Crane Currency is a manufacturer of cotton paper products used in printing national currency, passport and paper money. Crane remains the sole supplier of paper for use in US currency (Federal Reserve Note).
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Histori
Stephen Crane was the first in the Crane family to become a paper maker, purchasing his first factory, "The Liberty Paper Mill", in 1770. He sold paper currency to Paul Revere, who printed the first American Colonies paper money. In 1801, Crane was founded by Zenas Crane, Henry Wiswall and John Willard. The company's original factory has a daily output of 20 posts (1 post = 125 sheets). Shortly afterwards, in 1806, Crane began printing currency on cotton paper for local, as well as regional, banks, before printing official for the government. In 1844 Crane developed a method for embedding parallel silk threads in banknote paper to denote records and prevent counterfeiting.
In 1879, Crane grew when Winthrop M. Crane won a contract to send US currency papers to Bureau of Engraving and Printing in Washington, DC To sustain the resources for this contract, Crane expanded its capacity with four new factories engineered by a well-known company in world. architect of the factory David H. Tower. The Tower, originally from Dalton will remain connected with the company's development throughout its career, having gained its first start in factory architecture working as an apprentice to rebuild the Zena Crane Red Mill in 1846. The cranes produce both yellows (issued in 1883 - 1884) and white letters of security (1884-1894) for national currency records. This initial money order was produced for sale across the postal system by Homer Lee Bank Note Company (1883-1887), American Bank Note Company (1887-1891), and Dunlap & amp; Clarke (1891-1894). In 1922, Crane & amp; Co. was founded, with Frederick G. Crane elected president.
In 2002, Crane purchased the Tumba Bruk company from the Central Bank of Sweden (Riksbank) and operates today as Crane AB.
In 2015, Crane announced that it would submit its stationery division to employees through "management purchases" by the end of December.
In 2016, Crane announced plans to build a new banknote printing facility and customer experience center in Malta. The facility will be 15,000 square meters in size and will have space for three print paths. The "advanced" $ 100 million facility was announced on Wednesday, September 21, 2016 by Maltese Prime Minister Joseph Muscat.
In 2017 Crane Currency is sold to Crane Company.
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Motion
Crane's Motion security technology is being introduced into high denomination banknotes around the world. The design involves an array of micro-lenses that interact with graphics that are much smaller than any microprinting.
The Swedish 1000 kronor banknote, released in 2006, was the first banknotes using Crane Motion technology. The AP 2007 article revealed that the US Carving and Printing Bureau will use a new security thread containing "650,000 small lenses" (now believed to be more than 1 million lenses per inch of yarn) in a $ 100 design released on October 8, 2013..
In 2008, Crane acquired Visual Physics, a subsidiary of Nanoventions, based in Atlanta, Georgia. This purchase provides exclusive control of Crane micro-communications security technology used for banknote protection.
President/CEO
- Frederick G. Crane (1922-1922)
- Winthrop M. Crane, Jr. (1923-1951)
- Bruce Crane (1951-1975)
- Benjamin J. Sullivan (1975-1986)
- Thomas A. White (1986-1995)
- Lansing Crane (1995-2007)
- Charles Kittredge (2007-2011)
- Stephen DeFalco (2011-2017)
- Annemarie Watson (2018-present)
See also
- Crane and Space Company of Old Stone Factory
References
External links
- Crane Currency
- Levulis, Jim (September 22, 2016). "CEO of Crane Speaking Foreign Expansion and Future of Paper Currency". WAMC . Retrieved September 25, 2016 .
Source of the article : Wikipedia
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