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Micromem Technologies Inc. Expands Team to Advance Development of Wearables Gas Sensing Project

Micromem Technologies Inc. Expands Team to Advance Development of Wearables Gas Sensing Project

Toronto, Ontario and New York, New York–(Newsfile Corp. – May 11, 2026) – MicroMEM Technologies Inc. (CSE:MRM) (OTCQB:MMTIF) (“Micromem” or the “Company”) is pleased to announce the participation of two engineering students from the University of Toronto (the “University”) to support the next phase of its gas sensor development program under its collaborative research agreement with the Department of National Defence. (“DND”) and the University.

This initiative builds on the company’s recent progress in ultra-high sensitivity gas detection and accelerates the transition towards integrated wearable gas sensing solutions.

Engineering students will begin work in mid-May and will work directly with the university’s research team on critical software and hardware systems required for wearable platforms, including sensor integration, signal processing, data acquisition and miniaturization efforts. The current phase focuses on developing robust, low-power wearable architectures designed to bridge the gap between laboratory-based high-sensitivity nanowire technology and real-world, field-deployable systems. These advancements are aimed at meeting the demanding performance requirements of defense applications while opening avenues for broader commercialization in industrial, environmental and personal protection markets.

The inclusion of these engineering students represents an important step towards strengthening the collaboration with the University and DND. Their contributions will help accelerate the development of practical wearable gas sensors capable of real-time, high-sensitivity detection in dynamic environments.

MicroMem’s gas-phase sensing platform, based on proprietary nanowire field-effect transistor technology, continues to target dual-use applications. Against the backdrop of increasing global investment in defense and security technologies, Micromem’s dual-use sensing platform is strategically positioned to address both defense requirements and broader commercial applications in the industrial, environmental and security markets.

Wearable formats have the potential to significantly enhance situational awareness and personnel safety for defense personnel, first responders, and industrial users by enabling continuous, unobtrusive monitoring of hazardous gases and volatile compounds. The company anticipates that this phase of development will lead to functional wearable prototypes, followed by validation testing and evaluation with defense stakeholders and potential commercial partners.

Further updates will be provided as major 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 and 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 may cause the Company’s actual results to differ materially from those anticipated in such forward-looking statements. In particular, factors that could cause actual results to differ materially from the forward-looking statements include: our inability to obtain additional financing on acceptable terms; the risk that our products and services will not achieve widespread market acceptance; continued adoption of digital technology by consumers; inability to compete with others offering comparable products; the failure of our technology; infringement of our technology with the proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace important customers; the seasonal nature of our business; and other risks described in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date and do not guarantee 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,” “could,” “will,” “could,” “potential,” and similar expressions may be used to identify forward-looking statements.

CSE or any other securities regulatory authority has not reviewed and does not take responsibility for the adequacy or accuracy of this press release prepared by management.

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Listing: OTCQB – Symbol: MMTIF & CSE – Symbol: MRM

Shares issued: 634,081,495

SEC File Number: 0-26005

Investor Contact: info@micromeminc.com; Telephone. 416-364-2023 Subscribe to receive news releases by email on the home page of our website. www.micromeminc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296938

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