MEMEX @ Cisco Live Last Week

Cisco Presentation Discussed Collaboration With Business Partner MEMEX

LAS VEGAS, NV–(Marketwired – Jul 18, 2016) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) was pleased to exhibit their award-winning Manufacturing Execution System, MERLIN, at the invitation of Cisco Systems Inc. as part of their Connected Machines Strategy at Cisco Live in Las Vegas from July 10-14. MERLIN was on display at Booth 109 in the World of Solutions pavilion, located in the Mandalay Bay Convention Center.

MERLIN captured and presented live data from both onsite and remotely connected machines securely over the Internet via Cisco’s newly released IE4K switch. The IE4K is compliant with MTConnect (the open source and royalty free interconnectivity communication standard), which collectively form an integral part of any manufacturing company’s Industrial Internet of Things (IIoT) strategy. This enables the promise of Data Driven Manufacturing centric business outcomes.

MEMEX Featured in Cisco’s Machine Intelligence Presentation
MEMEX is also pleased to announce that Douglas Bellin from Cisco presented “The Case for Machine Intelligence,” which featured what Cisco has done with business partner MEMEX. The presentation took place at 4:30pm on July 13, 2016 in the Islander D space at the Mandalay Bay Convention Center.

About Cisco Connected Machines
The Cisco Connected Machine Solution is a digital solution portfolio, based on the Cisco IoT system. The solution enables rapid and repeatable machine connectivity, providing business improvements such as: Overall Equipment Effectiveness (OEE) and machine monitoring, Machine optimization Predictive maintenance, Process optimization, and Process health.

About Cisco Live
Cisco Live Las Vegas is the destination for the education and inspiration you need to thrive in the world of digital business. Join thousands of technology innovators for a transformational experience that includes today’s IT visionary thought leaders, more than 1,000 education sessions, Cisco’s top partners, and numerous opportunities to build the connections that will fuel your personal and professional growth.

About Memex Inc.
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

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.

CONTACT INFORMATION

For investor inquiries please contact:
Ed Crymble
Chief Financial Officer
905-635-1540 ext. 110
ed.crymble@MemexOEE.comDavid McPhail
President & CEO
519-993-1114
david.mcphail@MemexOEE.comSean Peasgood
Investor Relations
416-565-2801
sean@sophiccapital.com

Memex Completes Early Payout of BDC

Early Payout Eliminates Future Interest and Royalty Payments

Burlington, ON, Canada – June 29, 2016 – Memex Inc. (“Memex” or the “Company”) (TSX-V: OEE) a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today announced it has completed the early settlement of its debt obligation to the Business Development Bank of Canada (the “BDC”).  Funding for the pay-out came primarily from the Company’s Senior Management and Directors, who have collectively exercised $196 thousand of $0.16 warrants that were set to expire.  The early pay-out removes uncertainty over the bonus interest payment, which would have been due at loan maturity (Feb 2018), and also halts royalty interest payments.

Settlement Summary

In exchange for repayment of the outstanding principal ($160 thousand), an interest rate differential payment of $8 thousand, and the negotiated bonus interest payment of $103 thousand, the BDC has agreed to release its security and conclude its lending arrangement with Memex.  That arrangement would have seen the Company continue to pay principal plus interest at 9% in addition to royalty interest (of 1% of each year’s annual sales) and the unknown future bonus interest (2.3% of the Company’s fair value) at the maturity of the loan.

About Memex Inc.

