Astrotech Reports Final Results from Fiscal Year 2017 Annual Meeting of Shareholders

AUSTIN, Texas–(BUSINESS WIRE)–Astrotech Corporation (NASDAQ: ASTC) (the “Company”) reported the final
results of its fiscal year 2017 Annual Meeting of Shareholders held on
December 7, 2017 and reconvened on December 22, 2017. All proposals
passed, including Proposal 2 regarding the Company’s reincorporation
from the State of Washington to the State of Delaware.

About Astrotech

Astrotech Corporation (NASDAQ: ASTC) is an innovative science and
technology company that invents, acquires, and commercializes
technological innovations sourced from research institutions,
laboratories, universities, and internally, and then funds, manages, and
builds proprietary, scalable start-up companies for profitable
divestiture to market leaders to maximize shareholder value. Sourced
from Oak Ridge Laboratory’s chemical analyzer research, 1st
Detect develops, manufactures, and sells chemical analyzers for
use in the security, defense, healthcare, food and beverage, and
environmental markets. Sourced from decades of image research from the
laboratories of IBM and Kodak, Astral
Images sells film-to-digital image enhancement, defect removal
and color correction software, and post processing services providing
economically feasible conversion of television and feature 35mm and 16mm
films to the new 4K ultra-high definition (UHD), high-dynamic range
(HDR) format necessary for the new generation of digital distribution.
Sourced from NASA’s extensive microgravity research, Astrogenetix
is applying a fast-track, on-orbit discovery platform using the
International Space Station to develop vaccines and other therapeutics.
Demonstrating its entrepreneurial strategy, Astrotech management sold
its state-of-the-art satellite servicing operations to Lockheed Martin
in August 2014. Astrotech has operations throughout Texas and is
headquartered in Austin. For information, please visit www.astrotechcorp.com.

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, whether we can
successfully develop our proprietary technologies and whether the market
will accept our 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.

Contacts

Company Contact:
Astrotech Corporation
Nicole Conser,
512-485-9530
Marketing Director
or
IR Contact:
LHA
Investor Relations
Cathy Mattison and Kirsten Chapman, 415-433-3777
[email protected]