Monitor for contract awards or next-stage demonstration milestones. The filing is a positive but unquantified development; no immediate catalyst for stock movement. Watch for additional funding needs or progress on foreign military submissions.
Price Chart
Executive Summary
Micromem Technologies provided a progress update on its wearable sensing platform for defence applications, reporting that its prototype meets target cost (<$1000 CAD/unit) and weight (<250g) specifications. The company anticipates an initial annual order of approximately 5,000 units from the Department of National Defence and plans to submit the design to foreign militaries later this year. No concrete contracts or revenues were announced, making this a development-stage milestone with speculative revenue potential.
Key Facts
- Press release dated June 23, 2026
- Prototype meets cost target of under $1000 CAD per unit and weight under 250 grams
- Anticipated initial annual order of approximately 5,000 units from DND
- Company to submit design to foreign militaries later this year
- Shares outstanding: 649,099,645
Financial Impact
Potential annual revenue of ~$5M CAD if 5,000-unit order materializes at <$1000/unit, but no contract secured
Risk Factors
- No guaranteed orders; dependent on DND and foreign military evaluation
- Company may require additional financing to complete development
- Technology and market acceptance risks
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001062993-26-003313 |
| Document: form6k.htm | 0001062993-26-003313 |
| Document: 0001062993-26-003313-index-headers.html | 0001062993-26-003313 |
| Document: 0001062993-26-003313-index.html | 0001062993-26-003313 |
| Document: 0001062993-26-003313.txt | 0001062993-26-003313 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 6-K | $0.0100 | awaiting T+60 | — | $0.0250 (+150.00%) |
Jun 29, 2026 17w ago | 6-K | $0.0200 $0.0200 | · 0.00% | ▲ +3.05% | $0.0250 (−25.00%) |
Jun 23, 2026 18w ago | 6-K | $0.0200 $0.0147 | ▼ −26.50% | ▼ −29.79% | $0.0250 (+25.00%) |
Jun 1, 2026 21w ago | 6-K | $0.0100 $0.0118 | ▲ +18.00% | ▲ +16.88% | $0.0250 (+150.00%) |
May 19, 2026 23w ago | 6-K | $0.0200 $0.0120 | ▼ −40.00% | ▼ −45.00% | $0.0250 (+25.00%) |
May 11, 2026 24w ago | 6-K | $0.0200 $0.0174 | ▼ −13.00% | ▼ −17.38% | $0.0250 (+25.00%) |
Mar 30, 2026 30w ago | 6-K | $0.0200 $0.0200 | · 0.00% | ▼ −12.38% | $0.0250 (+25.00%) |
US Market Status
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