“Our patented three-dimensional statistical manufacturing process that includes Micromem’s patented magnetic sensors is positioned to revolutionize computer keyboard technology, with immediate impact on the healthcare sector via Unotron,” says Steven Van Fleet, president of MASTInc.

This agreement is anticipated to result in around $77 million in revenue to MASTInc over the next five years. The revenues for MASTInc from units planned to be shipped for 2009 is expected to reach $5 million.

Van Fleet adds, “MASTInc technology may also represent a breakthrough in the manufacturing of new Unotron products such as kiosks, ATMs, and other key pad technologies, while still allowing the electronic components to be completely sealed to keep out water and germs.”

Micromem is a Canada-based developer of non-volatile magnetic memory technology.