MEMEX Recognized as one of the Strongest Performing Companies on the TSX Venture Exchange

BURLINGTON, ON–(Marketwired – Feb 23, 2017) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) announces today that it was recognized as a 2017 TSX Venture 50 Company. The TSX Venture 50™ are the 50 strongest performing companies (out of 1,643 listings) on the TSX Venture Exchange.

Memex was ranked 4th in the Technology category (out of 131 listings) based on a ranking formula which equally weights market cap, trading volume, and share price. To commemorate this achievement, CEO David McPhail will join other TSX Venture 50 representatives at a market opening ceremony on Friday, February 24th, 2017.

“It is an honour to be selected as one of the leading technology companies for the TSX Venture 50,” said David McPhail. “The award is a testament to our corporate vision, innovative product offerings, and execution in the growing Industrial Internet of Things market. We are well positioned in IIoT and are excited about our growth opportunity in 2017 and beyond. This achievement was made possible through the continued support and confidence MEMEX received from its employees, shareholders, customers, and other business partners.”

About TSX Venture 50:

The TSX Venture 50 is an annual ranking by the TMX Group of 50 upcoming companies on the TSX Venture Exchange. The list is determined by assigning equal weighting to share price appreciation, trading volume, and market capitalization growth. The companies in the list have results in key measures of market performance.

About MEMEX:

MEMEX was founded with a vision to improve the way automated machine and production equipment work and connect on the factory floor. Since then MEMEX has proved itself a pioneer in IIoT time and again. The company is committed to its mission of “successfully transforming factories of today into factories of the future” and envisions converting every machine into a node on the corporate network, creating visibility from shop-floor-to-top-floor. MEMEX is the developer of MERLIN, an award-winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time. MEMEX’s software and hardware IIoT solution enable customers to achieve tangible IIoT-centric business outcomes. The MERLIN software suite and connectivity products has enabled manufacturers to achieve upwards of a 50% increase in productivity and a 20%-plus increase in profit, on average. Additionally, customers have secured payback in less than four months, which equates to an Internal Rate of Return greater than 300 per cent. For more information, please visit: www.MemexOEE.com.

Media Contacts

Memex Inc.: David McPhail, CEO

Phone: 519-993-1114

Email: david.mcphail@MemexOEE.com

 

Rashi Rathore, Marketing Manager

Phone: 905-635-3040 ext 103

Email: Rashi.Rathore@MemexOEE.com

 

Investor Relations

Sean Peasgood, Investor Relations

Phone: 416-565-2805

Email: Sean@SophicCapital.com

Click here to download the 2017 TSX Venture 50 Winners

MEMEX Inc. announces MERLIN Tempus™ and MERLIN Tempus Enterprise Edition Available for First Customer Ship (FCS)

Customer Beta Trial Feedback is Encouraging

BURLINGTON, ON–(Marketwired – Feb 21, 2017) – Memex Inc. (“MEMEX”) (TSX VENTURE: OEE) is pleased to announce the official release of MERLIN Tempus and MERLIN Tempus Enterprise Edition (EE), the next generation of our award-winning MERLIN Manufacturing Execution System software platforms.

Dave McPhail, President and CEO of MEMEX Inc., stated, “Following our Tempus debut at IMTS last September, we received significant interest in the platform’s next-generation, machine monitoring / analytics capabilities. Several of these inquiries led to beta tests with a number of clients and prospects, and their feedback was overwhelmingly positive.

With MERLIN Tempus and MERLIN Tempus EE, MEMEX is again redefining what it means to truly know what is happening in your manufacturing operations, regardless of industry vertical served. MEMEX has long been recognized as the leader in both shop floor monitoring, as well as providing MTConnect software and hardware solutions for any piece of manufacturing equipment on the plant floor. These new products will further differentiate MEMEX from the competition.

MEMEX’s entirely new software and hardware platforms build upon the success of the current award-winning MERLIN software suite and connectivity products, which has enabled manufacturers to achieve upwards of a 50% increase in productivity, a 20% plus increase in profit on just a 10% increase in OEE and payback in less than four months, which all equates to an Internal Rate of Return greater than 300%.”

