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Astrotech’s confirmed AgLAB Most Worth Course of™ delivers 32% common enhance in income
AUSTIN, Texas, Nov. 27, 2023 (GLOBE NEWSWIRE) — through IBN – Astrotech Company (NASDAQ: ASTC) (“Astrotech” or the “Firm”) and its wholly owned subsidiary, AgLAB, Inc., announce the presentation of the AgLAB Most Worth Course ofTM (“MVPTM”) at MJBizCon. This course of is a revolutionary course of management system confirmed to extend the efficiency of ending-weight yields and enhance income by a mean of 32%. MVPTM makes use of AgLAB’s proprietary mass spectrometer and testing methodology to offer real-time information and suggestions, permitting distillers to regulate the parameters (temperature, feed-rate, stress) and optimize the standard and amount of every batch of oil.
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MVPTM is the quickest and most correct testing methodology obtainable, offering as much as 20 assessments per hour and guaranteeing optimum steady processing. MVPTM is suitable with any of the thin-film, short-path, Molecular Distillation Techniques (MDS) working beneath excessive vacuum. MDS vacuum methods introduce challenges akin to vacuum leaks resulting in variations in pressures and temperatures, which can lead to losses of 20% to 55% in income. MVPTM solves these challenges by offering a fast and straightforward take a look at that recovers these losses and delivers larger potencies, higher coloration, and a mean of 32% enhance in yield.
“We’re proud to introduce the AgLAB MVPTM, a breakthrough know-how that’s extra correct and quicker than the HPLC. The AgLAB MVPTM could be very simple to be taught and use and has confirmed to greater than pay for itself beginning on the primary day of use. We consider it is a sport changer for the cannabinoid business and that every one cannabinoid processors will want AgLAB MVPTM to remain aggressive,” stated Tom Pickens, CEO/CTO of Astrotech.
MVPTM might be showcased on the AgLAB Sales space, Nov. 28 to Dec. 1, 2023, at MJBizCon, the No. 1 international hemp and hashish enterprise convention and tradeshow. Held yearly on the Las Vegas Conference Middle, MJBizCon options over 1,400 exhibitors and greater than 30,000 business executives from world wide.
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Concerning the AgLAB
AgLAB, Inc. has developed the world’s first ruggedized mass spectrometer that has been specifically designed for the chemical distillation of precious hemp and hashish oils. For extra info, please go to www.Astrotechcorp.com and www.AgLab.com.
About Astrotech
Astrotech is an progressive science and know-how firm that invents, acquires, and commercializes technological improvements whereas constructing scalable corporations to maximise shareholder worth. For extra info, please go to www.Astrotechcorp.com.
This press launch accommodates forward-looking statements which are made pursuant to the Secure Harbor provisions of the Personal Securities Litigation Reform Act of 1995. Such forward-looking statements are topic to dangers, tendencies, and uncertainties that would trigger precise outcomes to be materially totally different from the forward-looking assertion. These elements embrace, however should not restricted to, the antagonistic affect of inflationary pressures, together with vital will increase in gas prices, international financial circumstances and occasions associated to those circumstances, together with the continuing wars in Ukraine and the center east and the COVID-19 pandemic, the Firm’s use of proceeds from the frequent inventory choices, whether or not we are able to efficiently full the event of our new merchandise and proprietary applied sciences, whether or not we are able to receive the FDA and different regulatory approvals required to market our merchandise beneath growth in the US or overseas, whether or not the market will settle for our services and whether or not we’re profitable in figuring out, finishing and integrating acquisitions, in addition to different threat elements and enterprise concerns described within the Firm’s Securities and Change Fee filings together with the Firm’s most up-to-date Annual Report on Type 10-Ok. Any forward-looking statements on this doc needs to be evaluated in gentle of those necessary threat elements. Whereas we don’t intend to instantly harvest, manufacture, distribute or promote hashish or hashish merchandise, we could also be detrimentally affected by a change in enforcement by federal or state governments and we could also be topic to further dangers in reference to the evolving regulatory space and related uncertainties. Any such results might give rise to dangers and uncertainties which are at the moment unknown or amplify others talked about herein. Though the Firm believes the expectations mirrored in its forward-looking statements are cheap and are primarily based on cheap assumptions, no assurance might be provided that these assumptions are correct or that any of those expectations might be achieved (in full or in any respect) or will show to have been appropriate. Furthermore, such statements are topic to a variety of assumptions, dangers and uncertainties, lots of that are past the management of the Firm, which can trigger precise outcomes to vary materially from these implied or expressed by the forward-looking statements. As well as, any forward-looking statements included on this press launch signify the Firm’s views solely as of the date of its publication and shouldn’t be relied upon as representing its views as of any subsequent date. The Firm assumes no obligation to appropriate or replace these forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as required by relevant regulation.
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