MICROMEM TECHNOLOGIES INC (MMTIF) Form 6-K — Jun 23, 2026
Micromem Technologies Inc. provided a positive update on its wearable sensing platform for defense and security applications, stating the prototype has met all target cost and functionality objectives. The current design weighs less than 250 grams and has an anticipated cost of under $1,000 CAD per unit. The company anticipates an initial annual order of approximately 5,000 units from the Department of National Defence, though a binding agreement has not yet been finalized.
Key figures
- Shares issued
- 649,099,645
- Target cost cad
- < 1000
- Target weight grams
- < 250
- Anticipated annual order units
- 5,000
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