Defense-backed gas sensor advance for Micromem (OTCQB: MMTIF) as DND clears next phase
Rhea-AI Filing Summary
Micromem Technologies Inc. reports that Canada’s Department of National Defence has approved go-forward plans for the next phase of its wearable gas sensing development project, conducted under a collaborative research agreement with the University of Toronto. This phase centers on completing functional wearable prototypes and expanding the university-based R&D team with two new members focused on software, hardware, and system miniaturization for the gas sensing platform.
The work targets integration of Micromem’s proprietary nanowire field-effect transistor gas sensors into low-power, field-deployable wearable systems designed to meet defense performance needs while supporting broader commercial uses. The company highlights potential dual-use applications in defense, industrial safety, environmental monitoring, and personal protection. Micromem notes that 635,463,983 shares were issued and outstanding and reiterates typical forward-looking statement risk factors.
Positive
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Negative
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Insights
DND approval advances Micromem’s wearable gas sensor project but commercial impact remains to be demonstrated.
The approval from the Department of National Defence for the next project phase confirms institutional support for Micromem’s wearable gas sensing platform. The work now emphasizes completing functional prototypes, adding two engineers at the University of Toronto, and refining software, hardware, and system miniaturization.
Because the project is framed as dual-use, potential markets span defense, industrial safety, environmental monitoring, and personal protection. However, no contract values, deployment timelines, or purchase commitments are disclosed, so the financial significance is not quantifiable from this disclosure alone.
Future updates on technical milestones and any transition from prototype development to field trials or commercial agreements, as referenced in subsequent company communications, would better indicate how this collaboration might translate into revenue or broader market adoption.
Key Figures
Key Terms
collaborative research agreement financial
nanowire field-effect transistor gas sensing platform technical
dual-use applications technical
forward-looking statements regulatory
wearable gas sensing platform technical
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
May 2026
Commission File Number 0-26005
MICROMEM TECHNOLOGIES INC.
121 Richmond Street West, Suite 602, Toronto, ON M5H 2K1
[Indicate by checkmark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.]
Form 20-F [X] Form 40-F [ ]
[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]
Yes [ ] No [X]
[If "Yes" is marked, indicate below the file number assigned to the registrant in connection with rule 12g3-2(b): N/A
This report on Form 6-K is hereby incorporated by reference in the registration statement on Form F-3 (Registration No. 333-134309) of Micromem Technologies Inc. and in the prospectus contained therein, and this report on Form 6-K shall be deemed a part of such registration statement from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished by Micromem Technologies Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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MICROMEM TECHNOLOGIES INC. |
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By: /s/ Joseph Fuda |
| Date: May 19, 2026 | Name: Joseph Fuda |
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Title: Chief Executive Officer |
Exhibit Index
| Exhibit | Description | |
| 99.1 | News Release dated May 19, 2026 |
| FOR IMMEDIATE RELEASE | May 19, 2026 |
Micromem Technologies Inc. Receives Approval from the Department of Defence on Wearable Gas Sensing Project Go-Forward Plans
Toronto, Ontario and New York, New York, May 19, 2026 - Micromem Technologies Inc. ("Micromem" or the "Company") (CSE: MRM, OTCQB: MMTIF) is pleased to announce that the Department of National Defence ("DND") has reviewed and approved go-forward plans for the next phase of the Company's gas sensor development program ("the Project"). The Project is part of the existing collaborative research agreement between Micromem, the University of Toronto (the "University"), and the DND ("the Agreement"). This phase of the Project includes enhancing the existing research and development team at the University of Toronto with two new members to focus primarily on the completion of functional wearable prototypes.
This approval validates Micromem's development approach and further strengthens the collaboration with both the University and DND. The representative of the DND under the Agreement has expressed strong support and regular progress meetings will be held between the Company and the representative, with the first meeting anticipated for next week.
The work towards this phase of the Project has commenced and focuses on critical software and hardware development for the wearable gas sensing platform, including sensor integration, signal processing, data acquisition, and system miniaturization. The additional engineering team member contributions will help accelerate the transition from laboratory nanowire technology to robust, low-power, field-deployable wearable systems tailored to meet defense performance requirements while supporting broader commercial applications.
Micromem's proprietary nanowire field-effect transistor gas sensing platform continues to show strong potential for dual-use applications in defense, industrial safety, environmental monitoring, and personal protection.
The Company will provide further updates as the work progresses and as additional technical milestones are achieved.
About Micromem.
Micromem Technologies Inc. and its subsidiaries, a publicly traded (OTCQB: MMTIF, CSE: MRM), company analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated sensor applications, the Company successfully powers the development and implementation of innovative solutions for oil & gas, utilities, automotive, healthcare, government, information technology, manufacturing and other industries. Visit www.micromeminc.com.
Safe Harbor Statement.
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential," and similar expressions may be used to identify forward-looking statements.
The CSE or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.
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Listing: OTCQB - Symbol: MMTIF and CSE - Symbol: MRM
Shares issued: 635,463,983
SEC File No: 0-26005
Investor Contact: info@micromeminc.com; Tel. 416-364-2023 Subscribe to receive News Releases by Email on our website's home page. www.micromeminc.com