MEMEX Launches MERLIN OPTime — a FREE Real-Time Dashboard for Manufacturing Analytics

BURLINGTON, ON–(Marketwired – Apr 26, 2016) – MEMEX Inc. (TSX VENTURE: OEE) announces the launch of MERLIN OPTime, a free Real-Time dashboard application for MTConnect® enabled devices. Connecting MERLIN OPTime to MTConnect® enabled machines on the shop floor will allow manufacturers to receive Real-Time manufacturing analytics on an informative, dynamic dashboard. With OEE becoming more critical, MERLIN OPTime offers manufacturers an opportunity to take their first step towards IIoT and smart manufacturing, seeding the market and subsequently driving demand for more feature rich paid versions of MERLIN, all in due course.
MERLIN OPTime is easy to install and use software that reads MTConnect® tags along with offering users the capability to add and display multiple devices/agents, and configure an event to reflect if a machine is running or not. The information rich dashboard also empowers users to assess machine utilization on an 8-hour rolling trend chart that can be viewed on any device such as a smartphone. MERLIN OPTime allows users to:

Assess Machine State: Provides dynamic color feedback on machines uptime and downtime states.
Measure Machine Utilization: Enables both current and trend machine utilization.
Identify Bottlenecks: Enables users the ability to quickly identify machine problems and potential bottlenecks by providing the current state of MTConnect® enabled devices.
Recognize Optimization Opportunities: Analysis of the utilization trends provide an objective comparison of operation time which can bring to light optimization opportunities that exist to boost productivity.

“With MERLIN OPTime, users can experience the potential of data-driven manufacturing with no initial monetary investment,” said Dave Edstrom, CTO at MEMEX Inc., “I believe MERLIN OPTime will dramatically shorten the time that manufacturers will spend learning to appreciate the importance of Real-Time shop-floor information, as well as the tremendous benefits of MTConnect® — the interconnectivity standard.”

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 rapid 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.

CONTACT INFORMATION
Media Contact:
David McPhail
CEO
Phone: 519-993-1114
Email: david.mcphail@MemexOEE.com

Rashi Rathore
Communication Coordinator
Phone: 905-635-3040 ext 103
Email: Rashi.Rathore@MemexOEE.com

Learn More about MERLIN OPTime

Get MERLIN OPTime

 

BNN News: MEMEX praised in feature on investing in Canadian tech companies

Canadian technology is “top shelf” with strength in B2B solutions and services, according to Colin Fisher, President and Portfolio Manager, Stableview Asset Management. BNN narrows the focus to Small-Cap Canadian tech and investing opportunities in the sector. Fisher offers his views on TECSYS Inc., VersaPay Corp. and MEMEX Inc. MEMEX appears at 6:22. Click here for video.

MEMEX Continues Revenue Growth

Their Industrial Internet of Things manufacturing productivity software generates record quarterly revenue.

Memex Inc. (Burlington, ON), a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, has released their financial results and operational highlights for its first quarter of fiscal 2016, which ended December 31, 2015. All results are reported in Canadian dollars. Financial Highlights for the first quarter ended December 31, 2015:

  • The company generated record quarterly revenue of $614 thousand, $113 thousand higher than the same period in the prior year, and 7 percent higher than the fourth quarter of 2015. The company also marked its fourth consecutive quarter of revenue growth.
  • Memex produced gross margin of $375 thousand, 27 percent higher than the same quarter in the prior year.
  • Unearned revenue of $482 thousand closed the quarter down $100 thousand from the company’s record high of $582 thousand at the end of Q4 2015.
  • The sales force turned in $876 thousand in product bookings for the quarter, 58 percent or $320 thousand more than Q4 2015.
  • The company showed a $641 thousand net and comprehensive loss for the quarter equating to a $0.007 loss per share. This compares with a $461 thousand net and comprehensive loss in the same quarter last year, and a similar $0.007 loss per share.

Q1 Fiscal 2016 and subsequent operational highlights include:

  • The company bolstered its sales and marketing infrastructure with the addition of a vice president of marketing and three new U.S.-based sales representatives. In January 2016 the company also added a director of manufacturing excellence to accelerate MERLIN software adoption by larger high-potential existing customers.
  • On October 27-29 and November 3-5 at DISCOVER 2015 (Mazak Corporation’s technology and education event), MERLIN software along with hardware from information technology (IT) leader Cisco Systems, Inc. (San Francisco, CA) was showcased in an industry-first collaborative platform called SmartBox. The launch took place in front of metalworking managers and C-level executives. The co-promotion with Mazak and Cisco led to multiple media stories, blogs, and videos mainly in manufacturing trade press.
  • In December, Memex received significant new orders from Aero Pacific Corporation (Placentia, CA), (30 MERLIN licenses and 28 MTConnect hardware adapters), and Homeyer Precision Manufacturing (Marthasville, MO), (23 licenses and 9 hardware adapters).
  • On January 18, the company was profiled in the National Post’s Entrepreneur section with the headline “Memex Wins Over Industry Giants.” The article explained how eight focused years of work on strategic partnerships resulted in successes with multinational giants Cisco and Mazak.
  • In February the company received a substantial follow-on order from Kuss Filtration Inc. for 43 MERLIN licenses as part of a multi-plant roll-out in the U.S., China, and Brazil. 

