MEMEX Inc. Releases Q3 Financial Data

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Burlington, ON, Canada – August 27, 2015 – MEMEX Inc. (TSX-V: OEE), a global leader of manufacturing M2M productivity software, released its financial results and operational highlights for its third quarter ended June 30, 2015.

Memex generated record revenue of $1.48 million for the nine months ended June 30, 2015, compared to $753,000 for the same period in the prior year. This represents a 97% increase year over year.

Gross profit for the nine-months ended June 30, 2015 totalled $878,000 compared to $431,000 for the nine months ended June 30, 2014. This represents an increase of 57%.

Net loss for the nine months ended June 30, 2015 was $1.85 million as the company continued its investment in product and sales development. This compares to a loss of $1.2 million for the nine months ended June 30, 2014.

Highlights from Q3 2015

  • Reported revenue for the quarter of $451,000 is a 155% year over year increase.
  • Orders (excluding component sales) received in the quarter totalled $515,000, an increase of 29% year over year.
  • 11 new customer wins (as well as several follow-on orders) in the quarter vs. 6 in the same quarter last year.
  • In June, Memex completed a $3.9 million Capital raise.

Company President & CEO David McPhail commented, “We are pleased with both our year to date as well as our quarterly year over year comparable growth. Our continued investment in the development of our direct sales and partner channels is reflected in the numbers reported. The concept of Data Driven Manufacturing and the compelling value equation that the adoption of our flagship product MERLIN creates are resonating well with both net new customers and the follow-on project expansion plans of our existing customers.”

Memex also announces that it has issued 1 million common shares, at a deemed price per share of $0.20, to its financial advisor.  As previously announced in a press release issued on March 20, 2015, Memex appointed a financial advisor to provide general financial and capital markets advice to Memex.

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. MERLIN connects to any machine, old or new, utilizing MTConnect, other protocols or hardware adapters. The MERLIN magic delivers a 10% to 50% average productivity increase so that any manufacturer can achieve world-class standards of excellence. Based on just a 10% increase in OEE, customers see profit improvements of 20%-plus and payback in less than four months.   For more information, please visit: www.memex.ca.

Media Contacts

Leanne Rattray, Communications Specialist
905-635-1540 x103
leanne.rattray@memex.ca

David McPhail, CEO
519-993-1114
david.mcphail@memex.ca

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.

To see the full press release, please click here.

Mazak Welcomes MEMEX to its VIP Partner Program

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Florence, KY – August 25, 2015 – Mazak Corporation recently named MEMEX Inc. (TSX-V:OEE), the data-driven manufacturing technology vendor of the industrial-strength shop-floor-to-top-floor communications platform MERLIN, to its exclusive Value Inspired Partner (VIP) program. The announcement comes at a time when Mazak is paving the way in digital resource productivity via its iSMART Factory concept, an all-encompassing vision that harnesses the power of connectivity to optimize manufacturing operations at every level.

Mazak selects VIP partners that share its same forward-thinking approach to manufacturing. According to Brian Papke, president of Mazak Corporation, MEMEX makes the perfect VIP because Mazak knows first-hand how the company can help create factories of the future today. And, like Mazak, MEMEX believes in continuous innovation, boosting manufacturing productivity via digital interconnectedness and helping customers achieve the best possible competitive advantage.

MERLIN plays a critical role in the iSMART Factory concept by allowing Mazak to monitor its productivity and overall equipment effectiveness metrics from anywhere in real-time. The MTConnect® open communications protocol works in conjunction with MERLIN to harvest the data from all the different production floor machines, cells, devices and processes.

As a VIP partner, MEMEX will continue to collaborate with Mazak on ways to continue to transform its iSMART Factory. The two companies will also work together to make data-driven manufacturing highly accessible to Mazak customers. This is especially beneficial in a time when talk of smart machines, in-depth software analytics and IIoT is giving rise to a new generation of innovative technologies that will transform the manufacturing paradigm within the next decade.

David McPhail, President & CEO of MEMEX, said, “We are very excited to have been selected by Mazak to join its VIP partner program, and see this as a great opportunity to collectively enhance the productivity and profitability of Mazak customers through the adoption of the iSmart factory initiative. We believe that the iSmart factory concept is the next logical step in the evolution of data driven manufacturing, enabling the factory of the future – today.”

Launched in 2010 to provide customers with total manufacturing solutions, the Mazak VIP program brings together leading producers of complementary technologies for Mazak machines to create more innovative products and turnkey processes.  By collaborating on R&D and integration efforts, the VIP program fosters a high level of cooperation and technological integration that moves well beyond individual pieces of equipment. The program also fuels development of comprehensive training solutions for manufacturers across all market segments.

