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MEMEX Recognized as one of the Strongest Performing Companies on the TSX Venture Exchange

BURLINGTON, ON–(Marketwired – Feb 23, 2017) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) announces today that it was recognized as a 2017 TSX Venture 50 Company. The TSX Venture 50™ are the 50 strongest performing companies (out of 1,643 listings) on the TSX Venture Exchange.

Memex was ranked 4th in the Technology category (out of 131 listings) based on a ranking formula which equally weights market cap, trading volume, and share price. To commemorate this achievement, CEO David McPhail will join other TSX Venture 50 representatives at a market opening ceremony on Friday, February 24th, 2017.

“It is an honour to be selected as one of the leading technology companies for the TSX Venture 50,” said David McPhail. “The award is a testament to our corporate vision, innovative product offerings, and execution in the growing Industrial Internet of Things market. We are well positioned in IIoT and are excited about our growth opportunity in 2017 and beyond. This achievement was made possible through the continued support and confidence MEMEX received from its employees, shareholders, customers, and other business partners.”

About TSX Venture 50:

The TSX Venture 50 is an annual ranking by the TMX Group of 50 upcoming companies on the TSX Venture Exchange. The list is determined by assigning equal weighting to share price appreciation, trading volume, and market capitalization growth. The companies in the list have results in key measures of market performance.

About MEMEX:

MEMEX was founded with a vision to improve the way automated machine and production equipment work and connect on the factory floor. Since then MEMEX has proved itself a pioneer in IIoT time and again. The company is committed to its mission of “successfully transforming factories of today into factories of the future” and envisions converting every machine into a node on the corporate network, creating visibility from shop-floor-to-top-floor. MEMEX is the developer of MERLIN, an award-winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time. MEMEX’s software and hardware IIoT solution enable customers to achieve tangible IIoT-centric business outcomes. The MERLIN software suite and connectivity products has enabled manufacturers to achieve upwards of a 50% increase in productivity and a 20%-plus increase in profit, on average. Additionally, customers have secured payback in less than four months, which equates to an Internal Rate of Return greater than 300 per cent. For more information, please visit: www.MemexOEE.com.

Media Contacts

Memex Inc.: David McPhail, CEO

Phone: 519-993-1114

Email: david.mcphail@MemexOEE.com

 

Rashi Rathore, Marketing Manager

Phone: 905-635-3040 ext 103

Email: Rashi.Rathore@MemexOEE.com

 

Investor Relations

Sean Peasgood, Investor Relations

Phone: 416-565-2805

Email: Sean@SophicCapital.com

Click here to download the 2017 TSX Venture 50 Winners

MEMEX Inc. announces MERLIN Tempus™ and MERLIN Tempus Enterprise Edition Available for First Customer Ship (FCS)

Customer Beta Trial Feedback is Encouraging

BURLINGTON, ON–(Marketwired – Feb 21, 2017) – Memex Inc. (“MEMEX”) (TSX VENTURE: OEE) is pleased to announce the official release of MERLIN Tempus and MERLIN Tempus Enterprise Edition (EE), the next generation of our award-winning MERLIN Manufacturing Execution System software platforms.

Dave McPhail, President and CEO of MEMEX Inc., stated, “Following our Tempus debut at IMTS last September, we received significant interest in the platform’s next-generation, machine monitoring / analytics capabilities. Several of these inquiries led to beta tests with a number of clients and prospects, and their feedback was overwhelmingly positive.

With MERLIN Tempus and MERLIN Tempus EE, MEMEX is again redefining what it means to truly know what is happening in your manufacturing operations, regardless of industry vertical served. MEMEX has long been recognized as the leader in both shop floor monitoring, as well as providing MTConnect software and hardware solutions for any piece of manufacturing equipment on the plant floor. These new products will further differentiate MEMEX from the competition.

MEMEX’s entirely new software and hardware platforms build upon the success of the current award-winning MERLIN software suite and connectivity products, which has enabled manufacturers to achieve upwards of a 50% increase in productivity, a 20% plus increase in profit on just a 10% increase in OEE and payback in less than four months, which all equates to an Internal Rate of Return greater than 300%.”

About MERLIN Tempus and MERLIN Tempus Enterprise Edition:

MERLIN Tempus is an open and extensible Manufacturing Execution System (MES) platform that offers the next generation of tools and a dynamic configurable dashboard that provides a complete customizable view of shop floor operations. Tempus is Latin for time. MERLIN Tempus measures and analyzes manufacturing time. MERLIN Tempus tells manufacturers exactly how time is being used on their shop floors, with operators, with sensors and with any type of manufacturing asset. Developed using state-of-the-art software engineering technologies, including .NET and RESTful API’s, MERLIN Tempus delivers green-light metrics and analytical capabilities to effectively reduce downtime while increasing throughput and profits. MERLIN Tempus EE extends the capabilities of the MERLIN Tempus platform with full Overall Equipment Effectiveness (OEE) and integrated job scheduling. MERLIN Tempus supports MTConnect, Fanuc Focas, Fanuc I/O link to MTConnect®, OPC and other software protocols.

