Canadian Metalworking – March 20, 2015 – Burlington, ON.
Memex Automation has qualified for up to $800,000 in Government of Canada funding. The manufacturer of Machine to Machine (M2M) productivity software will direct funding towards the continued development of its flagship product, MERLIN (Manufacturing Enterprise Real-time Lean Information Network) software.
The funding announcement took place today at the company’s Burlington head office in a joint press conference with Minister of State for the Federal Economic Development Agency for Southern Ontario, Gary Goodyear, and local Burlington Member of Parliament, Mike Wallace, along with senior company executives.
The Government of Canada’s repayable contribution, through FedDev Ontario’s Investing in Business Innovation (IBI) initiative, is aimed at strengthening the innovation ecosystem in southern Ontario by supporting new entrepreneurs, early-stage businesses and angel investors.
IBI provides a repayable contribution of up to one-third of eligible costs of a project. A key element to the Memex Automation’s qualification for this initiative was the successful completion of its $2 million non-brokered private placement completed last August, representing two-thirds of the project cost. The company will be responsible for repaying all funds advanced without interest commencing in 2017.
“Advanced technologies are increasingly being adopted by our manufacturers as they seek to improve their competitiveness,” said Gary Goodyear, Minister of State for FedDev Ontario. “This investment is an example of how our Government is helping manufacturers stay in the region to create new jobs and foster innovation.”
“Memex Automation is changing how manufacturers operate by providing ways to maximize the efficiency of existing machines on the shop floor,” said Mike Wallace, Member of Parliament for Burlington. “Our Government is proud to support this innovative technology that will help businesses in such a key sector of our economy.”
“We are grateful for the support from the Government of Canada’s Investing in Business Innovation initiative from FedDev Ontario” said David McPhail, President and CEO of Memex Automation. “Memex Automation is a high-growth company that is adding knowledge-based jobs in Canada while we transform the productivity of global manufacturing firms with our shop-floor-to-top-floor communications technology. This important funding will be invested in accelerating the development and world-wide customer adoption of our MERLIN (Manufacturing Enterprise Real-time Lean Information Network) software solution.”
To see the full article, please click here.
We Have Moved!!!
/in Events, Recent NewsMemex Automation is pleased to announce that we have moved!
We have moved into a larger office space in the same building so that we can accommodate our growing company. Very exciting! Please make sure to take note of our new address. Our phone numbers and fax line will stay the same.
Memex Automation
3425 Harvester Road
Suite 105
Burlington, ON
L7N 3N1
[MC]2 2015 Conference
/in EventsDave Edstrom, Memex Automation’s CTO, will be attending the fourth annual [MC]2 Conference on April 28 – 30, 2015.
When: April 28 – 30, 2015
Where: McCormick Place, Chicago IL.
Digital Manufacturing and the Industrial Internet of Things (IIoT) will not only transform manufacturing processes, but also the business models of today. It will profoundly impact shop floor productivity, efficiency, and operations of the manufacturing industry around the world, thus opening a new era of economic growth and competitiveness.
The fourth edition of the conference, presented by AMT – The Association For Manufacturing Technology and the MTConnect Institute, will be packed with insights from speakers and networking opportunities to get your business ahead of the curve.
To learn more about [MC]2, please click here.
Cisco Joined MTConnect as a Technical Advisor Group Member in March 2015
/in BlogDave Edstrom, CTO Memex Automation, blogs about the good news of Cisco joining MTConnect as a technical advisor.
This is GREAT news for MTConnect and the world of manufacturing!
Note: I received permission from Cisco to both use their logo and and to state Cisco joined MTConnect.
Cisco’s Bryce Barnes is also presenting at [MC]2 2015 and below is from the MTConnect Conference web page.
