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. Dandeneau
Number of Employees 363
Contact Information

3 Berkshire Blvd

Bethel, Connecticut 06801

www.memry.com

(203) 739-1100

NAICS Code Surgical and Medical Instrument Manufacturing: 339112

News & Analysis

memry corp. - All News and Analysis

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