To learn more about the highly selective Mazak VIP program and all of its VIP partners, please visit www.mazakusa.com/vip.

About Mazak Corporation

Mazak Corporation is a leader in the design and manufacture of productive machine tool solutions. Committed to being a partner to customers with innovative technology, its world-class facility in Florence, Kentucky, produces over 100 models of turning centers, Multi-Tasking machines and vertical machining centers, including 5- axis models. Continuously investing in manufacturing technology allows the Kentucky iSMART Factory to be the most advanced and efficient in the industry, providing high-quality and reliable products through its “Production-On-Demand” practice. Mazak maintains eight Technology Centers across North America to provide local hands-on applications, service and sales support to customers. For more information on Mazak’s products and solutions, visit www.mazakusa.com.

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. MERLIN connects to any machine, old or new, utilizing MTConnect, other protocols or hardware adapters. The MERLIN magic delivers a 10% to 50% average productivity increase so that any manufacturer can achieve world-class standards of excellence. Based on just a 10% increase in OEE, customers see profit improvements of 20%-plus and payback in less than four months.   For more information, please visit: www.memex.ca.

Media Contacts

Leanne Rattray, Communications Specialist
905-635-1540 x103
leanne.rattray@memex.ca

David McPhail, CEO
519-993-1114
david.mcphail@memex.ca

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.

To see the full press release, please click here.

Astrix Networks Inc. changes name to Memex Inc.

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Burlington, ON, Canada – July 21, 2015 – Astrix Networks Inc. (TSX-V: OEE), operating under the trade name Memex Automation, announces that it has officially changed its name to Memex Inc.

The name change will be effective for trading purposes on the TSXV commencing at the opening of trading on July 22, 2015.  The common shares of the company will continue to trade under the operating symbol “OEE” following the name change. The existing share certificates issued under the former name of Astrix Networks Inc. will continue to represent common shares of the company under the new name, Memex Inc., and there is no need for shareholders to exchange their share certificates.  However, if any shareholder wishes to exchange their share certificates for new share certificates issued under the new name Memex Inc., they can do so by contacting the company’s transfer agent Computershare Trust Company of Canada.

“Changing Astrix’s name to Memex was something that we had wanted to do for a while,” says David McPhail, President and CEO of Memex Inc.  “Astrix has done business as Memex Automation for years and we are well known for that.  We felt that the name ‘Memex Automation’ no longer fit quite right with the direction our business has been going in so we wanted a fresh start.  Sticking with the Memex theme seemed only natural as most of our customers and prospects know and refer to us as Memex.”

“Brand awareness is very important.  With over 12,000 electronic circuits boards installed in machines in various customer sites, all with the Memex name on it, we know the service people see this and they call Memex,” said John Rattray, VP Sales & Marketing.  “Our products and names must be consistent.”

Memex Inc.’s flagship software product, MERLIN, is an industrial-strength shop floor communications platform that delivers Overall Equipment Effectiveness (OEE) metrics in real-time. MERLIN enables data-driven manufacturers to enhance productivity on any machine, typically 10% to 50%, and increase profit from operations.

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 metrics. Industrial strength MERLIN software provides Overall Equipment Effectiveness (OEE) efficiency metrics in real time, from shop floor to top floor. MERLIN connects to any machine, old or new, utilizing MTConnect, other protocols or hardware adapters. The MERLIN magic delivers a 10% to 50% average productivity increase so that any manufacturer can achieve world-class standards of excellence. Based on just a 10% increase in OEE, customers see profit improvements of 20%-plus and payback in less than four months.   For more information, please visit: www.memex.ca.

Media Contacts

Leanne Rattray, Communications Specialist
Phone: 905-635-1540 ext. 103
Email: leanne.rattray@memex.ca

David McPhail, CEO
Phone: 519-993-1114
Email: david.mcphail@memex.ca

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.

To see the full press release, please click here.

 

Oilgear Has Provided a Follow on Order for the MERLIN Solution From Memex Automation

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Burlington, ON, Canada – Jul 6, 2015 – Astrix Networks Inc. (TSX VENTURE: OEE), operating under the trade name Memex Automation (“Memex”), is pleased to announce that Oilgear, a Milwaukee-based fluid technology provider with a focus on integrated hydraulic/electric systems, has expanded its MERLIN solution to eight of its machines. The expansion comes after a previous purchase order from Mazak, an OEM channel sales partner.

