NASA Awards Not-to-Exceed $16 Million Task Order Contract to Astrotech Space Operations- California

NASA Awards Not-to-Exceed $16 Million Task Order Contract to Astrotech Space
Operations- California

AUSTIN, Texas, Dec. 11, 2012 (GLOBE NEWSWIRE) -- Astrotech Corporation,
(Nasdaq:ASTC), a leading provider of commercial space services, today
announced that its Astrotech Space Operations (ASO) subsidiary has won a
Not-to-Exceed $16 million Infinite-Delivery/Indefinite Quantity (IDIQ) task
order contract for commercial payload processing services at Vandenberg Air
Force Base ("VAFB"), California.

Under the contract, Astrotech Space Operations will compete for future
missions NASA is planning for launch from VAFB. The contract ordering period
runs through December, 2017.

"We are proud to continue serving our NASA customer at Vandenberg AFB," stated
ASO General Manager Don M. White, Jr. "Astrotech VAFB is currently processing
the Landsat Data Continuity Mission, the seventh, and last mission on the
current IDIQ contract awarded in 2007."

In support of 2013 launches, ASO Florida will be processing NASA satellites
TDRS-K and TDRS-L as part of an ongoing Eastern Range IDIQ contract, added
White.

From Titusville, Florida, and Vandenberg AFB, California, Astrotech Space
Operations provides all support necessary for government and commercial
customers to successfully process their satellite hardware for launch,
including advance planning; use of unique facilities; and spacecraft checkout,
encapsulation, fueling, and transport. In its 31-year history, Astrotech has
supported the successful processing of more than 300 spacecraft.

About Astrotech Corporation and Astrotech Space Operations (ASO)

Astrotech is one of the first space commerce companies and remains a strong
entrepreneurial force in the aerospace industry. We are leaders in
identifying, developing and marketing space technology for commercial use. Our
Astrotech Space Operations (ASO) has been a global satellite processing leader
since 1981. With more than 300 successful spacecraft missions to date,
Astrotech continues to provide adaptable and flexible services for its
government and commercial customers. Astrotech Space Operations provides all
support necessary for successful spacecraft processing to prepare for launch
on a variety of domestic and foreign launch vehicles. Spacecraft undergo
pre-launch hardware integration and testing, satellite encapsulation, and
fueling before transport to the pad. Astrotech Space Operations business unit
serves our satellite and spacecraft customers with pre-launch services on the
eastern (Kennedy Space Center) and western (Vandenberg Air Force Base) range.

The Astrotech Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7456

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 the Company'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. The Company assumes no obligation to update
these forward-looking statements.

CONTACT: Carlisle Kirkpatrick
         Chief Financial Officer
         Astrotech Corporation
         512.485.9530
         IR@astrotechcorp.com

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