Micromem White Paper Submission to Chevron
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) has submitted a white paper to Chevron titled 'Sensors for Water Contamination Monitoring in Oil Wells and Flood Zones.' The report, authored by Professor Harry E. Ruda from the University of Toronto, details innovative sensor technology for monitoring water contamination.
The white paper explores existing technologies for measuring contamination in water and atmosphere, particularly in flood zones, and proposes solutions for wastewater contamination monitoring. The technology integrates sensors with Artificial Intelligence (AI) and Machine Learning (ML) capabilities to enhance monitoring precision.
The company is currently evaluating drone-based applications equipped with sensors as an early practical use case. Micromem anticipates generating potential revenues from this initiative starting in summer 2025.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ha presentato un white paper a Chevron intitolato 'Sensori per il Monitoraggio della Contaminazione dell'Acqua nei Pozzi Petroliferi e nelle Zone all'Inondazione.' Il rapporto, redatto dal Professor Harry E. Ruda dell'Università di Toronto, descrive una tecnologia innovativa di sensori per il monitoraggio della contaminazione dell'acqua.
Il white paper esplora le tecnologie esistenti per misurare la contaminazione in acqua e nell'atmosfera, in particolare nelle zone all'inondazione, e propone soluzioni per il monitoraggio della contaminazione delle acque reflue. La tecnologia integra sensori con capacità di Intelligenza Artificiale (AI) e Apprendimento Automatico (ML) per migliorare la precisione del monitoraggio.
Attualmente, l'azienda sta valutando applicazioni basate su droni dotati di sensori come un caso d'uso pratico iniziale. Micromem prevede di generare potenziali ricavi da questa iniziativa a partire dall'estate 2025.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ha presentado un documento técnico a Chevron titulado 'Sensores para el Monitoreo de Contaminación del Agua en Pozos de Petróleo y Zonas de Inundación.' El informe, escrito por el Profesor Harry E. Ruda de la Universidad de Toronto, detalla tecnología innovadora de sensores para el monitoreo de la contaminación del agua.
El documento técnico explora tecnologías existentes para medir la contaminación en agua y atmósfera, particularmente en zonas de inundación, y propone soluciones para el monitoreo de contaminación de aguas residuales. La tecnología integra sensores con capacidades de Inteligencia Artificial (AI) y Aprendizaje Automático (ML) para mejorar la precisión del monitoreo.
La empresa actualmente está evaluando aplicaciones basadas en drones equipados con sensores como un caso práctico inicial. Micromem anticipa generar ingresos potenciales de esta iniciativa a partir del verano de 2025.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF)는 Chevron에게 '석유 우물 및 홍수 지역의 수질 오염 모니터링을 위한 센서'라는 제목의 백서를 제출했습니다. 이 보고서는 토론토 대학교의 해리 E. 루다 교수에 의해 작성되었으며, 수질 오염 모니터링을 위한 혁신적인 센서 기술을 자세히 설명합니다.
백서는 특히 홍수 지역의 물과 대기에서 오염을 측정하는 기존 기술을 탐구하고, 폐수 오염 모니터링을 위한 솔루션을 제안합니다. 이 기술은 인공지능(AI) 및 기계 학습(ML) 기능을 갖춘 센서를 통합하여 모니터링 정확도를 향상시킵니다.
회사는 현재 센서를 장착한 드론 기반 응용 프로그램을 초기 실용 사례로 평가하고 있습니다. Micromem은 2025년 여름부터 이 이니셔티브를 통해 잠재적인 수익을 창출할 것으로 예상하고 있습니다.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) a soumis un document blanc à Chevron intitulé 'Capteurs pour la Surveillance de la Contamination de l'Eau dans les Puits de Pétrole et les Zones Inondées.' Le rapport, rédigé par le Professeur Harry E. Ruda de l'Université de Toronto, détaille une technologie innovante de capteurs pour surveiller la contamination de l'eau.
Le document blanc explore les technologies existantes pour mesurer la contamination dans l'eau et l'atmosphère, en particulier dans les zones inondées, et propose des solutions pour le suivi de la contamination des eaux usées. La technologie intègre des capteurs avec des capacités d'Intelligence Artificielle (IA) et d'Apprentissage Automatique (ML) pour améliorer la précision de la surveillance.
L'entreprise évalue actuellement des applications basées sur des drones équipés de capteurs comme un cas d'utilisation pratique précoce. Micromem prévoit de générer des revenus potentiels à partir de cette initiative à partir de l'été 2025.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) hat ein Weißbuch an Chevron mit dem Titel 'Sensoren zur Überwachung der Wasserverunreinigung in Ölquellen und Überschwemmungsgebieten' eingereicht. Der Bericht, verfasst von Professor Harry E. Ruda von der Universität Toronto, beschreibt innovative Sensortechnologie zur Überwachung von Wasserverunreinigungen.
Das Weißbuch untersucht bestehende Technologien zur Messung von Verunreinigungen in Wasser und Atmosphäre, insbesondere in Überschwemmungsgebieten, und schlägt Lösungen zur Überwachung der Abwasserverunreinigung vor. Die Technologie integriert Sensoren mit Künstlicher Intelligenz (AI) und Maschinenlernen (ML) -Fähigkeiten zur Verbesserung der Überwachungsgenauigkeit.
Das Unternehmen evaluiert derzeit drohnenbasierte Anwendungen mit Sensoren als frühes praktisches Anwendungsbeispiel. Micromem erwartet, ab Sommer 2025 potenzielle Einnahmen aus dieser Initiative zu generieren.
- Expected revenue generation starting summer 2025
- Partnership potential with major oil company Chevron
- Development of AI/ML-integrated sensor technology for environmental monitoring
- No immediate revenue impact
- Technology still in evaluation phase
Toronto, Ontario and New York, New York--(Newsfile Corp. - January 22, 2025) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") is pleased to announce the submission of a white paper report to Chevron ("White Paper") titled "Sensors for Water Contamination Monitoring in Oil Wells and Flood Zones." The report was authored by Professor Harry E. Ruda, FRSC, FIoN, FInstP, FIMMM, FIET, FCAE (Stan Meek Chair Professor in Nanotechnology, University of Toronto Director, Centre for Advanced Nanotechnology, Professor, Department of Materials Science and Engineering, Professor, Ted Rogers Department of Electrical and Computer Engineering), a distinguished academic in nanotechnology and materials science, and outlines innovative sensor technology for monitoring water contamination in oil wells and flood zones. A copy of the White Paper will be made available on the company's website.
This White Paper provides an overview of the existing technologies for measuring contamination in water and the surrounding atmosphere, particularly in flood zones. It explores solutions to address wastewater contamination, ultimately aiming to promote environmental remediation. The White Paper discusses a range of sensor technologies that enable real-time monitoring of pollutants in both water and air, highlighting their potential value for commercial and municipal water management.
A Global Health Imperative.
Groundwater contamination and atmospheric pollutants represent critical global health issues. To address these challenges, it is essential to understand, in real-time, the concentrations and types of contaminants. The proposed technology integrates sensors with Artificial Intelligence (AI) and Machine Learning (ML) capabilities to enhance monitoring precision. Micromem, a key player in the development of this technology, is currently evaluating drone-based applications equipped with sensors as an early practical use case. Further announcements regarding the progress of this technology and early adopters are expected.
Micromem projects the generation of potential revenues from this initiative starting in the summer 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.
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: 581,085,698
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/238103
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