Boston, MA — September 2008 — Covington Associates announced today it acted as financial advisor to Memry Corporation (AMEX: MRY), a provider of design support, engineering, development and manufacturing services to the medical device industry and other industries using the company's proprietary technologies, in its sale to SAES Getters. This is the fifth in a series of recent transactions that Covington Associates has advised on in the outsourced manufacturing space.

SAES Getters, headquartered in Milan, Italy, is a leader in a variety of scientific and industrial applications where stringent vacuum conditions or ultra-pure gases are required.

Following the signing of the Agreement and Plan of Merger, announced on June 24, 2008 and approved at the special shareholders meeting of Memry Corporation held on September 29 (today) in Bethel, CT., Saes Devices Corp., a Delaware corporation, has been merged with and into Memry Corporation, with the latter as the surviving company. Memry Corporation's shares are no longer listed on the American Stock Exchange and Memry is now a wholly-owned U.S. subsidiary of SAES Getters International Luxembourg S.A.

The purchase price was $78.4 million in cash, resulting in a consideration of $2.53 for each share of Memry Corporation's common stock.

Benjamin Dunn, Managing Director at Covington Associates, said, "The Memry transaction is an exciting one.  As a cross border deal, it brings a new international player into the rapidly evolving medical product outsourcing sector.  This transaction is further evidence of the dynamic changes occurring in the industry as outsourcing providers seek ways to deliver a new range of services to the medical device community.  The acquisition of Memry by SAES Getters is one of several recent transactions where Covington has acted as an advisor to a medical product outsourcing business."

Massimo della Porta, SAES Getters chief executive officer, said, "We are very excited by this acquisition, a significant step forward in our announced strategy of growth and diversification in the advanced materials market. SAES Getters has long been committed to growth, both organic and inorganic. With the acquisition of Memry, a new leading player will now be competing in the shape memory alloy medical device market, which is strongly anti-cyclical compared with the ups and downs of the world economy. This will be an excellent complement to our traditional business, granting us the possibility of exploiting technical, scientific and operating synergies as well as leveraging our international network. This market shows significant growth rates in the U.S. and in the rest of the world, where the strong international network of SAES has been successfully competing for years. Memry owns a range of leading edge technologies that perfectly integrate with SAES Getters activities in the shape memory alloy sector for industrial applications, which will accelerate our expansion in this field. SAES Getters is strongly committed to building our advanced materials business. To achieve this goal, we expect the contributions and expertise of the management and employees of Memry will be significant."

About Memry Corporation
Memry Corporation, headquartered in Bethel, CT, 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.

To learn more about Memry, visit www.memry.com.

About Covington Associates LLC
Covington Associates is a specialty investment banking firm founded in 1991 serving business service, consumer, industrial, healthcare, and technology companies throughout the country.  Focused on mergers and acquisitions, debt and equity capital raising, debt and equity restructuring, and strategic advisory assignments for middle market companies, Covington Associates has completed hundreds of transactions ranging in value from $10 million to nearly $2 billion for both private and publicly traded companies.

To learn more about Covington Associates, visit www.covingtonassociates.com.



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