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Crane Currency

September 21. 2017 11:19AM
Crane offers a series of engaging visual effects on a banknote to increase the level of security and public trust. (Courtesy)

Crane Currency in Nashua (Allegra Boverman)

Crane Currency
1 Cellu Drive, Nashua

INNOVATION: Crane Currency supplies secure, durable banknotes for central banks all over the world. A pioneer in advanced micro-optics technology, Crane offers a series of engaging visual effects on a banknote to increase the level of security and public trust. Security features based on Crane micro optics have been specified by 41 central banks in 105 denominations.

LEADERSHIP: Stephen P. DeFalco joined Crane Currency as chief executive officer in 2011. He currently serves as chairman of the board of directors at Senseonics, a medical technology company, and on the MIT Sloan School North American Executive Board. Eric Ziegler is president of the Banknote and Technical Products Group, which is based in Nashua. He directs the International Currency business portfolio including banknotes, banknote paper and anti-counterfeiting security features.

Crane Currency in Nashua works with and makes banknotes from around the world using materials and techniques to keep them secure as well as durable. (Courtesy)

WORKFORCE: Employees with the Banknote and Technical Products Group of Crane Currency, located in Nashua, work in research and development, product management and the production of banknote security features. There are 150 employees working out of a 140,000-square-foot building. The company also has facilities in Boston and Dalton, Mass., Alpharetta, Ga., Tumba, Sweden and Hal Far, Malta.

HISTORY: The company was founded in 1801 by Zenas Crane, who started a paper mill in Dalton, Mass., catering to banks, printers and shopkeepers. Crane has continually supplied the United States Treasury with its currency paper since 1879. Crane acquired Technical Graphics Inc. in Milford in 2008, and moved the business to Nashua, where it has experienced rapid growth. 

COMMUNITY: The company sponsors a “Crane in the Community” program that encourages employee engagement in and support of the local community. Nashua employees have supported in-house donation drives for six organizations in the region and provided support for the local chapter of United Way through employee donations. In addition, the Crane Ambassador program provides charitable donations to organizations in which employees volunteer their time. Nashua employees supported 10 community organizations through this program. As a strong supporter of veterans, Crane recently conducted a Career Fair for Veterans and participates in a Transition Assistance Program at Hanscom Air Force Base in Bedford, Mass.

TECHNOLOGY: Crane Currency’s MOTION micro-optics security features have been universally recognized as the premier state-of-the-art counterfeit deterrent technology. After a decade of use in some of the world’s most valuable banknotes, MOTION has yet to be counterfeited or successfully simulated. The U.S. $100 bill features MOTION as its primary security feature and calls it the “3-D Security Ribbon.”

David McClintock, production supervisor

SPOTLIGHT: Central Banking Publications honored Crane with the Banknote and Currency Services Provider of the Year award for 2017. The judges recognized Crane’s ability to offer cutting-edge micro-optic security features integrated into state-of-the-art designs resulting in beautiful yet secure currency series.

HOT HIRE: David McClintock, production supervisor

McClintock and his wife, Celine, moved to New Hampshire from Michigan; they both grew up in Massachusetts. 

 “We love New England — the weather, oceans, mountains and winding roads,” said McClintock, 51, who has settled in New Ipswich. He was determined to find a job in southern New Hampshire because of its abundant job opportunities and small-town American culture. 

 “Crane Currency contacted me, and I was intrigued by what they do here,” he said. “When I sat down and talked to them I learned that they have many opportunities for growth, and I loved what they said about the company culture.”

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