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The microstructure and shape memory characteristics of the Ni 50.3 Ti 34.7 Zr 15 shape memory alloy were investigated as a function of aging heat treatments that result in nanometer to submicron size precipitates. Microstructure-property relationships were developed by characterizing samples using transmission electron microscopy, differential scanning calorimetry, and load-biased thermal cycling experiments. The precipitate size was found to strongly influence the martensitic transformationprecipitate interactions and ultimately the shape memory characteristics of the alloy. Aging treatments resulting in relatively fine precipitates, which are not an obstacle to twin boundaries and easily bypassed by martensite variants, exhibited higher transformation strain, lower transformation thermal hysteresis, and better thermal and dimensional stability compared to samples with relatively large precipitates. When precipitate dimensions approached several hundred nanometers in size they acted as obstacles to martensite growth, limiting martensite variant and twin size resulting in reduced functional and structural properties. Aging heat treatments were also shown to result in a wide range of transformation temperatures, increasing them above 100 °C in some cases, and affected the stress dependence of the transformation hysteresis and the stress versus transformation temperature relationships for the Ni 50.3 Ti 34.7 Zr 15 alloy.

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