Marketwired – Burlington, ON, Canada – December 11, 2014: Astrix Networks Inc., operating as Memex Automation (TSX-V: OEE) (“Memex” or the “Company”) has closed a non-brokered private placement totaling $348,000. A total of 2,900,000 Units were issued at a price of $0.12 each (“Units”). Each Unit is comprised of one common share in the capital of the Company (a “Common Share”) and one-half of one common share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share at a price of $0.16 at any time prior to 4:00 p.m. (Eastern Time) on December 12, 2016.
In connection with the private placement, the Company paid a finder’s fee on certain subscriptions of 6% of the proceeds raised via brokers and issued broker warrants (the “Broker Warrants”) equal to 6% of the number of Units sold. The total fees paid were $9,744 in cash and 81,201 Broker Warrants. Each Broker Warrant entitles the holder to purchase one Common Share at a price of $0.16 at any time prior to 4:00 p.m. (Eastern Time) on December 12, 2016. All securities issued are subject to a hold period, which will expire on April 12, 2015. The closing is subject to receipt of final approval from the TSX Venture Exchange.
As part of this placement, the Company’s newest Executive, Rick Mosca, now Chief Operations Officer of Astrix Networks America Inc., subscribed for 13% of the placement. Mr. Mosca is an IT executive with special expertise in leading all facets of business including client facing revenue development, sales channel development, applications development and enterprise systems delivery.
“I first became aware of Memex through my relationship with AMT as a member of the Technical Advisory Group of MTConnect,” explains Rick Mosca. “With a multi-year line of sight of the MTConnect products in development, it became clear to me that MERLIN is the most complete and robust forward and backward compatible solution. Based on my experience and industry knowledge, I am convinced that MERLIN has the potential to become the industry leading MTConnect-based MES solution, and I am thrilled to be joining this team as its American COO.”
“It is with great pleasure that I welcome Rick Mosca to the Memex senior management team as the COO of our American subsidiary,” reports David McPhail, CEO. “Rick brings with him a wealth of global experience and a proven track record of building effective, profitable and lasting relationships at the CXO level within the Fortune 500.”
About Memex Automation
Memex Automation (TSX-V:OEE) is the leader of manufacturing Machine to Machine (M2M) productivity solutions and the measurement of Overall Equipment Effectiveness (“OEE”) in real-time. OEE is the measurement of plant-wide capacity utilization. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE enterprise-wide, plant by plant, machine by machine. As published in Automation.Com in July 2014, by using MERLIN in its 800,000 square foot Kentucky plant, Mazak, the largest machine tool builder in the world, increased the utilization of its own machines by 42%, and now offers MERLIN on their price list. Okuma America Corporation, a world leader in CNC machine tools, announced in April 2014 that Memex Automation became a Partner in THINC. On April 15, 2014, PEM awarded the Company the 2014 Plant Engineering & Maintenance Award for ‘Best Company Under 50 Employees.’ Frost & Sullivan awarded MERLIN its 2013 Technology Innovation Leadership Award for Machine Monitoring. Microsoft picked MERLIN to be its mid-market ERP machine connectivity solution. For more information, please visit: www.memex.ca.
For more information, please contact:
Sales
John Rattray, VP Sales and Marketing
Phone: 905-635-0590
Email: jrattray@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.
To see the full press release, please click here.
Magellan Aerospace sees huge savings thanks to new Manufacturing Execution System
/in ArticlesFrasers – Network affiliate of Canadian Manufacturing.com – December 12, 2014 – Alignment and automation are key success factors for Magellan Aerospace. But the Kitchener, Ont.-based company was experiencing a challenge: its standalone machines were not reaching production targets. There were far too many downtime events happening on the shop floor — so much that the company was at the point of considering buying another machine to make up for the missed targets. Shop floor supervisors would manually record information regarding the start and end times, and quantity produced during the shift, but the information didn’t provide the detail that was needed.
Magellan’s relentless pursuit of excellence led it straight to MERLIN, a Manufacturing Execution System (MES) and Machine-to-Machine (M2M) communications platform by Memex Automation. MERLIN (Manufacturing Execution Real-time Lean Information Network) can use MTConnect and other protocols to connect the shop floor to the top floor, so that anyone with a need to know can use its information to increase production and income from operations, all while raising Overall Equipment Effectiveness (OEE) to world-class levels.
Magellan met with Memex Automation’s executive team in 2011, and installed the MERLIN hardware and software on various machines at its Kitchener plant. Jonathan Ung, the continuous improvement co-ordinator in charge of tracking the plant’s progress with MERLIN, gathered some very promising ROI results.
“We deployed MERLIN on our FMS/Makino cell,” said Ung. “There are four robot-controlled CNC machines in the cell, and we also outfitted three standalone CNC machines configured in a cell-like environment. The standalone machines utilize the MERLIN Ax9150 hardware board along with the G55 handheld scanner, giving us visibility of the machines that we previously did not have. The Makino cell has the MERLIN Operating Portal deployed on it, which gives us detailed machine information right on the shop floor. We feed MERLIN with work order and product standard data directly from our CINCOM ERP system.”
The MERLIN data indicated there were far too many downtime events occurring. Magellan shared this information with its team, and with the help of the MERLIN software, was able to reduce those downtime events from 400 hours per month to 100 hours — a net increase in machining capacity of 100 hours per month per machine.
“Multiply that by the hourly machining cost and Magellan was able to capture real savings of over $30,000 per month against an initial price of $20,000 for MERLIN,” said Ung. “That’s a very satisfying payback on the technology.”
Memex applied its “Roadmap to Success” methodology, a valuable tool to use in analyzing and interpreting the information MERLIN makes available. After completing the corrective actions the Roadmap suggested, Magellan was able to show that MERLIN brought its OEE up from 36 per cent to a sustained 85 per cent. The time spent previously gathering data was decreased dramatically because the data was now available to management and operators.
