with crane company . for the national register listed property see crane and company old stone mill rag room . crane & co. inc. type private industry paper founded dalton massachusetts u.s. 1801 ; 215 years ago 1801 founder zenas crane henry wiswall and john willard headquarters boston massachusetts u.s. key people charles kittredge chairman ; stephen defalco ceo products currency paper and security features revenue 450 million usd 2012 number of employees 1 000 subsidiaries crane currency website crane currency crane & co. based in dalton massachusetts is a manufacturer of cotton based paper products used in the printing of national currencies passports and banknotes as well as for social stationery . crane remains the predominant supplier of paper for use in u.s. currency federal reserve notes . contents 1 history 2 motion 3 news 4 presidents ceos 5 see also 6 references 7 external links history edit stephen crane was the first in the crane family to become a papermaker buying his first mill the liberty paper mill in 1770 . 1 he sold currency type paper to engraver paul revere who printed the american colonies first paper money . in 1801 crane was founded by zenas crane henry wiswall and john willard . the company s original mill had a daily output of 20 posts 1 post 125 sheets . shortly after in 1806 crane began printing currency on cotton paper for local as well as regional banks before officially printing for the government . crane developed a method to embed parallel silk threads in banknote paper to denominate notes and deter counterfeiting in 1844 . in 1879 crane grew when winthrop m. crane won a contract to deliver u.s. currency paper to the bureau of engraving and printing in washington d.c. crane produced both the yellow issued in 1883 1884 and the white 1884 1894 watermarked security papers for the nation s postal notes . these early money orders were produced for sale throughout the postal system by the homer lee bank note company 1883 1887 the american bank note company 1887 1891 and dunlap & clarke 1891 1894 . in 1922 crane & co. incorporated with frederick g. crane elected as president . in 2002 crane purchased the company tumba bruk from the central bank of sweden riksbank and operates this today as crane ab . in 2015 crane announced that it would be turning over its stationery division to employees via a management buyout by the end of december . 2 motion edit crane s motion 3 security technology is being introduced into high denomination banknotes worldwide . the design involves a micro lens array interacting with graphics far smaller than any microprinting . sweden s 1000 kronor banknote released in 2006 was the first banknote to use crane s motion technology . a 2007 ap article 4 reveals that the us bureau of engraving and printing will use a new security thread containing 650 000 tiny lenses now believed to be over 1 million lenses per inch of thread 3 in the 100 bill design released on october 8 2013 . 5 in september 2008 crane initiated purchase negotiations with visual physics a subsidiary of nanoventions based in atlanta georgia . this purchase gave crane exclusive control of motion . news edit according to the times of malta the boston based currency printer will open a state of the art 100 million facility in malta maltese prime minister joseph muscat announced wednesday september 21 . 6 presidents ceos edit 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 present see also edit crane and company old stone mill rag room references edit crane s history . archived from the original on 2007 08 15 . retrieved 2007 09 16 . http www.berkshireeagle.com local ci 29225922 crane stationery division break off from currency operations a b crane currency technology . retrieved 2010 03 06 . 100 bill getting a high tech face lift . associated press . august 27 2007 . retrieved 2010 03 06 . federal reserve announces day of issue of redesigned 100 note . april 24 2013 . retrieved 2013 08 23 . ltd allied newspapers . currency printer to open 100m facility in malta prime minister announces . retrieved 2016 09 22 . external links edit official website levulis jim september 22 2016 . crane ceo talks foreign expansion and future of paper currency . wamc . retrieved september 25 2016 . retrieved from https en.wikipedia.org w index.php title crane % 26 co. & oldid 743919002 categories 1801 establishments in massachusettsbanknote printing companiescompanies based in massachusettsmanufacturing companies established in 1801paper money of the united statespulp and paper companies of the united stateshidden categories official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search 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