Spada brings over a decade of specialized trace detection expertise to accelerate the deployment of mass spectrometry technology across global security marketsAUSTIN, Texas, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) today announced that its subsidiary, 1st Detect Corporation (“1st Detect”), has appointed industry veteran, David Spada, as Director of Global Sales. This strategic hire strengthens 1st Detect's commercial leadership as the company scal ...

Core Viewpoint - Liberty Defense Holdings Ltd. is initiating a non-brokered private placement to raise between approximately C$3,120,000 and C$5,200,000 to support its strategic plan and meet increasing demand for its AI-based detection solutions for concealed weapons and threats [1][2]. Financing Details - The private placement will consist of a minimum of 12,000,000 units and up to a maximum of 20,000,000 units, priced at C$0.26 per unit [1]. - Each unit includes one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of C$0.35 [3][4]. - The offering is expected to close on or about December 19, 2025, subject to receiving subscriptions for the minimum amount and necessary approvals [8]. Use of Proceeds - Proceeds from the offering will be allocated to purchasing inventory for HEXWAVE technology production, investor relations, marketing initiatives, operating expenses, and general working capital [7]. Company Overview - Liberty Defense provides multi-technology security solutions for concealed weapons detection in high-traffic areas, with products like HEXWAVE, which utilizes active 3D radar imaging technology [11]. - The company has secured exclusive licenses from MIT for its technologies, enhancing its capabilities in the security and detection market [11].

Core Viewpoint - Liberty Defense Holdings Ltd. is initiating a non-brokered private placement to raise between approximately C$3,120,000 and C$5,200,000 to support its strategic plan and meet increasing demand for its AI-based detection solutions for concealed weapons and threats [1][2]. Group 1: Offering Details - The private placement will consist of a minimum of 12,000,000 units and up to a maximum of 20,000,000 units, priced at C$0.26 per unit [1]. - Each unit includes one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of C$0.35 for a period of 24 months post-closing [3][4]. - The offering is expected to close on or about December 19, 2025, subject to receiving subscriptions for the minimum amount and necessary approvals [8]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to purchasing inventory for HEXWAVE technology production, investor relations, marketing initiatives, operating expenses, and general working capital [7]. Group 3: Company Background - Liberty Defense Holdings Ltd. specializes in AI-based detection solutions for concealed weapons, with products designed for high-traffic areas requiring enhanced security [11]. - The company has secured an exclusive license from MIT for its HEXWAVE product, which utilizes advanced radar imaging technology for effective threat detection [11].

Summary of OSI Systems Conference Call Company Overview - OSI Systems operates in three divisions: Security, Health Care, and Optoelectronics [3][4] - The Security division, RapidScan Systems, accounts for over two-thirds of revenues and is a leader in security detection [4][5] Key Points and Arguments Security Division - The Security division is primarily known for aviation products but is experiencing rapid growth in cargo and border solutions, particularly in the U.S. and internationally [4][5][10] - The U.S. government has significantly increased funding for non-intrusive inspection (NII) technology, with a proposed budget of $1.1 billion, quadrupling previous expectations of $300 million [12][14] - International growth remains strong, with notable opportunities in the Middle East, Latin America, Asia, and Europe [10][12] Revenue and Growth - Recent contracts in Mexico have matured, leading to a 50% decline in revenues from that region, but overall security revenues increased by 10% [15][16] - The service revenue from the installed base in Mexico is expected to increase as products roll off warranty, leading to higher margins [16][21] - The life cycle of security products is approximately 7-10 years, with aftermarket service revenues potentially doubling the initial product sale [20][21] Optoelectronics Division - The Opto business has shown resilience during a destocking period, with a 15% growth in the last quarter [30][31] - Companies are increasingly looking to shift manufacturing away from China, presenting opportunities for OSI Systems due to its global manufacturing footprint [32] Health Care Division - A new patient monitoring platform is set to launch in summer 2024, which is expected to drive significant growth [34][36] - The health care division has the highest contribution margins, and improvements in top-line revenue could lead to higher operating margins [36] Cash Flow and Financial Outlook - Free cash flow conversion is expected to be strong, with significant cash generation anticipated in fiscal 2026 [41][42] - The company has a disciplined approach to capital allocation, focusing on M&A, stock buybacks, and debt reduction [52][53] Market Position and Competition - OSI Systems is the largest security detection company and continues to gain market share, particularly in ports and borders [66][68] - The company is exploring acquisitions primarily in the security and optoelectronics sectors, with a focus on bolt-on opportunities [62][63] Leadership Transition - A new CEO has been appointed from within the company, ensuring continuity in strategy and operations [69][70] Margins and Future Expectations - Margins in the aviation sector are expected to be comparable to those in the cargo and border sectors, with no anticipated negative impact on overall operating margins [72] Additional Important Points - The company is actively managing costs, with SG&A as a percentage of sales decreasing as revenues grow [49][50] - Tariffs are not expected to have a material impact on the business, with the health care division being the most exposed [56][57] - The company has adequate manufacturing capacity to meet growing demand without significant new investments [60][61]