Astrotech Corporation (Nasdaq: ASTC) ("Astrotech" or the "Company"), a science and technology company with prior deep operational spaceflight heritage, today announced that it has submitted a proposal to NASA under the agency's Commercial Lunar Payload Services 2 ("CLPS2") program. Astrotech's Phase 1 proposal seeks approximately $20 million in non-dilutive NASA funding to support the initial stage of a proposed lunar technology demonstration program. The Company estimates that it would seek additional NASA funding from the CLPS2 program for this initiative if fully implemented and authorized by NASA. CLPS2 is structured as a multiple-award procurement program for commercial payload delivery and related mission services, with a reported budget for all awarded contracts of up to $10 billion.