Micromem Technologies Inc. Hall Sensors Integrated into Unotron’s New Soft Key® Computer Keyboards
April 06 2009 - 12:37PM
Business Wire
Micromem Technologies Inc., (Micromem) (OTC: BB
MMTIF, CNSX: MRM) through its wholly owned subsidiary Micromem
Applied Sensor Technologies, Inc. (MASTInc)
(www.mastinc.com), announces the integration of Micromem Hall
sensor technologies into the new line of SoftKey� keyboards
manufactured by Unotron Incorporated, (Unotron)
(www.unotron.com). To learn more about Micromem�s Hall sensor
technologies and Unotron products please visit the Unotron Booth
#4841 at the Health Information and Management System Society
(HiMSS) conference in Chicago, Ill., April 4-8, 2009.
�Our patented three-dimensional statistical manufacturing
process that includes Micromem's patented magnetic sensors is
positioned to revolutionize computer keyboard technology, with
immediate impact on the healthcare sector via Unotron,� says Steven
Van Fleet, president of MASTInc.
MASTInc will supply to Unotron approximately five million
keyboard circuits that incorporate Micromem�s patented magnetic
sensor technology. This agreement is anticipated to result in
approximately US$77M in revenue to MASTInc over the next five
years. Revenue for MASTInc from units planned to be shipped this
year is expected to reach US$5M.
With 30 years of OEM manufacturing experience, Unotron maintains
a global footprint with offices located across North America,
Europe, and Asia, making everyday computing clean and safe for
organizations around the world. Unotron designs, manufactures, and
markets high quality, washable data input and security devices that
are easily cleaned and disinfected to mitigate the spread of
infection in healthcare, education, commercial, and government
environments. Unotron holds patents for SpillSeal� technology and
draws upon a catalogue of patents in automated manufacturing
systems and office products.
Van Fleet adds, �MASTInc technology may also represent a
breakthrough in the manufacturing of new Unotron products such as
kiosks, ATMs, and other key pad technologies, while still allowing
the electronic components to be completely sealed to keep out water
and germs.�
About Micromem and MASTInc
MASTInc is a wholly owned subsidiary of Micromem Technologies
Inc., a publicly traded (OTC: MMTIF, CNSX: MRM) company with
headquarters in Toronto, Canada and an office in New York City.
MASTInc responsibly analyzes the specific industry sectors to
create intelligent game-changing applications that address unmet
market needs. By leveraging its expertise and experience with
sophisticated magnetic sensor applications, MASTInc successfully
powers the development and implementation of innovative solutions
for healthcare/biomedical, natural resource exploration,
government, information technology, manufacturing, and other
industries. Visit www.micromeminc.com www.mastinc.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; 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 CNSX 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.
Listing: NASD OTC-Bulletin Board - Symbol:
MMTIF
CNSX - Symbol: MRM
Shares issued: 84,709,367
SEC File No: 0-26005
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