracer 1000 to detect explosives with near-zero false alarms, its low cost of ownership, and its near 100% operational uptime."