- Micromem Technologies (CSE:MRM) announced the arrival of its ARTRA unit in Toronto, marking a significant step forward in its efforts to enhance fluid sampling capabilities within the natural gas sector
- The team says the unit is now prepared for field trials, showing a commitment to advancing technology in the energy industry
- This modification is expected to significantly improve the efficiency and accuracy of data collection in gas well operations.
- Micromem Technologies stock (CSE:MRM) last traded at $0.05
Micromem Technologies (CSE:MRM) announced the arrival of its innovative ARTRA unit in Toronto, marking a significant step forward in its efforts to enhance fluid sampling capabilities within the natural gas sector.
The team says the unit is now prepared for field trials, showing a commitment to advancing technology in the energy industry.
A new configuration for enhanced performance
In a news update, the company explained that the ARTRA unit serves as the foundation for a second configuration: a well-mounted, fully automated system specifically designed for gas wells. This new setup will utilize an automated sampler system previously developed by Chevron Corp. (NYSE:CVX), allowing for precise fluid sampling and tracer testing capabilities. This modification is expected to significantly improve the efficiency and accuracy of data collection in gas well operations.
Demonstrations and future plans
Before the ARTRA unit is shipped to a European client for inspection and certification, Micromem plans to conduct demonstrations for engineers representing potential clients. These demonstrations will provide an opportunity to showcase the unit’s capabilities and gather valuable feedback from industry professionals.
Following these reviews, Micromem anticipates announcing a timeline for the next phases of the project, which could include further enhancements and broader deployment of the technology.
Continuing to innovate
Micromem Technologies continues to leverage its expertise in sensor technology to address unmet needs in various industries, including oil and gas. The arrival of the ARTRA unit should support the company’s dedication to developing intelligent solutions that enhance operational efficiency and safety in the natural gas sector.
About Micromem
Micromem Technologies Inc. develops, based upon proprietary technology, customized sensor applications for companies. Its solutions include oil sensor solutions, structural integrity sensors, nanoparticle detection solutions and energy storage solutions.
Micromem Technologies stock (CSE:MRM) last traded at $0.05 and though it has grown 150.00 per cent over the past three months, it has lost 50.00 per cent since the beginning of the year.
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(Top image source: Micromem Technologies Inc.)