Andrews Sensors had a successful 2021, retaining their position in the top third of the sensor industry. They launched a new high-end product called Array, which helped boost them to the top spot in that market. The company decreased operating overhead while continuing to invest in employee development. Looking ahead, Andrews Sensors aims to introduce a new high-end product every 3-4 years, lower costs through increased automation, and maintain their innovative approach.
2. To Our Stockholders
2021 was a good year!
We retained our standing in the top third of the
sensor industry
Continue to deliver strong operating performance
Came out with a new product, Array
This helped to boost us into the top spot in the
high-end market
Decreased operating overhead
Continued investment in staff development and
training, as our employees are the backbone of our
company.
3. Company Highlights
Operating Highlights
High automation
Decreased variable costs
We continue to phase out our less automated
product lines resulting in more savings in variable
costs
Stable employment through consistent operations
Turnover rate as low as 6.99%
4. Company Highlights
Research & Development Highlights
Maintaining our spot on the cutting edge
Rolled out our new product
Array was a big hit!
It bumped us to the top of high-end market share
Continued research and revision on existing lines for
current, reliable technology
Began research for a new product to roll out in 2024
We are thinking of calling it Axent
9. Our Future
It looks bright!
We have established market share in all three of our
target markets
Continue to gain momentum and maintain
dominance
Introduce a new high-end product every 3-4 years
Sales of Array have been phenomenal
Looks to be our next successful line
Prioritize lowering variable costs and increasing
automation
Keep thinking outside of the box to create the latest
in technological innovation