DGAP-News

American Oil Company Awards Micromem Second Development Contract - Seite 2

Micromem will maintain the rights for use of this technology in non-oil
well applications including but not limited to the construction industry,
road, bridge and other applications where cement is being used. The sensors
will be mixed into the wet cement and poured into whichever form is
required. The sensors will operate by scavenging power from the surrounding
area and 'pinged' by a wireless communication system as required to report
the condition of the cement. The benefits of making cement smart in an
industry where safety and quality of construction are paramount makes this
technology a giant leap in the direction of smart infrastructure systems.
An early warning system that can be connected wirelessly to central
stations located anywhere in the world that will alert the operator to
developing problems before they become a problem will save the industry
time and money and help to protect the environment from dangerous and
damaging oil leaks. Plus when being used in structures such as buildings,
parking structures and bridges the ability to monitor the integrity of the
cement will mean added safety in structures used by the population at
large.

This is another example of how Micromem is building the Internet of Things
by making infrastructure smart and deploying these technologies with global
partners.

Steven Van Fleet says 'Avoiding disasters that occurred in the Gulf of
Mexico is critical to the environmental sustainability of the planet and
the future of oil and gas exploration. Ensuring integrity of the poured
well bore is also a big step in mitigating environmental roadblocks to
fracking. The embedded sensors, as the cement is pumped into the well, will
act as an augmented well cementing engineer, with real-time location
awareness. As soon as the cement integrity sensor is in place, you know
what information it is going to provide you at the surface. This is
knowledge that you normally first have to complete the well and test via
antiquated log methods. Our application is about eliminating slack time and
worry.'

Joseph Fuda says 'Our client has reviewed several proposals to deal with
this important problem and selected our technology as the best candidate
for success in solving this critical issue. We have built a strong
relationship with this client by delivering on our previous project
commitments and demonstrating the ability to solve their problems.'