The Webster commercial space services firm said Praemittias, an Englewood, Colo.-based defense contractor, will market the miniature mass spectrometer technology that detects, identifies and analyzes potentially dangerous explosives and other harmful materials and precursors.
Under the terms of the license, Praemittias has agreed to produce sales of $10 million in 2008, $50 million in 2009, and $100 million in 2010 for Spacehab (NASDAQ: SPABD).
The technology is the first product to come out of Spacehab's wholly owned subsidiary, Spacetech.
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source: bizjournals.com
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