TORONTO/NEW YORK, Feb. 10, 2012 /CNW/ - Micromem Technologies Inc. [the
"Company"] [OTC BB: MMTIF, CNSX: MRM], through its wholly owned
subsidiary Micromem Applied Sensor Technologies Inc. ("MAST"), releases
Speed Control Circuit Stage one test results.
To view Motor Sensor Board (DFN) Test Results, please click http://files.newswire.ca/651/MicromemFeb10.pdf
On February 6, 2012 we announced our successful shipping of a MAST
product for final performance testing to GSI Westwind, the results of
the stage one tests are in the chart above. This performance indicates
that all mechanical and electrical requirements were met on 100% of the
The Company would like to take this opportunity to describe the process
taken to end up with a solution our clients can attribute business
value to. It cannot be overemphasized that Micromem products are unique
to our clients predicated upon an exchange of technical and business
challenges unique to them.
The Company is a solution provider who benefits from a patent portfolio
of sensing technology. While the Company is enjoying the benefits of
its magnetic sensors based upon size, speed, sensitivity, ease of
manufacturing and low cost of production, Micromem has amalgamated a
skills base which includes nanofabrication, MEMS, photonics,
electro-magnetics, bio and chemical sensor integration, signal
processing, simulation, and electronics design, packaging and
It is with this technology base that the Company is presently delivering
proposals, or proof of concepts to diverse industry segments such as
oil production, medical, automotive, automated electronics
manufacturing and high voltage transmission and distribution. See the
process on all client engagements outlined in the 'MAST Client Engagement Process' captioned chart attached.
The Pre-study phase sets the tone for the engagement. It involves a
complete understanding of the operational and business issues that the
client is facing. In the case of our recent market release of the
Motor Speed Control Circuit, it was at this point in the client
engagement that we understood the limited space we had to fit the
electronics, the operational challenges of working with the current
solution being used and generally the technical challenges of
integrating the proposed solution into the client's high speed
precision product line.
Based upon a complete understanding of the client's requirements the
Company designed a solution that formed a demonstrator for the client.
Micromem utilized computerized circuit simulation software that
demonstrated how the proposed product would not only fit in the very
limited space but how it would operate over the entire speed range of
the client's product.
Once the simulation results were shared by the client and signed off the
Company proceeded with the manufacturing of some prototypes of the
circuit board. Micromem utilized its ISO certified manufacturing
partner in China who was chosen based on their ability to generate
rapid prototype products with extremely high quality control standards.
This process is iterative in nature and must be managed over several
time zones. See 'Rapid Prototype Circuit Board Manufacturing' photo attached.
As is the typical case minor changes to the circuit had to be made based
on actual testing prior to shipping to the client. The goal at this
stage is to provide a stable prototype that can be sent to the client
who can perform some initial testing to advise if the design was
tracking their requirements. At this stage we also designed and
manufactured a Mu-metal shield that functions as a shield to the
electronics when installed in the inner workings of a high speed
circuit. See 'Circuit Boards validated through Stage One Testing' and 'MAST designed Mu-Metal Electronic Shielding' photos attached.
Prototypes were sent to the client for testing, in this case both for
mechanical fit and electronic operation. During the back and forth
with the client, issues were expected and resolved.
With the client feedback integrated into the design the product is sent
back to the manufacturing partner in China and produced again. At this
point MAST begins extensive electronic testing. The boards were run
through several levels of testing and data evaluation. As is shown in
the following performance display, on a three phase motor, it is
critical for very accurate motor speed control to position each of
three magnetic sensors in precise relationship to each other. The
Company's ability to position its very small magnetic sensors close to
the magnetic portion of the motor, allows us to output from our board
extremely accurate rotational positioning data. See 'Client Directed Speed Testing' photo attached.
Discussions on the speed control circuit began November 2010 and work
began in February of 2011 and has been a progressive set of milestones
demonstrating Micromem's ability to create a solution utilizing its
patented sensor technology. The Company's final deliverable to the
client solved their space issue, their speed of response issue and it
is anticipated it will reduce the man-hours to assemble and setup their
GSI Westwind will be releasing to Micromem the results of the final
series of evaluation tests utilizing other parameters shortly. This
will close the development contract where Micromem will receive the 3rd and final payment for the development agreement and take us to the
commercial sales portion of this new product.
About Micromem, MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies
Inc., a publicly traded (OTC BB: MMTIF, CNSX: MRM) company. 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; 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
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: 118,231,407
SEC File No: 0-26005
Image with caption: "MAST Client Engagement Process (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10004.jpg
Image with caption: "Rapid Prototype Circuit Board Manufacturing (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10003.jpg
Image with caption: "Circuit Boards validated through Stage One Testing (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10000.jpg
Image with caption: "MAST designed Mu-metal Electronic Shielding (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10001.jpg
Image with caption: "Client Directed Speed Testing (CNW Group/Micromem Technologies Inc.)". Image available at: http://photos.newswire.ca/images/download/20120210_C3296_PHOTO_EN_10002.jpg
PDF with caption: "Motor Sensor Board (DFN) Test Results". PDF available at: http://stream1.newswire.ca/media/2012/02/10/20120210_C3296_DOC_EN_10005.pdf
SOURCE Micromem Technologies Inc.
For further information:
Investor Contact: Jason Baun, Chief Information Officer Tel. 416-364-2023