MERLIN Tempus and MERLIN Tempus EE are highly scalable, extensible and are open Manufacturing Execution System platforms. This is significant because it greatly simplifies and truly enables customers and partners to build upon the countless features and services MERLIN Tempus has to offer.

About MEMEX:

MEMEX, 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 accelerating 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 corporate networks, 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. For more information, please visit: www.MemexOEE.com.

Media Contacts

David McPhail
CEO
Phone: 519-993-1114
Email: david.mcphail@memexoee.com

Rashi Rathore
Marketing Manager
Phone: 905-635-3040 ext 103
Email: Rashi.Rathore@memexoee.com

Investor Relations
Sean Peasgood
Investor Relations
Phone: 416-565-2805
Email: Sean@SophicCapital.com

 

Frost & Sullivan recognizes MEMEX Inc. as 2016 Global Product leader in Machine Monitoring System

SANTA CLARA, California, Jan. 19, 2017 /PRNewswire/ — Based on its recent analysis of the global machine monitoring systems market, Frost & Sullivan has recognized MEMEX Inc. with the 2016 Global Frost & Sullivan Award for Product Leadership. With this award, MEMEX receives worldwide acclaim for its turnkey machine monitoring and automation solutions, especially its flagship product, MERLIN, a next generation scalable IIoT communication platform. The company continuously improves its products to stay relevant to a cross section of customers from the aerospace, automotive, and advanced industrial sectors. It further sets itself apart with its outstanding technical service, support, training, and software developm

By offering true shop floor to top floor communication and visibility at plant- and enterprise-level along with enhanced data collection, and tailored reporting capabilities, MERLIN presents specific data results that customers need to make strategic decisions reducing their overall capital expenditure. The MERLIN platform connects the shop floor with the top floor of any manufacturing facility by leveraging the Industrial Internet of Things (IIoT) Mega Trend in its overall concept and design. Acknowledging the importance of user friendliness, MEMEX designed the system in a way that the installed communications base and open machine integration software collects and houses all machinery data in a single, easy-to-access control panel and displays the data on an interactive dashboard. Furthermore, MERLIN  helps customers track and understand various performance metrics displayed on its system dashboard and performance trend charts.

“One of the distinguishing features of MERLIN is its operator portal, with its ability to perform machine-related operator inputs through a Microsoft Windows-based application,” said Frost & Sullivan Research Analyst, Rohit Karthikeyan. “This parameter-driven software allows operators to quickly tailor the operator portal to display the information they need on their personal devices. It makes the machine information accessible while still channeling operator information inputs, commands, and notices through the plant’s communication platform.”

Underlining its commitment to innovation, MEMEX expanded MERLIN’s offerings to include:

  • MERLIN Tempus, which supports enterprise-level machine connections and serves as a platform for shop floor communications
  • MERLIN MES, which enhances monitoring and browser-based graphical display capabilities for complete manufacturing execution systems
  • MERLIN DNC, which facilitates file transfers to machines from computer-aided drawing and manufacturing programs
  • MERLIN FOEE, which provides specialized financial overall equipment effectiveness (OEE) metrics to visualize real-time hourly profit contribution by product
  • MERLIN MTC-One, a circuit board hardware that connects machines to a network with multiple analog and digital inputs

MEMEX has taken innovation a step further by including product features such as the HTML-based widgets in the dashboard presentation layers of MERLIN. These widgets permit customers to smoothly tailor their data reporting to show only specific and relevant machine performance information to production teams. Combined, these features result in a highly scalable data reporting solution.

“MEMEX looks to make ‘cross-industry machine connections’ by providing machine and process monitoring, OEE, and communications functionalities,” noted Karthikeyan. “No other machine monitoring system offers such a solution, and it helped MEMEX achieve its mission of measuring manufacturing excellence.”

Each year, Frost & Sullivan presents this award to the company that develops a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the solution quality and the customer value enhancements it enables.

Frost & Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.

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 accelerating 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. For more information, please visit: www.MemexOEE.com

Media Contact
MEMEX Inc.:
David McPhail, CEO
Phone: 519-993-1114
Email: david.mcphail@MemexOEE.com

Rashi Rathore, Marketing Manager
Phone: 905-635-3040 ext 103
Email: Rashi.Rathore@MemexOEE.com

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.

Contact:

Chiara Carella
P: +44 (0) 207.343.8314
F: 210.348.1003
E: chiara.carella@frost.com

Click here to read more

 

OEE May Not Be Enough

Columns: 12/1/2016 | CONTRIBUTED BY DAVE EDSTROM ,Chief Technology Officer , Memex

Overall equipment efficiency (OEE) is a critical measurement of how well a manufacturing unit is doing. But shops should also focus on profitability, which is where Financial OEE comes in.