Memex Automation’s flagship software product, MERLIN, is an industrial-strength shop floor communications platform that delivers Overall Equipment Effectiveness (OEE) metrics in real-time. MERLIN enables data-driven manufacturers to enhance productivity on any machine, typically 10% to 50%, and increase profit from operations.

“We are making a significant capital investment in our pump manufacturing plant in Fremont, NE, and felt it is very important to monitor the assets to ensure clear visibility of the machine utilization,” says Jason Lake, VP of Americas, Oilgear. “We know having real time knowledge of our machines and utilizing the historical reporting analysis tools will allow us to further increase our efficiency in operations.”

“The precision machining for the fluid control sector requires accuracy, which is where the MERLIN solution excels, as it provides exact data from the machine,” said John Rattray, Memex Automation’s Vice President of Sales. “Advanced machine monitoring solutions utilize the MTConnect standard for data driven manufacturing, delivering efficiency metrics, operational productivity, and bottom-line profits.”

About Oilgear

The Oilgear Company is a supplier of highly engineered pumps, valves and controls. The company focuses on rapid product development to serve extreme applications in energy, mobile construction and broad industrial segments. Oilgear uses advanced hydraulic/electronic simulation tools, FMECA processes and state of the art R&D centers to fast track design qualification. Testing capability includes a 15,000 GPM flow rate test stand, 25,000 PSI pressure test stand, a high fluid contamination/fatigue validation test stand and real-time data logging on all of the above.

Investment in the Fremont manufacturing plant will allow Oilgear to upgrade its production manufacturing capability. Matched with its engineering, product development and R&D facilities at the Fremont plant brings The Oilgear Company to the forefront of supplier capability. For more information, please visit: www.oilgear.com

About Memex Automation

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. MERLIN connects to any machine, old or new, utilizing MTConnect, other protocols or hardware adapters. The MERLIN magic delivers a 10% to 50% average productivity increase so that any manufacturer can achieve world-class standards of excellence. Based on just a 10% increase in OEE, customers see profit improvements of 20%-plus and payback in less than four months. For more information, please visit: www.memex.ca.

Media Contacts

Leanne Rattray, Communications Specialist
Phone: 905-635-1540 ext. 103
Email: leanne.rattray@memex.ca

David McPhail, CEO
Phone: 519-993-1114
Email: david.mcphail@memex.ca

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.

To see the full press release, please click here.

Memex Automation (TSX-V: OEE) acquires the intellectual property and other assets of Dostek Incorporated

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Burlington, ON, Canada – June 26, 2015 – Astrix Networks Inc. (TSX-V: OEE), operating under the trade name Memex Automation (“Memex”), is pleased to announce that it has agreed to acquire the intellectual property and other related assets of Dostek Incorporated (“Dostek”).  In addition, Memex has engaged Dostek’s President, Doug Struthers, in the role of MERLIN DNC Architect.

Dostek produces a broad range of Computer Numeric Control (“CNC”) communication products, including Distributed Numerical Control (“DNC”) software and accessories and Behind-the-Tape Reader (“BTR”) interfaces.  DNC is a method for loading parts programs onto manufacturing machines.  With the acquisition of Dostek and its intellectual property, Memex intends to further enhance the DNC capabilities of its world leading MERLIN shop floor communications platform.

“Dostek has done well to establish itself as a leader in offering products for easy and reliable communications to CNC machines.  Now with MERLIN and the Memex team, we can deliver the best shop floor communications platform,” says Doug Struthers.

“The 16 million unit global market for CNC machines using DNC is rapidly changing, and it represents a huge market opportunity for Memex,” stated David McPhail, President and CEO of Memex Automation.  “The acquisition of Dostek is a significant step to not just increase our DNC product portfolio offering, but to create a world class and market leading DNC solution that manufacturers in every country are demanding.”

About Dostek Incorporated

Dostek is a software company that provides a full range of CNC communications products, such as DNC software, DNC accessories (ports, cables etc.) and Behind-the-Tape Reader (BTR) interfaces.  For more information, please visit: www.dostek.com

About Memex Automation

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. MERLIN connects to any machine, old or new, utilizing MTConnect and other protocols. The MERLIN magic delivers a 10% to 50% average productivity increase so that any manufacturer can achieve world-class standards of excellence. Based on just a 10% increase in OEE, customers see profit improvements of 20%-plus and payback in less than four months.   For more information, please visit: www.memex.ca.

Media Contacts

Leanne Rattray, Communications Specialist
Phone: 905-635-1540 ext. 103
Email: leanne.rattray@memex.ca

David McPhail, CEO
Phone: 519-993-1114
Email: david.mcphail@memex.ca

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.

To see the full press release, please click here.