How MEMEX got two industry giants to endorse its manufacturing connectivity platform–National Post

Rick Spence | January 18, 2016 | Last Updated: Jan 18 9:00 AM ET

The endorsement of networking giant Cisco and Japanese manufacturing titan Mazak took MEMEX Inc. CEO David McPhail and his team eight years to forge.

David McPhail, the CEO of Burlington, Ont.-based MEMEX Inc., loves showing off a new white paper from Mazak, the Japan-based machine-tool giant. Even though its title, “Complete Digital Factory Integration and the IIOT” (Industrial Internet of Things) suggests most people will find it less than a thrilling reading.

But McPhail cares mostly about the cover, and its three company logos. The stylized word mark of Mazak, with 7,800 employees and 10 factories worldwide, appears on the left side; on the right, inspired by the Golden Gate Bridge, sits the logo of Cisco, the San Francisco networking giant with 72,000 employees; and tucked proudly between the two is the logo of tiny MEMEX, with 39 employees and sales of $2.1 million.

This kind of exposure doesn’t happen by accident. The eight-page brochure promoting a new “Smart Box” that enables digital connectivity between manufacturing tools represents eight years of work by McPhail and his team. Their MERLIN communications platform collects operating data from each piece of equipment and displays it in a dashboard that lets manufacturers boost efficiency by monitoring performance, maintenance and inventory in real time.

McPhail’s solution is easy to implement, and half the price of alternative solutions. But it’s only in recent months that MEMEX has secured the endorsement of two industry giants, which should at last give the company a competitive advantage as more manufacturers embrace connectivity “from shop floor to top floor.” McPhail says MEMEX’s systems can deliver a 300 per cent ROI in the first year alone — but product excellence isn’t always enough.

MEMEX’s efforts illustrate the problems experienced by many business innovators, even when all the trends run in their direction. There’s no doubt that manufacturers around the world need MEMEX’s solution. Factories normally have a wide range of machines on their floors, from different brands and different eras, making it difficult to integrate operating data. McPhail’s unofficial motto is “No machine left behind.”

But MEMEX has had to work hard to convince prospects that data collection should no longer be done with people walking around carrying clipboards. “This is a conservative industry,” he says. “Most manufacturers are followers, not creators of trends.”

The company has been pushing the Digital Factory since 1992, but struggled at a time when machine memory was limited, and manufacturers were still sanguine about productivity. “The product was way ahead of its time,” McPhail says. “People didn’t understand what computing would mean to manufacturing. They’re still waking up to it now.”

MEMEX endured a series of jarring changes — becoming an acquisitor, going public, and going private again — before McPhail, a longtime manufacturing entrepreneur, bought the company out of receivership in 2007. Since then, it has benefited from manufacturers’ growing obsession with productivity, especially those adopting Lean production systems. “Without real-time data, you’re not really doing lean,” McPhail says.

In 2011, MEMEX released MERLIN, a data-collection platform that hooks equipment together at a cost of $5,000 to $6,000 per machine. Developed at an internal marketing meeting fuelled by $70 worth of pizza, “MERLIN” is an act of savvy branding — being the name of both a wizard and a fierce bird of prey.

MEMEX got its wings 2013, when Mazak selected MERLIN out of seven competitors to monitor its 800,000-sq.-ft. U.S. factory in Florence, Ky. It was a shootout, McPhail says. “Mazak asked for a 10 per cent productivity increase. We gave them 42 per cent.”

People didn’t understand what computing would mean to manufacturing. They’re still waking up to it now
Soon after, MEMEX went public on the TSX Venture Exchange, largely so it could raise funds and issue options to attract top talent. One of its key wins: chief technology officer Dave Edstrom, who helped develop the open-source standard for machine-to-machine communications as president and chairman of the MTConnect Institute.

