Micromem Technologies Inc. (MMTIF)

[seek the light]

Let me present the statements denoting REAL PROGRESS from MMTIF's filings yesterday:

1] We anticipate
positive developments with respect to commercialization of this technology with Chevron as they have advised on their intent to commercialize.
We are advised by Chevron that they will adopt the technology as required in future and that they
have earmarked funding for commercial units in their 2020 fiscal year budget.

2] A. Romgaz has communicated that it is proceeding
with purchase orders to acquire initial units of the ARTRA technology and
B. to have the
Company develop a fully integrated software analytics solution for Romgaz use and application.
B above is a second source of revenue that will be ongoing,imo.

3] ) Repsol S.A.: We have negotiated a draft final contract with Repsol relating to the RT
Lube Analyzer technology. The Company intends to proceed with this project in 2020.
The Company intends to proceed with this project in 2020 pending finalization of the final
development contract. A visit to the Repsol offices in Spain is intended for this purpose in calendar 2020.

4] )The use of convertible debentures has served to increase our outstanding number of shares
over the past few years. The Company plans to deemphasize or eliminate this complex
and expensive source of financing in future as it develops and grows its business and is
better able to secure more conventional, lower cost financing.
My comment is above statement shows confidence that the company will have revenue and earnings this year.


5] In last year’s report we indicated that the Company was engaged in dialogue with an
established private company that has engineering and manufacturing capabilities and
commercial revenues in North America. In 2019 we actively pursued those discussions and
those discussions continue at the date of this report. In addition, we have been provided
guidance in terms of product development and commercial roll out strategies. We anticipate
that a formal working relationship may materialize in 2020.

Merger or partnership in MMTIF's future?