Micromem Technologies Inc.: Conference in Dubai
February 20 2014 - 3:06PM
Micromem Technologies Inc. ("Micromem") (CSE:MRM) (OTCBB:MMTIF)
through its wholly owned subsidiary Micromem Applied Sensor
Technologies Inc. (MAST), is pleased to announce that Steven Van
Fleet, President of MAST, and Dr. Brian Von Herzen, Chief
Technology Officer of MAST have been invited to attend the
Reservoir Nanoagents, Taming Complexities on Road the Deployment
Workshop hosted in Dubai on February 22-26. The invitation was
extended by two of the major oil and gas companies that have
contracted MAST to develop a particle tracer technology and
particle sensor detection platform that was successfully
demonstrated and approved on February 6, 2014. News on this
accomplishment will be the subject of a separate release. During
the development of the particle tracer technology several problems
were encountered in the particles themselves that MAST engineers
solved and as a result, this new intellectual property (IP) owned
by Micromem has opened more opportunities with all four oil
companies that are currently contracting MAST to do work. This new
IP will be the subject of our presentation in Dubai, and will also
provide Micromem the opportunity to showcase our technology to the
entire industry.
Micromem was invited to address the attendees on this innovation
to discuss the recent product development and how it helps the
industry overcome some of the challenges of scaling the deployment
of nanoparticles.
Micromem is proud that it has been working with the industry
leaders and has been selected as a company capable of delivering on
complex problems. Having our technology integrated in the systems
of fortune 20 oil companies on a global scale is a clear validation
of our solutions.
About Micromem and MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem
Technologies Inc., a publicly traded (OTCBB:MMTIF) (CSE:MRM)
company. MASTInc 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; 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.
Listing: NASD OTC-Bulletin Board - Symbol:
MMTIF
CSE - Symbol: MRM
Shares issued: 168,454,785
SEC File No: 0-26005
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home page. www.micromeminc.com
CONTACT: Investor Contact: info@micromeminc.com;
Tel. 416-364-2023
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