Burlington, ON, Canada – June 18, 2015 – Astrix Networks Inc. (TSX-V: OEE), operating under the trade name Memex Automation (“Memex” or the “Corporation”), is pleased to announce that ANCA, an Australian-based tool manufacturing and grinding company, has purchased the Corporation’s machine productivity software solution MERLIN, for an installation on 25 machines over a defined phased roll-out by asset and time on a plant-wide basis. The value of the transaction is $110,000 USD.
Memex Automation’s flagship software product, MERLIN, enables effective machine communication across the shop floor, both in monitoring machine events as well as communicating to the machines with DNC. MERLIN can also increase machine utilization by an average of 10% to 50%, and plants using MERLIN are able to improve Income From Operations by as much as 60%, with a payback in months.
“The addition of MERLIN throughout our plant will not only help us increase our machining capacity, but also improve operational efficiency, visibility and communicate revision controlled programs to machines” says Mark Patman, Manufacturing Operations Manager of ANCA. “We anticipate this will result in increased customer satisfaction and better product quality.”
“Machine tool manufacturers recognize the need to be leaders and utilize the latest advanced technologies, as their customers demand the best” said John Rattray, Memex Automation’s Vice President of Sales. “ANCA is connecting their various machines to the MERLIN platform, utilizing various protocols and Memex hardware, to deliver a truly inter-connected machine-to-machine (M2M) shop floor showcase in the growing market of the Asia Pacific region.”
About ANCA
ANCA is a leading manufacturer of CNC tool and cutter grinders. These machines grind tools such as drills, endmills, taps, turbine blades, knee joints and hip joints for industries such as automotive, aerospace, electronics, tool manufacturers, medical and woodwork. For more information, please visit www.anca.com
About Memex Automation:
Memex Automation provides award winning software to measure Machine to Machine (M2M) productivity and Overall Equipment Effectiveness (“OEE”) in real-time. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE metrics for each machine in every plant. MERLIN is used by leading machine tool companies as a complete shop floor communications platform. 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) announces plant-wide roll out of MERLIN software by ANCA
/in Press ReleasesBurlington, ON, Canada – June 18, 2015 – Astrix Networks Inc. (TSX-V: OEE), operating under the trade name Memex Automation (“Memex” or the “Corporation”), is pleased to announce that ANCA, an Australian-based tool manufacturing and grinding company, has purchased the Corporation’s machine productivity software solution MERLIN, for an installation on 25 machines over a defined phased roll-out by asset and time on a plant-wide basis. The value of the transaction is $110,000 USD.
Memex Automation’s flagship software product, MERLIN, enables effective machine communication across the shop floor, both in monitoring machine events as well as communicating to the machines with DNC. MERLIN can also increase machine utilization by an average of 10% to 50%, and plants using MERLIN are able to improve Income From Operations by as much as 60%, with a payback in months.
“The addition of MERLIN throughout our plant will not only help us increase our machining capacity, but also improve operational efficiency, visibility and communicate revision controlled programs to machines” says Mark Patman, Manufacturing Operations Manager of ANCA. “We anticipate this will result in increased customer satisfaction and better product quality.”
“Machine tool manufacturers recognize the need to be leaders and utilize the latest advanced technologies, as their customers demand the best” said John Rattray, Memex Automation’s Vice President of Sales. “ANCA is connecting their various machines to the MERLIN platform, utilizing various protocols and Memex hardware, to deliver a truly inter-connected machine-to-machine (M2M) shop floor showcase in the growing market of the Asia Pacific region.”
About ANCA
ANCA is a leading manufacturer of CNC tool and cutter grinders. These machines grind tools such as drills, endmills, taps, turbine blades, knee joints and hip joints for industries such as automotive, aerospace, electronics, tool manufacturers, medical and woodwork. For more information, please visit www.anca.com
About Memex Automation:
Memex Automation provides award winning software to measure Machine to Machine (M2M) productivity and Overall Equipment Effectiveness (“OEE”) in real-time. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE metrics for each machine in every plant. MERLIN is used by leading machine tool companies as a complete shop floor communications platform. 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 Closes $3.9 Million Private Placement
/in Recent NewsBurlington, ON, Canada – June 3, 2015 – Astrix Networks Inc., operating as Memex Automation (TSX-V:OEE) (“Astrix,” “Memex” or the “Company”), is pleased to announced that, subject to receipt of final acceptance of the TSX Venture Exchange, it has closed its previously announced non-brokered private placement (the “Private Placement”). Pursuant to the Private Placement, Astrix issued 25,865,433 units at a price of $0.15 per unit for aggregate gross proceeds of $3,879,815. Each unit (a “Unit”) is comprised of one common share in the capital of the Company (a “Common Share”) and one-half of one common share purchase warrant. Each whole Warrant comprised of two half warrants (a “Warrant”) entitles the holder to purchase one Common Share at a price of $0.25 per share at any time prior to 5:00 p.m. EDT on June 2, 2017. The net proceeds of the private placement will be used for general working capital to advance the Company’s business plan.
