Memry offers wider range of tubing sizes, surface finishes and tolerances
BETHEL, Conn., Oct. 18 /PRNewswire-FirstCall/ --
Memry Corporation (AMEX:MRY), a leading provider of nitinol and polymer components to the medical device industry, announced today at the 2007 MD&M Minneapolis Expo, the official launch of its new expanded Nitinol Hybrid Tubing product line. This expanded tubing platform, with sizes ranges up to 10mm is the largest diameter and thinnest wall material offered in Memry's tubing portfolio.
"We have been unofficially marketing and offering this larger diameter nitinol tubing for the past few months," stated Bob Belcher, CEO of Memry Corporation. "Today marks a more official announcement and effort to promote the expanded capabilities this size range of tubing will offer our customers, more specifically for larger peripheral stents, endosurgical and orthopedic instrument and implant applications."
President and COO of Memry, Dean Tulumaris, added, "The Hybrid Tubing brand serves as a bookend to the range of our capabilities in nitinol tubing, which is widely used in a variety of self-expanding stents, guidewires, various catheters and other minimally invasive devices. Earlier this year we introduced our ultra-small diameter V2 tubing, so with these two distinct brands we feel that Memry is well-positioned to offer some of the widest range of tubing sizes, surface finishes and tolerances supplied to the medical device industry."
Through a unique manufacturing process utilizing a double core technique, Memry is able to offer thinner walls and tighter wall thickness control in the manufacture of the Hybrid Tubing.
"Ultimately the driver for any of our product offerings is to provide our customers with expanded design capabilities through the utilization of our technologies. The tighter wall thickness control means more uniform stent strut thickness after laser cutting for example," said Belcher. "Another benefit of this range of sizes now offered through this larger 6 to 10mm diameter platform is that there will be no need for subsequent shape setting heat treatments for certain end use applications."
About Memry Corporation
Memry Corporation provides design, engineering, development and manufacturing services to the medical device and other industries using the company's proprietary shape memory alloy and polymer extrusion technologies. Medical device products include stent components, catheter components, guidewires, laparoscopic surgical sub-assemblies and orthopedic instruments as well as complex, multi-lumen, multi-layer polymer extrusions used for guidewires, catheters, delivery systems and various other high-end interventional medical devices. Detailed information about Memry Corporation can be found at http://www.memry.com/.
An investment profile on Memry may be found at http://www.hawkassociates.com/mryprofile.aspx.
For more information, contact CFO Richard F. Sowerby at (203) 739-1100, e- mail: or Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: . Detailed information about Memry Corporation can be found at http://www.memry.com/. Copies of Memry Corporation press releases, SEC filings, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com/ and http://www.americanmicrocaps.com/. To receive e-mail notification of future Memry news releases, sign up at http://www.hawkassociates.com/email.aspx.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission.
DATASOURCE: Memry Corporation
CONTACT: Investor Relations, Frank N. Hawkins, Jr. or Julie Marshall, of
Hawk Associates, Inc., +1-305-451-1888,
Web site: http://www.memry.com/
http://www.hawkassociates.com/email.aspx