Micromem Technologies Inc. (MMTIF)

[seek the light]

Micromem: Patent Update


TORONTO, ON and NEW YORK, NY / ACCESSWIRE / May 2, 2017 / Micromem Technologies Inc. (CSE:MRM) (MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), announces it has received notice the 6th and final patent application filed for the oil pan plug has been published (#US-2017-0074853-A1). Micromem expects the patent to be granted over the next few months. This completes the patents filed in this series and gives the Company control of the intellectual property required for this product.

The 5 patents previously granted and this application are for the Company's Multi Modal Fluid Condition Sensor Platform and System Therefor. However, the value to Micromem extends beyond the use of this patented core technology for the oil pan plug. It can also be used for measuring and monitoring contaminants in other fluids including, but not limited to, fuel and hydraulic fluids, opening up additional opportunities for the Company.

Obtaining a patent provides for a long and thorough review and vetting process. To have all 6 granted speaks highly to the innovation created by Micromem.