The Company engaged Primary Capital Inc. (“Primary”) to manage the Private Placement. The Company has paid finders’ fees to Primary and other brokers equal to 8% of the proceeds raised via brokers ($273,384 in finders’ fees). The Company has also issued broker warrants (the “Broker Warrants”) equal to 8% of the number of Units sold via brokers (1,822,560 Broker Warrants). Each Broker Warrant entitles the holder to purchase one Unit at a price of $0.15 at any time prior to 5:00 p.m. EDT on June 2, 2017.
The Common Shares and Warrants issued in connection with the Private Placement will be subject to a four-month hold period from the closing date, as prescribed by the TSX Venture Exchange and applicable securities laws. The Private Placement may close in one or more tranches.
About Memex Automation:
Astrix Networks Inc., (TSX-V:OEE), operating as Memex Automation, provides award-winning software to measure Machine to Machine (M2M) productivity and Overall Equipment Effectiveness (“OEE”) in real-time. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE metrics for each machine in every plant. MERLIN is used by leading machine tool companies as a complete shop floor communications platform. 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.
Proposed Private Placement for Memex Automation Oversubscribed; To be Increased to Approximately $3.9 Million
/in Recent NewsBurlington, ON, Canada – June 1, 2015 – Astrix Networks Inc., operating as Memex Automation (TSX-V:OEE) (“Astrix,” “Memex” or the “Company”), is pleased to announced that its previously announced non-brokered private placement has received subscriptions for an amount significantly greater than the originally contemplated offering size of $2,500,000. As such, the Company has decided to increase the offering to be for aggregate gross proceeds of not more than $3,900,000 (the “Private Placement”). Pursuant to the Private Placement, Astrix will issue up to 26,000,000 units at a price of $0.15 per unit. Each unit (a “Unit”) is comprised of one common share in the capital of the Company (a “Common Share”) and one-half of one common share purchase. Each whole Warrant, comprised of two half warrants (a “Warrant”), entitles the holder to purchase one Common Share at a price of $0.25 per share at any time prior to 5:00 p.m. EST on the date that is twenty-four months following the closing date of the Private Placement.
In connection with the Private Placement, the Company has entered into an agreement with Primary Capital Inc. “Primary”) whereby they will manage the Private Placement. The Company will pay finders’ fees on certain subscriptions to Primary and any other brokers, equal to 8% of the proceeds raised via brokers and issue broker warrants (the “Broker Warrants”) equal to 8% of the number of Units sold. Each Broker Warrant entitles the holder to purchase one Unit at a price of $0.15 at any time prior to 5:00 p.m. EST on the date that is twenty-four months following the closing date of the Private Placement.
The Common Shares and Warrants issued in connection with the Private Placement will be subject to a four-month hold period from the closing date, as prescribed by the TSX Venture Exchange and applicable securities laws. The Private Placement may close in one or more tranches. The closing of the Private Placement is subject to receipt of subscription agreements from suitable investors and receipt of TSX Venture Exchange approval.
About Memex Automation:
Astrix Networks Inc., (TSX-V:OEE), operating as Memex Automation, provides award-winning software to measure Machine to Machine (M2M) productivity and Overall Equipment Effectiveness (“OEE”) in real-time. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE metrics for each machine in every plant. MERLIN is used by leading machine tool companies as a complete shop floor communications platform. 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.
AME/CME 2015 Canadian LEAN Conference
/in EventsThe AME/CME 2015 Canadian LEAN Conference is an event that offers attendees the opportunity to get a deeper understanding of LEAN principals and how they can be successfully applied in the work environment.
Where: Winnipeg, MB – RBC Convention Center
375 York Avenue, Winnipeg, MC, R3C 3J3
When: June 1 – 4, 2015
Rose Integration’s Ryan Bishop, Plant Manager of Rose Integration, will be presenting “Connecting Shop Floor to Top Floor” and focusing on the use of technology to drive the appropriate behaviours and how Memex’s MERLIN solution helped Rose Integration.
To learn more about the Canadian LEAN Conference, please click here.
Astrix Networks Inc. reports record revenue for the six-month period ended March 31, 2015
/in Recent NewsBurlington, ON, Canada – May 14, 2015 – Astrix Networks Inc. (“Astrix”), operating as Memex Automation (“Memex”) (TSX-V: OEE), the global leader of manufacturing M2M productivity software, released its financial results and operational highlights for its second quarter ended March 31, 2015.
Astrix generated record revenue of $1.03 million for the six months ended March 31, 2015, compared to $576,000 for the six-month period ended March 31, 2014. This represents a 79% increase year over year.
Gross profit for the six-months ended March 31, 2015 totaled $651,000 compared to $368,000 for the six-months ended March 31, 2014. This represents an increase of $283,000 or 77% from the prior year period.
Net loss for the six-months ended March 31, 2015 was $973,000 as the company continued building out its sales force and latest product development. This compares to a loss of $651,000 for the six-months ended March 31, 2014.
Highlights from Q2 2015
Company President, David McPhail, provided comment on Astrix continuing to build on its record revenue levels. “We are thrilled with the volume of orders that keep coming in, and the continuing customer adoption of our MERLIN shop floor communication platform strategy. Orders received since quarter-end are also very encouraging.”
About Memex Automation:
Memex Automation provides award winning software to measure Machine to Machine (M2M) productivity and Overall Equipment Effectiveness (“OEE”) in real-time. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE metrics for each machine in every plant. MERLIN is used by leading machine tool companies as a complete shop floor communications platform. 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.