Kelyniam Global Acquires Cranston Holdings, LLC

Kelyniam Global, Inc. (OTC: KLYG), an emerging medical device manufacturing company that recently was granted FDA 510(k) approval, announced today that it will acquire Cranston Holdings, LLC. Cranston Holdings, LLC has rapid prototyping operations in Connecticut, and its employees have tremendous knowledge and expertise in Stereolithography and multiple aspects of rapid prototyping for the medical industry. Kelyniam is a pioneer in the production of custom cranial implants utilizing computer aided design and computer aided manufacturing of advanced medical grade polymers. This addition significantly strengthens Kelyniam’s position in the medical device space and positions them as a company to watch.

“This acquisition will immediately add additional shareholder value by integrating Cranston’s employees and equipment into our infrastructure,” said James Ketner, president and CEO of Kelyniam. “Most importantly, Cranston owns an in-house developed proprietary software package that will assist us in our ISO 13485, 21 CFR 820 compliance, and that software package is now IP of Kelyniam.”

Chris Breault, former president of Cranston Holdings, LLC, stated, “We are pleased to join the Kelyniam team, and are excited about what we have seen with how dynamic Kelyniam can be implementing processes and controls. This is a great marriage of two companies that both have exceptional technology and capabilities.”

Mr. Breault will be joining Kelyniam’s Board of Directors, and will be in charge of Operations at Kelyniam’s new Engineering and Manufacturing facility in Canton Connecticut.

Cranston Holdings had revenues in 2010 of approximately $600,000 USD. The acquisition is for an equity swap for assets and revenues.

Kelyniam Global (OTC: KLYG), Inc. specializes in the use of CAD/CAM technology to provide patient specific custom implants to assist medical professionals by allowing them to operate more effectively, improve patient care, and reduce health care costs by providing the highest quality products available with today's technology. The company is continually researching and developing new products and processes to help patients live more active and productive lives.

For more information, visit:

Read 2744 times

Rate this item
(1 Vote)

Copyright © 2019 Prototype Today ®. All rights reserved.

|   Privacy Policy |   Terms & Conditions |   Contact Us |

All trademarks and registered trademarks are the property of their respective owners.

Additive Manufacturing Today