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 rapid 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

For investor inquiries please contact:

Ed Crymble, Chief Financial Officer

905-635-1540 ext. 110

ed.crymble@MemexOEE.com

 

David McPhail, President & CEO

519-993-1114

david.mcphail@MemexOEE.com

 

Sean Peasgood, Investor Relations

416-565-2801

sean@sophiccapital.com

 

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

 

Memex’s Senior Management and Directors Exercise Out-of-the-Money Warrants to Fund Anticipated Early Payout of BDC

Early Payout Reduces Future Interest and Royalty Payments

BURLINGTON, ON–(Marketwired – Jun 21, 2016) – Memex Inc. (“Memex” or the “Company”) (TSX VENTURE: OEE), a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today announced it has come to an agreement in principal for the early settlement of its debt obligation to the Business Development Bank of Canada (the “BDC”). Funding for the pay-out will come primarily from Company’s Senior Management and Directors, who have collectively agreed to exercise $196 thousand of $0.16 warrants that were set to expire. The early pay-out removes uncertainty over the bonus interest payment, which would have been due at loan maturity (Feb 2018), and also halts royalty interest payments.

Settlement Summary
In exchange for repayment of the outstanding principal (currently $168 thousand) over the next three months, an interest rate differential payment of $9 thousand, and the negotiated bonus interest payment of $103 thousand, the BDC has agreed to release its security and conclude its lending arrangement with Memex. That arrangement would have seen the Company continue to pay principal plus interest at 9% in addition to royalty interest (of 1% of each year’s annual sales) and the unknown future bonus interest (2.3% of the Company’s fair value) at the maturity of the loan. Closing is subject to the execution of definitive documentation and is expected to occur on or about June 27, 2016.

Management Comment
“With our future potential we believed it was in the company’s and our investors’ best interest to negotiate the best outcome possible with the BDC right now,” expressed Company CFO Ed Crymble, in reaction to the decision to take out the BDC’s loan position. “The BDC’s bonus interest payment, which would have been based on Memex’s value at maturity, could have been for substantially more than what we agreed to today. Management as well as Company Directors backed up their decision and their belief in Memex’s future by agreeing to pay more than $40 thousand over current trading value with the exercise of their warrants.”

About Memex Inc.
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 rapid 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

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.

Cautionary Statement Regarding Forward-Looking Statements

All statements included in this press release that address future events are forward-looking statements. For example, statements related to the early pay-out of the BDC loan are forward-looking statements. While Memex and the Company have come to an agreement in principal for the early settlement of the Company’s debt obligation to the BDC, completion of that transaction is subject to the execution of definitive documentation and there can be no guarantee that the parties will execute such definitive documentation or that closing will occur on or about June 27, 2016 or at all. Further, statements related to the future potential of the Company or the Company’s fair value at the maturity of the loan are forward-looking statements. There can be no guarantee regarding the future potential of the Company or the Company’s fair value at the maturity of the loan. These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company. These statements require the Company to make assumptions the Company believes are reasonable but that are subject to inherent risks and uncertainties. These risks include several of the factors discussed further under the “Risks and Uncertainties to the Company” section of the Company’s most recent interim MD&A available under the Company’s profile at www.sedar.com including risks related to: the Company’s history of losses and the ability to achieve or sustain profitability; the fact that the IIoT is a relatively new market; there being no assurance that cash flow from operations or debt or equity financing will be available to implement the Company’s growth strategy; the ability of the Company to retain key personnel; competition; protection of the Company’s intellectual property; failure to manage growth; and difficulties associated with sales forecasting, These risk factors are interdependent and the impact of any one risk or uncertainty on a particular forward-looking statement is not determinable. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized. These forward-looking statements are made as of the date of this press release. Except as required by applicable securities legislation, the Company assumes no obligation to update publicly or revise any forward-looking statements to reflect subsequent information, events, or circumstances.

For investor inquiries please contact:
Ed Crymble
Chief Financial Officer
905-635-1540 ext. 110
ed.crymble@MemexOEE.com

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

Sean Peasgood
Investor Relations
416-565-2801
sean@sophiccapital.com

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Memex Inc. Releases Q2 – 2016 : Results Investment in Sales Infrastructure Paying Off

Burlington, ON, Canada – May 16, 2016 – Memex Inc. (“Memex” or the “Company”) (TSX-V: OEE) a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today released its financial results and operational highlights for its second quarter of fiscal 2016 which ended March 31, 2016. All results are reported in Canadian dollars.

