MEMRY CORP
8-K, 1997-05-05
MACHINE TOOLS, METAL CUTTING TYPES
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<PAGE>
 
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  April 16, 1997
                                                  --------------

                               Memry Corporation
                 ---------------------------------------------
             (Exact name of registrant as specified in its charter)
 
Delaware                        0-14068                    06-1084424
- -----------------------------------------------------------------------------
(State or other               (Commission                  (IRS Employer
 jurisdiction of               File Number)               Identification No.)
 incorporation)


            57 Commerce Drive, Brookfield, Connecticut        06804
            ----------------------------------------------------------
           (Address of principal executive offices)         (Zip Code)

Registrant's telephone number, including area code (203) 740-7311
                                                   ----------------

- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report)



                                                                     Page 1 of 5
<PAGE>
 
Item 5.   Other Events.
          ------------ 

     On April 16, 1997,  Memry Corporation, a Delaware corporation (the
"Company"), announced that it had received a two-year exclusive blanket purchase
order from United States Surgical Corporation for the supply of medical
instrument assemblies, commencing April 1, 1997.

     The Company's press release dated April 16, 1997 is filed herewith as
Exhibit 20 and is incorporated herein by reference.


Item 7.   Financial Statements and Exhibits.
          ----------------------------------

     20.  Press release of the Company dated April 16, 1997.


                                                                     Page 2 of 5
<PAGE>
 
                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                            MEMRY CORPORATION



Date: May 5, 1997                           By:/s/ James G. Binch
                                               --------------------
                                               James G. Binch
                                               President



                                                                     Page 3 of 5
<PAGE>
 
                                 EXHIBIT INDEX



Exhibit No.      Description of Document
- -----------      -----------------------


20.       Press release of the Company dated April 16, 1997. *



*    Filed electronically herewith.


                                                                     Page 4 of 5

<PAGE>
 
                                                                      EXHIBIT 20

                               MEMRY CORPORATION
                                   ANNOUNCES
                                SUPPLY AGREEMENT
                                      WITH
                           U.S. SURGICAL CORPORATION



     April 16, 1997 - Memry Corporation (MRMY - OTC Bulletin Board) of
Brookfield, Connecticut today announced receipt of a two (2) year exclusive
blanket purchase order from United States Surgical Corporation (NYSE: USS) for
the supply of medical instrument assemblies, commencing April 1, 1997. The
estimated value of such shipments is expected to exceed $7 million over the
period. The sub-assembly covered by the announced agreement was acquired by
Memry in 1996 as part of the acquisition of Raychem Corporation's shape memory
alloy materials and components business.

     According to Memry's Chairman, Mr. James G. Binch, "this commitment
reinforces our two companies' mutual effort to develop and commercialize cost
effective instruments utilizing shape memory and superelastic material. Memry
has a number of additional projects in earlier stages of development with major
medical product firms (including U.S. Surgical), which are rapidly contributing
to Memry becoming an important supplier to this industry." For further
information, please contact Investor Relations at Memry Corporation (203-740-
7311, ext. 144).


     ---------------------------------------------------------------------

Memry Corporation, headquartered in Brookfield, Connecticut is engaged in the
design, development and manufacture of various industrial, consumer and medical
materials and components utilizing share memory alloys, including such products
as laproscopic surgical assemblies, medical stents materials, cellular telephone
antenna components, anti-scald and other high performance valves, and an
extensive supply of nickel titanium strip, wire and tubing through its Menlo
Park, California facility. Through its wholly-owned subsidiary, Wright Machine
Corporation in Worcester, Massachusetts, Memry also provides custom machining
for industrial manufacturers of metal components utilizing screw machines and
various other precision machining equipment.



                                                                     Page 5 of 5


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