About MERLIN Tempus and MERLIN Tempus Enterprise Edition:

MERLIN Tempus is an open and extensible Manufacturing Execution System (MES) platform that offers the next generation of tools and a dynamic configurable dashboard that provides a complete customizable view of shop floor operations. Tempus is Latin for time. MERLIN Tempus measures and analyzes manufacturing time. MERLIN Tempus tells manufacturers exactly how time is being used on their shop floors, with operators, with sensors and with any type of manufacturing asset. Developed using state-of-the-art software engineering technologies, including .NET and RESTful API’s, MERLIN Tempus delivers green-light metrics and analytical capabilities to effectively reduce downtime while increasing throughput and profits. MERLIN Tempus EE extends the capabilities of the MERLIN Tempus platform with full Overall Equipment Effectiveness (OEE) and integrated job scheduling. MERLIN Tempus supports MTConnect, Fanuc Focas, Fanuc I/O link to MTConnect®, OPC and other software protocols.

MERLIN Tempus and MERLIN Tempus EE are highly scalable, extensible and are open Manufacturing Execution System platforms. This is significant because it greatly simplifies and truly enables customers and partners to build upon the countless features and services MERLIN Tempus has to offer.

About MEMEX:

MEMEX, the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of “Successfully transforming factories of today into factories of the future” and encouraged by the accelerating adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on corporate networks, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs and incorporate strategies for continuous lean improvement. For more information, please visit: www.MemexOEE.com.

Media Contacts

David McPhail
CEO
Phone: 519-993-1114
Email: david.mcphail@memexoee.com

Rashi Rathore
Marketing Manager
Phone: 905-635-3040 ext 103
Email: Rashi.Rathore@memexoee.com

Investor Relations
Sean Peasgood
Investor Relations
Phone: 416-565-2805
Email: Sean@SophicCapital.com

 

Frost & Sullivan recognizes MEMEX Inc. as 2016 Global Product leader in Machine Monitoring System

SANTA CLARA, California, Jan. 19, 2017 /PRNewswire/ — Based on its recent analysis of the global machine monitoring systems market, Frost & Sullivan has recognized MEMEX Inc. with the 2016 Global Frost & Sullivan Award for Product Leadership. With this award, MEMEX receives worldwide acclaim for its turnkey machine monitoring and automation solutions, especially its flagship product, MERLIN, a next generation scalable IIoT communication platform. The company continuously improves its products to stay relevant to a cross section of customers from the aerospace, automotive, and advanced industrial sectors. It further sets itself apart with its outstanding technical service, support, training, and software developm

By offering true shop floor to top floor communication and visibility at plant- and enterprise-level along with enhanced data collection, and tailored reporting capabilities, MERLIN presents specific data results that customers need to make strategic decisions reducing their overall capital expenditure. The MERLIN platform connects the shop floor with the top floor of any manufacturing facility by leveraging the Industrial Internet of Things (IIoT) Mega Trend in its overall concept and design. Acknowledging the importance of user friendliness, MEMEX designed the system in a way that the installed communications base and open machine integration software collects and houses all machinery data in a single, easy-to-access control panel and displays the data on an interactive dashboard. Furthermore, MERLIN  helps customers track and understand various performance metrics displayed on its system dashboard and performance trend charts.

“One of the distinguishing features of MERLIN is its operator portal, with its ability to perform machine-related operator inputs through a Microsoft Windows-based application,” said Frost & Sullivan Research Analyst, Rohit Karthikeyan. “This parameter-driven software allows operators to quickly tailor the operator portal to display the information they need on their personal devices. It makes the machine information accessible while still channeling operator information inputs, commands, and notices through the plant’s communication platform.”

Underlining its commitment to innovation, MEMEX expanded MERLIN’s offerings to include:

  • MERLIN Tempus, which supports enterprise-level machine connections and serves as a platform for shop floor communications
  • MERLIN MES, which enhances monitoring and browser-based graphical display capabilities for complete manufacturing execution systems
  • MERLIN DNC, which facilitates file transfers to machines from computer-aided drawing and manufacturing programs
  • MERLIN FOEE, which provides specialized financial overall equipment effectiveness (OEE) metrics to visualize real-time hourly profit contribution by product
  • MERLIN MTC-One, a circuit board hardware that connects machines to a network with multiple analog and digital inputs

MEMEX has taken innovation a step further by including product features such as the HTML-based widgets in the dashboard presentation layers of MERLIN. These widgets permit customers to smoothly tailor their data reporting to show only specific and relevant machine performance information to production teams. Combined, these features result in a highly scalable data reporting solution.

“MEMEX looks to make ‘cross-industry machine connections’ by providing machine and process monitoring, OEE, and communications functionalities,” noted Karthikeyan. “No other machine monitoring system offers such a solution, and it helped MEMEX achieve its mission of measuring manufacturing excellence.”

