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MEMEX’s Sales Execution Continue; Over $300,000 in Net-New Purchase Orders & Component Sales

BURLINGTON, ON / ACCESSWIRE / August 15, 2017 / Memex Inc. (“MEMEX” or the “Company”) (TSX-V: OEE), a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, announced today that in the 30-day period ending August 14, 2017, it has received more than $300 thousand in net-new purchase orders and component sales. In combination with MEMEX’s previous press release, the Company has announced in excess of $780 thousand (at today’s exchange rate) worth of purchase orders since July 12th, 2017.

“An increasing number of manufacturers are recognizing the compelling value proposition of IIoT and Data-Driven Manufacturing, leading them to select MEMEX as their vendor of choice,” said MEMEX President and CEO, David McPhail. “The Company has experienced an increase in purchase activity from multiple end customers that represent a diverse set of manufacturing sectors including oil and gas, industrial pumps, and industrial painting equipment. MEMEX’s MERLIN Tempus continues to offer our clients the capability to gain new, real-time insights into exactly what is happening on their factory floors, whether they are physically onsite, or observing their operations remotely. Our unsolicited, inbound inquiries continue to increase, as do client referrals, and current customer site expansion opportunities. When these sales activities are combined with our diligent trade show and thought leadership marketing efforts, designed to secure more sales opportunities and bring on additional new customers, we believe that the recent net-new orders are just the beginning.”

About MEMEX

Memex Inc. was founded with a vision to improve the way automated machinery 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 have 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.

For investor inquiries please contact:

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

David McPhail, President & CEO
519-993-1114|
david.mcphail@MemexOEE.com

Sean Peasgood, Investor Relations
416-565-2805
sean@sophiccapital.com

MEMEX Announces $500 thousand Deal with SEW-EURODRIVE for Plant-Wide Deployment of MEMEX MERLIN TEMPUS EE

Another MERLIN Pilot Transitions into Full Plant Rollout

BURLINGTON, ON–(Marketwired – Jul 12, 2017) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) announced it has received a purchase order from SEW-EURODRIVE for $500 thousand (approx.) in a plant-wide deployment of MERLIN Tempus Enterprise Edition (EE) and MERLIN DNC software.

SEW-EURODRIVE, the Lyman, South Carolina-based producer of gearmotors and drive-based automation solutions, will install MEMEX’s machine-monitoring solutions onto most of the factory equipment housed in its 250,000 square-foot manufacturing facility.

“SEW-EURODRIVE researched very carefully for the right supplier of automated machine monitoring solutions and determined that MEMEX’s MERLIN was best able to capture the quality of data we were looking for,” said Jess Galloway, SEW-EURODRIVE’s Manufacturing Superintendent. Chuck Chandler, Plant Manager, added, “It is important for a world class manufacturing facility to have visibility of all operations and the use of these advanced data-driven manufacturing techniques extends our competitive edge.”

“We’re proud that SEW-EURODRIVE selected MEMEX after a thorough and careful competitive evaluation process,” said MEMEX President and CEO David McPhail. “SEW-EURODRIVE started with a MERLIN pilot, and has now committed to a full-plant roll-out of MERLIN Tempus EE and MERLIN DNC. This says a lot about how much value SEW-EURODRIVE places in the adoption of a data-driven manufacturing approach and in the MEMEX solution, in particular. We’re excited to work with SEW-EURODRIVE and are looking forward to helping this industry-leading manufacturer use data-driven manufacturing to achieve its business productivity and efficiency goals.”

About MERLIN Tempus Enterprise Edition and MERLIN DNC
The MERLIN Tempus Enterprise Edition works on MEMEX’s core MERLIN software platform, enhancing machine monitoring capabilities by adding additional metrics like Overall Equipment Effectiveness (OEE) — the industry standard measure of factory efficiency.

MERLIN DNC is a software plug-in to the MERLIN platform. It offers a browser-based interface that connects legacy CNC tools to modern networks, and allows CNC programs and data to be easily transferred.

About SEW-EURODRIVE
SEW-EURODRIVE is a world leader in drive technology and a pioneer in drive-based automation. Since introducing the gearmotor in 1931, the company has had a history of innovations, including the first variable speed gearmotor, early electronic drives, and the first motor with energy-efficient copper rotors. Over the last seven years, the company’s Lyman, South Carolina plant has more than doubled its manufacturing capacity to meet growing customer demand.

