ASTROTECH SUBSIDIARY AGLAB, INC. ANNOUNCES JOINT EFFORT WITH SC LABS

Core Insights - AgLAB, a subsidiary of Astrotech Corporation, and SC Labs have entered into a master lease agreement to jointly market the AgLAB 1000-D2TM mass spectrometer and the AgLAB Maximum Value Process testing method to SC Labs customers [1][3] - The AgLAB MVP method aims to enhance yields and profitability for hemp (CBD) and cannabis (THC) producers by allowing real-time adjustments during oil processing, potentially increasing ending-weight yields by an average of 20% [2][3] Company Overview - Astrotech Corporation specializes in mass spectrometry technology and operates through various subsidiaries, including AgLAB, which focuses on chemical analyzers for the agriculture market [6] - SC Labs is a leading multi-state cannabis and hemp testing laboratory in the U.S., known for its innovative testing solutions and commitment to safety and quality in cannabis products [7] Partnership Benefits - The collaboration between AgLAB and SC Labs is expected to provide SC Labs' customers with direct access to the AgLAB MVP solution, enhancing production efficiency and offering immediate returns [4] - The partnership aims to integrate analytical services into production facilities, addressing customer challenges beyond standard testing services [4]