BNET Industries
Last Fiscal Year Sales:$51.6M
- Public
- US
Dow Jones Description
Memry was founded in 1983 in Stamford, Connecticut to develop commercial applications for the emerging shape memory alloy business. Originally focused on a family of copper-based shape memory alloys which were subsequently found to be inferior in performance for long term and demanding applications, the company shifted its focus in the late 80's to the nickel-titanium-based alloys, commonly known today as Nitinol. Memry's business model in the '80's was to develop proprietary end-user products and seek distribution for them via direct sales and agency relationships. Under new leadership beginning in 1992, the business model was altered to being an OEM supplier of semi-finished materials and engineered components fabricated from shape memory alloys for a wide range of customers serving the industrial, commercial, defense and medical device markets. In 1996, Memry acquired the intellectual property and manufacturing assets of Raychem Corporation involved with the shape memory business, including its manufacturing operations based in Menlo Park, California. Until the fall of 2000, Raychem marketed and sold all of Memry's output under the Raychem Tinel trade name, excluding only materials and components for the medical implant market and all company's shipments to United States Surgical Corporation. In the fall of 2000, the original agreements with Raychem (since acquired by Tyco Corporation) were modified regarding the marketing, sale and distribution of the products...
CEO & Chairman
James V. DandeneauNumber of Employees 363
Peer Companies
NAICS Code Surgical and Medical Instrument Manufacturing: 339112
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Popper & Sons, Inc. 300 Denton Avenue New Hyde Park, NY 11040 Phone: (800) 717-7677; (516) 248-0300 Fax: (516) 747-1188 E-mail: sales@popperandsons.com Web: www.popperandsons.com VITAL STATISTICS Year Founded: 1922 Number of Employees: 105 Number of Facilities: 2 Annual Sales: $13+...
Memry Corp., a supplier of advanced material components to the medical device industry, announced that its Menlo Park, CA facilities and its corporate headquarters in Bethel, CT have been awarded certification for ISO 13485:2003
Memry Corp., a supplier of advanced material components to the medical device industry, announced that its Menlo Park, CA facilities and its corporate headquarters in Bethel, CT have been awarded certification for ISO 13485:2003. Putnam Plastics Company, a Memry Corporation company located in Dayville, CT, also was granted ISO 13485:2003...
Memry Corporation Announces Receiving Tibbetts Award From The U.S. Small Business Administration
BROOKFIELD, Conn.--BUSINESS WIRE--Oct. 17, 1997--Memry Corp. (MRMY OTC Bulletin Board TM) today announced it received, in a Washington, D.C. ceremony yesterday, one of 68 Tibbetts Awards, presented annually to specific companies demonstrating excellence in the fulfillment of U.S. Small Business Innovation Research SBIR programs resulting in development of products or...
Memry Corporation announces supply agreement with U.S. Surgical Corporation
BROOKFIELD, Conn.--BUSINESS WIRE--April 17, 1997--Memry Corporation (MRMY - OTC Bulletin Board) today announced receipt of a two year exclusive blanket purchase order from United States Surgical Corporation (NYSE:USS) for the supply of medical instrument assemblies, commencing April 1, 1997. The estimated value of such shipments is expected...
Memry Corporation Announces Purchase Order from Progressive Angioplasty Systems, Inc
BROOKFIELD, Conn.--BUSINESS WIRE--Feb. 12, 1997--Memry Corporation (NASD OTC BB:MRMY) of Brookfield, Conn. today announced the receipt of a major commercial order for the supply of superelastic nickel titanium tubing to be utilized by Progressive Angioplasty Systems, Inc. PAS in the manufacture of their unique coronary angioplasty catheters. ...
Memry Corp. announces exclusive supply agreement for new line of Nicklaus Golf Clubs
BROOKFIELD, Conn.--BUSINESS WIRE--Jan. 30, 1996--Memry Corp. (MRMY-NASD OTC Bulletin Board), of Brookfield, today announced it is the exclusive supplier to Nicklaus Golf Equipment of West Palm Beach, Fla. of components to be used in a new line of wedges and a putter, trade named the IQR Insert line from Nicklaus...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Robert P. Belcher | CEO |
| Richard F. Sowerby | Chief Financial Officer and Treasurer |
| William H. Morton | Chief Operating Officer |
| Marcy MacDonald | Vice President Human Resources |
| Ming H. Wu | Vice President, Technology |
| Philippe Poncet | Vice President Business Development |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| James V. Dandeneau | CEO & Chairman |
| Organization | Position | Status |
|---|---|---|
| Memry Corporation | CEO & Chairman | Current |
| Memry Corporation | President | Current |
| Putnam Plastics Inc. | President | Former |
| Putnam Plastics Inc. | Founder | Former |
| Memry Corporation | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Memry Corporation | CEO | Current |
| Memry Corporation | Co-Chairman, Vice Chairman | Current |
| Memry Corporation | Chief Financial Officer | Former |
| Trinity Capital Corporation | Executive Vice President | Former |
| Associated Asset Management | Managing Director | Former |
| Memry Corporation | Vice President | Former |
| Memry Corporation | Board of Directors | Former |
| Vanderbilt University | MA In Economics | Former |
| Harvard Business School | MBA with high distinction | Former |
| Vanderbilt University | B.A. Degree | Former |
Sowerby has extensive experience in mergers and acquisitions, strategic planning, and capital structure development. Sowerby earned his B.S. in accounting from Pennsylvania State University and his M.B.A. in finance from Duquesne.
