Micromem Update on Oil Condition Sensor Suite

Toronto, Ontario and New York, New York–(Newsfile Corp. – May 18, 2016) – Micromem Technologies Inc. (CSE: MRM) (OTCQX: MMTIF) (“Micromem”) (“the Company”) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), announces the oil pan plug product development has transitioned from our partner’s prototype development facility into their manufacturing facilities. The product development remains ahead of schedule with final product being ready for deployment in 2016.

Business development efforts are underway in pursuing non-automotive usage of this technology ...

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