The company hasn’t looked back since. In fiscal 2015, MEMEX doubled sales, to $2.1 million, and McPhail expects them to grow another 100 per cent this year. Most excitingly, last year Mazak asked MEMEX to be one of just 13 VIP partners in its worldwide iSmart manufacturing push. And in October the two companies joined with Cisco to introduce the SmartBox platform, which adds Cisco security to factories’ growing cloud-based networks.

The SmartBox, scheduled to launch in March, is the culmination of another five years of relationship-building, McPhail says. When he first met Cisco brass, they were mainly interested in selling discounted routers to MEMEX. McPhail had his eyes on a bigger prize, and in October 2014, at an Internet of Things conference in Chicago, he finally got to sell his secure-connectivity vision to Cisco executives. “I had seven people around the bar and 45 minutes to make my pitch,” he says. “We call it McPhail’s last stand.”

Cisco agreed to co-develop a product, and tested the SmartBox through 2015 at Mazak’s Florence plant. Last fall’s white paper documented how the system helped Mazak achieve an immediate 6 per cent productivity increase, as well as bring 400 hours of work back “in-house” that had previously been contracted out.

Despite the years those relationships took to build, McPhail says “It couldn’t have happened any faster. We needed to develop the technology and a value equation. I haven’t found any way to short-circuit the process.”

McPhail offers some advice to entrepreneurs looking to create dream alliances with bigger partners. First, understand your value proposition. “We kept telling Cisco, ‘we create 300 per cent internal rate of return everyplace we go.’” And secondly, never think you’re too small.

Rick Spence is a writer, consultant and speaker specializing in entrepreneurship.

rick@rickspence.ca

To see the National Post article click here 

Homeyer Precision Mfg. introduces IIoT software to the factory

Article in Today’s Medical Developments

Marthasville, Missouri – MEMEX Inc. officials announce that Homeyer Precision Manufacturing Co. has purchased MERLIN Enterprise Edition for a plant roll-out of Industrial Internet of Things (IIoT) software in Marthasville, Missouri. The sale includes 23 licenses of MERLIN for overall equipment effectiveness(OEE) and direct numerical control (DNC), plus 9 MERLIN MTConnect hardware adapters for legacy CNC manufacturing machines. 

Homeyer Precision Manufacturing is led by Herb Homeyer, who is also chairman of the Board of the National Tooling and Machining Association (NTMA). A passionate business leader, he founded his company in 1990 with a belief in the power of American manufacturing – and a commitment to bring a new level of service to his industry.

“The Industrial Internet of Things, or IIoT, is a powerful trend, and MERLIN makes IIoT real by equipping industrial machines with the necessary interfaces for connecting, collecting, and analyzing manufacturing data in real-time,” said Homeyer. “Our manufacturing team did their homework before choosing MERLIN. One of the things that most impressed us is how no machine is left behind regardless of make or vintage, and MERLIN’s ability to implement quickly on our factory floor without costly integration services or associated time lags. With this real-time visibility, we look forward to a significant boost in Overall Equipment Effectiveness, or OEE.”

“We are honored to be implementing MEMEX’s IIoT technology in the factory of a visionary manufacturing leader like Herb Homeyer,” said MEMEX CEO David McPhail. “With a correct focus on achieving business value versus simply counting connected devices, IIoT represents no less than the next industrial revolution. The previous three industrial revolutions were mechanization powered by steam engines in the 1800s, mass production powered by electricity and the assembly line in the early 1900s, and automation powered by computers in the late 1900s. Ushering in the fourth industrial revolution, IIoT is powered by the Internet and software applications like MERLIN.”

MEMEX’s flagship software product, MERLIN, is an IIoT shop-floor-to-top-floor communications platform that provides manufacturing analytics in real time. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect, other protocols, or MERLIN hardware adapters for older machines.

Source: MEMEX Inc.

