Astrotech Corporation Settles With Former CFO

Astrotech Corporation Settles With Former CFO

(Nasdaq:ASTC), a leading provider of commercial space services, announced
today that it has resolved all claims asserted by John Porter, former Chief
Financial Officer ("CFO ") of the Company.

On February 25^th, 2014, the company reported that the Derivative Lawsuit,
which Porter had asserted allegedly in a representative capacity, was
dismissed.Astrotech denied any claims that were asserted in the Employment
and Derivative Lawsuits.The company has reached a settlement of all claims
asserted by Porter in the Employment lawsuit bringing a close to the

"The Board is pleased to have this behind us," stated Thomas B. Pickens III,
Chairman and Chief Executive Officer of Astrotech Corporation. "While we
vehemently deny any claims by Mr. Porter, a settlement was in the best
interest of the company and its shareholders given the costs associated with
protracted litigation."

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: Joshua Elbaum
         Astrotech Corporation

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