Management Commentary
The president and chief executive officer of Memex, David McPhail, stated, “The IIoT, represents the next industrial revolution, and our flagship software product MERLIN is planted squarely in the middle of this manufacturing mega-trend. Our latest quarterly results, representing our fourth consecutive quarter of growth strongly indicate that manufacturers around the world see the value of our unique combination of industrial connectivity and analytics to drive productivity and profit. I want to thank our customers for their trust and our employees for their hard work to achieve these results.”

www.MemexOEE.com

To see the full article click here.

 

Kuss Filtration Purchases MERLIN IIoT Manufacturing Software for Factories in USA, China and Brazil

Findlay, OH, USA February 10, 2016 – MEMEX Inc. (TSX-V: OEE) is proud to announce that Kuss Filtration Inc., a global filtration product OEM, has purchased MERLIN Enterprise Edition for a multi-plant roll-out of Industrial Internet of Things (IIoT) software for manufacturing facilities in the USA, China, and Brazil. This sale includes 43 licenses of MERLIN and is a follow-on to a 10-license sale in June of 2015.

“Kuss is committed to quality through our operating management system and use of Six Sigma and Lean Manufacturing techniques, which has earned us the ISO/TS 16949 certification in addition to many awards and recognitions for design, innovation and product excellence,” said Kuss Filtration’s President and CEO Hasnain Merchant. “MEMEX’s MERLIN has proven itself, and now we intend to enhance our manufacturing excellence and profitability with MERLIN in three of our factories.”

“Kuss Filtration is a great example of a world-class company embracing the power of our MERLIN communications platform,” said MEMEX CEO David McPhail. “MERLIN proves that the Industrial Internet of Things isn’t a theory. IIoT is an implement-now competitive advantage for the smartest factories on the planet.”

MERLIN is an IIoT shop-floor-to-top-floor communications platform that connects industrial machines and provides manufacturing analytics in real time. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect, other protocols, or MERLIN hardware adapters for older machines.

About Kuss Filtration Inc.

Kuss Filtration manufactures exceptional filtration products with unparalleled quality and innovation. The company has over 60 years of experience providing air and liquid filtration solutions to a diverse global market. Today Kuss Filtration is comprised of six locations in the U.S. Brazil, Europe and China strategically placed to service its growing global customer base.

About MEMEX Inc.

MEMEX is a leading Industrial Internet of Things (IIoT) technology platform provider that delivers manufacturing productivity analytics. MERLIN software provides Overall Equipment Effectiveness (OEE) efficiency metrics in real time, from shop-floor-to-top-floor. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect, other protocols or MERLIN hardware adapters for older machines. For more information, please visit: www.MemexOEE.com.

Media Contacts

Kuss Filtration Inc.

Hasnain Merchant, President & CEO

Phone: +1 (419) 425-7233

Email: Hasnain.Merchant@KussFiltration.com

MEMEX Inc.
David McPhail, CEO

Phone: +1 (519) 993-1114

Email: david.mcphail@MemexOEE.com

Nathan Rudyk VP Marketing

Phone: +1 (905) 635-1540 ext. 216

Email: nathan.rudyk@MemexOEE.com

Sophic Capital Inc.                                                                                                          

Sean Peasgood, Investor Relations

Phone: +1 (416) 565-2805

Email: sean@sophiccapital.com

Neither the TSX Venture Exchange nor its Regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

AMT – Association for Manufacturing Technology

AMT – The Association For Manufacturing Technology represents and promotes U.S.-based manufacturing technology and its members—those who design, build, sell, and service the continuously evolving technology that lies at the heart of manufacturing.

MEMEX Automation is proud to be a member of AMT.

Founded in 1902 and based in Virginia, the association specializes in providing targeted business assistance, extensive global support, and business intelligence systems and analysis. AMT is the voice that communicates the importance of policies and programs that encourage research and innovation, and the development of educational initiatives to create tomorrow’s Smartforce.

AMT owns and manages IMTS — The International Manufacturing Technology Show, which is the premier manufacturing technology event in North America.

Through the MTConnect™ initiative, AMT is addressing the need for a software/hardware platform that facilitates exchange of information between shop-floor equipment, data analysis software, and monitoring systems.  MTConnect™ is a lightweight, open and extensible protocol and data representation to allow the exchange of dynamic sensor data, configuration data, and control information among MTConnect-compliant machines, software applications and controllers.

Find out more at www.MTConnect.org.

To see the press release, please click here.

Memex Automation to start trading on the TSX Venture as “OEE” Friday, November 1, 2013

BURLINGTON, ON–(Marketwired – Oct 31, 2013) –  Astrix Networks Inc., operating under the trade name Memex Automation, is pleased to announce that, following the issuance by the TSX Venture Exchange of its bulletin announcing TSX Venture Exchange final acceptance of the reverse take-over of GPS Investment Corp. by Astrix Networks Inc., its shares will commence trading on the TSX Venture Exchange under the trading symbol “OEE” at the opening of trading on Friday Nov. 1, 2013.

