Micromem Technologies, (“Micromem” or the “Company”) is pleased to announce its new collaboration with the University of Toronto, Defense Research and Development Canada (“DRDC”) and the Natural Sciences and Engineering Research Council of Canada (“NSERC”). The primary objectives and goals of this collaboration (“the Project”) are to develop cutting-edge technology for military and industrial applications, specifically in the field of state-of-the-art biochemical sensors (“the Technology”). This program was initiated in 2023 at the University of Toronto and has, to date, made significant strides in advancing the Technology. NSERC is providing a portion of the funding for the Project.
Micromem will have an exclusive worldwide license to the intellectual property and any patents created through the Project, which is expected to have application for both military and commercial use. Notable progress to date includes the development of artificial intelligence and machine learning capabilities.
Micromem engaged the University of Toronto to help develop the ‘white paper’ report that Micromem recently delivered to Chevron, as previously announced. Micromem will be working on this Project, with the same team at the University of Toronto, led by Doctor Harry Ruda.
This initiative represents a significant new opportunity for Micromem, in addition to our current initiatives. It expands our technological capabilities and provides new opportunities in military and in commercial sectors for the detection of environmental contaminants.
Doctor Ruda comments on the participation of Micromem as follows: “Having worked with Micromem previously, we are pleased to welcome Micromem as a key partner in this Project and look forward to the team developing and commercialising new sensing technologies”.
