An anonymous director reports

MICROMEM PROVIDES UPDATE TO BREAKTHROUGH REAL-TIME SENSING MEASURING THE DIRECT OBSERVATION OF CHARGE RESPONSES AT MICRO-ELECTRON LEVEL

Micromem Technologies Inc. has provided an update on the strategic collaboration to advance nanowire sensor technology. The landmark collaboration agreement signed with the University of Toronto and the Canadian Department of National Defence, as described in the March 3, 2025, news release, marks a major step forward in the development of next-generation nanowire sensor technology. This collaboration grants Micromem access to proprietary innovations that dramatically enhance detection sensitivity, enabling the direct observation of charge responses at the microelectron level -- a breakthrough in real-time sensing.

The primary focus of the agreement is on biochemical agent detection pertinent to defence. However, the commercial implications are equally significant. This positions the collaboration at the forefront of nanotechnology in target applications extending beyond defence, including real-time monitoring of airborne contaminants, next-generation environmental sensors and ultrasensitive diagnostic tools in the biomedical sector. These are all markets with growing global demand and high-margin opportunities, each with scalable product development and long-term revenues.

The University of Toronto brings over a decade of rigorously validated, peer-reviewed research to the initiative. Its leadership in nanoscale charge transport and surface interaction science has enabled the creation of single-molecule sensors -- a capability unmatched in the global research community. Micromem's strategic involvement ensures early commercialization pathways and reinforces its role as a key enabler in the future of molecular-scale sensing technologies.

About Micromem Technologies Inc.

Micromem and its subsidiaries, a publicly traded company, analyze specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging 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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