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Homeyer purchases manufacturing analytics software from MEMEX Inc.

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Article from Metalforming Magazine

 

Homeyer Precision Manufacturing Co., Marthasville, MO, has purchased Merlin Enterprise Edition, an Industrial Internet of Things (IIoT) company-wide communications platform that provides manufacturing analytics in real time, from Memex Inc. The sale includes 23 licenses of Merlin for overall equipment effectiveness (OEE) and direct numerical control, as well as nine MTConnect hardware adapters for legacy CNC-manufacturing machines.
“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,” says Homeyer, who also is chairman of the board for the National Tooling and Machining Association. “One of the things that most impressed us is how no machine is left behind regardless of make or vintage, and the software’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 OEE.”
Homeyer Precision Manufacturing produces precision metal parts for many industries, including aerospace, defense, oil and gas, and energy production. Memex provides manufacturing-productivity analytics. For more on Merlin, the company’s flagship product, visit www.memexoee.com.

 

 

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MEMEX Inc. in Canadian Metalworking Magazine

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Machine Tool Controls

Reducing cycle times and increasing productivity.

January 4, 2016

by Nate Hendley

A series of new or newly updated machine tool controls promise to make machining more productive and easier for operators in firms large and small.

“Shops of all sizes are continuously looking for ways to monitor their shops more effectively…because, if you can’t measure it, you can’t manage it,” notes Mike Cope, senior product technical specialist at Hurco Companies, Inc., of Indianapolis, Indiana.

Cope offers a forecast of where machine controls might go in the years ahead.

“I think we will see new products becoming available in the future that will allow shop owners to monitor everything from something like a ‘master console’. We already see this beginning with third-party software like MT Connect, and even from machine tool builders like Hurco, with UltiMonitor. Both of these are examples of software that can allow the user to log on, via the Internet, and monitor what is going on in his shop ‘real-time’,” he says.

Ray Buxton, general manager at Mazak Corporation Canada in Cambridge, Ontario, cites “digital integration” as the wave of the future.

“Mazak is working with companies like Cisco and MEMEX develop complete digital integration in factories. I don’t think this will be limited to just big plants. This emerging technology—some call it “The Internet of Everything”—will link machines, ERP systems, scheduled and predictive maintenance and customers directly with each other for real time sharing of information,” says Buxton.

MEMEX - Shareholder

Small cap discoveries for 2016- report from Sophic Capital in Cantech Letter

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Sophic2016
This report was adapted by Cantech Letter from a piece prepared by Sophic Capital. For the original report, and more in-depth research, please visit Sophic Capital’s website, here.

The stock markets are recovering from summer’s ugly sell-off. Small-cap stocks got slaughtered, and when small-cap stocks get slaughtered, a lot of Canadian small-cap technology stocks are crushed. Summer was no exception and combined with tax-loss selling we think some names are set up well for 2016. Thankfully, at least from a stock-market perspective, summer is over, and investors are starting to get interested in good stocks again. If you’re an optimist, you know the summer slaughter was a temporary blip over the long-term, and small-cap tech stocks are ripe hunting grounds to find multi-baggers, even after the Fall rally.

More excerpts from the report…

“I know exactly what is happening on my plant floor” – don’t believe it.This is the perception of many people who work within manufacturing facilities. However, many have no basis to reach this conclusion. It’s a problem prevalent in the manufacturing industry. Machines and robots manufacture almost everything we use. And although these machines are reliable, few are monitored for efficiency. And if something isn’t monitored, it cannot be optimized. We believe that industrial IoT will have a big impact that will likely reward investors handsomely. Major machine manufacturers are modifying their machines to accommodate monitoring, but the majority of machines in use today aren’t exploiting this ability. Later on in this report, we highlight MEMEX Inc. (TSXV:OEE), a company disrupting manufacturing facilities by helping machines to “talk.”

…

For the manufacturing industry, IoT has the potential to grow from $42.2 billion in 2013 to $98.8 billion in 2018 (18.6% CAGR). IDC, the research firm that created the forecast, believes that efforts to increase efficiency and link islands of automation on the factory floor will be the drivers behind this growth.* Exhibit 23 details some of the reasons why manufacturers are considering IoT solutions. So how can investors participate in the enormous Industrial Internet of Things market?

 

MEMEX Inc.’s flagship product MERLIN is an industrial-strength shop-floor-to-top-floor communications platform that massively boosts productivity in highly competitive, data-driven manufacturing companies like Mazak, Magellan Aerospace, and Milwaukee Tool. MERLIN software allows factories to monitor productivity and Overall Equipment Effectiveness (OEE) metrics anywhere in real-time. Proven in single and multi-plant installations on three continents, MERLIN delivers a 10% to 50% average productivity increase, earns 20%-plus profit improvement based on just a 10% increase in OEE, consistently achieves payback in less than 4 months with an Internal Rate of Return greater than 300%, and connects to any machine, old or new. With MERLIN, the productivity promise of Industrial IoT isn’t a theoretical construct – it’s a real-time reality.

