Micromem Technologies Inc. Appoints New Independent Director
February 24, 2014 3:00 PM EST | Source: Micromem Technologies Inc.
Toronto, Ontario & New York, New York--(Newsfile Corp. - February 24, 2014) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (the "Company") announces Brian Von Herzen, Ph.D. has been appointed by the Board of Directors as an Independent Director. Dr. Von Herzen is a graduate of Caltech, Princeton and a recipient of the Hertz Foundation Fellowship, with extensive experience in the design and development of electronic systems and integrated circuits as well as software systems and hardware/software co-design. He has developed software and hardware systems ranging from apps on smartphones to multi-GHz correlating spectrometers for the Caltech Submillimeter Observatory. He has extensive experience with electronic and optical system development for commercial electronic products.
Since 1993, Dr. Von Herzen has served as Chief Executive Officer at Rapid Prototypes, Inc. providing turnkey electronic product design services, including commercial product specifications and fully functional engineering product prototypes, frequently using programmable logic devices. Rapid Prototypes are experts in the electronic engineering technologies to minimize time to market for new electronic products in networking, consumer electronics and other commercial products. They also have developed some of the world's fastest commercial FPGA applications. Dr. Von Herzen also serves on the board of directors of the Climate Foundation and Bright Energy Storage Technologies, LLP.
About Micromem and MASTInc
MASTInc is a wholly owned
U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (CSE: MRM) (OTCQB: MMTIF) company. MASTInc analyzes the specific industry sectors to
create intelligent game-changing applications that address unmet market needs.
By leveraging its expertise and experience with sophisticated magnetic sensor
applications, MASTInc successfully powers the development and implementation of
innovative solutions for healthcare/biomedical, natural resource exploration,
government, information technology, manufacturing, and other industries. Visit
www.micromeminc.com www.mastinc.com.
Safe Harbor Statement
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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
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Listing: NASD OTC-Bulletin Board - Symbol: MMTIF
CSE - Symbol: MRM
Shares issued: 168,871,451
SEC File No:
0-26005
Investor Contact: info@micromeminc.com; Tel. 416-364-2023
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