Astrotech Corporation Appoints Eric Stober as Chief Financial Officer

Astrotech Corporation Appoints Eric Stober as Chief Financial Officer

AUSTIN, Texas, Nov. 14, 2013 (GLOBE NEWSWIRE) -- Astrotech Corporation
(Nasdaq:ASTC) today announced that it has appointed Eric Stober as Chief
Financial Officer ("CFO") of the Company. Mr. Stober's appointment is
effective as of November 14, 2013.

"The Board is delighted to promote Mr. Stober to Chief Financial Officer,"
stated Thomas B. Pickens III, Chairman and Chief Executive Officer of
Astrotech Corporation. "I have worked with Mr. Stober since 2008 and have
found him to be hard working, trustworthy, competent and
knowledgeable.Management and the Board of Directors are excited to promote
Eric to this position as he has excelled in every position held over the last
five and a half years."

Mr. Stober joined Astrotech Corporation in August of 2008 as a Senior Staff
Financial Analyst.In the same year, he was promoted to Principal Financial
Analyst and from 2012 to the present, Mr. Stober served as Vice President of
Corporate Development.Mr. Stober brings 14 years of experience in private
equity, finance and business start-ups.Prior to joining Astrotech
Corporation, he worked at the private equity firm Virtus Financial Group,
analyzing prospective middle market private equity investments.Additionally,
Mr. Stober founded or co-founded several companies, including a web
advertising company, a small business tax and financial advisory firm, a
sports-based media and entertainment company, and a service provider sourcing
company.He has helped numerous companies prepare business plans and raise
start-up or growth capital.Mr. Stober began his professional career working
for both The Ayco Company, a Goldman Sachs company, and Lehman Brothers, where
he helped wealthy individuals and families manage their investments, taxes,
insurance, estate plans, and compensation and benefits.

Mr. Stober has an MBA from the McCombs School of Business at the University of
Texas where he was the President of the MBA Entrepreneur Society. He also has
an undergraduate degree in finance from the University of Illinois where he
graduated with honors.

"I am honored to assume the role of CFO," said Mr. Stober. "It has been
exciting to see the opportunities at Astrotech Corporation develop over the
years and I look forward to continuing my contribution to our culture of
adding value for our shareholders."

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. 1^stDetect Corporation is developing what we believe is a breakthrough
miniature mass spectrometer, the MMS-1000™, while Astrogenetix, Inc. is a
biotechnology company utilizing microgravity as a research platform for drug
discovery and development.

CONTACT: Astrotech Corporation
         401 Congress, Suite 1650
         Austin, Texas
         512.485.9530
         fax:  512.485.9531
         www.astrotechcorp.com

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