Micromem Technologies Inc. develops magnetic sensor applications for companies operating in various industry segments. The Company operates in development and commercialization efforts with respect to the Company's proprietary sensor applications segment. The Company's sensor technology combines the use of microelectromechanical systems (MEMS) and nanoelectromechanical systems (NEMS) for its sensor platforms. The Company's subsidiaries include Micromem Applied Sensors Technology, Inc. (MAST) and 7070179 Canada Inc. MAST is engaged in the exploitation of the Company's technologies in conjunction with various partners and customers. MAST offers various applications, including radiation-hardened, environmentally robust solutions for Defense; cost effective solutions for consumer-oriented devices; highly sensitive solutions for life science and natural resource applications, and high temperature applications for the automotive industry.