NEW YORK, Nov. 3, 2014 /PRNewswire/ -- OTC Markets Group
Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected
financial marketplaces, today announces Micromem Technologies Inc.
("Micromem") (CSE: MRM; OTCQX: MMTIF), a technology company focused
on magnetic sensor applications, has qualified to trade on
OTCQX®, the best marketplace.
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Micromem begins trading today on OTCQX under the symbol "MMTIF."
U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"We welcome Micromem to the growing family of established global
and growth companies on OTCQX," said R.
Cromwell Coulson, President and CEO of OTC Markets
Group. "OTCQX enables investor-focused companies like
Micromem to demonstrate their transparency to investors and grow
their U.S. shareholder base. We look forward to working with
Micromem and wish the company continued success."
Joseph Fuda, Micromem CEO, added,
"We are very pleased to have qualified for trading on OTCQX and we
thank the OTC Markets Group team for their assistance and support
through the application process. Upgrading to OTCQX is a very
positive step forward for Micromem. It confirms the progress
that our company has made over the past 12 months in moving
business forward, ultimately allowing it to meet the OTCQX
requirements."
Dorsey & Whitney LLP serves as Micromem's Principal American
Liaison ("PAL") on OTCQX, responsible for providing professional
guidance on OTCQX requirements.
Micromem is a technology company focused on magnetic sensor
applications, meeting the need to create smart infrastructure.
With a growing list of Fortune 100 customers, Micromem has
developed innovative solutions to meet the needs of utility, oil
and automotive companies. Its product offerings are designed to
solve unmet needs (www.micromeminc.com).
Through its wholly owned subsidiary, Micromem Applied Sensor
Technologies, Inc. (MAST, Inc.), Micromem has begun to deliver
smart infrastructure technology solutions to meet the growing
"Internet of Things" (www.mastinc.com/industries).
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through
our OTC Link® ATS, we directly link a diverse network of
broker-dealers that provide liquidity and execution services for a
wide spectrum of securities. We organize these securities
into marketplaces to better inform investors of opportunities and
risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture
Marketplace; and OTC Pink®, The Open Marketplace. Our
data-driven platform enables investors to easily trade through the
broker of their choice at the best possible price and empowers a
broad range of companies to improve the quality and availability of
information for their investors. To learn more about how we
create better informed and more efficient financial marketplaces,
visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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SOURCE OTC Markets Group Inc.