About MEMEX
Memex Inc. was founded with a vision to improve the way automated machinery 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 have 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

 

For investor inquiries please contact:

 

Rashi Rathore, Marketing Manager

905-635-3040 ext. 103

Rashi.Rathore@MemexOEE.com

 

David McPhail, President & CEO

519-993-1114

david.mcphail@MemexOEE.com

 

 

Sean Peasgood, Investor Relations

416-565-2805

sean@sophiccapital.com

Podcast: The philosophy and application of data-driven manufacturing

David McPhail in conversation with James D. Sawyer – Editor Emeritus, Advanced Manufacturing

A manufacturing concern can get the greatest return on its investment by optimizing its overall equipment effectiveness, or OEE. In this podcast hosted for SME, MEMEX CEO David McPhail details the relationship between OEE and the Industrial Internet of Things (IIoT). Data, he explains, is what drives this relationship. Data-driven manufacturing consists of keeping track of everything that happens on the shop floor, and software, including MEMEX’s MERLIN Tempus solution, helps monitor and manage that data.

Recent surge leads to more than $380 Thousand in purchase orders for MEMEX

BURLINGTON, ON–(Marketwired – Jun 27, 2017) – Memex Inc. (“MEMEX”) (TSX VENTURE: OEE) announced today that in the past six weeks (ending June 21, 2017) it has received more than $380 thousand of purchase orders. These are an aggregate of net-new orders and follow-on orders from existing customers.

“We believe these stronger recent results are an indication that the U.S. manufacturing technology market is beginning to strengthen, and that MEMEX’s efforts to revitalize its sales process and strategy are proving effective,” said MEMEX president and CEO David McPhail. “Existing customers are seeing significant improvements in the operating efficiency of the machines already connected in real time to the corporate network via MERLIN. These customers are now extending those benefits to the rest of their equipment to maximize both productivity and profits.”

Beyond existing customers expanding their deployments with MERLIN, new customers are also recognizing MEMEX as the vendor of choice with proven solutions that work on industry standards to help them remotely manage and monitor their equipment in real time and gain a better perspective of exactly what is happening on their shop floors.

“We are starting not only to see a recovery in US manufacturing spending, but we also feel more confident in the recent changes at MEMEX, including hiring a new U.S.-based vice president of sales, allowing a key executive to focus on business development and marketing, and reinvigorating the sales force,” said Mr. McPhail. “I believe the recent net-new orders are just the beginning. MEMEX has been working diligently to secure more sales and bring on additional new customers.”

About MEMEX

MEMEX was founded with a vision to improve the way automated machinery 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 solutions enable customers to achieve tangible IIoT-centric business outcomes. The MERLIN software suite and connectivity products have enabled manufacturers to achieve upwards of a 50% increase in productivity and a 20%-plus increase in profits, on average. Additionally, customers have secured payback in less than four months, which equates to an Internal Rate of Return greater than 300%. For more information, please visit: www.MemexOEE.com.

REQUIRED CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION

Certain statements contained in this news release, including statements related to MEMEX’s belief that the recent net-new orders are just the beginning and that MEMEX has been working diligently to secure more sales and bring on additional new customers, constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. MEMEX believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and should not be unduly relied upon. In particular, no assurance can be given that the current trend in net-new orders will continue or that that MEMEX will secure more sales or bring on additional customers. Information on additional risks related to MEMEX’s business is included in our management’s discussion and analysis of our financial results for the year ended September 30, 2016 which may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These forward-looking statements and information speak only as of the date of this news release. MEMEX does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

For investor inquiries please contact:

 

Rashi Rathore, Marketing Manager

Phone: 905-635-3040 ext. 103

Email: Rashi.Rathore@MemexOEE.com

 

David McPhail, President & CEO

519-993-1114

david.mcphail@MemexOEE.com

 

 

Sean Peasgood, Investor Relations

416-565-2805

sean@sophiccapital.com

 

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

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MEMEX Inc. to Demonstrate an Array of World-Class IIoT Solutions at IMTS 2016

BURLINGTON, ON–(Marketwired – Sep 8, 2016) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) is proud to announce that it will be unveiling and demonstrating an array of world-class Industrial Internet of Things (IIoT) software and hardware platforms at the International Manufacturing Technology Show (IMTS) in Chicago, between September 12th to the 17th.

With these announcements, MEMEX is redefining what it means to truly know what is happening in your plant. 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.

