On September 17, Memry Corporation, which is considered a leading provider of synthetic components to the medical industry, reported revenues for the fiscal year 2007. In accordance with the press-release published at CNNMoney.com – Memry Corporation FY 2007 Revenues, the Corporation’s net revenue for the year 2007 has accounted at about $51.7M, while last fiscal year it was roughly $52,6M. 2007 net income of Memry Corporation is $317,000, or $0.01 per share.Robert Belcher, Chief Executive Officer of Memry Corporation, has admitted that it was an extremely difficult year for Memry, but during the last fiscal quarter the sales went up and the prospects for the business look promising. “Our research and development initiatives have been a strong focus and point of investment in 2007 as we plan for Memry’s future growth”, he commented.

Memry Corporation is one of the biggest National companies that provide design, development, engineering, and manufacturing segments to the medical device and other industries that use nitinol and polymer components. The corporation was founded in 1983 in Stamford, Connecticut, with the aim to develop commercial applications for the emerging shape memory alloy business. From less than twenty employees in 1995, Memry Corporation today has expanded to more than two hundred and twenty employees working in their two basic locations – Bethel, Connecticut and Menlo Park, California. Currently, Memry’s products include stent and catheter components, guidewires, laparoscopic surgical devices, orthopedic instruments, and other high-tech medical equipment, devices, and instruments. It is also providing state-of-the-art design and other services of shape memory technology to the domains other than the medical industry, such as defence, telecommunications, and automobile markets.

More detailed information about Memry Corporation.
For those who are interested in the investment profile on Memry, please, visit Memry Profile.
Memry Corporation press-releases, current price quotes, and other valuable information for investors can be found at Hawk Associates Inc. or American Microcap Institute.
If you want to receive notifications on future Memry news releases, please, sign up at Hawk Associates Client E-mail Alert Signups.