Annual Results 2008: 16% revenue growth and 65% pre-exceptional pre-tax profit growth

Belfast, Northern Ireland, 12 November 2008

Andor Technology plc ("the Company" or "Andor") (AND.L), the leading developer and manufacturer of high performance digital cameras, this week announced preliminary results for the year ended 30 September 2008. Andor enables its customers to break new ground by performing light measurements previously considered impossible. With a portfolio spanning high-performance scientific digital cameras, spectrographs, and microscopy systems, Andor is a leader in scientific imaging and spectroscopy solutions.

Financial Highlights:

• Turnover up 16.2% to £24.7m (2007: £21.3m)
• EBITDA up 35.7% to £2.9m (2007: £2.1m)
• Operating profit up 56.7% to £2.12m (2007: £1.35m)
• Pre-exceptional PBT up 65.1% to £2.11m (2007: £1.28m)
• Pre-exceptional EPS up 47.6% to 6.45 pence (2007: 4.37 pence)
  

Operational Highlights:

• US OEM contract win expected to generate US$3m per annum
• Security contracts delivered and in test phase
• Systems division sales up 109% on prior year
• Mid-range camera products on target for 2009 delivery
• Record order book going into 2009
  

Commenting on the results Conor Walsh, Chief Executive, said:

"Twelve months ago we presented a roadmap for the Company that would reduce the exposure to single markets, seek out innovation and champion superior cost advantage to deliver growth and improved profitability. Today we report revenue growth of 16% and an increase in pre-exceptional profit before tax of 65%. Perhaps most encouraging is that many of the initiatives begun during 2008 are yet to deliver and this, together with a record order book, gives us confidence looking forward."