BAE Systems is Transferring Micromem Technologies Inc.'s (MMTIF.OB) MRAM Patented Technology
Micromem Technology Inc, a company focused on the development of magnetic random access memory (MRAM) technology, announced that BAE Systems, a premier global defense and aerospace company delivering a full range of products and services for air, land and naval forces, is in process of transferring the MRAM and sensor technology to its Nashua New Hampshire foundry facility. BAE Systems is planning to complete the modification of Micromem’s technology over the coming months. Joseph Fuda, Micromen's President and CEO, said, "This partnership is the ultimate technical validation that Micromem has been looking for. To partner with a global leader such…