Doug Bellin, Global Lead for Manufacturing and Energy Industries at Cisco, stated, “Since early 2015, Cisco has been working closely with MEMEX on IIoT security solutions based on MTConnect. Cisco is excited about the upcoming announcements at IMTS 2016. This further demonstrates MEMEX’s global leadership and their ability to connect all devices on the plant floor, using Cisco’s secure networking solutions, thereby turning that raw data into secure actionable information for the operator, plant manager and CxO to use to improve manufacturing productivity.”

New Product Announcements at IMTS 2016

On Monday September 12th, 2016 MEMEX will unveil MERLIN Tempus™ and MERLIN Tempus Enterprise Edition (EE). MERLIN Tempus is an open and extensible Manufacturing Execution System (MES) platform which offers the next generation of tools such as dynamic easily configurable dashboards and advanced reporting along with many other manufacturing analytical capabilities that enable time-saving execution of continuous improvement initiatives using Real-Time and historical data.

Developed using state-of-the-art software engineering technologies, 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 MERLIN Tempus with full Overall Equipment Effectiveness (OEE) and integrated job scheduling. MERLIN Tempus EE creates an opportunity for a dramatic increase in OEE based on accurate Real-Time information collected using a true shop-floor-to-top-floor communication network connecting all machines, old and new.

On Tuesday September 13th, 2016 MEMEX will introduce the MTC-One. MEMEX has established itself as the company that addresses “the last meter” and leaves no machine behind when it comes to legacy connectivity on the plant floor. The MTC-One is the “Swiss army knife” hardware device for legacy machine connectivity enabling any machine on the plant floor to become MTConnect® capable.

On Wednesday September 14th, 2016 MEMEX will introduce MERLIN Financial Overall Equipment Effectiveness™ (FOEE™), MERLIN DNC and MERLIN Continuous Improvement (CI) Professional Services (PS). The holy grail for manufacturing is not simply knowing how effective a specific machine tool or the entire plant is, but rather it is knowing both the effectiveness and the profitability or loss of any given machine tool as well as the entire plant. MERLIN DNC is a reinvention of DNC fitting to current software and hardware platforms with the emphasis on ease of use and feature capabilities. MEMEX CI-PS is a new and much needed service where MEMEX consultants will assist customers in achieving the highest possible in-plant productivity using the MERLIN platform.

Dave Edstrom, CTO of MEMEX Inc., author of “MTConnect: To Measure Is To Know”, as well as former President and Chairman of the MTConnect® Institute, stated, “These announcements at IMTS 2016 represent years of research and development investment. We will be demonstrating and delivering state-of-the-art technologies with industry leading features that will further distance MEMEX from its competition.”

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

David McPhail, CEO of MEMEX Inc., and Mr. Edstrom, will be in booth E3368 to discuss and demonstrate these new game-changing software and hardware along with other MEMEX industry experts. Both Mr. McPhail and Mr. Edstrom have been recognized as two of the top 30 Advanced Manufacturing Visionaries by Smart Manufacturing Magazine.

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

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. Showcases New World-Class IIoT Solutions at IMTS 2016

MEMEX’s Real-Time Machine Manufacturing Value Proposition Increases

BURLINGTON, ON–(Marketwired – Sep 1, 2016) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) will be unveiling and demonstrating the next generation of Industrial Internet of Things (IIoT) hardware and software solutions including the next release of MERLIN, the company’s core IIoT communication platform, at the International Manufacturing Technology Show (IMTS) in Chicago from September 12 to 17, located at booth E 3368.

Building upon the success of the current award-winning MERLIN platform, the next release of MERLIN allows manufacturers to take control of their shop floor and optimize efficiency at a whole new level. MERLIN has enabled manufacturers to achieve upwards of 50% increase in productivity and over 20% increase in profit based on a 10% increase in OEE. On average, over 100 MERLIN customers have secured payback in less than four months, which translates to an Internal Rate of Return greater than 300%.

“Our next release of MERLIN is designed to be the most scalable and powerful plant monitoring software in the company’s history,” said David McPhail, MEMEX’s CEO. “With this release we will expand MERLIN´s value proposition for our partners and our customers by giving manufacturers the option to move their real-time machine monitoring off-premise and to scale their Smart Manufacturing needs as required for IIoT centric business outcomes.”