To see the full article click here 

Manufacturing Automation Magazine–Homeyer Precision buys MEMEX MERLIN Enterprise Edition for plant roll-out

Written by MA Staff
Jan. 15, 2016 – Memex has announced that Homeyer Precision Manufacturing has purchased MERLIN Enterprise Edition for a plant roll-out of Industrial Internet of Things (IIoT) software in Marthasville, Mo. The sale includes 23 licenses of MERLIN for Overall Equipment Effectiveness (OEE) and Direct Numerical Control (DNC), plus nine MERLIN MTConnect hardware adapters for legacy CNC manufacturing machines.
Homeyer Precision Manufacturing serves a range of industries including aerospace, defence, oil and gas, and energy production. The company is led by president Herb Homeyer, who is also chairman of the board of The National Tooling and Machining Association (NTMA). He founded his company in 1990 with a belief in the power of North American manufacturing and a commitment to bring a new level of service to his industry, describes Memex.“The Industrial Internet of Things, or IIoT, is a powerful trend, and MERLIN makes IIoT real by equipping industrial machines with the necessary interfaces for connecting, collecting, and analyzing manufacturing data in real-time,” said Homeyer. “Our manufacturing team did their homework before choosing MERLIN. One of the things that most impressed us is how no machine is left behind regardless of make or vintage, and MERLIN’s ability to implement quickly on our factory floor without costly integration services or associated time-lags. With this real-time visibility, we look forward to a significant boost in Overall Equipment Effectiveness, or OEE.”

“We are honoured to be implementing Memex’s IIoT technology in the factory of a visionary manufacturing leader like Herb Homeyer,” said Memex CEO David McPhail. “With a correct focus on achieving business value versus simply counting connected devices, IIoT represents no less than the next industrial revolution. The previous three industrial revolutions were mechanization powered by steam engines in the 1800s, mass production powered by electricity and the assembly line in the early 1900s, and automation powered by computers in the late 1900s. Ushering in the fourth industrial revolution, IIoT is powered by the Internet and software applications like MERLIN.”

Memex’s flagship software product, MERLIN, is an IIoT shop-floor-to-top-floor communications platform that provides real-time manufacturing analytics. According to company representatives, MERLIN delivers an average productivity increase of 10 per cent to 50 per cent, and earns more than 20-per-cent profit improvement based on just a 10-per-cent increase in OEE. It promises to consistently achieve payback in less than four months with an Internal Rate of Return (IRR) greater than 300 per cent, and connects to any machine, old or new, utilizing native MTConnect, other protocols, or MERLIN hardware adapters for older machines.

 

To see the entire article click here:

Homeyer purchases manufacturing analytics software from MEMEX Inc.

Article from Metalforming Magazine

 

Homeyer Precision Manufacturing Co., Marthasville, MO, has purchased Merlin Enterprise Edition, an Industrial Internet of Things (IIoT) company-wide communications platform that provides manufacturing analytics in real time, from Memex Inc. The sale includes 23 licenses of Merlin for overall equipment effectiveness (OEE) and direct numerical control, as well as nine MTConnect hardware adapters for legacy CNC-manufacturing machines.
“IIoT is a powerful trend, and Merlin makes IIoT real by equipping industrial machines with the necessary interfaces for connecting, collecting and analyzing manufacturing data in real time,” says Homeyer, who also is chairman of the board for the National Tooling and Machining Association. “One of the things that most impressed us is how no machine is left behind regardless of make or vintage, and the software’s ability to implement quickly on our factory floor without costly integration services or associated time lags. With this real-time visibility, we look forward to a significant boost in OEE.”
Homeyer Precision Manufacturing produces precision metal parts for many industries, including aerospace, defense, oil and gas, and energy production. Memex provides manufacturing-productivity analytics. For more on Merlin, the company’s flagship product, visit www.memexoee.com.

 

 

MEMEX Inc. in Canadian Metalworking Magazine

Machine Tool Controls

Reducing cycle times and increasing productivity.

January 4, 2016

by Nate Hendley

A series of new or newly updated machine tool controls promise to make machining more productive and easier for operators in firms large and small.

