Micromem Technologies Inc. announced that the Company has received a second purchase order for an ARRA unit for delivery to Romania. This build is the first order for a unit for use in the natural gas industry and follows the order previously announced on July 5th for the oil well project. This additional purchase order expands the market opportunities for Micromem with Romania partners.

With ongoing global supply chain constraints, Micromem's expected delivery of this unit is 16-18 weeks, with evaluation to take an additional 4-6 weeks. When the initial unit is shipped to Romania, Micromem will report revenues from this product sale. This unit will be built by California-based contractor/partner, Entanglement Technologies.

Once this unit is certified by client in Romania, the go forward project will be to create an interconnected "smart gas well" system. This version of the unit will then be further developed with new performance and analytics functionality, it is expected that the analytics for this application will be ready for installation once this unit arrives. client operates approximately 3,000 gas wells in Romania; there is a total of approximately 10,000 producing gas wells in the country.