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Message #28
From: Stock News Bot
Date: March 11, 2008 04:06:10 PM

Micromem Technologies Inc. appoints Henry N. Dreifus to board of directors

TORONTO, March 11 /PRNewswire-FirstCall/ - Micromem Technologies Inc. (OTC-BB:MMTIF) a Toronto-based developer of magnetic random access memory (MRAM), announced today that it has appointed Henry N. Dreifus to serve on the company's board of directors.

Mr. Dreifus is the founder and managing director of Dreifus Associates Limited, Inc. (DAL), a technology, systems development and solutions integration organization. Among his accomplishments Mr. Dreifus holds a key patent on smart card technology and portable electronic transaction technology. Mr. Dreifus has more than 25 years of experience in the high technology field including extensive experience on strategic engagements ranging from magnetic, optical and intelligent (smart cards) for financial, security, consumer marketing and information applications. He is a recognized world expert in the card technology industry, providing vision for the application of enabling technologies to solve business problems, and advises industry, governments and the U.S. Congress on computer and information technology matters.

In addition to his new appointment to the Micromem board, Mr. Dreifus also currently serves on the boards of Viewzi, Inc. a visual search engine company, TelaDoc Medical Services, Inc., a national medical cross-coverage service, and the Defense Business Board of the United States Department of Defense.

'We are pleased to appoint Mr. Dreifus to this position,' said Joseph Fuda, CEO of Micromem. 'His background in delivering advanced technology solutions and in the semiconductor industry will bring to Micromem a dimension and skill set that will help the company as it prepares to commercialize its MRAM and magnetic sensor technologies.'

    Listing: NASD OTC-Bulletin Board - Symbol: 'MMTIF'
Shares issued: 75,263,277
SEC File No: 0-26005

About Micromem Technologies Inc.
--------------------------------

Micromem Technologies, Inc. (www.micromeminc.com) is focused on the development of magnetic random access memory (MRAM) technology.

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