Financial Highlights for the Second Quarter Ended March 31, 2016:

·         Memex generated quarterly revenue of $571 thousand, 42% or $169 thousand, higher than the same period in the prior year, and 7% lower than Q1-2016.

·         Memex 53.4% gross margin for the quarter ($305 thousand in gross profit), was down 3.3% from the same quarter a year ago and 7.7% from Q1-2016. A higher hardware to software sales mix in the current quarter accounts for the decline.

·         Unearned revenue of $536 thousand closed the quarter up $54 thousand from December 31, 2016’s close and was $46 thousand off its highest level of $582 thousand at September 30, 2015.

·         Bookings[i] for the quarter were $833 thousand, down 5% from the prior quarter, but up 50% or $276 thousand from Q4-2015.

·         The Company showed a $991 thousand net and comprehensive loss for the quarter equating to a $0.01 loss per share.  This compares with a $512 thousand net and comprehensive loss in the same quarter last year, and a $0.007 loss per share.

·         At the end of the Q2 the Company had more than $3.0 million in current assets including more than $2.2 million in cash and $2.1 million in working capital.

 

Q2 Fiscal 2016 and Subsequent Operational Highlights:

  • In February, Memex received a substantial follow-on order from Kuss Filtration Inc. for 43 MERLIN licences as part of a multi-plant roll-out in the US, China, and Brazil. Memex also generated 5 new customer orders, and more than ten follow on orders from existing customers in the quarter.
  • Memex’s CEO and CTO were recognized by Smart Manufacturing Magazine as two of the top 30 advanced manufacturing visionaries.
  • In April, Memex launched MERLIN OPTime, a free downloadable real-time dashboard for manufacturing analytics.
  • In April, Sun Hydraulics Corp. placed an 89 machine follow-on order for MERLIN MES Enterprise Edition Software, after an 11 machine initial phase.

 

Management Commentary:

Memex’s President & CEO David McPhail said, “We continue to see strong interest in MERLIN with both follow-on orders from existing customers and new customers buying our solutions. Our investment into sales and marketing is paying off with substantial revenue gains over prior periods, and no reason not to expect the trend to continue.”

 

About Memex Inc.

Memex is a leading Industrial Internet of Things (IIoT) technology platform provider that delivers real-time manufacturing productivity analytics. Industrial strength MERLIN software provides Overall Equipment Effectiveness (OEE) efficiency metrics in real time, from shop-floor-to-top-floor. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in OEE. It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect, other protocols or MERLIN hardware adapters for older machines. For more information, please visit: www.MemexOEE.com

 

For investor inquiries please contact:

 

Ed Crymble, Chief Financial Officer

905-635-1540 ext. 110

ed.crymble@MemexOEE.com

 

David McPhail, President & CEO

519-993-1114

david.mcphail@MemexOEE.com

 

Sean Peasgood, Investor Relations

416-565-2801

sean@sophiccapital.com

 

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.

[i] This non-IFRS financial measure is identified, defined and reconciled to the closest IFRS measure, revenue, within our Management’s Discussion and Analysis for the three and six month periods ended March 31, 2016 and 2015, in the section “Other Financial Measures.”  That MD&A is available at www.sedar.com under our company profile.

MEMEX Inc. Leadership Recognized Amongst Top 30 Advanced Manufacturing Visionaries

BURLINGTON, ON–(Marketwired – May 12, 2016) – MEMEX Inc. (TSX VENTURE: OEE) is excited and proud to announce that Society of Manufacturing Engineers (SME), in its inaugural issue of Smart Manufacturing magazine, has recognized David McPhail, CEO of MEMEX Inc., and Dave Edstrom, CTO of MEMEX Inc., amongst the top 30 Advanced Manufacturing Visionaries.

According to Smart Manufacturing Magazine, the top 30 Advanced Manufacturing Visionaries list is a representation of who’s who in the smart manufacturing world. They all have made significant contribution towards developing tools and techniques that have made the Industrial Revolution 4.0 a reality.

