TORONTO, June 30 /CNW/ - Micromem Technologies Inc. (OTC BB: MMTIF) is
pleased to announce the first production level shipments of its patented
magnetic sensor which is based on the Hall Effect. The sensors have been
produced in traditional package configuration and are being distributed to key
clients for field evaluation. This is an integral component of the company's
MRAM product line.
Micromem recently completed a 4-way evaluation using competitive hall
sensors. During this evaluation the company's device produced superior results
in the areas of sensitivity, lower power requirements and consistent and
linear performance of Hall Voltage versus Magnetic flux density in the
targeted temperature range.
Micromem is focused on the design of nanotechnology arrays of
micron-sized magnetic sensors on a single chip that will be used to detect
very small magnetic fields with very high spatial resolution. The company's
patented sensor technology includes a memory component that allows for
frequency tuned pattern recognition of very small magnetic fields. In addition
it can detect changes in magnetic fields that are associated with magnetic
biosensors, non-destructive test, inspection and evaluation and for other
medical and homeland security applications.
Listing: NASD OTC-Bulletin Board - Symbol: "MMTIF"
Shares issued: 79,661,879
SEC File No: 0-26005
About Micromem Technologies Inc.
Micromem Technologies, Inc. (www.micromeminc.com) is focused on the
development of magnetic random access memory (MRAM) and sensor technology.
Statements in this news release that are not historical facts, including
statements about plans and expectations regarding products and opportunities,
demand and acceptance of new or existing products, capital resources and
future financial results are forward-looking. Forward-looking statements
involve risks and uncertainties, which may cause Micromem's actual results in
future periods to differ materially from those expressed or suggested herein.
These uncertainties and risks include, without limitation, the inherent
uncertainty of research, product development and commercialization, the impact
of competitive products and patents, our ability to fund our current and
future business strategies and respond to the effect of economic and business
conditions generally as well as other risks and uncertainties detailed from
time to time in Micromem's filings with the Securities & Exchange Commission.
There can be no guarantee that Micromem will be able to enter into any
commercial arrangements on terms that are favorable to it, or at all. For more
information, please refer to Micromem's Annual Report on Form 20-F and its
Form 6-Ks as filed with the U.S. Securities and Exchange Commission. Micromem
is under no obligation (and expressly disclaims any obligation) to update or
revise any forward-looking statements whether as a result of new information,
future events or otherwise.
For further information:
For further information: Jason Baun, Chief Information Officer,