Archive for December, 2016

Revenue from Joint Development Contract

Toronto, Ontario and New York, New York–(Newsfile Corp. – December 22, 2016) – Micromem Technologies Inc. (CSE: MRM) (OTCQX: MMTIF) (“Micromem”) (“the Company”) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), is pleased to announce that it has received $100,000 USD as payment for work successfully completed per our joint product development agreement with our major oil and gas company partner. This phase will be completed in January 2017 upon which the commercialization phase will start. Micromem ...

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Micromem: Castrol Innoventures Issues Order for First Round of Manufactured Units

Toronto, Ontario and New York, New York–(Newsfile Corp. – December 8, 2016) – Micromem Technologies Inc. (CSE: MRM) (OTCQX: MMTIF) (“Micromem”) (“the Company”) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), is pleased to announce that Castrol Innoventures (“Castrol”) has issued a US $100,000 purchase order for 10 evaluation units. The Company has received payment. This initial commercial order for the evaluation units will be used for field deployment, additional orders to follow.

Our partnership with Castrol began ...

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