6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

December, 2008

Commission File Number 0-26005

MICROMEM TECHNOLOGIES INC.

 777 Bay Street, Suite 1910, Toronto, ON  M5G 2C8

[Indicate by checkmark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.]

Form 20-F Q     Form 40-F £

             [Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]

Yes £      No Q

[If “Yes” is marked, indicate below the file number assigned to the registrant in connection with rule 12g3-2(b):        N/A

This report on Form 6-K is hereby incorporated by reference in the registration statement on Form F-3 (Registration No. 333-134309) of Micromem Technologies Inc. and in the prospectus contained therein, and this report on Form 6-K shall be deemed a part of such registration statement from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished by Micromem Technologies Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934.

SIGNATURES    

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	MICROMEM TECHNOLOGIES INC.
	By:       /s/ Joseph Fuda
Date: December 16, 2008	Name: Joseph Fuda
	Title:   Chief Executive Officer

Exhibit Index

Exhibit
Number	Exhibit Description
99.1	Press Release – Micromem Technologies Inc. Provides Technology Update Concerning Glucose Monitoring Device, Life Cycle Testing, and Automobile Motor Oil Testing Applications

EX-99.1

FOR IMMEDIATE RELEASE December 15, 2008

Micromem Technologies Inc. Provides Technology Update Concerning Glucose
Monitoring Device, Life Cycle Testing, and Automobile Motor Oil Testing Applications

TORONTO/NEW YORK, December 15, 2008-Micromem Technologies Inc., (OTC BB:MMTIF), and its wholly owned U.S. subsidiary, Micromem Applied Sensor Technologies, Inc. (MASTInc), issues an additional technology update and discusses business development initiatives.

Glucose Monitoring Device:

At the request of a medical device company and based on material provided to them, MASTInc has recently begun design work on glucose characterization and specificity testing with its magnetic sensor. MASTInc’s design will have the potential of using its sensor in a non-invasive approach to detect fluctuations in blood glucose. This application will be a great advancement in healthcare for diabetics who are forced to puncture their fingers daily to test blood sugar levels.

MASTInc envisions similar designs for magnetic sensor-based devices that could detect proteins, enzymes, or hormones in the blood, thus enabling patients to get ahead of the diagnostic curve of a wide range of diseases, conditions, and chemical imbalances. While this will not eliminate injections, injections for the purpose of medical screening and diagnostic aspects might some day be no longer needed, or be relegated to secondary confirmation vs. a base analysis data point (especially for diabetic shock).

Life Cycle Testing (Picture Included):

Texas Advanced Optoelectronic Solutions (TAOS), a leading developer, manufacturer, and marketer of integrated optoelectronic sensor products, has been engaged by Micromem to assess Micromem’s patented magnetic sensors against Micromem’s published product data sheet and against competitive products in the market. Given TAOS’s global sales channels, a potential partnership with TAOS would bring a significant distribution opportunity to Micromem. Pending positive product assessment and further agreement between companies, a mutually beneficial partnership to deliver product worldwide could ensue.

Automobile Motor Oil Testing Application:

At the request of an automotive manufacturer, MASTInc has also begun design work on an oil sensor for the auto industry. This sensor design will be delivered in two forms, one that is inserted through a plug in automobile oil pans and the second on the side of the oil filter. MASTInc believes its magnetic sensor is sensitive enough to detect oil breakdown in automobile engines; the goal being to alert vehicle owners as to the optimal time to change the oil, thereby reducing engine damage and improving gasoline mileage. MASTInc is scheduled to begin marketing and sales of this product in Q109.

Management Comment:

"We are pleased to add these important points to the technology update issued last week and provide our shareholders with a sense of the broad landscape that our team is focusing on with our product," said Steven Van Fleet, MASTInc President. "With several joint development agreements with leading companies already underway, we are well-positioned for generating revenues in 2009. We look forward to updating our shareholders as we enter our sales and marketing phase."

About Micromem Technologies Inc. and MASTInc

MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (OTC: MMTIF) fabless semiconductor company with headquarters in Toronto, Canada and an office in New York City. Micromem holds and continues to develop a broad-based patent portfolio of Magnetoresistive Random Access Memory (MRAM) and magnetic sensor technologies. Micromem’s MRAM patents create a solution for performance driven, radiation hard, non-volatile memory applications. MASTInc is focused on business development efforts and is working on the launch of sensory products for use in both defense and consumer applications. Its first product, GC-0301, is far superior to the competition with over 200 V/T, making it one of the most sensitive hall sensors on the market without the need for external amplification. MASTInc is working with companies that have large-scale capabilities and expects to sign contracts in the coming quarters.

Safe Harbor Statement

This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include, our inability to obtain additional financing on acceptable terms, risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology, inability to compete with others who provide comparable products, the failure of our technology, inability to respond to consumer and technological demands, inability to replace significant customers; seasonal nature of our business and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential," and similar expressions may be used to identify forward-looking statements.

Listing: NASD OTC-Bulletin Board - Symbol: MMTIF
Shares issued: 83,186,667
SEC File No: 0-26005

Contact:
The Investor Relations Group, Inc.
Adam Holdsworth/James Carbonara, 212-825-3210
or
Public Relations
Susan Morgenbesser/Andrew Conn, 212-825-3210