Micromem Technologies Inc. (MMTIF)

[seek the light]

The article about Chevron reducing expenditures by $4 billion this year is causing some selling of MMTIF shares. This viewpoint is not formed on the basis of the facts about what Chevron is doing.

Chevron ,SLB, Microsoft, and Emerson are involved in establishing a robust data collection and analytics plan for early warning system on items for maintenance, repair, and sampling to SAVE money and be MORE efficient with their various operations. This work has been ongoing since the Sept. announcement of this plan among the before mentioned companies [see link below]. This plan is very comprehensive including very many different pieces of equipment across Chevron's many operations, It also includes the operation of MMTIF's AROMA units. The whole plan has to have all the parts operating efficiently to reach the optimum level of benefit. The fact that this plan exists and has been budgeted by Chevron provides comfort about the desire and commitment of Chevron to use the AROMA units because of the outstanding ROI of the units. This plan is critical in providing savings for Chevron in this time of low oil and gas prices.

ALL OF THE ABOVE IS JMO...Based on research and years of experience.

LINK:
Schlumberger, Chevron and Microsoft announce collaboration ...news.microsoft.com › 2019/09/17 › schlumberger-chevron-and-micr...
Schlumberger, Chevron and Microsoft announce collaboration to accelerate digital transformation. September 17, 2019 | Microsoft News Center