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Proposed Private Placement for Memex Automation

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Burlington, ON, Canada – May 14, 2015 – Astrix Networks Inc., operating as Memex Automation (TSX-V:OEE) (“Astrix,” “Memex” or the “Company”), proposes to complete a non-brokered private placement of up to 16,666,666 units at a price of $0.15 per unit for aggregate gross proceeds of up to $2,500,000 (the “Private Placement”).  Each unit (a “Unit” is comprised of one common share in the capital of the Company (a “Common Share”) and one half warrant.  Each whole Warrant comprised of two half warrants  (a “Warrant”) entitles the holder to purchase one Common Share at a price of $0.25 per share at any time prior to 4:00 p.m. (MDT) on the date that is twenty-four months following the closing date of the Private Placement.

In connection with the private placement the Company has entered into an agreement with Primary Capital Inc. (“Primary”) whereby they will manage the Private Placement. The Company will pay finder’s fees on certain subscriptions to Primary and any other brokers, equal to 8% of the proceeds raised via brokers and issue broker warrants (the “Broker Warrants”) equal to 8% of the number of Units sold.  Each Broker Warrant entitles the holder to purchase one Unit at a price of $0.15 at any time prior to 4:00 p.m. (EST) on the date that is twenty-four months following the closing date of the Private Placement.  All securities issued are subject to a four-month hold period.

The Common Shares and Warrants issued in connection with the Private Placement will be subject to a four-month hold period from the closing date, as prescribed by the TSX Venture Exchange and applicable securities laws.  The Private Placement may close in one or more tranches.  The closing of the Private Placement is subject to receipt of subscription agreements from suitable investors and receipt of TSX Venture Exchange approval.

About Memex Automation:

Memex Automation provides award winning software to measure Machine to Machine (M2M) productivity and Overall Equipment Effectiveness (“OEE”) in real-time. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE metrics for each machine in every plant. MERLIN is used by leading machine tool companies as a complete shop floor communications platform. For more information, please visit: www.memex.ca.

Media Contacts

Leanne Rattray, Communications Specialist
Phone: 905-635-1540 ext. 103
Email: leanne.rattray@memex.ca

David McPhail, CEO
Phone: 519-993-1114
Email: david.mcphail@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.

M2M Shop Floor to Top Floor Information in Real-Time

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Memex 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

How Smart, Connected Products are Transforming Competition

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Information technology is revolutionizing products. Once composed solely of mechanical and electrical parts, products have become complex systems that combine hardware, sensors, data storage, microprocessors, software, and connectivity in myriad ways.

These “smart, connected products” – made possible by vast improvements in processing power and device miniaturization and by the network benefits of ubiquitous wireless connectivity – have unleashed a new era of competition.

Please see the attached article from Harvard Business Review: How Smart Connected Products Are Transforming Competition

To go to the homepage of Harvard Business Review, please click here.

MERLIN Profiled as the Canadian Productivity Gap Eradicator

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BURLINGTON, ONTARIO, Sep 26, 2014 (Marketwired via COMTEX) — Astrix Networks Inc., operating as Memex Automation (OEE) (“Memex” or the “Company”), the global leader of manufacturing M2M productivity solutions, is pleased to announce MERLIN is profiled in the September issue of PLANT magazine.

The cover article: The Internet of Everything: Connected technologies bridge the shop floor to the top floor and provide major benefits to maintenance, efficiency and productivity, describes how Canadian Manufacturers can eradicate the productivity gap with MERLIN.

MERLIN, which generates up to a 400% IRR upon installation in manufacturing plants, is featured alongside Google’s $3.2 billion purchase of Nest and Apple’s, Samsung’s and Sony’s Internet of Everything consumer-based wearables.

“A sector that will truly benefit is manufacturing,” wrote Matt Powell, Assistant Editor, Plant. “Convergence is the key work here,” said Victor Woo, Cisco. “We have to bridge information within the business by connecting the shop floor to the top floor,” said Woo. “It’s true,” said David McPhail, CEO, Memex Automation. “Mazak, the world’s largest machine tool manufacturer, in the July Edition of Automation.com, described a +42% increase of machine utilization by connecting the shop floor to the top floor using MERLIN,” said McPhail. “Our clients regularly detail to us IRR’s of more than 400% because they’re using our solution to connect their plants to their management teams in real-time,” said McPhail. “This Plant article is spot on the money because it describes how Canadian manufacturers can move from the disconnected to the connected manufacturing environment; eradicate the Canadian productivity gap; uncover the hidden plant; and, generate more production and income from operations using the same labour and equipment,” said McPhail. “That’s how these IRRs are generated,” he added.

About Memex Automation Inc.

Memex Automation (OEE) is the leader of 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. On April 15th 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. Microsoft picked MERLIN to be its mid-market ERP machine connectivity solution. Mazak, North America’s largest original equipment manufacturer of machine tools, purchased MERLIN to manage its plant and published in Automation.com a 42% increase in utilization of the monitored production machines. Mazak now offers MERLIN on its price list. Okuma America Corporation, a world leader in CNC machine tools, announced on April 1st Memex Automation became a Partner in THINC. For more information, please visit: www.memex.ca.

Contacts:

Sales
John Rattray, VP Sales and Marketing
Phone: 905-635-0590
Email: john.rattray@memex.ca

Investors
Thomas Smeenk, VP Business Development
Phone: (905) 536-3138
E-mail: thomas.smeenk@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.

Astrix Networks Inc. $2,000,000 Private Placement Oversubscribed

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BURLINGTON, ONTARIO–(Marketwired – Aug. 11, 2014) – Astrix Networks Inc., operating as Memex Automation (“Astrix” or the “Company”) (TSX VENTURE:OEE), announces it has closed the second and final tranche of a private placement. Oversubscribed, the total gross proceeds raised was $2,000,000, including the proceeds of the second tranche of $1,172,498. A total of 16,666,664 Units were issued at a price of $0.12 each (“Units”), including the second tranche placement of 9,770,814 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 August 9, 2016.

In connection with the private placement the Company paid a finder’s fee on certain subscriptions of 8% of the gross proceeds raised and broker warrants (the “Broker Warrants”) equal to 8% of the number of Units sold. The total fees paid were $116,880 in cash and 974,004 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 June 24, 2016 for those granted in the first tranche and prior to 4:00 p.m. on August 9, 2016 for those granted in the second tranche of the private placement.

All securities issued are subject to a hold period, which will expire on October 24, 2014 for those issued in the first tranche and December 9, 2014 for those issued in the second tranche of the private placement. The closing is subject to receipt of final approval from the TSX Venture Exchange.

About the Company

Memex Automation (TSX VENTURE: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, machine by machine. On April 15, 2014, PEM awarded the Company the 2013 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. Mazak, North America’s largest original equipment manufacturer of machine tools, purchased MERLIN and published a 42% increase of its machine utilization and now offers it on its price list. Okuma America Corporation, a world leader in CNC machine tools, announced in April 2014 that Memex Automation became a Partner in THINC.

For more information, please visit: www.memex.ca.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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.

Contact Information

Investors:
Thomas Smeenk
VP Business Development
905-536-3138
Thomas.Smeenk@memex.ca

Sales:
John Rattray
Vice-President Sales
905-635-0590
jrattray@memex.ca

Media:
Leanne Rattray
Marketing
905-635-1540 ext. 103
Leanne.Rattray@Memex.ca