Susie check out MMTI....Flying On No News.
Micromem Technologies, Inc. plans to initially target the replacement market for certain Static RAMs (SRAM), Read-Only Memory (ROM), hard drives (SSD), popular low-capacity DRAMs, add-on memory, battery back-up RAM, military and space applications, telephonics, specialty products requiring non-volatility, and licensee-designed devices. Over time, it plans to broaden its market share to include higher capacity DRAM replacements. It is well to point out that the advent of MAGRAM? does not mandate obsolescence of existing computer systems. Rather, existing memory within existing systems can be complemented, supplemented or replaced with the newer MAGRAM? technology, which will be transparent to system operation.
LONG TERM OBJECTIVES Micromem Technologies, Inc. will pursue the establishment of partnerships with major memory manufacturers to produce MAGRAM? chips compatible with today's standard architectures, and to establish alliances with select computer industry leaders to develop new systems around the technology. Micromem Technologies, Inc. is intent to position MAGRAM? in the forefront of the global computer memory industry.
SHORT TERM OBJECTIVES Concurrent with the introduction of the operational 8-bit prototype, Micromem Technologies, Inc. expects to complete negotiations with select computer industry leaders to form strategic alliances for beta testing in manufacturing and systems development. On the reputation and market strength of these partners plus the demonstrated viability of MAGRAM?, it is anticipated that Micromem Technologies, Inc. will obtain highly-favorable licensing agreements with other major companies worldwide.
HISTORY In 1997, Ataraxia purchased from Mr. Richard Lienau 50% of the patents and 100% of the patent rights for the MAGRAM technology. Pageant (USA), Inc., lead by Stephen Fleming as President and CEO, was formed to develop and market MAGRAM?. Pageant has since become Micromem Technologies, Inc. Micromem Technologies, Inc. contracted with the University of Utah (Dr. Jennifer Hwu, Dr. Larry Sadwick, and team) to develop a working proof-of-principle prototype and set about establishing business operations. It opened an office in Santa Fe, New Mexico and began its talks with key industry players. In order to ensure that MAGRAM? was efficiently and dramatically introduced into the marketplace, Mr. James O'Callaghan, co-founder of the Cirque Corporation and inventor of the GlidePoint touchpad, was retained as a dedicated consultant and made a Director of Micromem Technologies, Inc. (USA). In September 1998, Micromem Technologies, Inc. announced the signing of an agreement to purchase 100% of Pageant.
Micromem expects to begin licensing the MAGRAM(TM) Technology by the first quarter of fiscal year 2000 and expects to start realizing revenues from these arrangements during the first nine months of fiscal year 2000.
What research and development is necessary to begin licensing has been completed by the University of Utah under a Research Agreement dated as of November 24, 1997, and ending December 31, 1999. Micromem expects to do additional research and development work in the future with respect to the MAGRAM(TM) Technology, either on its own to adapt the technology to meet the needs of particular industries or together with licensees to further adapt the technology to their special uses.
Visit their site at magramtm.com and here is recent release also important:
biz.yahoo.com
...and it looks like I got trumped, I had this report all done on Saturday and held it until Monday night tonight, but this was announced with HONEYWELL this morning!!!! BIG BIG news...
ragingbull.com
Now, if you read all the above carefully... read it again twice more. They carefully word everything because they cant really fully disclose possible partners or those major companies looking at the technology right now. Kind of like IARC is rumored to have installations at a major brokerage, but cant officially say so yet. Trade secrets and potential alliances often have to be kept confidential, even though they could greatly help move a stock upward if they were known. If you do enough digging you will find some of this data out there, publicly available, but not widely published. Sometimes a press release gets published later on old news, and a stock moves up... interesting.
Other competitors include IBM and Motorola who have been furiously trying to develop magnetic based memory chips of their own. My research showed that their options were flawed...they could not hold enough power, heated up too much and lost memory etc. To keep this simple MMTI's technology can allow storage of data (like flash memory and Dram chips) without power. WITHOUT POWER. Imagine the applications for Cell Phones, VCR's, Toasters, Coffee makers, PC's, Laptops...goes on and on and on. When your VCR loses all power, what happens? How about the Microwave? Older technology memory cells have to be refreshed in order to maintain memory. They need power to refresh themselves. A major problem with cell phones and laptops is consumption of power and constant need for recharging by the user. Very frustrating. MMTI technology can revolutionize all of the above. I calculated potential revenues from standard 2% licensing fees at upwards of 1 billion per year in 3-5 years, maybe higher. The memory chip market is HUGE. MMTI could capture 20-30% of the marketplace down the road. If Intel, IBM, Honeywell, Allied Signal or others throw money at the company and or adopt or license the technology, the ramifications are tremendous upside to the stock.
The market value of the company at $6 per share is about 220 Million US dollars based on 36.5 million shares outstanding. The potential market value is somewhere around 15-20 billion in 3-5 years if execution happens as expected. That is roughly equivalent to $415 to $525 per share. Is this likely? Hard to say, might be optimistic. Anyone watch what happened to Qualcomm stock after all those years of CDMA development, and its eventual near standardization on Cell phones around the world? One of the most valuable tech companies in the world now.
I urge everyone to read up on the company, visit the website and dig through everything, and make your own decision. This is again a speculative play, but I will personally purchase shares. I have bought some at $6.05 and $5.90 recently. Near term developments and press releases are expected as is possible announcement by one of the aforementioned big names reviewing the technology. Honeywell actually had a working magnetic memory based prototype in 1997, their technology proved too expensive to produce relative to DRAM chips, and used too much power. It would be highly possible for Honeywell to license this chip technology in the near term, possibly even offer to buy MMTI outright. Lately some interesting takeovers have happened with Private firms. CERES was bought by Cisco for 7 billion, a private firm with no revenues and one product. The market value of a technology is often what I look at to get the big picture. Also why I've been high on IARC shares for the long haul.
My initial personal estimate is the company is probably worth $50 per share in 12 months...this is only my guess based on my own methodology. As usual, do your own Due Diligence when investing and make your own decisions. I plan to purchase more shares this week to add to my position, especially on a pullback. It will probably only comprise 3-5% of my overall portfolio, and it is a high risk stock in my opinion. However, with high risk, often comes high reward....
RECENT CHART: (looks like pullback to 4.90 per share would be normal from recent spike)
host.cnbc.com
As usual, I will continue to follow this suggested company and advise my personal opinion on it as things develop. My sources say I should be paying close attention near term. The other item I forgot is the announcement of working 1,000 Bit Array technology that should be available for testing in early Feb...this is really BIG as far as an advancement and proof of this technology.
Press releases are on website or here:
micromeminc.com |
