Article: American Bank Note and Crane Announce Strategic Investment.

American Bank Note Holographics Inc. (ABNH), Elmsford, N.Y., and Crane & Co. Inc., Dalton, Mass., have announced a strategic relationship which includes a $9.3 million equity investment by Crane & Co. in ABNH. As a result of this investment, Crane & Co. will own 3,387,720 shares of Common Stock, or 19.9 percent of the outstanding Common Stock, of ABNH. The parties also have entered into a collaboration agreement, under which they have agreed to work cooperatively to develop new products.

Douglas A. Crane has been appointed to the ABNH Board of Directors and will serve on its Audit Committee. Douglas Crane is a seventh-generation descendant of Zenas Crane, the ...

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