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Update on Micromem's ARTRA Unit

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Micromem Technologies announces the arrival of its ARTRA unit in Toronto for field trials in the natural gas industry. The unit will serve as the foundation for a second configuration: a well-mounted, fully automated unit specifically designed for gas wells. The company's contracted engineer will modify and implement an automated sampler system, previously designed by Chevron, enabling precise fluid sampling and tracer testing capabilities.

Before shipping to its European client for inspection and certification, the company will conduct demonstrations for engineers representing potential clients. Following the review, Micromem expects to announce a timeline for subsequent phases.

Micromem Technologies annuncia l'arrivo della sua unità ARTRA a Toronto per prove sul campo nell'industria del gas naturale. L'unità servirà come base per una seconda configurazione: un'unità completamente automatizzata montata su pozzi, progettata specificamente per i pozzi di gas. L'ingegnere contratto dall'azienda modificherà e implementerà un sistema di prelievo automatizzato, precedentemente progettato da Chevron, che consentirà campionamenti di fluidi precisi e capacità di test con traccianti.

Prima della spedizione al cliente europeo per l'ispezione e la certificazione, l'azienda condurrà dimostrazioni per ingegneri che rappresentano potenziali clienti. Dopo la revisione, Micromem prevede di annunciare una tempistica per le fasi successive.

Micromem Technologies anuncia la llegada de su unidad ARTRA a Toronto para pruebas en el campo de la industria del gas natural. La unidad servirá como base para una segunda configuración: una unidad montada en pozo, completamente automatizada y específicamente diseñada para pozos de gas. El ingeniero contratado de la empresa modificará e implementará un sistema de muestreo automatizado, previamente diseñado por Chevron, permitiendo muestreos precisos de fluidos y capacidades de prueba con trazadores.

Antes del envío a su cliente europeo para la inspección y certificación, la empresa realizará demostraciones para ingenieros que representan a posibles clientes. Tras la revisión, Micromem espera anunciar un calendario para las fases subsiguientes.

Micromem Technologies는 천연 가스 산업에서 현장 시험을 위해 토론토에 ARTRA 유닛의 도착을 발표합니다. 이 유닛은 두 번째 구성의 기초로 사용될 것이며, 특정 가스 우물을 위해 설계된 완전 자동화된 우물 장착 유닛입니다. 회사의 계약 엔지니어는 Chevron이 이전에 설계한 자동 샘플링 시스템을 수정 및 구현하여 정밀한 유체 샘플링과 트레이서 테스트 기능을 가능하게 할 것입니다.

회사는 유럽 고객에게 배송하기 전에 잠재 고객을 대표하는 엔지니어들에게 시연을 실시할 것입니다. 검토 후 Micromem은 이후 단계에 대한 일정을 발표할 것으로 기대합니다.

Micromem Technologies annonce l'arrivée de son unité ARTRA à Toronto pour des essais sur le terrain dans l'industrie du gaz naturel. L'unité servira de base pour une seconde configuration : une unité montée sur puits, entièrement automatisée, spécifiquement conçue pour les puits de gaz. L'ingénieur contracté par l'entreprise va modifier et mettre en œuvre un système d'échantillonnage automatisé, précédemment conçu par Chevron, permettant un échantillonnage précis des fluides et des capacités de test de traceurs.

Avant l'expédition à son client européen pour inspection et certification, l'entreprise effectuera des démonstrations pour des ingénieurs représentant des clients potentiels. Suite à la révision, Micromem prévoit d'annoncer un calendrier pour les phases suivantes.

Micromem Technologies kündigt die Ankunft ihrer ARTRA-Einheit in Toronto für Feldversuche in der Erdgasindustrie an. Die Einheit wird als Grundlage für eine zweite Konfiguration dienen: eine gut montierte, vollständig automatisierte Einheit, die speziell für Erdgasbohrlöcher entwickelt wurde. Der beauftragte Ingenieur des Unternehmens wird ein automatisiertes Entnahme-System, das zuvor von Chevron entworfen wurde, modifizieren und implementieren, um präzise Fluidentnahmen und Nachverfolgungstests zu ermöglichen.

Vor dem Versand an seinen europäischen Kunden zur Inspektion und Zertifizierung wird das Unternehmen Demonstrationen für Ingenieure durchführen, die potenzielle Kunden vertreten. Nach der Überprüfung erwartet Micromem die Bekanntgabe eines Zeitplans für die nachfolgenden Phasen.

Positive
  • Development of new ARTRA unit for natural gas industry applications
  • Utilization of Chevron-designed automated sampler system technology
  • Planned demonstrations for potential clients
  • European client inspection and certification process in pipeline
Negative
  • None.

Toronto, Ontario and New York, New York--(Newsfile Corp. - November 11, 2024) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the arrival of its ARTRA unit (the "Unit") in Toronto, prepared for field trials within the natural gas industry.

This Unit serves as the foundation for a second configuration: a well-mounted, fully automated unit tailored specifically for gas wells. The Company's contracted engineer will modify and utilize the automated sampler system, that was previously designed by Chevron, in this new configuration, enabling precise fluid sampling and tracer testing capabilities.

Before shipping the Unit to its European client for inspection and certification, the Company will conduct demonstrations for engineers representing potential clients. Following the review, Micromem expects to announce a timeline for the following phases.

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 572,985,698
SEC File No: 0-26005

Investor Contact: info@micromeminc.com; Tel. 416-364-6513

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/229505

FAQ

What is the latest development for Micromem Technologies (MMTIF) ARTRA unit?

Micromem's ARTRA unit has arrived in Toronto and is being prepared for field trials in the natural gas industry, with plans for demonstrations to potential clients before shipping to Europe for inspection and certification.

What are the key features of Micromem's (MMTIF) new ARTRA unit configuration?

The ARTRA unit serves as a foundation for a well-mounted, fully automated unit specifically designed for gas wells, incorporating an automated sampler system for precise fluid sampling and tracer testing capabilities.

What is the next step for Micromem's (MMTIF) ARTRA unit after Toronto demonstrations?

After demonstrations to potential clients' engineers in Toronto, the ARTRA unit will be shipped to a European client for inspection and certification, followed by an announcement of timeline for subsequent phases.

MICROMEM TECHS INC

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