Micromem Technologies Inc. Advances Discussions with Canadian Defence Stakeholders Toward Potential Deployment Planning and Unit-Level Commercialization Analysis
Press Release
Toronto, Ontario and New York, New York--(Newsfile Corp. - June 1, 2026) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") is pleased to announce that following recent meetings with representatives of the Department of National Defence ("DND") (the 'Representatives"), under the existing collaborative research agreement ("the Agreement") between Micromem, the University of Toronto (the "University") and the DND, discussions have progressed toward unit-level commercialization and deployment planning for the Company's wearable sensing platform.
As part of ongoing engagement activities, Micromem has been requested by the Representatives to prepare preliminary per-unit costing models and commercialization framework materials relating to its wearable environmental sensing technology platform. The discussion focused on potential deployment applications involving real-time environmental monitoring and personnel safety.
The Company's wearable platform is designed to support distributed sensing and real-time environmental intelligence applications across defence, industrial safety, infrastructure monitoring and related sectors.
The Company believes these discussions represent an important step in evaluating scalable deployment opportunities for its sensing technologies. The growing interest in compact, low-power wearable sensing platforms reflects the increasing demand for real-time situational awareness solutions across both defence and commercial markets.
Micromem continues to pursue strategic relationships with government, academic, and industrial stakeholders to advance validation, commercialization and potential field deployment opportunities for its sensing technologies.
About Micromem.
Micromem Technologies Inc. and its subsidiaries, a publicly traded (OTCQB: MMTIF) (CSE: MRM), company analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated sensor applications, the Company 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.