Austin, TX - April 05, 2022

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Astrotech Corporation (the "Company") appointed Jaime Hinojosa, 40, as Chief Financial Officer, Treasurer and Secretary of the Company, effective as of April 15, 2022. Mr. Hinojosa will perform the functions of the Company's principal financial officer. The Board of Directors of the Company has not yet determined the compensation payable to Mr. Hinojosa in connection with the commencement of his new roles as Chief Financial Officer, Treasurer and Secretary of the Company. The Company will file an amendment to this current report on Form 8-K within four business days of such determination.

Mr. Hinojosa joined Astrotech in 2015 and has served as the Company's Corporate Controller since 2019. His previous roles with the Company include Director of Finance from 2017 to 2019 and Assistant Controller from 2015 to 2017. Prior to joining Astrotech, Mr. Hinojosa worked as an Accounting Manager for O'Reilly Auto Parts (NASDAQ: ORLY) from 2010 to 2015 and gained public accounting experience as an Audit Manager at Burton McCumber & Cortez, LLP from 2005 to 2010. Mr. Hinojosa is a Certified Public Accountant and brings significant finance and public accounting knowledge to the Company.

There are no relationships between Mr. Hinojosa and the Company or any of its subsidiaries that would require disclosure pursuant to Item 401(d) or Item 404(a) of Regulation S-K.

On March 31, 2022, Eric Stober informed the Company of his resignation from his positions as the Company's Secretary, Treasurer and Chief Financial Officer, effective April 15, 2022. Mr. Stober's resignation is not in connection with any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

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