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Micromem Technologies ( (TSE:MRM) ) has provided an update.
On February 10, 2025, Micromem Technologies announced a collaboration with the University of Toronto, Defense Research and Development Canada, and the Natural Sciences and Engineering Research Council of Canada to develop advanced biochemical sensors for military and industrial applications. This collaboration, initiated in 2023, has made significant advancements, including AI and machine learning capabilities. Micromem will have exclusive worldwide rights to the intellectual property created, offering new opportunities in military and commercial sectors for environmental contaminant detection.
More about Micromem Technologies
Micromem Technologies Inc. is a publicly traded company that specializes in creating intelligent, game-changing applications for unmet market needs across various sectors such as oil and gas, utilities, automotive, healthcare, government, information technology, and manufacturing. The company leverages its expertise in sophisticated sensor applications to develop innovative solutions for these industries.
YTD Price Performance: 60.0%
Average Trading Volume: 123,936
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$43.75M
Learn more about MRM stock on TipRanks’ Stock Analysis page.
