Peter Cannito: Redwire Adds Space Biotech Platform With Techshot Buy

Redwire (NYSE: RDW) has purchased microgravity biotechnology developer Techshot in a move to complement the former’s space infrastructure offerings.

Jacksonville, Florida-based Redwire said Tuesday that the transaction was in line with the company’s in-space manufacturing vision in low-Earth orbit.

Headquartered in Floyd County, Indiana, Techshot has a microgravity human tissue fabrication facility that uses 3D technology, an in-orbit X-ray machine and a multipurpose device for space research and manufacturing applications.

Peter Cannito, chairman and CEO of Redwire, said the acquisition marks a “leap forward in our vision for people living and working in space for the benefit of the terrestrial economy.”

Redwire went public in September after the company merged with Genesis Park Acquisition.

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