Astrotech board approves potential sale of 1st Detect subsidiary

Astrotech's board approved a potential sale process for its 1st Detect Corporation subsidiary, which develops the TRACER 1000 mass spectrometry-based explosives detection platform. The company aims to use proceeds from the sale to fund its lunar mining initiative, capitalizing on 1st Detect's regulatory approvals and market position as legacy ion mobility spectrometry technology is phased out.