Astrotech Buys Assets Of Image Trends

Austin-based Astrotech Corporation, which commercializes space technology, said today that it has acquired the key assets and intellectual property of Image Trends, in a bankruptcy auction. Financial terms of the deal were not disclosed. Astrotech said that its has created a new company, Astral Images, which will use those assets for a film-to-digial conversion process for the Ultra High Definition 4K standard.