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

 

BNN News: MEMEX praised in feature on investing in Canadian tech companies

Canadian technology is “top shelf” with strength in B2B solutions and services, according to Colin Fisher, President and Portfolio Manager, Stableview Asset Management. BNN narrows the focus to Small-Cap Canadian tech and investing opportunities in the sector. Fisher offers his views on TECSYS Inc., VersaPay Corp. and MEMEX Inc. MEMEX appears at 6:22. Click here for video.

MEMEX Continues Revenue Growth

Their Industrial Internet of Things manufacturing productivity software generates record quarterly revenue.

Memex Inc. (Burlington, ON), a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, has released their 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:

  • The company generated record quarterly revenue of $614 thousand, $113 thousand higher than the same period in the prior year, and 7 percent 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 percent 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.
  • The sales force turned in $876 thousand in product bookings for the quarter, 58 percent 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 include:

  • The company bolstered its sales and marketing infrastructure with the addition of a vice president of marketing and three new U.S.-based sales representatives. In January 2016 the company also added a director of manufacturing excellence to accelerate MERLIN software 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. (San Francisco, CA) 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 (Placentia, CA), (30 MERLIN licenses and 28 MTConnect hardware adapters), and Homeyer Precision Manufacturing (Marthasville, MO), (23 licenses and 9 hardware adapters).
  • On January 18, the company 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 the company received a substantial follow-on order from Kuss Filtration Inc. for 43 MERLIN licenses as part of a multi-plant roll-out in the U.S., China, and Brazil. 

Management Commentary
The president and chief executive officer of Memex, David McPhail, stated, “The IIoT, represents the next industrial revolution, and our 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.”

www.MemexOEE.com

To see the full article click here.