Executive Summary
Andor Technology plc. (Andor) is based in Belfast, Northern Ireland and operates at the high-value end of the global scientific digital camera market. Andor was setup in 1989 out of Queen's University in Belfast, and now employs over 200 people in 15 offices worldwide and distributes its products to 10,000 customers in 55 countries.
The principal business of Andor is the development and manufacture of high performance digital cameras. The founders of Andor, working in the Physics department of Queen's University, Belfast, found that the cameras then available were inadequate for their demanding applications, so developed their own. After using them in various imaging and spectroscopic applications they found they were being requested by researchers in other departments in Queen's and other universities. Andor was formed in 1989 to take advantage of these requirements.
The company has grown organically and is today the fastest growing company manufacturing high performance digital cameras. Andor Technology PLC was admitted to AIM on Friday 3rd December 2004 (the London Stock Exchange's Alternative Investment Market a global market for smaller, growing companies) and has commenced dealings in its Ordinary Shares.
