AUSTIN, TX — Astrotech Corporation (Nasdaq: ASTC) announced today that its Board of Directors has appointed Thomas B. Pickens III to serve as its Chief Technology Officer (“CTO”) in conjunction with his current duties as Chief Executive Officer.

Tom Wilkinson, Astrotech’s lead independent director said, “The appointment of Tom Pickens as CTO more accurately reflects the dual roles he has been managing since the consolidation of our operations in Austin, Texas. He has consistently demonstrated his proficiency in identifying new applications for our Astrotech Mass Spectrometer Technology™ (the “AMS Technology”) and is key in the design of innovative sample collection and quantitation techniques.”

In 2017, Mr. Pickens oversaw the Company’s evaluation of possibilities around a point-of-care mass-spec breath analysis device using the AMS Technology. Due to the worldwide effects of the COVID-19 pandemic, the Company formed BreathTech Corporation and began the commercialization of the BreathTest-1000™ COVID-19 rapid detection device. During the development of this product, Mr. Pickens has been a valued team member in the discovery and development of the method to detect the compounds associated with COVID-19 lung infections. Moreover, Mr. Pickens led the effort that found and hired Dr. Karim Sirgi, MD, MBA and FCAP as BreathTech’s Chief Science Officer. Dr. Sirgi is helping lead our clinical trial and in vivo sample collection efforts with Cleveland Clinic and Mountain View Clinical Research.

Mr. Pickens also leads the team that is developing applications for the AMS Technology in the distillation of essential oils using molecular distillation systems, including the manufacturing of hemp and cannabis oils. Mr. Pickens has been instrumental in our process to accurately qualify and quantify chemical compounds using our technology. To commercialize this application, Mr. Pickens brought to the team Joe Levinthal, a distillation veteran with extensive mass spectrometry experience, as the Chief Science Officer at AgLAB Inc.

“I continue to be passionate in commercializing our existing and new applications while working with an excellent team to maximize the Company’s value,” Mr. Pickens stated.

About Astrotech Corporation

Astrotech (Nasdaq: ASTC) is a mass spectrometry company that launches, manages, and commercializes scalable companies based on its innovative core technology through its wholly-owned subsidiaries. 1st Detect develops, manufactures, and sells trace detectors for use in the security and detection market. AgLAB is developing chemical analyzers for use in the agriculture market. BreathTech is developing a breath analysis tool to screen for volatile organic compound metabolites that that could indicate they may have a bacterial or viral infection. Astrotech is headquartered in Austin, Texas. For information, please visit www.astrotechcorp.com.

About the AgLAB-1000™ and the BreathTest-1000™

This press release contains information about our new products under development, AgLAB-1000 and BreathTest-1000. Product development involves a high degree of risk and uncertainty, and there can be no assurance that our new products will be successfully developed, achieve their intended benefits, receive full market authorization, or be commercially successful. In addition, FDA approval will be required to market BreathTest-1000 in the United States. Obtaining FDA approval is a complex and lengthy process, and there can be no assurance that FDA approval for BreathTest-1000 will be granted on a timely basis or at all.