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 manufactured by Memry, with Memry becoming the direct provider to the marketplace.

In the later portion of the decade, it became apparent that the medical device industry was becoming a significant “early adapter” of shape memory material technology due to the material’s ability to undergo severe shape changes and still fully recover when released, or in the case of medical devices, when deployed in the human anatomy, thus furthering the drive for minimally invasive procedures and instruments. Memry has participated fully in these developments with the addition of laser machining, welding, electropolishing and other proprietary manufacturing processes, allowing Memry today to be one of the very few companies in the shape memory industry able to not only process all of its own starting materials (wire, strip and seamless tubing) but also to add significant value to them all the way to a finished component or assembly able to be installed or loaded onto a complete medical device.

From fewer than twenty employees in 1995, Memry today has more than two hundred and twenty employees in our two primary locations – Bethel, Connecticut and Menlo Park, California, providing state-of-the-art design and manufacturing services associated with shape memory technology to defense, automotive, telecommunications and medical markets.