Smart Manufacturing magazine recognizes David McPhail, CEO of MEMEX Inc. for his relentless work towards creating solutions that help North American manufacturers solve tangible issues such as efficiency and sustainability of manufacturing operations. Adding further to the delight of MEMEX Inc., Smart Manufacturing magazine also applauds the work of Dave Edstrom, CTO of MEMEX Inc., in the field of developing MTConnect® an open, royalty-free standard to get information from machinery applications to enable increased productivity.

“Both Dave and I are really honored to be a part of this esteemed list, not just as individuals but also as developers of MERLIN, the Industrial Internet of Things (IIoT) communication platform that promises manufacturing excellence,” says David McPhail, CEO of MEMEX Inc. “Visionaries create the window into the future but it is the strength and dedication of their team that turns those ideas in reality. MEMEX Inc. as a team is in the business of taking our visions and turning them into revolutionary IIoT products.”

About MEMEX Inc.

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 rapid 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.

Contact Information
Media Contact
MEMEX Inc.:
David McPhail, CEO
Phone: 519-993-1114
Rashi Rathore, Communication Coordinator
Phone: 905-635-3040 ext 103

Another Win for MEMEX — Sun Hydraulics Corp. Adopts MERLIN

SARASOTA, FL–(Marketwired – May 13, 2016) – MEMEX Inc. (TSX VENTURE: OEE) is proud to announce that Sun Hydraulics Corp. (NASDAQ: SNHY) has issued a Purchase Order for an additional 89 of their machines to be equipped with MERLIN MES Enterprise Edition software.

Sun Hydraulics arrived at this decision after experiencing the optimization opportunities offered by MERLIN during a pilot in which MERLIN was installed on 11 of their machines. The 100 machine multi-plant roll-out is phase 1 of a larger IIoT initiative to ensure efficiency and profitability of operations at Sun Hydraulics Corp.

“Recognition of the value that MERLIN creates by industry leaders like Sun Hydraulics Corp. pushes MEMEX towards developing more innovative solutions that successfully transform factories of today into factories of the future,” says David McPhail, CEO MEMEX.

About Sun Hydraulics Corp.

Sun Hydraulics is a leading designer and manufacturer of high-performance screw-in hydraulic cartridge valves and manifolds that control force, speed and motion as integral components in fluid power systems.

From its inception in 1970 and a public company since 1997, Sun sells its products globally, primarily through independent distributors, to diverse markets of mobile and industrial equipment and machinery manufacturers. Sun has been committed to being the leader in its field. They offer products that advance customers’ businesses, improving the safety and performance of the machinery in which they are used.

About MEMEX Inc.

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 rapid 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.

Contact Information
Media Contact
MEMEX Inc.:
David McPhail, CEO
Phone: 519-993-1114
Rashi Rathore, Communication Coordinator
Phone: 905-635-3040 ext 103

MEMEX Launches MERLIN OPTime — a FREE Real-Time Dashboard for Manufacturing Analytics

BURLINGTON, ON–(Marketwired – Apr 26, 2016) – MEMEX Inc. (TSX VENTURE: OEE) announces the launch of MERLIN OPTime, a free Real-Time dashboard application for MTConnect® enabled devices. Connecting MERLIN OPTime to MTConnect® enabled machines on the shop floor will allow manufacturers to receive Real-Time manufacturing analytics on an informative, dynamic dashboard. With OEE becoming more critical, MERLIN OPTime offers manufacturers an opportunity to take their first step towards IIoT and smart manufacturing, seeding the market and subsequently driving demand for more feature rich paid versions of MERLIN, all in due course.
MERLIN OPTime is easy to install and use software that reads MTConnect® tags along with offering users the capability to add and display multiple devices/agents, and configure an event to reflect if a machine is running or not. The information rich dashboard also empowers users to assess machine utilization on an 8-hour rolling trend chart that can be viewed on any device such as a smartphone. MERLIN OPTime allows users to:

Assess Machine State: Provides dynamic color feedback on machines uptime and downtime states.
Measure Machine Utilization: Enables both current and trend machine utilization.
Identify Bottlenecks: Enables users the ability to quickly identify machine problems and potential bottlenecks by providing the current state of MTConnect® enabled devices.
Recognize Optimization Opportunities: Analysis of the utilization trends provide an objective comparison of operation time which can bring to light optimization opportunities that exist to boost productivity.

