Micromem Technologies Inc.

Micromem Technologies Inc.

March 24, 2005 11:20 ET

Micromem Technologies Inc. Chief Technology Officer Interviewed by Wall Street Reporter


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MICROMEM TECHNOLOGIES INC.

OTC Bulletin Board SYMBOL: MMTIF

MARCH 24, 2005 - 11:20 ET

Micromem Technologies Inc. Chief Technology Officer
Interviewed by Wall Street Reporter

TORONTO, ONTARIO--(CCNMatthews - March 24, 2005) - Micromem Technologies
Inc. ("Micromem")(OTCBB:MMTIF), a company engaged in the research and
development of Magnetic Random Access Memory (MRAM), is pleased to
announce that its Chief Technology Officer, Dr. Cynthia Kuper, has been
interviewed by the Wall Street Reporter. The interview covered topics
including the company's technology, management and future strategic
growth initiatives.

Investors interested in hearing the interview may do so at
www.wallstreetreporter.com. The interview will be posted on that site
for seven days until Tuesday, March 29, 2005.

About Micromem Technologies Inc.

Over the last five years, Micromem has been devoted to the development
of MRAM technology. Once fully developed, this technology should be
suitable for various applications including Radio Frequency
Identification (RFID) tags, which will be Micromem's first market
objective. All MRAM development work is undertaken pursuant to research
collaboration agreements among Micromem, the University of Toronto, Dr.
Harry Ruda and OCE Inc., a not-for-profit corporation supported through
the Ontario Ministry of Economic Development and Trade's (MEDT) Ontario
Centres of Excellence program. Micromem holds the first right to an
exclusive, world-wide and perpetual sub-license for the use of the
technology.

Listing: NASD OTC-Bulletin Board - Symbol: "MMTIF"

Shares issued: 59,291,771 (as of February 11, 2005)

SEC File No: 0-26005

Statements in this news release that are not historical facts, including
statements about plans and expectations regarding products and
opportunities, demand and acceptance of new or existing products,
capital resources and future financial results are forward-looking.
Forward-looking statements involve risks and uncertainties, which may
cause Micromem's actual results in future periods to differ materially
from those expressed or suggested herein. These uncertainties and risks
include, without limitation, the inherent uncertainty of research,
product development and commercialization, the impact of competitive
products and patents, our ability to fund our current and future
business strategies and respond to the effect of economic and business
conditions generally as well as other risks and uncertainties detailed
from time to time in Micromen's filings with the Securities & Exchange
Commission. For more information, please refer to Micromem's Annual
Report on Form 20-F and its Form 6-Ks as filed with the U.S. Securities
and Exchange Commission. Micromem is under no obligation (and expressly
disclaims any obligation) to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Schwartz Public Relations
    Steven Wright-Mark (Press Contact)
    (212) 677-8700, ext. 29
    steven@schwartzpr.com
    No securities regulatory authority has approved or disapproved of this
    news release.