Micromem

Micromem raised $340,000 CAD

Micromem announced today that they have raised $340,000 Canadian in a private placement.

12/15/2009

Micromem's MRAM product is fully packaged and being tested

Micromem says that their Memory (MRAM) product is now complete through the Global-Communication-Semiconductor and BAE Systems foundries. The MRAM is fully packaged in arrays, and it's being tested and evaluated against standard and routine memory tests.

09/29/2009

Micromem Raises $375,000 in a Private Placement

Micromem announced that they have raised 375K$ in a private placement.

They will use the proceeds from the offering for general working capital purposes.

05/19/2009

Micromem - MRAM RFID samples will be available by end of December

Micromem reports that their MRAM RFID samples will be available by the end of the month. The MRAM arrays are manufactured by Global Communications Semiconductor, and are currently undergoing full performance testing.

Micromem also says that BAE Systems has completed manufacturing of Micromem's wafers. BAE's initial products will also be delivered during December. BAE makes both MRAM arrays and Magnetic Sensors based on Micromem's tech.

12/05/2008

Micromem ships first production level hall sensors for client testing

Micromem Technologies is pleased to announce the first production level shipments of its patented magnetic sensor which is based on the Hall Effect. The sensors have been produced in traditional package configuration and are being distributed to key clients for field evaluation. This is an integral component of the company's MRAM product line.

07/01/2008

BAE Systems to Develop Nano-Sensor Technology in Agreement with Micromem

BAE Systems, under an agreement with Micromem, will co-produce nano-sensor technology that will leverage both companies’ expertise for use in military, commercial, and homeland security applications.

As a foundry and business development partner with Micromem Applied Sensor Technologies, BAE Systems’ Microelectronics Center in Nashua, New Hampshire, will further develop Micromem designs and manufacturability for advanced magnetic random-access memory (MRAM) products. The goal is to bring the designs to maturity and begin production of gallium arsenide-based nano-sensors that offer features such as very high-speed and low-power capability, radiation-hardness, and overall robustness.

07/01/2008

Micromem projects revenue from early pilot orders for magnetic sensors in 2008

Micromem Technologies is pleased to announce that it is fully engaged and conducting business development work in two foundries in the United States. The company expects to enter into a third foundry contract by Q3 2008. Joseph Fuda, the company’s CEO, stated, “With our potential clients beginning to validate our technology and moving towards specific productization plans for their product lines, it is imperative that we continue to have full access to foundry operations. This will ensure the process of moving from constant innovation to product revenue is accelerated.”

04/24/2008