“With MERLIN OPTime, users can experience the potential of data-driven manufacturing with no initial monetary investment,” said Dave Edstrom, CTO at MEMEX Inc., “I believe MERLIN OPTime will dramatically shorten the time that manufacturers will spend learning to appreciate the importance of Real-Time shop-floor information, as well as the tremendous benefits of MTConnect® — the interconnectivity standard.”

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 rapid 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.

CONTACT INFORMATION
Media Contact:
David McPhail
CEO
Phone: 519-993-1114
Email: david.mcphail@MemexOEE.com

Rashi Rathore
Communication Coordinator
Phone: 905-635-3040 ext 103
Email: Rashi.Rathore@MemexOEE.com

Learn More about MERLIN OPTime

Get MERLIN OPTime

 

Memex Inc. Releases Q1 – 2016 Results with Fourth Consecutive Quarter of Revenue Growth

Burlington, ON, Canada – February 22, 2016 – Memex Inc. (“Memex” or the “Company”) (TSX-V: OEE) a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today released its financial results and operational highlights for its first quarter of fiscal 2016 which ended December 31, 2015. All results are reported in Canadian dollars.

Financial Highlights for the First Quarter Ended December 31, 2015:

  • Memex generated record quarterly revenue of $614 thousand, $113 thousand higher than the same period in the prior year, and 7% higher than the fourth quarter of 2015. The Company also marked its fourth consecutive quarter of revenue growth.
  • Memex produced gross margin of $375 thousand, 27% higher than the same quarter in the prior year.
  • Unearned revenue of $482 thousand closed the quarter down $100 thousand from the Company’s record high of $582 thousand at the end of Q4-2015.
  • Memex’s sales force turned in $876 thousand in product bookings[i] for the quarter, 58% or $320 thousand more than Q4-2015.
  • The Company showed a $641 thousand net and comprehensive loss for the quarter equating to a $0.007 loss per share. This compares with a $461 thousand net and comprehensive loss in the same quarter last year, and a similar $0.007 loss per share.

Q1 Fiscal 2016 and Subsequent Operational Highlights:

  • Memex bolstered its sales and marketing infrastructure with the addition of a VP Marketing and three new US-based sales representatives. In January 2016 the Company also added a Director of Manufacturing Excellence to accelerate MERLIN adoption by larger high-potential existing customers.
  • On October 27-29 and November 3-5 at DISCOVER 2015 (Mazak Corporation’s Technology and Education event), MERLIN software along with hardware from information technology (IT) leader Cisco Systems, Inc. was showcased in an industry-first collaborative platform called SmartBox. The launch took place in front of metalworking managers and C-level executives. The co-promotion with Mazak and Cisco led to multiple media stories, blogs, and videos mainly in manufacturing trade press.
  • In December Memex received significant new orders from Aero Pacific Corporation in Placentia, CA. (30 MERLIN licenses and 28 MTConnect hardware adapters), and Homeyer Precision Manufacturing Co. in Marthasville, MO (23 licenses and 9 hardware adapters).
  • On January 18th, Memex was profiled in the National Post’s Entrepreneur section with the headline “Memex wins over industry giants.” The article explained how eight focused years of work on strategic partnerships resulted in successes with multinational giants Cisco and Mazak.
  • In February Memex received a substantial follow-on order from Kuss Filtration Inc. for 43 MERLIN licences as part of a multi-plant roll-out in the US, China, and Brazil. 

