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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

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.

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. 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

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