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Astrotech Announces Annual Meeting Of Shareholders

AUSTIN, Texas, March 26, 2013 (GLOBE NEWSWIRE) -- Astrotech Corporation (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 as well as the record date for shareholders eligible to vote at the meeting.

The Annual Shareholders' Meeting will be held on Friday, April 26, 2013 at 9:00 am (Central Time) at 221 West 6 th Street, 21 st Floor, Austin, Texas 78701. Shareholders of record as of the close of business on March 7, 2013 will be eligible to vote at the meeting.

The items of business are:

i)    to elect six directors to the Company's Board of Directors;
ii)    to ratify the appointment of Ernst & Young as independent auditors for the Company;
iii)    to conduct an advisory vote on our executive compensation (the "Say-on-Pay" vote);
iv)    to conduct an advisory vote on the frequency of future Say-on-Pay votes (the "Say-on-Frequency" vote); and
 v)    to transact any other business properly brought before the meeting.

Additional information about the Annual Meeting is contained in the definitive proxy statement (SEC Form DEF-14A) filed with the U.S. Securities and Exchange Commission March 26, 2013 and in the proxy materials that will be mailed to Astrotech's shareholders on or about March 26, 2013. 

Due to the fact that 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. Voting can be completed by returning the proxy card via mail, by calling 1-866-390-5376 or by going online at www.proxypush.com/ASTC . All proxies voted by internet or telephone must be submitted by 5:00 p.m. (Eastern Time) on April 25, 2013 in order to be counted. 

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, while Astrogenetix, Inc. is a biotechnology company utilizing microgravity as a research platform for drug discovery and development.

CONTACT: Carlisle Kirkpatrick
         Chief Financial Officer
         Astrotech Corporation
         512-485-9530
         investor@astrotechcorp.com

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