Management Commentary:

Memex’s President & CEO David McPhail stated, “The Industrial Internet of Things, or IIoT, represents the next industrial revolution, and Memex’s flagship software product MERLIN is planted squarely in the middle of this manufacturing mega-trend. Our latest quarterly results, representing our fourth consecutive quarter of growth strongly indicate that manufacturers around the world see the value of our unique combination of industrial connectivity and analytics to drive productivity and profit. I want to thank our customers for their trust and our employees for their hard work to achieve these results.”

About Memex Inc.

Memex is a leading Industrial Internet of Things (IIoT) technology platform provider that delivers real-time manufacturing productivity analytics. Industrial strength MERLIN software provides Overall Equipment Effectiveness (OEE) efficiency metrics in real time, from shop-floor-to-top-floor. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in OEE. It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect, other protocols or MERLIN hardware adapters for older machines. For more information, please visit: www.MemexOEE.com

For investor inquiries please contact:

David McPhail, President & CEO

519-993-1114

david.mcphail@MemexOEE.com

Ed Crymble, Chief Financial Officer

905-635-1540 ext. 110

ed.crymble@MemexOEE.com

Sean Peasgood, Investor Relations

416-565-2801

sean@sophiccapital.com

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.

[i] This non-IFRS financial measure is identified, defined and reconciled to the closest IFRS measure, revenue, within our Management’s Discussion and Analysis for the three month periods ended December 31, 2015 and 2014, in the section “Other Financial Measures.” That MD&A is available at www.sedar.com under our company profile.

Kuss Filtration Purchases MERLIN IIoT Manufacturing Software for Factories in USA, China and Brazil

Findlay, OH, USA February 10, 2016 – MEMEX Inc. (TSX-V: OEE) is proud to announce that Kuss Filtration Inc., a global filtration product OEM, has purchased MERLIN Enterprise Edition for a multi-plant roll-out of Industrial Internet of Things (IIoT) software for manufacturing facilities in the USA, China, and Brazil. This sale includes 43 licenses of MERLIN and is a follow-on to a 10-license sale in June of 2015.

“Kuss is committed to quality through our operating management system and use of Six Sigma and Lean Manufacturing techniques, which has earned us the ISO/TS 16949 certification in addition to many awards and recognitions for design, innovation and product excellence,” said Kuss Filtration’s President and CEO Hasnain Merchant. “MEMEX’s MERLIN has proven itself, and now we intend to enhance our manufacturing excellence and profitability with MERLIN in three of our factories.”

“Kuss Filtration is a great example of a world-class company embracing the power of our MERLIN communications platform,” said MEMEX CEO David McPhail. “MERLIN proves that the Industrial Internet of Things isn’t a theory. IIoT is an implement-now competitive advantage for the smartest factories on the planet.”

MERLIN is an IIoT shop-floor-to-top-floor communications platform that connects industrial machines and provides manufacturing analytics in real time. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect, other protocols, or MERLIN hardware adapters for older machines.

About Kuss Filtration Inc.

Kuss Filtration manufactures exceptional filtration products with unparalleled quality and innovation. The company has over 60 years of experience providing air and liquid filtration solutions to a diverse global market. Today Kuss Filtration is comprised of six locations in the U.S. Brazil, Europe and China strategically placed to service its growing global customer base.

About MEMEX Inc.

MEMEX is a leading Industrial Internet of Things (IIoT) technology platform provider that delivers manufacturing productivity analytics. MERLIN software provides Overall Equipment Effectiveness (OEE) efficiency metrics in real time, from shop-floor-to-top-floor. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect, other protocols or MERLIN hardware adapters for older machines. For more information, please visit: www.MemexOEE.com.

Media Contacts

Kuss Filtration Inc.