Overall equipment efficiency (OEE) is considered a critical measurement of how well a manufacturing unit is doing. The formula is simple: It multiplies the percentages of availability, performance and quality to yield a single percentage. This result enables similar units (one machine, one department, one plant or an entire enterprise) to be compared or rated against a target such as a plant’s best record or a benchmark of world-class performance. Focusing on OEE enables manufacturers to pinpoint factors that hold back productivity.

Significantly, recent developments in data-driven manufacturing make calculating OEE easier, faster and more accurate—and acting on it more effective. For example, these benefits are an important advantage of connecting machine tools to a network for data collection and monitoring.

However, shops and plants must also focus on profitability. Managers have to balance decisions about maximizing the part-making capability of their equipment with decisions about the money-making potential of this equipment. OEE ratings alone provide an incomplete picture. One development that seeks to address this shortcoming is called Financial OEE (FOEE), a trademarked name for a new feature of MERLIN Tempus Enterprise Edition (EE) from Memex.

MERLIN (Manufacturing Enterprise Real-time Lean Information Network) is a communications platform for real-time manufacturing analytics. Tempus is the company’s suite of applications for machine monitoring such as real-time views of the plant floor, custom dashboards, reporting, alerting and other functions related to data-driven manufacturing. Tempus EE adds OEE, job scheduling and other modules such as FOEE.

Memex has partnered with noted OEE expert and author Robert Hansen to develop this approach. FOEE answers the question, “What is the value of improving OEE on this particular machine for this particular product?” More to the point, it answers “How much profit is being left on the table by not performing at company-best or industry-best levels for that specific part?”  Thus, the FOEE concept shows the power of data-driven manufacturing and the Industrial Internet of Things to transform decision-making not only on the shop floor, but also in the front office.

Tempus EE automatically collects the event details necessary to compute OEE.  The first phase of FOEE applies to stand-alone machines making a finished product. FOEE requires three key financial input values for each product and the machine. These inputs are unit sales price, unit material cost and the hourly operational expense (OPEX) of the machine. This information can be derived from the ERP product standard and the income statement.

FOEE is the current-state hourly profit divided by a value representing a world-class level of profit. This ratio tells a company what profit it made compared to what profit could have been made at world-class levels. With this information, a company can see the financial value of improving the machine’s performance.

In the figure on page 40, a product called P0006 is analyzed over 180 days. The product-run OEE data is correlated with the three inputs necessary for FOEE. It also associates important actionable data such as profit contribution per hour and current FOEE based on the machine’s best FOEE percentage, as well as how much more profit would accrue by running the machine at its best OEE rate.

With FOEE, managers can look at jobs scheduled for a machine and make decisions based not just on utilization, but also on utilization and profit. This enables managers to compare a list of machines capable of running a certain job, and to determine which machine would yield the highest hourly profit. Just as the OEE figure related to each project or job is a key tool in prioritizing and evaluating continuous improvement projects, FOEE provides a quick view of the profitability opportunity for these projects. FOEE is a tool to make better business decisions for scheduling products, guiding continuous improvement efforts and giving important feedback to sales and marketing teams.

To view the complete article click here

Memex Inc. Presenting at the LD Micro “Main Event” Investor Conference

BURLINGTON, ON / ACCESSWIRE / December 1, 2016 / Memex Inc. (“MEMEX”) (TSX VENTURE: OEE) announced today that its Chief Executive Officer, David McPhail, will present at the 9th annual LD Micro Main Event Investor Conference on Tuesday, December 6, 2016 at 2:30pm Pacific Time at the Luxe Hotel in Los Angeles, California. Mr. McPhail will also meet with investors.

“Our presentation at a recent U.S.-based conference generated significant interest and resulted in numerous meetings. I am excited to share the MEMEX story with investors at the LD Micro conference,” said Mr. McPhail. “We believe the quality and breadth of tech companies attending the LD Micro Investor Conference will attract like-minded investors with whom our story will resonate.”

View Memex Inc.’s profile here: http://www.ldmicro.com/profile/OEE.V

About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event).

In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and microcap universe.

For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com/events for more information.

About MEMEX

MEMEX, 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 accelerating 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 networks, 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.

Media Contact
Memex Inc.:
David McPhail, CEO
Phone: 519-993-1114
Email: david.mcphail@MemexOEE.com

Rashi Rathore, Marketing Manager
Phone: 905-635-3040 ext 103
Email: Rashi.Rathore@MemexOEE.com

Investor Relations
Sean Peasgood, Investor Relations
Phone: 416-565-2805
Email: Sean@SophicCapital.com