ASTROTECH SUBSIDIARY AGLAB, INC. ANNOUNCES JOINT EFFORT WITH SC LABS
Astrotech Corporation (ASTC)
US:NASDAQ Investor Relations:
astrotechcorp.com/#!for-investors/c22sj
Company Research
Source: GlobeNewswire
AUSTIN, Texas, June 13, 2024 (GLOBE NEWSWIRE) -- AgLAB, Inc., (“AgLAB”) a subsidiary of Astrotech Corporation (NASDAQ: ASTC) (“Astrotech”, or the “Company”), and SC Labs announced today that the companies will be jointly marketing the AgLAB 1000-D2TM mass spectrometer and the AgLAB Maximum Value Process testing method (“AgLAB MVP”), to SC Labs customers. This comes with the companies entering into a master lease agreement. AgLAB has pioneered applications utilizing the Astrotech Mass Spectrometer Technology that are tailored to the hemp and cannabis markets. The AgLAB MVP method is designed to improve yields and bottom-line profits for hemp (CBD) and cannabis (THC) producers of distilled oils used in various products. Large scale oil producers typically use high vacuum molecular distillation systems (“MDS”) to produce the valuable oils that are used in lotions, pills, tinctures, and cartridges. Using the AgLAB MVP solution, manufacturers can analyze the oils during processing
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Sec Filings
- 9/20/24 - Form 10-K
- 9/19/24 - Form 8-K
- ASTC's page on the SEC website