Exhibit 10.22



June 16, 2004



Pacific Financial Printing (Sublessor)

4020 Campbell Avenue

Menlo Park, CA 94025

Attention: Charlene Johnston



Mr. Albert Gounod (Lessor)

373 Alicia Way

Los Altos, CA 94022



Exercise one-year lease extension from 10/01/04-09/30/05 at 4020 Campbell Avenue, Menlo Park,
CA 94025. Approximately 10,000 Sq ft. (the Premises)



The undersigned, Memry Corporation (Sublessee) is subtenant of the Premises under that certain Standard Sublease dated February 3, 2000 (the Sublease). Your rights as tenant of the Premises (and other premises at the
same address) are governed by that certain Standard Industrial/Commercial Single-Tenant Lease dated February 14, 2000 and as extended to April 15, 2006 by Second Addendum to Lease dated December 31, 2000 (as so extended and renewed, the
Lease).



Memry Corporation (Sublessee)
is exercising the third of four 1-year extensions as contained in paragraph ( c ) of Sublease Extension dated April 12, 2001. As requested by Pacific Financial Printing, Sublessee will make monthly payments of $11,220, for a total of $134,640 (12
months Xs $11,220 per month), directly to the owner of 4020 Campbell Avenue Mr. Albert Gounod.



The terms and conditions of this extension will be applied if the 1 remaining extension is exercised.



|                              |  |                       |  |                                        |  |     |  |                      
|----------------------------- |  | --------------------- |  | -------------------------------------- |  | --- |  | ---------------------
|Agreed and Acknowledged:      |  |                       |  | Agreed and Acknowledged:              
|                              |  |                      
|Memry Corporation (Sublessee) |  |                       |  | Pacific Financial Printing (Sublessor)
|                              |  |                       |  |                                       
|By:                           |  | /s/ Robert P. Belcher |  |                                        |  | By: |  | /s/ Charlene Johnston
|Robert P. Belcher             |  |                       |  | Charlene Johnston                     
|Memry Chief Financial Officer |  |                       |  | Owner of Pacific Financial Printing   
|Date: 6/15/04                 |  |                       |  | Date: 6/25/04                         



|                                  |  |                     
|--------------------------------- |  | --------------------
|Agreed and Acknowledged: (Lessor)
|                                  | 
|By:                               |  | /s/ Albert M. Gounod
|Mr. Albert Gounod                
|4020 Campbell Ave. Owner         
|Date:                            



Memry Corporation



|                                                          |  |                                        
|--------------------------------------------------------- |  | ---------------------------------------
|Headquarters and Eastern Operations 3 Berkshire Boulevard |  | Western Operations 4065 Campbell Avenue
|Bethel, CT 06801                                          |  | Menlo Park, CA 94025                   
|Executive Offices 203-739-1100 Fax 203-798-6511           |  | 650-463-3400 Fax 650-463-3456          



Customer Service 866-Go
Memry / Fax 203-798-6606