Memex Automation is the leader in real-time shop-floor-to-top-floor technology solutions. Memex’s flagship product MERLIN delivers Overall Equipment Effectiveness (OEE) metrics in real-time, enabling manufacturers to enhance production and increase income and profits from operations. MERLIN has earned the 2013 North American Frost & Sullivan Award for Technology Innovation Leadership. Since 1992, Memex has partnered with 280 dealers worldwide to provide a variety of manufacturing connectivity products and services to over 12,000 customers globally. For sales information, call +1 (905) 635-1540, email salesgroup@memex.ca, or visit http://www.memex.ca.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

For more information, please contact:

Jill McCubbin
Conversation Architect
market2world communications inc.
Office: +1 (613) 256-3939
Email Contact

or

Dave McPhail
President and CEO
Memex Automation Inc.
Office : +1 (905) 635-1536
Email Contact

Frost & Sullivan awards MERLIN leadership in Machine Monitoring

Frost & Sullivan presents the Growth, Innovation & Leadership Awards each year to companies that are predicted to encourage significant growth in their industries, have identified emerging trends before they became the standard in the marketplace, and have created advanced technologies that will catalyze and transform industries in the near future.  Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research in order to identify best practices.

Memex Automation has won the 2013 Frost and Sullivan Best Practices award for Machine Monitoring Systems.

Dave and Pauline with the Frost & Sullivan Award for Machine Monitoring

David McPhail & his wife Pauline receiving the award September 2013.

Click here to see the full list of companies who have been recognized as winners for contributing to their respective industries in terms of growth, innovation, and leadership.
Ask your Memex Dealer or Sales Representative for a copy of the Frost & Sullivan final published report.

Smart Phone Application

Memex MERLIN is now compatible as a smart device application.  It can be used with iPhone, iPad, Android, tablets and any device that can run a browser.  The smart device app works by presenting the user with a color coded list, and then the user can select a machine to get more details about that specific machine.  The app is also scalable by different devices.  Check out the pictures to see the smart device app in use.

The Smart Phone App functionality will be available in the next version of MERLIN.

smartphone app02smartphone app01

Value of MES in real dollars $15,000 per machine, every year.

Imagine increasing profit $15,000 per machine, sustained every year.  We can do it.

Modern Machine Shop’s “Top Shops” benchmarking survey, 2012 shows immense value for the use of an MES system.  Critical findings of the survey:

“The average gross sales for the Top Shops were 14 percent higher than the other shops.”

“The Top Shops achieve higher spindle utilization and faster setup times because they put a good deal of thought into optimizing shop floor processes and practices.”

“These shops are also more likely to implement continuous improvement strategies to become more effective as well as lean manufacturing concepts to become more efficient.”

Top Shops had a 12.6% better OEE metric than average shops.  A 10% improvement in OEE (capacity utilization) will increase IFO 22% (from the book: “Overall Equipment Effectiveness: A Powerful Production/Maintenance Tool for Increased Profits”, Robert C. Hansen, Pgs 47-56).

Memex’s MERLIN MES is a tool that allows your organization to achieve these results!

The value of MERLIN, using actual KPI measurements to your operation, is significant:

  • A +10%-20% increase in OEE is achieved by our customers following installation, typically within 12 weeks.
  • Using an average of $302,066 in annual revenue per machine and average profitability of 18.9% (Modern Machine Shop, Top Shops – Benchmark Your Machining Business, 2012, page 24*) a conservative 10% increase across 90 machines translates to +$2.7 Million per year increase in revenue and +$500,000 in profit.
  • This means, by machine, a +$30,206 increase in revenue and a $12,000 to $15,000 increase in profit.
  • At a conservative 10% increase in efficiency the breakeven is typically 3-5 months.
  • ROI of 100% in the first 12 months based on profit, or approaching 1,000% when factoring in increased revenue!

*Sponsored by AMT, the survey covered more than 500 manufacturing facilities.

MES is one of the best strategic drivers to obtain a competitive advantage in the manufacturing landscape improving profitability, reducing waste, and ensuring compliance with regulations.  The top 5 summary reasons are here.  For more detail, including ROI analysis tools and Lean Roadmap tools call Memex directly.

1) An MES system should be the highest priority project as it is more important than a capital equipment acquisition.  The value of an MES is significant to the stakeholders of a company far surpassing any other ROI.

2) Plant wide efficiency improvements greater than 10% are normal and drive a company to significant success.

3) Profitability is exponentially improved and sustained every year.

4) ROI typically of 100% in the first 12 months based on profit, a payback typically in the 3-5 months range.

5) Every day a company waits to implement an MES is lost profits that cannot be re-covered.

Shop Floor to Top Floor Information- in Real Time

By automating the information flow, you can manage productivity in real-time, and increase your profitability overall.  There is immediate visibility of production status and comprehensive data collection.