Astrotech is hiring industry veteran Joe Levinthal to lead AgLAB’s science team

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Austin, Texas – (BUSINESS WIRE) – Astrotech Corporation (NASDAQ: ASTC) announced today that its subsidiary AgLAB Inc. has hired Joe Levinthal, a hemp and cannabis industry veteran and mass spectrometry expert, as Chief Science Officer to lead AgLAB’s product development team.

Joe brings an extensive background in using highly complex scientific tools to develop hemp and cannabis products and has worked with some of the leading companies in the industry.

“As a consultant to AgLAB, I was very intrigued by the breakthrough technology that the AgLAB team developed. I am excited to join the team to help AgLAB advance its technology and bring several products to market that are very valuable additions to any hemp and cannabis extraction and distillation laboratory, ”said Levinthal.

AgLAB developed the AgLAB-1000-D2 to optimize the distillation of hemp and cannabis concentrates. Initial results show that we can improve the yield during the distillation process by providing the processor with information in near real time so that he can make the necessary adjustments. Other technologies are limited in their ability to provide information during the distillation process, and traditional methods rely on a very imprecise recipe to process a batch, often resulting in lower yields.

“We are excited to welcome Joe to our AgLAB team,” said Thomas B. Pickens III, Chairman and Chief Executive Officer of AgLAB and Astrotech. “Joe was a highly regarded resource of ours in the early stages of our development and an important addition to our team.”

About Astrotech Corporation

Astrotech (NASDAQ: ASTC) is a science and technology development and commercialization company that creates, manages, and builds scalable businesses based on innovative technologies to maximize shareholder value. AgLAB develops chemical analysis devices for the agricultural market. Astrotech is headquartered in Austin, Texas. More information is available at www.astrotechcorp.com.

This press release contains forward-looking statements under 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 differ materially from those expressed in the forward-looking statement. These factors include, but are not limited to, whether we can successfully develop our proprietary technologies and whether the market accepts our products and services, as well as other risk factors and business considerations outlined in the company’s SEC filings, including annual Report on Form 10-K. All 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.


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