Each year, Frost & Sullivan presents this award to the company that develops a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the solution quality and the customer value enhancements it enables.

Frost & Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.

About MEMEX

MEMEX Inc., the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of “Successfully transforming factories of today into factories of the future” and encouraged by the accelerating adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on the corporate network, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs and incorporate strategies for continuous lean improvement. For more information, please visit: www.MemexOEE.com

Media Contact
MEMEX Inc.:
David McPhail, CEO
Phone: 519-993-1114
Email: david.mcphail@MemexOEE.com

Rashi Rathore, Marketing Manager
Phone: 905-635-3040 ext 103
Email: Rashi.Rathore@MemexOEE.com

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.

Contact:

Chiara Carella
P: +44 (0) 207.343.8314
F: 210.348.1003
E: chiara.carella@frost.com

Click here to read more

 

Memex Inc. Presenting at the LD Micro “Main Event” Investor Conference

BURLINGTON, ON / ACCESSWIRE / December 1, 2016 / Memex Inc. (“MEMEX”) (TSX VENTURE: OEE) announced today that its Chief Executive Officer, David McPhail, will present at the 9th annual LD Micro Main Event Investor Conference on Tuesday, December 6, 2016 at 2:30pm Pacific Time at the Luxe Hotel in Los Angeles, California. Mr. McPhail will also meet with investors.

“Our presentation at a recent U.S.-based conference generated significant interest and resulted in numerous meetings. I am excited to share the MEMEX story with investors at the LD Micro conference,” said Mr. McPhail. “We believe the quality and breadth of tech companies attending the LD Micro Investor Conference will attract like-minded investors with whom our story will resonate.”

View Memex Inc.’s profile here: http://www.ldmicro.com/profile/OEE.V

About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event).

In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and microcap universe.

For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com/events for more information.

About MEMEX

MEMEX, the developer of MERLIN, an award winning IIot technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of, “Successfully transforming factories of today into factories of the future”, and encouraged by the accelerating adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on the corporate networks, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs, and incorporate strategies for continuous lean improvement.

Media Contact
Memex Inc.:
David McPhail, CEO
Phone: 519-993-1114
Email: david.mcphail@MemexOEE.com

Rashi Rathore, Marketing Manager
Phone: 905-635-3040 ext 103
Email: Rashi.Rathore@MemexOEE.com

Investor Relations
Sean Peasgood, Investor Relations
Phone: 416-565-2805
Email: Sean@SophicCapital.com

MEMEX Inc. Discusses IIoT Market, Growth Drivers, Goals and Milestones for 2016-2017 in New SNNLive Interview

LOS ANGELES, Nov. 17, 2016 /PRNewswire/ — StockNewsNow.com, The Official MicroCap News Source™, today published SNNLive Video Interview with David McPhail, President and CEO of MEMEX Inc. (TSX-V: OEE), the developer of MERLIN, an Industrial Internet of Things (IIoT) technology platform that delivers manufacturing productivity in Real-Time, according to the company’s website (see here: www.memexoee.com). The video interview was recorded on Monday, October 24th, 2016 at The MicroCap Conference 2016 in Philadelphia, PA.

Click the following link to watch the SNNLive Video Interview on StockNewsNow.com:

MEMEX Inc. – Developer of IIoT Technology Platform Delivering Manufacturing Productivity in Real-Time

You can follow Stock News Now on FACEBOOK, TWITTER, LINKEDIN, YOUTUBE, and STOCKTWITS

Please review important disclosures on our website at: http://stocknewsnow.com/legal.php#disclaimer

About MEMEX Inc.

MEMEX, the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of “Successfully transforming factories of today into factories of the future” and encouraged by the accelerating adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on corporate networks, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs and incorporate strategies for continuous lean improvement.

For more information and company description, please visit: www.memexoee.com

About StockNewsNow.com

StockNewsNow.com is a microcap financial news portal that features news and insights from the microcap and emerging growth financial community. StockNewsNow.com is a multimedia destination hub for information about microcap and emerging growth public and private companies, market events, news, bulletins, stock quotes, expert commentary and company profiles that feature SNN-produced video like SNNLive CEO video interviews, as well as their latest news and headlines. Users can engage directly and share the information provided through social media.