Making the IOT a Reality and the Role of MTConnect
“Cisco leads the world in networking technology and coined the term the Internet of Things (IoT). Cisco CEO John Chambers has stated that the IoT market will generate an astounding $14 trillion in value over the next decade. As a September 2014 Network World article stated, “IoT is the intelligent connectivity of smart devices, expected to drive massive gains in efficiency, business growth and quality of life. In other words, when objects can sense each other and communicate, it changes how and where and who makes decisions about our physical world.” MTConnect is an enabling technology for IoT in manufacturing. Cisco as a new member of the MTConnect Institute is looking to participate in the rapidly growing community of Machine Builders and manufacturers who find tremendous value in the MTConnect model. In this talk, Bryce Barnes will discuss Cisco’s IoT and manufacturing vision, real life examples of IoT, and the value of MTConnect to manufacturing in this rapidly converging world of connected things.”
To view Dave Edstrom’s blog, please click here.
Astrix Networks Appoints Primary Capital as Financial Advisor
/in Press ReleasesBurlington, ON, Mar. 20 2015 – Astrix Networks Inc. (“Astrix”), operating as Memex Automation (“Memex”) (TSX VENTURE: OEE), the global leader of manufacturing M2M productivity software, has appointed Primary Capital Inc. (“Primary”) of Toronto, Ontario as a financial advisor to provide Astrix with general financial and capital markets advice for a term of 18 months.
In consideration of such services, Primary could be issued by Astrix up to 2,500,000 common shares, subject to TSX Venture Exchange approval, if certain contracted milestones are achieved. Primary may also earn a fee of 2% of gross proceeds if an acceptable public offering is completed within the term of the contract.
About Primary Capital Inc.
Primary is an exempt market dealer in Ontario, British Columbia, Alberta, and Quebec. Primary provides financial and capital markets advice, as well as assistance on capital raises, to Canadian-based growth companies. For more information, please visit www.primarycapital.ca
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 receives $800,000 in federal funding
/in ArticlesCanadian Metalworking – March 20, 2015 – Burlington, ON.
Memex Automation has qualified for up to $800,000 in Government of Canada funding. The manufacturer of Machine to Machine (M2M) productivity software will direct funding towards the continued development of its flagship product, MERLIN (Manufacturing Enterprise Real-time Lean Information Network) software.
The funding announcement took place today at the company’s Burlington head office in a joint press conference with Minister of State for the Federal Economic Development Agency for Southern Ontario, Gary Goodyear, and local Burlington Member of Parliament, Mike Wallace, along with senior company executives.
The Government of Canada’s repayable contribution, through FedDev Ontario’s Investing in Business Innovation (IBI) initiative, is aimed at strengthening the innovation ecosystem in southern Ontario by supporting new entrepreneurs, early-stage businesses and angel investors.
IBI provides a repayable contribution of up to one-third of eligible costs of a project. A key element to the Memex Automation’s qualification for this initiative was the successful completion of its $2 million non-brokered private placement completed last August, representing two-thirds of the project cost. The company will be responsible for repaying all funds advanced without interest commencing in 2017.
“Advanced technologies are increasingly being adopted by our manufacturers as they seek to improve their competitiveness,” said Gary Goodyear, Minister of State for FedDev Ontario. “This investment is an example of how our Government is helping manufacturers stay in the region to create new jobs and foster innovation.”
“Memex Automation is changing how manufacturers operate by providing ways to maximize the efficiency of existing machines on the shop floor,” said Mike Wallace, Member of Parliament for Burlington. “Our Government is proud to support this innovative technology that will help businesses in such a key sector of our economy.”
“We are grateful for the support from the Government of Canada’s Investing in Business Innovation initiative from FedDev Ontario” said David McPhail, President and CEO of Memex Automation. “Memex Automation is a high-growth company that is adding knowledge-based jobs in Canada while we transform the productivity of global manufacturing firms with our shop-floor-to-top-floor communications technology. This important funding will be invested in accelerating the development and world-wide customer adoption of our MERLIN (Manufacturing Enterprise Real-time Lean Information Network) software solution.”
To see the full article, please click here.