MCOR PROVES IT IS THE MODEL BUSINESS AND SCOOPS ULSTER BANK BUSINESS ACHIEVERS AWARD 2008

MCOR PROVES IT IS THE MODEL BUSINESS AND SCOOPS ULSTER BANK BUSINESS ACHIEVERS AWARD 2008
- SEVEN BUSINESSES FROM ACROSS THE ISLAND WIN AWARDS AT NATIONAL FINAL -

Mcor Technologies was crowned Ulster Bank Business Achiever 2008 at the national final of the awards, which took place in Dublin on Thursday 12th March. While Mcor took the overall title, six other leading businesses from across the island of Ireland were identified as winners in their individual award category. The businesses were presented their awards by Mary Coughlan TD, Tánaiste and Minister for Enterprise Trade and Employment.

Louth based Mcor Technologies Ltd was established in 2004 by brothers Dr Conor MacCormack and Fintan MacCormack. The company has recently launched its revolutionary 3D printer, the Mcor Matrix, the only printer in the world that can use A4 paper to make 3D objects. The Mcor Matrix uses breaking technology to print physical 3D models from digital data using paper, water based adhesive and a blade, so that models straight out of the machine have the appearance of a wood-carving. The Mcor Matrix is currently installed in several universities in Ireland and the UK and the company has recently received sales enquiries from Dyson, Nintendo and IBM. Turnover for the coming year is expected to be between €1.5 – 2 million.

The winning business in each category was selected from a shortlist of four companies, one from each province. Companies were judged on a variety of merits including sales performance, market share growth, company milestones, innovative new products or services and successful achievements by key personnel.

The 2008 Ulster Bank Business Achievers Award winners are:

Overall Winner
Ulster Bank Business Achiever 2008: Mcor Technologies

Category Winners
Ethnic Entrepreneurship Award 2008: Jaipur Group
Environmental / Sustainability Award 2008: Ecocem Materials Ltd
Community/Social Entrepreneurship Award 2008: CEOL Ireland
Business Going International 2008: The Gift Voucher Shop
Family Run Business 2008: Mash Direct Ltd
Best Business Start Up 2008: Almotech Ltd
One To Watch 2008: Mcor Technologies

Over 400 businesses north and south entered the 2008 Ulster Bank Business Achievers Awards which aim to recognise and reward business success, regardless of business offering, service, or location. Now in their 15th year, the awards are in association with the Irish Independent and Enterprise Ireland.

The National Judging Panel was made up of Pádraig O’Ceidigh, Chairman, Aer Arann, Liam Nellis, Chief Executive, Intertrade Ireland, Maeve Dineen, Business Editor, Irish Independent, Pat Maher, Executive Director, Enterprise Ireland, Maree Morrissey, Founder and Managing Director, Morrissey Media Ltd, Greg Byrne, Author and expert on Entrepreneurship and David Pierce, Director of Ulster Bank Corporate Markets.

Ulster Bank Business Achiever 2008, Mcor Technologies, will receive a comprehensive prize package including an Executive Education programme at Harvard University Business School, €50,000 worth of advertising space in the Irish Independent and two years membership of the Institute of Directors.

Presenting the winners with their awards, Ms Mary Coughlan TD, Tánaiste and Minister for Enterprise Trade and Employment said; “The quality of the Ulster Bank Business Achievers Award winners demonstrates the calibre of Irish business today and proves what can be achieved through hard work, determination and sectoral knowledge. Mcor Technologies has used an innovative business strategy and cutting-edge technology to create a much-needed product, which is already in demand. It is companies like Mcor that remind us how important it is that we invest in and bolster our knowledge economy.”

In congratulating the winners, Robert Gallagher, Chief Executive, Ulster Bank Corporate Markets commented: “It is vital that we reward the businesses who have battled fierce competition in crowded and difficult marketplaces to successfully provide their products and services. These seven businesses are an inspiration to start ups and entrepreneurs across Ireland as it is them, and companies like them, that will help drive our economy to recovery. I congratulate Mcor and the other winners for their dedication to making their businesses a success.”

“The wider business and banking community has an important role in supporting and nurturing the SME communities across the island of Ireland. We are also committed to ensuring the credit needs of businesses are met in these uncertain times with the recent announcement of our €1 billion commitment to the business community,” he added.

Receiving the award, Dr. Conor McCormack, founder of Mcor Technologies said; “We are delighted to have been named Ulster Bank Business Achiever 2008. It really is a testament to everyone involved who has believed in the company and worked hard to achieve our objectives. It is fantastic to accept an award that recognises this achievement.”

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