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Astrotech unit signs OEM deal with Japan's Rigaku; shares jump

  • Astrotech (ASTC) unit 1st Detect has signed an OEM agreement with Tokyo-based Rigaku, which operates in the market for chemical analysis instrumentation, whereby the Japanese firm has integrated 1st Detect's OEM-1000PI mass spectrometer into its Thermogravimetric Analyzer.
  • 1st Detect's mass spectrometer can identify a wide variety of chemicals, including residues and vapors from plastics and polymers.
  • A couple of SA authors have published bullish articles about Astrotech in recent months, with John Litwinetz arguing the "long case" for the company in December and Inefficient Market saying in October that it was "significantly undervalued."
  • Astrotech shares are +13%. (PR)
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