An anonymous director reports

UPDATE ON MICROMEM'S ARTRA UNIT

Micromem Technologies Inc.'s Artra unit has arrived in Toronto and is 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 phases.

About Micromem Technologies Inc.

Micromem, and its subsidiaries, a publicly traded 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 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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