AUSTIN, Texas -- (Business Wire)
Astrotech Corporation (NASDAQ:ASTC) has received the approval from
14,835,132, or approximately 75% of its outstanding shares, to sell
substantially all of the properties and assets related to or used in the
Astrotech Space Operations business unit to a wholly-owned subsidiary of
Lockheed Martin Corporation for $61 million. 12,407,003, or
approximately 82% of shares that voted, also approved The Golden
Parachute Proposal by non-binding advisory vote. The final vote
tabulation was concluded as part of a Special Shareholders Meeting that
was held at 9:00AM CDT on August 20, 2014 in Austin, TX.
About Astrotech Corporation
Astrotech is a leader in identifying and commercializing space
technology for terrestrial use. 1st Detect Corporation is
developing what we believe is a breakthrough miniaturized mass
spectrometer, the MMS-1000™, while Astrogenetix, Inc. is a biotechnology
company utilizing microgravity as a research platform for drug discovery
and development. Both are entirely owned subsidiaries of the parent.
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, continued government
support and funding for key space programs, product performance and
market acceptance of products and services, as well as other risk
factors and business considerations described in Astrotech’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. Astrotech assumes no
obligation to update these forward-looking statements.
Contacts:
Astrotech Corporation
Joshua Elbaum, 512-485-9530
Source: Astrotech Corporation
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