Hasnain Merchant, President & CEO

Phone: +1 (419) 425-7233

Email: Hasnain.Merchant@KussFiltration.com

MEMEX Inc.
David McPhail, CEO

Phone: +1 (519) 993-1114

Email: david.mcphail@MemexOEE.com

Nathan Rudyk VP Marketing

Phone: +1 (905) 635-1540 ext. 216

Email: nathan.rudyk@MemexOEE.com

Sophic Capital Inc.                                                                                                          

Sean Peasgood, Investor Relations

Phone: +1 (416) 565-2805

Email: sean@sophiccapital.com

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.

American Manufacturing Leader Herb Homeyer Introduces IIoT Software to his factory with MERLIN Enterprise Edition

FOR IMMEDIATE RELEASE

Marthasville, MO, USA  January 12, 2016 – MEMEX Inc. (TSX-V: OEE) is proud to announce that Homeyer Precision Manufacturing Co. has purchased MERLIN Enterprise Edition for a plant roll-out of Industrial Internet of Things (IIoT) software in Marthasville, MO. The sale includes 23 licenses of MERLIN for Overall Equipment Effectiveness (OEE) and Direct Numerical Control (DNC), plus 9 MERLIN MTConnect hardware adapters for legacy CNC manufacturing machines.

Homeyer Precision Manufacturing is led by its President Herb Homeyer, who is also Chairman of the Board of The National Tooling and Machining Association (NTMA). A passionate business leader, he founded his company in 1990 with a belief in the power of American manufacturing — and a commitment to bring a new level of service to his industry.

“The Industrial Internet of Things, or IIoT, is a powerful trend, and MERLIN makes IIoT real by equipping industrial machines with the necessary interfaces for connecting, collecting, and analyzing manufacturing data in real-time,” said Homeyer. “Our manufacturing team did their homework before choosing MERLIN. One of the things that most impressed us is how no machine is left behind regardless of make or vintage, and MERLIN’s ability to implement quickly on our factory floor without costly integration services or associated time-lags. With this real-time visibility, we look forward to a significant boost in Overall Equipment Effectiveness, or OEE.”

“We are honored to be implementing MEMEX’s IIoT technology in the factory of a visionary manufacturing leader like Herb Homeyer,” said MEMEX CEO David McPhail. “With a correct focus on achieving business value versus simply counting connected devices, IIoT represents no less than the next industrial revolution. The previous three industrial revolutions were mechanization powered by steam engines in the 1800s, mass production powered by electricity and the assembly line in the early 1900s, and automation powered by computers in the late 1900s. Ushering in the fourth industrial revolution, IIoT is powered by the Internet and software applications like MERLIN.”

MEMEX’s flagship software product, MERLIN, is an IIoT shop-floor-to-top-floor communications platform that provides manufacturing analytics in real time. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect, other protocols, or MERLIN hardware adapters for older machines.

About Homeyer Precision Manufacturing Co.

Homeyer Precision Manufacturing serves many different industries from aerospace and defense to oil and gas and energy production. At a time when many high-tech jobs are moving overseas, the company continues to grow in the USA — delivering precision parts for some of the world’s most demanding advanced manufacturing companies for 25 years. Homeyer has achieved this thanks to its ongoing investments in leading edge manufacturing equipment and technology, and its commitment to bringing on the most talented, dedicated, and highly skilled employees for every job.

About MEMEX Inc.

MEMEX is a leading Industrial Internet of Things (IIoT) technology platform provider that delivers manufacturing productivity analytics. MERLIN software provides Overall Equipment Effectiveness (OEE) efficiency metrics in real time, from shop-floor-to-top-floor. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect other protocols or MERLIN hardware adapters for older machines. For more information, please visit: www.MemexOEE.com.

Media Contacts

Homeyer Precision Manufacturing Co.

Gretchen Homeyer, Director of Employee, Customer, & Community Relations

Phone: +1 636-433-2244
Email: ghomeyer@homeyertool.com

MEMEX Inc. 
David McPhail, CEO
Phone: 519-993-1114
Email: david.mcphail@MemexOEE.com

Nathan Rudyk VP Marketing
Phone: 905-635-1540 ext. 216
Email: nathan.rudyk@MemexOEE.com

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