ASTROTECH PRESS RELEASE
Space-age biotech company lands in Austin
The satellite and space research company Astrotech Corp. officially splashed down in Austin this week, with a private dinner for business leaders Monday night and a Wednesday night reception at the Long Center where the guests included a NASA executive.
The company, which provides services and products for the space industry and conducts space-based scientific experiments, moved from Houston to Austin this summer, but had stayed under the radar until recently.
“We just felt like Austin had a better feel for what we wanted to do in the future than we were experiencing at the time in Houston,” said CEO and Chairman Thomas Pickens III, the son of oilman T. Boone Pickens.
City boosters hailed the company’s arrival in Austin and the potential of biotech spinoffs to create more jobs.
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