Astrotech Stock Surges On First Purchase Order For Checkpoint Security

Astrotech Corp ASTC subsidiary 1st Detect has secured a purchase order for its TRACER 1000, representing the first units deployed at an airport security checkpoint. The financial terms of the order were not disclosed.
The TRACER 1000 explosives trace detector (ETD) will now be operating in fifteen locations in ten countries throughout Europe and Asia.
The TRACER 1000 is a mass spectrometry-based ETD to have received European Civil Aviation Conference (ECAC) certification for checkpoint and cargo security.
"As air travel spending begins to return to normal following the slowdown caused by the COVID-19 pandemic, we are seeing renewed interest in checkpoint use for the TRACER 1000 ETD," commented Thomas B. Pickens, Chairman and Chief Executive Officer of 1st Detect.
Price Action: ASTC shares are trading higher by 8.65% at $1.13 during the premarket session on Wednesday.