NASA Awards Astrotech Contract for DSCOVR Satellite Processing
AUSTIN, Texas, Oct. 23, 2013 (GLOBE NEWSWIRE) -- ASTROTECH CORPORATION
(Nasdaq:ASTC) and its Astrotech Space Operations subsidiary, leading providers
of commercial space services, today announced that NASA has awarded Astrotech
a contract to provide facilities and pre-launch processing services for the
Deep Space Climate Observatory (DSCOVR) mission to launch in late 2014.
DSCOVR is the second mission awarded under the previously announced $9.1
million NASA Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract with
Astrotech Space Operations-Florida.
The National Oceanic and Atmospheric Administration (NOAA) and the U.S. Air
Force also are partners on this mission scheduled to launch on a SpaceX Falcon
Orbiting one million miles from Earth, DSCOVR will provide advance warning for
severe solar storms that may adversely affect power grids, communications,
aircraft and GPS navigation on Earth as well as spacecraft operations.
"Just as current NOAA satellites monitor changing atmospheric conditions on
Earth, DSCOVR will monitor and warn us about harmful solar storms approaching
our planet," stated Astrotech Corporation CEO Thomas B. Pickens III. "We are
proud to be part of this important mission, which is also the first time
Astrotech will process a satellite for launch on a SpaceX rocket."
ASO Florida has provided payload processing for NASA satellites such as RBSP,
Juno, SDO, LRO/LCROSS, GRAIL and TDRS-K. TDRS-L will arrive for processing
later this year.Another space weather mission, MMS, is slated for mid-2014
From Titusville, Florida, and Vandenberg Air Force Base, California, Astrotech
Space Operations provides all support necessary for government and commercial
customers to successfully process their satellite hardware for launch,
including advanced planning; use of unique facilities; and spacecraft
checkout, encapsulation, fueling and transport.In its 31-year history,
Astrotech has supported the processing of more than 300 spacecraft without
impacting a customer's launch schedule.
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) Ranges.
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.
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