Follow the companies YOU want to know more about; read and watch content from YOUR favorite microcap, emerging growth financial experts; register to attend financial conferences of YOUR choosing; find microcap and emerging growth financial professionals that YOU may be looking for – all here on StockNewsNow.com.

MEMEX Inc. Discusses IIoT Market, Growth Drivers, Goals and Milestones for 2016-2017 in New SNNLive Video Interview with StockNewsNow.com

LOS ANGELES, Nov. 17, 2016 /PRNewswire/ — StockNewsNow.com, The Official MicroCap News Source™, today published SNNLive Video Interview with David McPhail, President and CEO of MEMEX Inc. (TSX-V: OEE), the developer of MERLIN, an Industrial Internet of Things (IIoT) technology platform that delivers manufacturing productivity in Real-Time, according to the company’s website (see here: www.memexoee.com). The video interview was recorded on Monday, October 24th, 2016 at The MicroCap Conference 2016 in Philadelphia, PA.

Click the following link to watch the SNNLive Video Interview on StockNewsNow.com:

MEMEX Inc. – Developer of IIoT Technology Platform Delivering Manufacturing Productivity in Real-Time

You can follow Stock News Now on FACEBOOK, TWITTER, LINKEDIN, YOUTUBE, and STOCKTWITS

Please review important disclosures on our website at: http://stocknewsnow.com/legal.php#disclaimer

About MEMEX Inc.

MEMEX, the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of “Successfully transforming factories of today into factories of the future” and encouraged by the accelerating adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on corporate networks, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs and incorporate strategies for continuous lean improvement.

For more information and company description, please visit: www.memexoee.com

 

About StockNewsNow.com

StockNewsNow.com is a microcap financial news portal that features news and insights from the microcap and emerging growth financial community. StockNewsNow.com is a multimedia destination hub for information about microcap and emerging growth public and private companies, market events, news, bulletins, stock quotes, expert commentary and company profiles that feature SNN-produced video like SNNLive CEO video interviews, as well as their latest news and headlines. Users can engage directly and share the information provided through social media.

Follow the companies YOU want to know more about; read and watch content from YOUR favorite microcap, emerging growth financial experts; register to attend financial conferences of YOUR choosing; find microcap and emerging growth financial professionals that YOU may be looking for – all here on StockNewsNow.com.

MEMEX Wins CIX Top 20 Award

BURLINGTON, ON–(Marketwired – Nov 15, 2016) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) announces that the Company is the recipient of the Canadian Innovation Exchange (CIX) Top 20 Award. MEMEX was selected as one of Canada’s “Top 20” hottest innovative public technology companies. Hundreds of company profiles were reviewed and the winners were chosen by a selection committee comprised of technology experts and investors from across the country. CEO David McPhail will be making a presentation at the CIX Public Investor Day on the afternoon of November 23, between 4.00 – 4.40 pm, in Toronto at the MaRS Discovery District.

“It is an honour to win a CIX Top 20 award and be recognized as a leading Canadian innovator,” said Mr. McPhail. “I would like to thank CIX for organizing the public investor day and allowing MEMEX to share its story with investors.”

About the Canadian Innovation Exchange:

The Canadian Innovation Exchange (CIX) is a showcase for great Canadian innovation while catalyzing strategic relationships and transactions across this dynamic sector. Its objective is to bring together the key leaders and protagonists of technology-based innovation in order to learn from each other and to showcase and celebrate the tremendous innovative products, services and technologies that exist today and are providing the fuel for our economy to grow. The CIX is over three days, CIX FinTECH on Nov 21, Canadian Innovation Exchange on Nov 22 and CIX Public Investor Day on Nov 23.

About MEMEX:

MEMEX, the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of “Successfully transforming factories of today into factories of the future” and encouraged by the accelerating adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on the corporate networks, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs and incorporate strategies for continuous lean improvement. For further information, visitwww.MemexOEE.com

Media Contact                                                                                 

Memex Inc.:

David McPhail, CEO

Phone: 519-993-1114

Email: david.mcphail@MemexOEE.com

 

Rashi Rathore, Marketing Specialist

Phone: 905-635-3040 ext 103

Email: Rashi.Rathore@MemexOEE.com

 

Investor Relations

Sean Peasgood, Investor Relations

Phone: 416-565-2805

Email: Sean@SophicCapital.com

MEMEX President and CEO Presenting at StableView TECH16, Toronto

Burlington, Ontario, Canada – October 14, 2016 – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE:OEE) announces that President and CEO David McPhail will present the Company’s investment thesis at StableView Asset Management Inc.’s TECH16 conference on Tuesday, October 18 in Toronto.  Mr. McPhail will also provide a corporate update and participate in a Q&A session afterwards.

