Micromem: Update
Montag, 25.01.2016 14:55 von DGAP
DGAP-News: Micromem Technologies Inc. / Key word(s): Miscellaneous
Micromem: Update
25.01.2016 / 14:50
The issuer is solely responsible for the content of this announcement.
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Toronto, Ontario & New York, New York--(Newsfile Corp. - January 25, 2016)
- Micromem Technologies Inc. (CSE: MRM) (OTCQX: MMTIF) ('Micromem') ('the
Company') through its wholly owned subsidiary Micromem Applied Sensor
Technologies Inc. (MAST), is pleased to announce that as referenced in our
press release dated January 7, 2016, the Company has received the first
payment of USD $150,000 against the two purchase orders issued totaling USD
$250,000 by our LIBS partner. In addition, Micromem has received interest
by parties other than our current partner and they have requested proposals
from MAST for costing and scheduling for deliveries of these intermediate
sized units.
Since January 6th, 2016 Micromem has received over USD $340,000 in payments
for development work or orders for product, from 2 of its partners.
About Micromem and MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies
Inc., a publicly traded (OTCQX: MMTIF) (CSE: MRM) company. MASTInc analyzes
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 oil &
gas, utilities, automotive, healthcare, 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 OTCQX - Symbol: MMTIF
CSE - Symbol: MRM
Shares issued: 197,176,368
SEC File No: 0-26005
Investor Contact: info@micromeminc.com; Tel. 416-364-2023
Subscribe to receive News Releases by Email on our website's home page.
www.micromeminc.com
Click on, or paste the following link into your web browser, to view
the associated documents
http://www.newsfilecorp.com/release/18982
News Source: Newsfile
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25.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Micromem Technologies Inc.
Canada
ISIN: CA59509P1062
End of News DGAP News Service
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431979 25.01.2016