Astrotech Announces Results of Annual Meeting of Shareholders

Astrotech Announces Results of Annual Meeting of Shareholders

AUSTIN, Texas, May 1, 2013 (GLOBE NEWSWIRE) -- Astrotech Corporation
(Nasdaq:ASTC), a leading provider of commercial aerospace services, today
announced the results of the Company's Annual Meeting of Shareholders held on
April 26, 2013.

The shareholders of the Company's common stock re-elected six directors to the
Company's Board of Directors. The Board of Directors now consists of Thomas B.
Pickens III, Mark E. Adams, John A. Oliva, William F. Readdy, Sha-Chelle
Manning and Daniel T. Russler, Jr.

In addition to electing the board of directors, Astrotech shareholders
ratified the appointment of Ernst & Young, LLP as independent auditors for the
Company, approved the compensation of our named executives ("Say-on-Pay") and
approved the frequency of future Say-on-Pay votes to be every 3 years.

Tabular presentation of the voting results from the Annual Meeting of
Shareholders follows the text of this press release.

About Astrotech Corporation

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
ASO business unit serves our government and commercial satellite and
spacecraft customers with pre-launch services on the eastern and western
range. 1st Detect Corporation is developing what we believe is a breakthrough
miniature mass spectrometer, while Astrogenetix, Inc. is a biotechnology
company utilizing microgravity as a research platform for drug discovery and

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, the ability
to expand ASO, the availability of capital for reinvestment in growth
initiatives, 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.

                                Tables Follow

16,384,665 shares or 84.08% of the Company's Common Stock were present in
person or by proxy at the meeting.

Proposal 1. To elect six directors to the Board of Directors of the Company to
serve for the respective terms prescribed by the Company's bylaws. All
director nominees were duly elected.

                      FOR        WITHHELD   BROKER
Thomas B. Pickens III  7,966,126  2,706,860 5,711,679
Mark E. Adams          7,716,717 2,956,269 5,711,679
John A. Oliva          8,026,260 2,646,726  5,711,679
Sha-Chelle Manning     8,028,770  2,644,216 5,711,679
William F. Readdy      9,102,209 1,570,777 5,711,679
Daniel T. Russler, Jr. 8,029,535  2,643,451 5,711,679

Proposal2. To ratify the appointment of Ernst & Young, LLP as independent
registered public accounting firm for the Company's fiscal year ending
June30, 2013. This proposal was approved.

16,003,366 97,732  283,567

Proposal3. To conduct an advisory vote on our executive compensation (the
"Say-on-Pay" vote). This proposal was approved.

9,489,455 1,102,979 80,551  5,711,680

Proposal4. To conduct an advisory vote on the frequency of future Say-on-Pay
votes (the "Say-on-Frequency" vote). Based upon the results set forth below,
the Board of Directors has determined that advisory votes on executive
compensation will be submitted to stockholders every three years until the
next required advisory vote on the frequency of shareholder votes on executive

1 Year    2 Years 3 Years   ABSTAIN BROKER NON-
4,275,365 288,041 6,042,819 66,760 5,711,680

CONTACT: Carlisle Kirkpatrick
         Chief Financial Officer
         Astrotech Corporation

Astrotech Corporation Logo
Press spacebar to pause and continue. Press esc to stop.