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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

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