An anonymous director reports

MICROMEM ARTRA UNIT UPDATE

Micromem Technologies Inc., as a followup to its news release dated Sept. 25, 2023, has been advised by its contracted engineering affiliate that the Artra unit for field testing will be ready for shipment during the week of Oct. 14. This is the first Artra field unit prepared for a client other than Chevron.

As announced in the company's press release dated Sept. 26, 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 Technologies Inc.

Micromem Technologies 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 and gas, utilities, automotive, health care, government, information technology, manufacturing, and other industries.

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