 

For the original piece in Cantech letter  click here 

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Fabricating and Metalworking.com Record Financial Results for Memex

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Revenue increased to $2.1 million, or 115 percent higher than the prior year.

January 4, 2016

Memex Inc. (Burlington, ON) a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, released its financial results and operational highlights for its year ended September 30, 2015. Financial Highlights for the year ended September 30, 2015:

  • The company generated record revenue of $2.1 million, $1.1 million or 115 percent higher than the prior year.
  • The company achieved record gross margin of $1.3 million, 200 percent higher than the prior year.
  • Unearned revenue of $582 thousand closed the year at a record high, $129 thousand or 28.5 percent higher than the previous high at September 30, 2014.

The company showed a $2.4 million net and comprehensive loss for the year equating to a $0.030 loss per share. This compares with a $2.1 million net and comprehensive loss and a $0.040 loss per share in 2014. Memex qualified for up to $800 thousand in Government of Canada funding through FedDev Ontario’s Investing in Business Innovation (“IBI”) initiative. Financial Highlights for the quarter ended September 30, 2015:

  • The company generated quarterly revenue of $575 thousand, a $373 thousand or 179 percent increase when compared to Q4-2014, and $124 thousand more than Q3-2015.
  • The quarterly loss from operations of $600 thousand was down $153 thousand from $753 thousand for the same period a year ago, and $266 thousand less than the $866 thousand reported Q3-2015.

Operational highlights for the year inlude:

  • The company sold its flagship software product, MERLIN, to 32 new manufacturing enterprise customers in Canada, Mexico, the United States and Australia including Lynch Fluid Controls Inc., Koss Aerospace Ltd., Industrial B&S de Mexico SA de CV, FM Industries Inc., ANCA Pty Ltd., The Oilgear Company and Milwaukee Electric Tool Corporation.
  • In August 2015 the company was invited by Mazak Corporation, a global machine tool leader, to join its exclusive Value Inspired Partner (VIP) program. Memex is the only such partner offering software in its category.
  • The company acquired the intellectual property and other related assets of Dostek Incorporated and engaged its president, Doug Struthers, in the role of Merlin Direct Numerical Control (DNC) Architect to bolster Merlin’s DNC product capabilities.
  • Commencing January 2015, the company focused its own Partner Channel program on relationships and future business potential with three of its largest partners: Mazak, Okuma, and Mazak Optonics.

“We are very proud of our accomplishments during fiscal 2015, and our team is focused on achieving even greater growth,” stated Memex president and chief exective officer David McPhail. “More than 90 percent of manufacturers today run their factories without IIoT software and our job is to turn them on to MERLIN’s well-documented return on investment. I commend each and every one of our employees for their contributions to this record year. And all of us want to thank our new and existing manufacturing customers for placing their trust in us as they take advantage of our software’s productivity promise.”

“We have expanded MERLIN’s global customer footprint, continued investment in the development of our direct sales and partner channels, and achieved success with key partners,” noted the company’s vice president of sales, John Rattray. “As well as customer expansion, we have immense potential within our existing install base. All of this progress is reflected in the numbers reported. The Industrial Internet of Things is a desirable concept to many advanced manufacturing firms. To our customers however, it’s an achievable, real-time reality with fast payback.”

To see the full article click here 

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The deMetallo metalworking supplier discovery platform promotes MEMEX’s MERLIN sale to Aero Pacific.

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Aero Pacific initiates plant-wide purchase of MERLIN enterprise edition software from MEMEX

23 December
MEMEX Inc. has announced that Aero Pacific Corporation, a U.S. manufacturer of aircraft parts and equipment, has purchased MERLIN Enterprise Edition for a plant-wide implementation in Placentia, CA. 30 licenses of MERLIN Enterprise Edition for Overall Equipment Effectiveness (OEE) and Direct Numerical Control (DNC), plus 28 MERLIN MTConnect hardware adapters for CNC manufacturing machines will be deployed.”MERLIN’s ability to connect every CNC machine on our factory floor despite make or origin utilizing the MTConnect communications standard for industrial equipment is integral to our efforts to further improve our quality and productivity,” said Mark Heasley, President at Aero Pacific. “Direct, real-time communication from our production equipment will give us a strategic advantage with our customers. We are deploying MERLIN in all three of our plant facilities and look forward to seeing its impact.”MEMEX’s flagship software product, MERLIN, is an industrial-strength shop-floor-to-top-floor communications platform that provides efficiency metrics 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 or hardware adapters for older machines.”After more than 50 years in business, Aero Pacific is a legendary name in California’s aerospace and advanced manufacturing industry,” said John Rattray, MEMEX’s Vice President of Sales. “We are proud to see them join more than 100 leading manufacturers like Mazak, Magellan Aerospace and Milwaukee Tool in recognizing MERLIN’s unique ability to realize the promise of the Industrial Internet of Things by connecting the shop floor to the top floor.”Memex is a leading Industrial Internet of Things (IIoT) technology platform provider that connects to any machine and delivers real-time manufacturing productivity metrics. 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 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 or hardware adapters for older machines.