Micromem's ARTRA Unit Ready for Global Field Trials in the Natural Gas Sector
Micromem Technologies announces its ARTRA unit is ready for field trials in the natural gas industry. The unit is being transported to Toronto for review before European certification by the client. The company is developing a second configuration - a well-mounted automated unit for gas wells. Market potential includes over 12,000 gas wells in Europe and potentially 100,000+ wells globally. The next development phase involves integrating an automated sampler with the ARTRA unit, with installation projected for Q1 2025.
Micromem Technologies annuncia che la sua unità ARTRA è pronta per prove sul campo nel settore del gas naturale. L'unità è in fase di trasporto verso Toronto per una revisione prima della certificazione europea da parte del cliente. L'azienda sta sviluppando una seconda configurazione - un'unità automatizzata montata su pozzo per i pozzi di gas. Il potenziale del mercato include oltre 12.000 pozzi di gas in Europa e potenzialmente più di 100.000 pozzi a livello globale. La prossima fase di sviluppo prevede l'integrazione di un campionatore automatizzato con l'unità ARTRA, con installazione prevista per il primo trimestre del 2025.
Micromem Technologies anuncia que su unidad ARTRA está lista para pruebas de campo en la industria del gas natural. La unidad se está transportando a Toronto para una revisión antes de la certificación europea por parte del cliente. La empresa está desarrollando una segunda configuración: una unidad automatizada montada en pozos de gas. El potencial del mercado incluye más de 12,000 pozos de gas en Europa y potencialmente más de 100,000 pozos a nivel mundial. La próxima fase de desarrollo involucra la integración de un muestreador automatizado con la unidad ARTRA, con una instalación proyectada para el primer trimestre de 2025.
Micromem Technologies는 ARTRA 유닛이 천연 가스 산업의 현장 시험을 위한 준비가 완료되었다고 발표했습니다. 이 유닛은 클라이언트의 유럽 인증 전 검토를 위해 토론토로 운송되고 있습니다. 이 회사는 가스 우물용으로 장착된 자동화 유닛의 두 번째 구성을 개발하고 있습니다. 시장 잠재력은 유럽에서 12,000개 이상의 가스 우물이 있으며, 전 세계적으로는 100,000개 이상의 우물이 있을 것으로 예상됩니다. 다음 개발 단계는 ARTRA 유닛과 자동 샘플러를 통합하는 것이며, 설치는 2025년 1분기로 예상됩니다.
Micromem Technologies annonce que son unité ARTRA est prête pour des essais sur le terrain dans l'industrie du gaz naturel. L'unité est en cours de transport vers Toronto pour une révision avant la certification européenne par le client. L'entreprise développe une deuxième configuration : une unité automatisée montée sur puits pour les puits de gaz. Le potentiel du marché comprend plus de 12 000 puits de gaz en Europe et potentiellement plus de 100 000 puits à l'échelle mondiale. La prochaine phase de développement implique l'intégration d'un échantillonneur automatisé avec l'unité ARTRA, avec une installation prévue pour le premier trimestre 2025.
Micromem Technologies gibt bekannt, dass ihre ARTRA-Einheit für Feldversuche in der Erdgasindustrie bereit ist. Die Einheit wird nach Toronto transportiert, um vor der europäischen Zertifizierung durch den Kunden überprüft zu werden. Das Unternehmen entwickelt eine zweite Konfiguration – eine automatisierte Einheit, die für Erdgasbrunnen montiert ist. Das Marktpotential umfasst über 12.000 Erdgasbrunnen in Europa und möglicherweise über 100.000 Brunnen weltweit. Die nächste Entwicklungsphase beinhaltet die Integration eines automatisierten Samplers mit der ARTRA-Einheit, die Installation ist für das erste Quartal 2025 geplant.
- Large market potential with over 12,000 gas wells in Europe
- Global market opportunity exceeding 100,000 gas wells
- Product ready for field trials and certification
- Installation timeline delayed to Q1 2025
- Still awaiting development schedule from engineering partner
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 28, 2024) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is excited to announce its ARTRA unit, designed for field trials in the natural gas industry, is en route to Toronto for review before being shipped to Europe for inspection and final certification by the Company's client. With access to a cutting-edge automated sampler system, Micromem is advancing the development of its second configuration-a well-mounted and fully automated unit, tailored specifically for gas wells.
The Company sees a significant market opportunity, with over 12,000 gas wells in Europe, and has had widespread initial interest expressed for this technology. Globally, the Company believes that the market for the Configuration 2 automated tracer sampler system could be in excess of 100,000 gas wells. The next phase of development activity involves integrating the automated sampler with the ARTRA unit for field installation on a natural gas well.
Micromem is currently awaiting a development schedule from its engineering partner. Once approved, the Company expects to announce a timeline for installation, currently projected for the first quarter of 2025.
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.
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Listing: OTCQB - Symbol: MMTIF
CSE - Symbol: MRM
Shares issued 572,985,698
SEC File No: 0-26005
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