“StableView Asset Management has a successful history of investing in technology companies,” said Mr. McPhail. “Their track record draws Toronto’s capital markets community to their TECH16 Conference. We’re excited to tell our story to these professionals at this forum.”

The StableView TECH16 Conference is being held at the Arcadian Loft, located at 401 Bay Street, Simpson Tower, 8th floor. To attend Mr. McPhail’s presentation, please register for the StableView TECH16 Conference at https://eventmobi.com/tech16/.

About the StableView TECH16 Conference:

The StableView TECH16 conference is Canada’s premiere Technology Event in Canada curated by a buy-side firm. The event brings all capital market participants together including institutional and retail buy-side, broker dealers and service providers all under one roof. The goal of the event is to showcase Canadian Tech companies – both private and public and help further familiarize and educate the Canadian capital market participants to the investment opportunities in Canadian Technology. For more information about the StableView TECH16 Conference, please go to https://eventmobi.com/tech16/.

The selected charity for the StableView TECH16 Conference is Diaper Bank of Toronto. They help fill a critical and otherwise unmet need for Diapers among the most vulnerable in our community. More information and donations can be made at www.diaperbank.ca.

About MEMEX:

MEMEX, the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of “Successfully transforming factories of today into factories of the future” and encouraged by the accelerating adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on the corporate networks, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs and incorporate strategies for continuous lean improvement. For further information, visit www.MemexOEE.com

Media Contact                                                                                 

Memex Inc.:

David McPhail, CEO

Phone: 519-993-1114

Email: david.mcphail@MemexOEE.com

Rashi Rathore, Marketing Specialist

Phone: 905-635-3040 ext 103

Email: Rashi.Rathore@MemexOEE.com

Investor Relations

Sean Peasgood, Investor Relations

Phone: 416-565-2805

Email: Sean@SophicCapital.com

Memex Inc. Gains Industry Attention at IMTS 2016

$500,000 of New Orders Received Since the Show

BURLINGTON, ON–(Marketwired – Oct 5, 2016) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) announces that in the two weeks since the International Manufacturing Technology Show (IMTS) 2016, MEMEX has secured an aggregate of half a million dollars in new purchase orders. Purchase orders were received  from a combination of new customers to MEMEX, as well as follow-on orders from existing MEMEX customers.

IMTS is the largest trade show of its kind in North America with over 115,000+ attendees and was held in Chicago, between September 12th to the 17th. Many large businesses shop for the best solution at IMTS and hold-off making any large capital purchases until after the trade show.

“MEMEX’s attendance at IMTS generated quality leads with the potential to connect thousands of machines for MEMEX over the next several years,” said David McPhail, MEMEX’s President and CEO. “We also had meaningful discussions with many potential industry leading partners, wanting to leverage the value offered by high-quality IIoT software, where we could jointly work with their salespeople to drive our products into major accounts.”

“We’ve seen a major transition within the manufacturing community that shows technology adoption future,” said John Rattray, Vice President of Sales. “At the last IMTS show two years ago, most manufacturers did not quite grasp the concepts of Real-Time OEE or Data-Driven Manufacturing. This year, prospects that visited our booth seemed to be far more in tune with the business value of Smart Manufacturing. The industry appears to be recognizing that IIoT technology is ‘game-changing,’ and they need it to stay competitive.”

About MEMEX

MEMEX, the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of “Successfully transforming factories of today into factories of the future” and encouraged by the accelerating adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on the corporate networks, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs and incorporate strategies for continuous lean improvement. For more information, please visit:www.MemexOEE.com

Forward-Looking Statements

The statement “MEMEX’s attendance at IMTS generated quality leads with the potential to connect thousands of machines for MEMEX over the next several years,” is a forward-looking statement. This statement represents the number of manufacturing machines operated by the ‘quality leads’ generated from the IMTS Show. However, there is no guarantee that the quality leads will proceed with the purchase of MEMEX’s MERLIN communications platform. The aforementioned forward-looking statement is made as of the date of this press release and, except as required by applicable securities legislation, MEMEX assumes no obligation to update publicly or revise this forward-looking statement to reflect subsequent information, events, or circumstances.

