Ricor cryogenics was founded in 1967 and since then it has focused on innovative technologies in the cryogenic field. The paper reviews the initial research and development efforts invested in various technologies that have yielded products such as Cryostats for Mossbauer Effect measurement, Liquid gas Dewar containers, Liquid helium vacuum transfer tubes, Cryosurgery and other innovative products. The major registered patents that matured to products such as a magnetic vacuum valve operator, pumped out safety valve and other innovations are reviewed here. As a result of continuous R and D investment, over the years a new generation of innovative Stirling cryogenic products has developed. This development began with massive split slip-on coolers and has progressed as far as miniature IDDCA coolers mainly for IR applications. The accumulated experience in Stirling technology is used also as a platform for developing self-contained water vapor pumps known as MicroStar and NanoStar. These products are also used in collaboration with a research institute in the field of High Temperature Superconductors. The continuous growth in the cryogenic products range and the need to meet market demands have motivated the expansion, of Ricor's manufacturing facility enabling it to become a world leader in the cryocooler field. To date Ricor has manufactured more than 120,000 cryocoolers. The actual cryogenic development efforts and challenges are also reviewed, mainly in the field of long life cryocoolers, ruggedized products, miniaturization and products for space applications.