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Micromem ARTRA Unit Update

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Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) has announced an update on its ARTRA unit for field testing. The company's contracted engineering affiliate has informed that the unit will be ready for shipment during the week of October 14th. This marks a significant milestone as it is the first ARTRA field unit prepared for a client other than Chevron.

Additionally, Micromem has secured access to an engineering patent for an automated sampler system previously filed by Chevron. The company is now set to begin work on a 'Configuration 2' device, which will be a well-mounted system capable of automated well sample collection in real-time for natural gas wells. Once completed, this new device is expected to provide new marketing opportunities for the company.

Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ha annunciato un aggiornamento sulla sua unità ARTRA per i test sul campo. L'affiliato ingegneristico con cui l'azienda ha un contratto ha comunicato che l'unità sarà pronta per la spedizione durante la settimana del 14 ottobre. Questo segna un traguardo significativo poiché si tratta della prima unità ARTRA per il campo preparata per un cliente diverso da Chevron.

Inoltre, Micromem ha ottenuto l'accesso a un brevetto ingegneristico per un sistema di campionamento automatizzato precedentemente depositato da Chevron. L'azienda è ora pronta per iniziare a lavorare su un dispositivo 'Configurazione 2', che sarà un sistema montato su pozzo in grado di raccolta automatizzata di campioni in tempo reale per pozzi di gas naturale. Una volta completato, questo nuovo dispositivo dovrebbe offrire nuove opportunità di marketing per l'azienda.

Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ha anunciado una actualización sobre su unidad ARTRA para pruebas de campo. La afiliada de ingeniería con contrato de la compañía ha informado que la unidad estará lista para el envío durante la semana del 14 de octubre. Esto marca un hito significativo, ya que es la primera unidad de campo ARTRA preparada para un cliente diferente a Chevron.

Además, Micromem ha obtenido acceso a un patente de ingeniería para un sistema de muestreo automatizado presentado anteriormente por Chevron. La empresa está lista para comenzar a trabajar en un dispositivo 'Configuración 2', que será un sistema montado en pozo capaz de recolección automatizada de muestras en tiempo real para pozos de gas natural. Una vez completado, se espera que este nuevo dispositivo proporcione nuevas oportunidades de marketing para la empresa.

Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF)는 필드 테스트를 위한 ARTRA 유닛에 대한 업데이트를 발표했습니다. 회사의 계약된 엔지니어링 자회사에서 해당 유닛이 10월 14일 주에 발송 준비가 될 것이라고 통보했습니다. 이는 Chevron 이외의 고객을 위해 준비된 첫 번째 ARTRA 필드 유닛이라는 점에서 중요한 이정표입니다.

또한 Micromem은 Chevron에서 이전에 출원한 자동 샘플러 시스템에 대한 엔지니어링 특허에 대한 접근 권한을 확보했습니다. 회사는 이제 자연가스 유정을 위한 실시간 자동 샘플 수집이 가능한 우물 장착 시스템인 'Configuration 2' 장치 작업을 시작할 준비가 되었습니다. 완료되면 이 새로운 장치는 회사에 새로운 마케팅 기회를 제공할 것으로 예상됩니다.

Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) a annoncé une mise à jour concernant son unité ARTRA pour des tests sur le terrain. La filiale d'ingénierie ayant un contrat avec l'entreprise a informé que l'unité sera prête à être expédiée durant la semaine du 14 octobre. Cela marque un jalon significatif, car il s'agit de la première unité ARTRA de terrain préparée pour un client autre que Chevron.

De plus, Micromem a sécurisé l'accès à un brevet d'ingénierie pour un système d'échantillonnage automatisé précédemment déposé par Chevron. L'entreprise est maintenant prête à commencer à travailler sur un dispositif 'Configuration 2', qui sera un système monté sur puits capable de collecte automatique d'échantillons en temps réel pour des puits de gaz naturel. Une fois achevé, ce nouvel appareil devrait offrir de nouvelles opportunités de marketing pour l'entreprise.

Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) hat ein Update zu ihrer ARTRA-Einheit für Feldtests angekündigt. Das vertraglich gebundene Ingenieurbüro des Unternehmens hat mitgeteilt, dass die Einheit während der Woche des 14. Oktober versandbereit sein wird. Dies stellt einen bedeutenden Meilenstein dar, da es sich um die erste ARTRA-Feldeinheit handelt, die für einen anderen Kunden als Chevron vorbereitet wurde.

Zusätzlich hat Micromem Zugang zu einem Ingenieurrpatent für ein automatisiertes Probenahmesystem erhalten, das zuvor von Chevron eingereicht wurde. Das Unternehmen plant nun, an einem Gerät mit der 'Konfiguration 2' zu arbeiten, das ein bohrlochmontiertes System sein wird, das in der Lage ist, automatisierte Probenahmen in Echtzeit für Erdgasbohrungen durchzuführen. Nach der Fertigstellung wird erwartet, dass dieses neue Gerät neue Marketingmöglichkeiten für das Unternehmen bietet.

Positive
  • First ARTRA field unit for a non-Chevron client ready for shipment
  • Secured access to engineering patent for automated sampler system
  • Development of 'Configuration 2' device for automated well sample collection
  • Potential new marketing opportunities with Configuration 2 device
Negative
  • None.

Toronto, Ontario and New York, New York--(Newsfile Corp. - October 10, 2024) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces that, as a follow up to its news release dated September 25, 2023, the Company has been advised by its contracted engineering affiliate that the ARTRA unit for field testing will be ready for shipment during the week of October 14th. This is the first ARTRA field unit prepared for a client other than Chevron.

As announced in our press release dated September 26th, 2024, the Company has secured access to an engineering patent for an automated sampler system previously filed by Chevron. The Company will now begin work on a 'Configuration 2' device - a well mounted device capable of automated well sample collection in real time for natural gas wells. The Configuration 2 device, once completed, will provide new marketing opportunities for the Company.

About Micromem.

Micromem Technologies Inc. and its subsidiaries, a publicly traded (OTCQB: MMTIF) (CSE: MRM), company analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated sensor applications, the Company successfully powers the development and implementation of innovative solutions for oil & gas, utilities, automotive, healthcare, government, information technology, manufacturing and other industries. Visit www.micromeminc.com.

Safe Harbor Statement

This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential," and similar expressions may be used to identify forward-looking statements.

The CSE or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.

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Listing: OTCQB - Symbol: MMTIF
CSE - Symbol: MRM

Shares issued 567,419,413
SEC File No: 0-26005
Investor Contact: info@micromeminc.com; Tel. 416-364-2023
Subscribe to receive News Releases by Email on our website's home page. www.micromeminc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226323

FAQ

When will Micromem's ARTRA unit be ready for shipment?

Micromem's ARTRA unit for field testing will be ready for shipment during the week of October 14th, 2024.

What is significant about this ARTRA unit for Micromem (MMTIF)?

This ARTRA unit is significant as it's the first field unit prepared for a client other than Chevron, expanding Micromem's customer base.

What new technology is Micromem (MMTIF) developing?

Micromem is developing a 'Configuration 2' device, a well-mounted system for automated real-time sample collection in natural gas wells.

How might the Configuration 2 device benefit Micromem (MMTIF)?

The Configuration 2 device, once completed, is expected to provide new marketing opportunities for Micromem, potentially expanding its product offerings and market reach.

MICROMEM TECHS INC

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