| Organization | Position | Status |
|---|---|---|
| Memry Corporation | Chief Financial Officer and Treasurer | Current |
| The Pennsylvania State University | B.S. In Accounting | Former |
In the early 1970's, Mr. Morton was an officer at the First National Bank of Boston (Bank Boston) and later became a member of the Investment Banking firm of Lazard Freres & Co. in New York. During the early 1980's, Mr. Morton became Chairman and Chief Executive Officer of HMS Marine, Inc. and acquired, with partners, Aquasport, Inc., Alcort Sailboats Inc. and King Marine Electronics. These companies were marine-related enterprises engaged in the manufacturing of sport/fishing powerboats fifteen to thirty feet in length, sailboats (producer of the well known Sunfish and Force Five models) and high quality marine electronics (once part of King Avionics, Bendix and Allied Signal), respectively. Mr. Morton was also: Co-founder and President of Morton/Russell Associates, Inc., a franchise of the HQ office services enterprise (Headquarters Company, Inc.); Co-founder and Chief Operating Officer of Coastal Aviation, a company established for the purpose of importing Aerospatiale general aviation aircraft into the U.S.(Coastal negotiated multi-year contracts with Aerospatiale and became respected for providing turnkey programs for flight schools and individual general aviation pilots). Mr. Morton was also Founder and President of the Risor Corporation, a private investment company, and a Co-founder of Corporate Health Examiners, a company specializing in providing annual physical and dental examinations to corporate executives in New York. Corporate Health Examiners became part of Life Extension Institute and the combined entity is now known as Executive Health Group). Since 1995, Mr. Morton has served as Senior Vice President and Chief Operating Officer of the Memry Corporation, an advanced materials company engaged in the business of developing, manufacturing and marketing semi-finished materials, formed components and sub-assembled products utilizing shape memory alloys, primarily nickel titanium ("nitinol"). Memry Corporation sells its products and services primarily to the medical device, telecommunications, aerospace and automotive industries. The Company has locations in Brookfield, Connecticut; Menlo Park, California and Herk-de-Stad, Belgium. Mr. Morton is presently a director of Deck House, Inc. Past directorships include; Aircraft Sales Corporation, Alcort Sailboats, American Business Assistance, Aquasport, Coastal Aviation, Corporate Health Examiners, ExcelAire Service, Inc., EZPetshop.com (now PetCareRx.com), HMS Marine, King Marine Electronics, Morton/Russell Associates and the Risor Corporation. Mr. Morton was a trustee of the Holderness School in Plymouth, New Hampshire for eighteen years. Mr. Morton holds a BA from Middlebury College.
| Organization | Position | Status |
|---|---|---|
| Memry Corporation | Chief Operating Officer | Current |
| Memry Corporation | Senior Vice President | Current |
| Iq Ventures, Inc | Managing Director of Iqvp | Current |
| Benchworks | Partner | Current |
| Benchworks | Executive Management | Current |
| King Marine Electronics | Current | |
| Aquasport Corporation | Current | |
| Ezpetshop | Current | |
| Petcarerx | Current | |
| Benchworks | Director | Current |
| Ourplane, Inc. | Director | Current |
| Benchworks | President, CEO | Former |
| Ourplane, Inc. | President | Former |
| Coastal Aviation, Inc. | Co-Founder and Chief Operating Officer | Former |
| Benchworks | Coo | Former |
| Ourplane, Inc. | Executive Vice President | Former |
| First National Bank of Boston | Officer | Former |
| Life Extension Institute | Former | |
| Middlebury College | BA | Former |
| Organization | Position | Status |
|---|---|---|
| Memry Corporation | Vice President Human Resources | Current |
| Memry Corporation | Board of Directors | Current |
| Memry Corporation | Director of Human Resources | Former |
| Pitney Bowes Inc. | director of benefits | Former |
| Memry Corporation | Active Member | Former |
| The State University of New York | B.A. | Former |
| State University of New York at Albany | B.A. | Former |
| Pitney Bowes Inc. | Member | Former |
| Organization | Position | Status |
|---|---|---|
| Memry Corporation | Vice President, Technology | Current |
| Asm Co | Board of Directors | Current |
| Asm Co | organizing committee member | Former |
| Naval Postgraduate School | Professor | Former |
| University of Illinois | Doctor of Philosophy, Materials Science & Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Memry Corporation | Vice President Business Development | Current |
| Raychem | Former | |
| Ecam | Degree | Former |
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