Magellan now sees there is more possibility for MERLIN on the shop floor. The company believes it is just scratching the surface of MERLIN’s capabilities and is looking forward to seeing what else can be accomplished with the system.
To see the full article, please click here.
Rick Mosca Joins Memex as Chief Operations Officer, USA, and Subscribes to Latest Non-brokered Private Placement
/in Press ReleasesMarketwired – Burlington, ON, Canada – December 11, 2014: Astrix Networks Inc., operating as Memex Automation (TSX-V: OEE) (“Memex” or the “Company”) has closed a non-brokered private placement totaling $348,000. A total of 2,900,000 Units were issued at a price of $0.12 each (“Units”). Each Unit is comprised of one common share in the capital of the Company (a “Common Share”) and one-half of one common share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share at a price of $0.16 at any time prior to 4:00 p.m. (Eastern Time) on December 12, 2016.
In connection with the private placement, the Company paid a finder’s fee on certain subscriptions of 6% of the proceeds raised via brokers and issued broker warrants (the “Broker Warrants”) equal to 6% of the number of Units sold. The total fees paid were $9,744 in cash and 81,201 Broker Warrants. Each Broker Warrant entitles the holder to purchase one Common Share at a price of $0.16 at any time prior to 4:00 p.m. (Eastern Time) on December 12, 2016. All securities issued are subject to a hold period, which will expire on April 12, 2015. The closing is subject to receipt of final approval from the TSX Venture Exchange.
As part of this placement, the Company’s newest Executive, Rick Mosca, now Chief Operations Officer of Astrix Networks America Inc., subscribed for 13% of the placement. Mr. Mosca is an IT executive with special expertise in leading all facets of business including client facing revenue development, sales channel development, applications development and enterprise systems delivery.
“I first became aware of Memex through my relationship with AMT as a member of the Technical Advisory Group of MTConnect,” explains Rick Mosca. “With a multi-year line of sight of the MTConnect products in development, it became clear to me that MERLIN is the most complete and robust forward and backward compatible solution. Based on my experience and industry knowledge, I am convinced that MERLIN has the potential to become the industry leading MTConnect-based MES solution, and I am thrilled to be joining this team as its American COO.”
“It is with great pleasure that I welcome Rick Mosca to the Memex senior management team as the COO of our American subsidiary,” reports David McPhail, CEO. “Rick brings with him a wealth of global experience and a proven track record of building effective, profitable and lasting relationships at the CXO level within the Fortune 500.”
About Memex Automation
Memex Automation (TSX-V:OEE) is the leader of manufacturing Machine to Machine (M2M) productivity solutions and the measurement of Overall Equipment Effectiveness (“OEE”) in real-time. OEE is the measurement of plant-wide capacity utilization. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE enterprise-wide, plant by plant, machine by machine. As published in Automation.Com in July 2014, by using MERLIN in its 800,000 square foot Kentucky plant, Mazak, the largest machine tool builder in the world, increased the utilization of its own machines by 42%, and now offers MERLIN on their price list. Okuma America Corporation, a world leader in CNC machine tools, announced in April 2014 that Memex Automation became a Partner in THINC. On April 15, 2014, PEM awarded the Company the 2014 Plant Engineering & Maintenance Award for ‘Best Company Under 50 Employees.’ Frost & Sullivan awarded MERLIN its 2013 Technology Innovation Leadership Award for Machine Monitoring. Microsoft picked MERLIN to be its mid-market ERP machine connectivity solution. For more information, please visit: www.memex.ca.
For more information, please contact:
Sales
John Rattray, VP Sales and Marketing
Phone: 905-635-0590
Email: jrattray@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.
To see the full press release, please click here.
OEE Solutions Webinar Videos
/in Webinars & VideosA Fast way to learn about the product line
Below is a list of short videos on topics covered in Memex’s OEE Solution Series webinars. These are proprietary and confidential to Memex, designed to communicate and educate companies engaged with Memex for a potential business relationship, and are not for general widespread distribution.
1. OEE Overview:
2. Real Time Dashboard:
3. Financial OEE ROI:
4. The Industry Leader:
5. Automated Data Collection:
6. Operator Interface – RFID, Bar Code, HMI:
7. Data Model:
8. Configurable Adapter:
9. Hardware Boards:
10. Customer Installations:
11. Machine Detail:
12. Reporting:
13. Data Tables:
14. Shop Floor Designer:
15. ERP Integration:
Building Towards Growth
/in ArticlesDecember 5, 2014 – PLANT magazine posted its annual Manufacturer’s Outlook for 2015. Dave McPhail, Memex Automation’s CEO, was once again part of the magazine’s panel of industry experts discussing the growth outlook for Canada’s manufacturing sector.
Regarding confidence among manufacturer’s, in a survey done for the 2015 Outlook, 60% of those surveyed are cautiously optimistic about the coming year while 29% see market conditions as “very favourable.”
To read the report, please download the pdf here.
To visit PLANT’s website, please click here.
M2M Shop Floor to Top Floor Information in Real-Time
/in Recent NewsMemex is an M2M company that develops and sells hardware and software solutions to the manufacturing sector. Its product, MERLIN, is the first M2M connectivity and business intelligence tool designed for the factory.
MERLIN is an award winning M2M solution (both the PEM and Frost & Sullivan awards) that connects management to its manufacturing assets, measures plant capacity and its utilization in real-time, defines the root causes of downtime and bottlenecks, and improves revenue and margin per asset.
To learn how Memex’s MERLIN can solve these inefficiencies and help your manufacturing plant increase its productivity and revenue, please check out the presentation M2M Shop Floor to Top Floor Information in Real-Time