Media Contact

Memex Inc.:

David McPhail, CEO

Phone: 519-993-1114

Email: david.mcphail@MemexOEE.com

 

Rashi Rathore, Marketing Specialist

Phone: 905-635-3040 ext 103

Email: Rashi.Rathore@MemexOEE.com

 

Investor Relations

Sean Peasgood, Investor Relations

Phone: 416-565-2805

Email: Sean@SophicCapital.com

MEMEX Inc. to Unveil and Demonstrate MERLIN Financial Overall Equipment Effectiveness (FOEE)™, MERLIN DNC and MERLIN Continuous Improvement Professional Services

BURLINGTON, ON–(Marketwired – Sep 14, 2016) – Memex Inc.(“MEMEX”) (TSX VENTURE:OEE) announced today it will be unveiling and demonstrating two new modules to the MERLIN open platform — MERLIN Financial Overall Equipment Effectiveness (FOEE) and MERLIN DNC. MEMEX is also introducing MERLIN Continuous Improvement Professional Services (CI-PS) at the International Manufacturing Technology Show (IMTS) in Chicago.

It is a fact that most manufacturers are totally in the dark in terms of knowing in real-time if they are making or losing money on a given machine tool, shift or plant. Now with the introduction of MERLIN FOEE, we address this critical issue by combining OEE with financials.

Bob Hansen, long time manufacturing consultant and author of OVERALL Equipment “Effectiveness – A Powerful Maintenance/Production Tool For Increased Profits”, stated, “while OEE is an excellent metric, the truth is OEE tells you nothing about your profitability or more important, your potential profitability and this why I created Financial Overall Equipment Effectiveness. MERLIN FOEE is a new tool for leadership teams to visualize hourly profit contribution by product on constraint machines versus world class performance results. Key components of FOEE information can improve prioritization of product /machine scheduling, re-order Continuous Improvement projects, and reset sales and marketing strategies for better cash flow and higher profits. What is the value of an accelerating competitive advantage such as FOEE? Priceless.”

John Rattray, VP of Sales for MEMEX, stated, “FOEE is a game-changer because it provides the ability to visualize real-time financial profit contribution on a per machine/product basis giving management the ability to direct teams with the information to drive profitable scheduling and machine utilization.”

David McPhail, President and CEO for MEMEX, stated, “We acquired the rights to FOEE because we knew that this will completely change analytics for manufacturing. Imagine knowing in real-time if you are making or losing money at any given standalone machine tool or at any one of your plants. What was only a dream in manufacturing, is now a reality with MERLIN FOEE.”

The Direct/Distributed Numerical Control (DNC) market has been flat in terms of growth. With the full embrace of platforms such as MEMEX’s MERLIN this has caused countless manufacturing plants and shops to re-evaluate their DNC solutions. MEMEX made a strategic decision to purchase Dostek in 2015 because of their exceptional reputation in the industry.

Doug Struthers, MEMEX DNC Architect, stated, “After 30 years at Dostek, I joined MEMEX for one primary reason — to create the most comprehensive, flexible, easy to use and easy to troubleshoot DNC software using the MERLIN platform. This was my opportunity to take my many decades of DNC experience to create the absolute best DNC software. MERLIN DNC will absolutely cause manufacturing to rethink their entire DNC strategy.”

The key high-level steps for successful implementation of Management Execution Systems (MES) such as MERLIN Tempus are measure, monitor and manage. Nigel Southway, international consultant, coach for Operational Continuous Improvement & LEAN Thinking and author of CYCLE TIME MANAGEMENT… Fast Track to Productivity Improvement, stated, “we have developed the MERLIN Continuous Improvement Professional Services (CI-PS) program to couple the power of the MERLIN Tempus platform with a comprehensive implementation process that enables organizations to embrace the CI culture. Utilizing time-tested, integrated templates, reporting methodology and advanced problem solving tools the MERLIN CI roadmap drives productivity improvement to achieve benchmark operating effectiveness.”

About MEMEX:
MEMEX, the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of “Successfully transforming factories of today into factories of the future” and encouraged by the accelerating adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on the corporate networks, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs and incorporate strategies for continuous lean improvement.

Media Contact

Memex Inc.:

David McPhail, CEO

Phone: 519-993-1114

Email: david.mcphail@MemexOEE.com

 

Rashi Rathore, Marketing Specialist

Phone: 905-635-3040 ext 103

Email: Rashi.Rathore@MemexOEE.com

 

Investor Relations

Sean Peasgood, Investor Relations

Phone: 416-565-2805

Email: Sean@SophicCapital.com