New smart-edge IIoT hardware connectivity solutions by MEMEX will open up the world of IIoT for manufacturing by translating a wide variety of digital, analog and other signals/protocols into MTConnect® (the open source and royalty free interconnectivity communication standard).

With these announcements MEMEX is redefining what it means to truly know what is happening in your plant. Additionally, MEMEX will further itself as the leader in both shop floor monitoring, as well as providing MTConnect® software and hardware solutions for any machine on the plant floor.

David McPhail and Dave Edstrom, former President and Chairman of the MTConnect®Institute and the current CTO of MEMEX, will be in booth E3368 to demonstrate the new software and hardware platform along with other MEMEX industry experts. Both Mr. McPhail and Mr. Edstrom were recognized as two of the top 30 Advanced Manufacturing Visionaries by Smart Manufacturing Magazine and can speak on a wide range of industry trends.

MEMEX’s IIoT specialists will be looking forward to your visit at IMTS Chicago. If you require any further information or would like to make an appointment for a personal interview, please let us know by emailing Salesgroup@MemexOEE.com.

About IMTS

IMTS 2016 is the 31st edition of the premier manufacturing technology show in North America. More than 2,000 exhibiting companies will occupy 1.3 million net square feet of exhibit space at the McCormick Place complex in Chicago, Illinois. IMTS is held every even-numbered year in Chicago and attracts more than 114,000 buyers and sellers from over 112 countries.

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:

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

Phone: 416-565-2805

Email: Sean@SophicCapital.com

 

MEMEX Inc.’s winning streak continues

BURLINGTON, ON–(Marketwired – Aug 3, 2016) – Memex Inc. (“MEMEX”) (TSX VENTURE:OEE) announced today it has received several new orders for its MERLIN Enterprise Edition platform for manufacturing. Pioneer Products Inc. will be installing MERLIN in an 11 Machine initial phase, and both TECT Corp. and Aerofit, LLC., already MEMEX customers seeing success with MERLIN, have extended their adoption with follow-on orders for their facilities.

“The business risk in installing MERLIN is so small and the benefits are so big that it is almost a no loss business decision,” says Frank V. Bailey, COO, Pioneer Products, as he explains one of the key factors that determined the Pioneer Products’s decision to install MERLIN.

“Recognition of the tremendous benefits offered by MERLIN by high quality precision and aerospace manufacturers along with continuous increasing adoption by existing MEMEX clients is a testament of how valuable MERLIN is to the manufacturing sector,” says John Rattray, Vice-President Sales and Marketing at MEMEX Inc. “Accurate data provided by MERLIN enables business to harness the true power of Data-Driven Manufacturing along with achieving positive tangible business outcomes in terms of productivity, profits and payback.”

About Pioneer Products Inc.:
Pioneer Products is a precision CNC machine shop with machining, grinding, plating, heat treating and engineering support for all manufacturing needs. Their 112,000 square-foot manufacturing and office facility features multi-functional machining capabilities with about 100 machines.

About TECT Corp.:
With twelve facilities in the U.S., and with more than 65 years of aerospace experience, TECT Corp. manufactures complex aerostructure components, machined components, parts and complex assemblies from the full spectrum of traditional and aerospace alloys servicing commercial and military aircraft.

About Aerofit, LLC.:
Aerofit, LLC. designs and manufactures high and low pressure fluid fittings and fitting systems for the aerospace, marine, nuclear and other critical industries. Their capabilities span the entire business and production cycle, from feasibility studies to qualification testing and post-manufacturing functional testing.

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 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.

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

Cisco and MEMEX partner to win the secure IIoT Market

Kicking Some Digital Ass in Las Vegas

July 21, 2016 | Sophic Capital | Sean Peasgood & Marcel Valentin

 

99% of manufacturing machine data is trapped inside the machines. Real-time machine data is essentially non-existent because manufacturers fear security breaches in a net worked machine environment. Unlocking this data via secure networks and allowing overall equipment effectiveness (OEE) analysis would weed out invisible and expensive inefficiencies. This issue was at the forefront of IIoT experts in the connected machines pavilion at Cisco live, Cisco’s annual technology conference. We saw Cisco’s secure network solution for manufacturing environments, which was exhibited with partner MEMEX’s manufacturing operations management system platform. Mass adopt ion of using real-time, machine data analytics to create business outcomes is beginning, and MEMEX (a Sophic Capital client) is positioned to become the industry leader.

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