Memex Generates over 800 Sales Leads from IMTS
Proactive Investors – September 18, 2014 – Memex Automation (CVE:OEE) says it substantially improved its sales pipeline at the International Manufacturing Technology Show (IMTS) held last week, generating more than 800 sales leads.
IMTS is the largest manufacturing technology trade show in North America. Held every two years, this year’s IMTS attracted 114,147 registrants and 2,035 exhibiting companies from 112 countries.
MERLIN, Memex’s MTConnect hardware and software solution, was featured 11 times by the trade press at IMTS, the company said.
“This was our most successful IMTS ever,” said chief executive officer David McPhail.
“Mazak, the world’s largest machine tool manufacturer, demonstrated MERLIN running live throughout their 800,000 square foot plant in Florence, Kentucky.”
“Hundreds of major manufacturers witnessed a thorough demonstration of MERLIN at both the Mazak and Okuma booths.”
The chief executive also said that many said to him that “if [we] can generate productivity similar to Mazak’s published improvements (+42% utilization, July 28, 2014, Automation.com), then that’s good enough for us.”
MTConnect is the open, royalty-free standard that is intended to foster greater interoperability between manufacturing devices and software applications. It is used with the company’s new CNC hardware adapters, bringing OEE network connectivity from the shop floor to management, no matter the make, model or vintage of machine.
The result is a tool that allows Memex’s Merlin software to track a large number of data inputs that measure OEE [overall equipment effectiveness] in real-time, machine by machine as well as other operational machine information.
The Merlin device monitors production and capacity utilization on the shop floor, improving profitability, reducing waste and ensuring compliance with regulations. It enables customers to address production bottlenecks as they happen, converting idle time back into production and ultimately improving throughput and increasing income from plant operations.
The company’s product was recently described in a case study by Mazak, which said that Merlin-related efforts to reduce downtime yielded a 42 percent improvement in utilization for the monitored machines. In addition, Mazak also reduced operator downtime by 100 hours per month, while 400 hours per month of previously outsourced work was returned to the company.
Memex will also be presenting at the Cantor Fitzgerald Technology Conference, to be held in Toronto on September 23, at the St. Andrew’s Club & Conference Centre.
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