A new quantum effect connected with the late time behavior of decaying states is described and its possible observational consequences are analyzed: It is shown that charged unstable particles as well as neutral unstable particles with non--zero magnetic moment which live sufficiently long may emit electromagnetic radiation. This mechanism is due to the nonclassical behavior of unstable particles at late times (at the post exponential time region). Analyzing the transition times region between exponential and non-exponential form of the survival amplitude it is found that the instantaneous energy of the unstable particle can take very large values, much larger than the energy of this state at times from the exponential time region. Based on the results obtained for the model considered, it is shown that this new purely quantum mechanical effect may be responsible for causing unstable particles produced by astrophysical sources and moving with relativistic velocities to emit electromagnetic--, $X$-- or $gamma$--rays at some time intervals from the transition time regions.