MEMEX COVID-19 Statement

Statement to Memex Customers, Business Partners, Staff – COVID-19

Ensuring the health and safety of our people, customers, and business partners is our top priority right now. Given the growth in the number of cases of COVID-19 in North America, and continued uncertainty around the world, we are undertaking additional measures to protect employees, their families, our customers, business partners and communities.

We value your business and our goal is to ensure that we continue to provide you with a high level of service.

Like you, we are continuously monitoring information from official health organizations and planning and adjusting for business continuity in changing scenarios. Here are some of the steps we’ve taken:

Delivering and Maintaining Client Service to You
We realize that business has to continue as usual where possible, which includes continuing to provide you with the level of service that you expect and require. We have taken steps to ensure that the timeliness and quality of that work remains unaffected. Wherever possible, our Client Services Representatives, development and other resource staff will be working remotely.

Our approach to business communications will remain largely unchanged, undertaken through direct telephone call or group teleconferencing. We provide join.me links and dial-in numbers for any customer interaction/meetings requiring the sharing of visual information.

We have temporarily postponed all on-site installations, with the expectation to re-evaluate conditions at the beginning of April. We have put restrictions in place for all non-essential business travel, with absolutely no travel to highly affected areas within North America.

Ensuring a Safe and Clean Environment
We have made it a priority to monitor Memex personnel for COVID-19 symptoms, while also regularly
communicating Health Canada’s guidance and providing reminders on the established steps to take to stay safe and avoid spreading the virus. Additional cleaning protocols, including office-cleaning and supplying additional hand sanitizer stations in our reception and common areas, are in effect.

We have asked anyone who feels unwell to work from home or to rest until they are fit to be at the office. We have enhanced this policy and now ask any employee who experiences symptoms of COVID-19 or who has come into contact with someone awaiting test results to work from home and to follow Health Canada recommendations. This includes self-isolation for those who have contracted the virus or come into contact with someone who has tested positive, or who have returned from travel from a country or region that public health officials have deemed to be high risk.

Ensuring business continuity
As part of our emergency preparedness and our normal business protocol, we have established business continuity plans that include flexible remote work options and training. We are making every effort to ensure that we can provide you with the same timely service you are used to, while providing safe working conditions for our people.
Our relationship with you is important. This is an unprecedented time for everyone, and we ask you to stay connected with us and let us know if there is anything, we can do to assist you at this time.

Click Here to download the complete statement

MEMEX Inc. to Showcase MERLIN Tempus at IMTS 2018: The Next Generation of Data-Driven Manufacturing Software

BURLINGTON, ON / ACCESSWIRE / September 6, 2018 / MEMEX Inc. (“MEMEX” or the “Company”) (TSX-V: OEE) is proud to announce that it will be showcasing and demonstrating its latest release of MERLIN Tempus Enterprise Edition (EE) at the International Manufacturing Technology show (IMTS) 2018, being held at McCormick Place in Chicago. The show runs from September 10th through the 15th, and MEMEX will be located at booth 133368.

Developed utilizing the latest technology (HTML5, .NET, RESTful API’s), MERLIN Tempus’ real-time data collection capabilities can capture machine-generated information and real-time sensor data including alarm states, feed and speed rate overrides, as well as various other green-light metrics. This data can then be contextualized in a wide array of easy-to-read visual dashboards and KPI reports.

Tempus provides for easy navigation and has many enhanced features useful to production personnel, engineers, operators and managers for shop floor production operations, including role-based dashboards, Op-Step management functionality, priority and alternate machine routings, asset management, traceability, event manager pan and zoom, analytics, and advanced data source conditioning. The ‘enterprise edition’ allows for all this plus, with its new durable gateway architecture, allows for multi-plant operations across time zones. The EE also offers bi-directional communication to virtually all ERP systems.

“The 5-steps to success in Data-Driven Manufacturing are: Connect – Visualize – Analyze – Optimize – Monetize. MERLIN Tempus allows manufacturers to take control of this process and optimize operational efficiency at a whole new level.”, says David McPhail, CEO & President, MEMEX Inc., “This release of MERLIN is the most scalable and powerful plant monitoring software in the Company’s history.”

About MEMEX Inc.:

Established in 1992, MEMEX grew to be an industry leader in Industry Internet of Things (IIoT) through the development of MERLIN Tempus, an award-winning platform that delivers real-time, tangible increases in manufacturing productivity. MEMEX is on the leading edge of industry trends in computing power, machine connectivity, industry standards, advanced software technology, and manufacturing domain expertise.

Our persistent pursuit of innovative IIoT solutions led to a comprehensive understanding of the challenges manufacturers face. We made it our mission to, “successfully transform factories of today into factories of the future.” As the global leader in Machine to Machine (M2M) connectivity solutions, our hardware and software products create unparalleled visibility at all levels, from “Shop-Floor-to-Top-Floor.”

The MERLIN Tempus Suite provides effective quantification and management of Overall Equipment Effectiveness (OEE) by revealing hidden capacity using real-time objective data. Further, it offers sustainable benefits that enable world class OEE such as reducing costs, incorporating strategies for continuous LEAN improvement, and boosting bottom line financial performance. For more information, please visit: www.MemexOEE.com

For inquiries please contact:

Sean Peasgood, Investor Relations
647-977-9264
sean@sophiccapital.com

Rashi Rathore, Marketing Manager

905-635-1540

investor.relations@memexOEE.com

David McPhail, President & CEO

905-635-1540

investor.relations@memexOEE.com

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

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