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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.

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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

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.

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MEMEX Engages Sophic Capital for Capital Markets Services

BURLINGTON, ON – (January 11, 2016) ­­– MEMEX Inc. (MEMEX) (TSX VENTURE: OEE) announced today it has appointed Sophic Capital Inc. (Sophic Capital) as its Investor Relations (IR) firm. Sophic Capital is a comprehensive capital markets advisory firm for companies in the technology sector, and will focus on increasing investor awareness of MEMEX by developing a relevant communications strategy and introducing MEMEX to appropriate investment advisors, investment dealers, institutions and other financial professionals.

“We welcome Sophic Capital as our new IR partner to tell our story to its extensive base of institutional and retail investors,” said David McPhail, CEO of MEMEX. “Leading with our flagship software product, the MERLIN shop-floor-to-top-floor communications platform, MEMEX achieved 115% revenue growth in 2015. In 2016, we look forward to leveraging Sophic’s capital markets expertise to help communicate our growth strategy and Industrial Internet of Things (IIoT) technology roadmap to the entire investment community.”

“We are thrilled that MEMEX has selected Sophic Capital to execute its capital markets and investor relations strategies,” said Sean Peasgood, CEO of Sophic Capital. “According to research firm IDC, the Internet of Things market for manufacturing operations will grow to $98.8 billion by 2018. Growth will be driven by ongoing efforts to increase efficiency and link islands of automation – which is precisely MERLIN’s mission. MEMEX is quickly becoming a leader in manufacturing productivity software, and is well positioned for growth organically and through its partnerships with leading machine vendors and networking equipment manufacturers.  MEMEX has all of the characteristics that we look for in a quality, disruptive technology company and we look forward to communicating this to the investment community“.

MEMEX’s engagement with Sophic Capital is for a term of 12 months, subject to an automatic renewal for an additional 12 months, on a fee for services basis of $6,000 per month. In addition, Sophic has been granted options to purchase up to 250,000 shares of Memex at a price of $0.18 per share.  The options will vest quarterly in four tranches of 62,500 each during the term of the contract starting April 1, 2016 and will expire on the earlier of (i) 90 days after termination of the engagement and (ii) January 1, 2019. The options are governed by the provisions of the Company’s stock option plan and the policies of the TSX Venture Exchange.

ABOUT MEMEX INC.

MEMEX Inc. is a leading Industrial Internet of Things (IIoT) technology platform provider that connects to any machine and 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 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. 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

Sean Peasgood, Investor Relations

Sophic Capital Inc.

(416) 565-2805

Sean@SophicCapital.com

 

David McPhail, CEO

MEMEX Inc.
(519) 993-1114

David.McPhail@MemexOEE.com

 

Nathan Rudyk, VP Marketing

MEMEX Inc.
(613) 406-3939

Nathan.Rudyk@MemexOEE.com

 

 

 

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Aero Pacific Initiates Plant-Wide Purchase of MERLIN Enterprise Edition Software From MEMEX

December 22, 2015 08:15 ET

BURLINGTON, ON–(Marketwired – Dec 22, 2015) –  MEMEX Inc. (TSX VENTURE: OEE) is pleased to announce 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.”

About MEMEX Inc.

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. 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.

Media Contact:

MEMEX Inc.

John Rattray VP Sales
Phone: 905-635-1540 ext. 201
Email: john.rattray@MemexOEE.com

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

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MEMEX Inc. Releases Fiscal 2015 Year End Results with Record Annual Revenue 115% Higher Than the Previous Year

Burlington, ON, Canada – December 17, 2015 – 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 year ended September 30, 2015.

Financial Highlights for the Year Ended September 30, 2015:

Memex generated record revenue of $2.1 million, $1.1 million or 115% higher than the prior year.

Memex achieved record gross margin of $1.3 million, 200% higher than the prior year.

Unearned revenue of $582 thousand closed the year at a record high, $129 thousand or 28.5% higher than the previous high at September 30th 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:

Memex generated quarterly revenue of $575 thousand, a $373 thousand or 179% 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:

Memex 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 Memex 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.

Memex 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 Memex focused its own Partner Channel program on relationships and future business potential with three of its largest partners: Mazak, Okuma, and Mazak Optonics.

Management Commentary:

Memex’s President & CEO David McPhail stated, “We are very proud of our accomplishments during fiscal 2015, and our team is focused on achieving even greater growth. More than 90% 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 MERLIN software’s productivity promise.”

Memex’s Vice President of Sales John Rattray stated, “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. 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 MERLIN customers however, it’s an achievable, real-time reality with fast payback.”​

About Memex Inc.

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. 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

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.