Astrotech Announces Annual Meeting of Shareholders

Astrotech Announces Annual Meeting of Shareholders

AUSTIN, Texas, April 14, 2014 (GLOBE NEWSWIRE) -- Astrotech Corporation
("Astrotech" or the "Company") (Nasdaq:ASTC), a leading provider of commercial
space services, today announced that its Board of Directors has set the date
for the Company's Annual Meeting of Shareholders (the "Annual Meeting") as
well as the record date for shareholders eligible to vote at the meeting.

The Annual Meeting will be held on Thursday, June 26, 2014 at 9:00 am (Central
Time) at 221 West 6^th Street, 21^st Floor in Austin, Texas. Shareholders of
record as of the close of business on May 9, 2014 will be eligible to vote at
the meeting.

The items of business are:

1. election of directors;

2. ratify Ernst & Young, LLP as independent auditors; and

3. approve additional shares of common stock for employee compensation.

Additional information about the Annual Meeting will be contained in the
definitive proxy statement (SEC Form DEF14A) which will be filed with the U.S.
Securities and Exchange Commission on or about May 23, 2014 and in the proxy
materials that will be mailed to Astrotech's shareholders on or about May 23,

Because many Astrotech shareholders are unable to attend the Annual Meeting,
the Board of Directors solicits proxies to give each shareholder an
opportunity to vote on all matters scheduled to come before the meeting as set
forth in the proxy statement. After May 23, 2014, voting can be completed by
returning the proxy card via mail, by calling 1-866-390-5376 or by going
online at All proxies voted by internet or telephone
must be submitted by 5:00 p.m. (Eastern Time) on June 25, 2014 in order to be

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^st Detect 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.

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 Astrotech'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. Astrotech assumes no obligation to update these
forward-looking statements.

CONTACT: Joshua Elbaum
         Astrotech Corporation

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