Shareholder

Table of Contents

I. Our Team

II. Letter to Shareholders

III. Industry & Company Profile

a. Strategy

b. Research & Development

c. Marketing and Pricing

d. Production

e. Human Resources

f. Finance

g. Financial Highlights

IV. Lessons Learned

V. Plans for the Future

VI. Questions

Andrews Sensors, Inc. Team

Will Hagerty, CEO

Kara Crowe, COO

Laura Black, CFO

Morgan Howard, President

Libby Burgher, Chairman

ANDREWS SENSORS, INC

To the Shareholders of Andrews Sensors, Inc:

This annual report highlights achievements we have reached in the past year and brings to light some of the negative issues that we would like to improve upon in the future of our corporation. Andrews Sensors, Inc. seized many opportunities of growth over the past 8 years. As we continue to refine our competitive position, we address specific possibilities to expand upon our leadership role in this industry. In the fiscal year 2020, we made progressive steps in low cost innovation, low-end saturation, and a high-grade bond rating to attract potential investors for future years.

Accomplishments in 2020:

* Exceedingly high bond rating of AAA over our competitors

* Ranked 3rd overall in the low-end segment market share with Able

* Smart investments that resulted in a labor cost reduction of 9.24%

In order to continue evolving our strategy we need to focus on accurate forecasting methods. If we forecast correctly, the outcome will consist of diminishing inventory carrying costs and stock outs. Thus, our full sales potential can be attained leading to a growth in sales as well as an enhanced competitive advantage.

We are looking forward to the 2021 fiscal year and hope to continue exceeding your expectations of the Andrews Sensors, Inc. Thank you for your continuous support and confidence in this corporation.

Sincerely,

The Andrews Team

The Andrews Team

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