Micromem Technologies Inc. (MMTIF)

[seek the light]

Excerpts from Monthly Report: Date: July 6, 2018

Please review this report with a view of who has been truthful in their recent posts on This MB.

1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month.

"The Issuer has received approval from its multinational energy corporation client, Chevron, on the $175,000 USD payment now due. The Issuer has been advised that the commercial roll out agreement for the Aroma product, with Chevron will be forthcoming."

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Subsequent to the ATRA-171 product launch in March 2018, and with 64 proposals submitted, the Issuer continues to respond to potential client interest. As a result, a test installation for an initial order is being scheduled within the next few months.
The Company continues to have available markets and revenue opportunities for its’ RT Lube Analyzer product. The Issuer has received one purchase order in May 2018 and continues in discussions with two additional strategic end users.

3. Describe and provide details of any new products or services developed or offered.

The Company continues exploring new development opportunities with prospective clients and continues to move forward with a number of development projects previously announced.

5. Describe any new business relationships entered into between the Issuer

The Company continues to pursue new business relationships with large corporations who are evaluating our sensor technology platforms for their businesses.

8. Describe the acquisition of new customers or loss of customers.
The Company continues to develop the scope of its activities particularly with its existing client in the oil sector. The Company continues to evaluate new potential opportunities in other sectors.

17. Discuss any trends which are likely to impact the Issuer including trends in the Issuer’s market(s) or political/regulatory trends.
The Company is attracting interest from a wider variety of large potential customers through its ongoing marketing initiatives.


The undersigned hereby certifies that:

4 All of the information in this Form 7 Monthly Progress Report is true.