“Shops of all sizes are continuously looking for ways to monitor their shops more effectively…because, if you can’t measure it, you can’t manage it,” notes Mike Cope, senior product technical specialist at Hurco Companies, Inc., of Indianapolis, Indiana.

Cope offers a forecast of where machine controls might go in the years ahead.

“I think we will see new products becoming available in the future that will allow shop owners to monitor everything from something like a ‘master console’. We already see this beginning with third-party software like MT Connect, and even from machine tool builders like Hurco, with UltiMonitor. Both of these are examples of software that can allow the user to log on, via the Internet, and monitor what is going on in his shop ‘real-time’,” he says.

Ray Buxton, general manager at Mazak Corporation Canada in Cambridge, Ontario, cites “digital integration” as the wave of the future.

“Mazak is working with companies like Cisco and MEMEX develop complete digital integration in factories. I don’t think this will be limited to just big plants. This emerging technology—some call it “The Internet of Everything”—will link machines, ERP systems, scheduled and predictive maintenance and customers directly with each other for real time sharing of information,” says Buxton.

Small cap discoveries for 2016- report from Sophic Capital in Cantech Letter

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Sophic2016
This report was adapted by Cantech Letter from a piece prepared by Sophic Capital. For the original report, and more in-depth research, please visit Sophic Capital’s website, here.

The stock markets are recovering from summer’s ugly sell-off. Small-cap stocks got slaughtered, and when small-cap stocks get slaughtered, a lot of Canadian small-cap technology stocks are crushed. Summer was no exception and combined with tax-loss selling we think some names are set up well for 2016. Thankfully, at least from a stock-market perspective, summer is over, and investors are starting to get interested in good stocks again. If you’re an optimist, you know the summer slaughter was a temporary blip over the long-term, and small-cap tech stocks are ripe hunting grounds to find multi-baggers, even after the Fall rally.

More excerpts from the report…

“I know exactly what is happening on my plant floor” – don’t believe it.This is the perception of many people who work within manufacturing facilities. However, many have no basis to reach this conclusion. It’s a problem prevalent in the manufacturing industry. Machines and robots manufacture almost everything we use. And although these machines are reliable, few are monitored for efficiency. And if something isn’t monitored, it cannot be optimized. We believe that industrial IoT will have a big impact that will likely reward investors handsomely. Major machine manufacturers are modifying their machines to accommodate monitoring, but the majority of machines in use today aren’t exploiting this ability. Later on in this report, we highlight MEMEX Inc. (TSXV:OEE), a company disrupting manufacturing facilities by helping machines to “talk.”

For the manufacturing industry, IoT has the potential to grow from $42.2 billion in 2013 to $98.8 billion in 2018 (18.6% CAGR). IDC, the research firm that created the forecast, believes that efforts to increase efficiency and link islands of automation on the factory floor will be the drivers behind this growth.* Exhibit 23 details some of the reasons why manufacturers are considering IoT solutions. So how can investors participate in the enormous Industrial Internet of Things market?

 

MEMEX Inc.’s flagship product MERLIN is an industrial-strength shop-floor-to-top-floor communications platform that massively boosts productivity in highly competitive, data-driven manufacturing companies like Mazak, Magellan Aerospace, and Milwaukee Tool. MERLIN software allows factories to monitor productivity and Overall Equipment Effectiveness (OEE) metrics anywhere in real-time. Proven in single and multi-plant installations on three continents, MERLIN delivers a 10% to 50% average productivity increase, earns 20%-plus profit improvement based on just a 10% increase in OEE, consistently achieves payback in less than 4 months with an Internal Rate of Return greater than 300%, and connects to any machine, old or new. With MERLIN, the productivity promise of Industrial IoT isn’t a theoretical construct – it’s a real-time reality.

 

For the original piece in Cantech letter  click here 

Fabricating and Metalworking.com Record Financial Results for Memex

Revenue increased to $2.1 million, or 115 percent higher than the prior year.

  • The company generated record revenue of $2.1 million, $1.1 million or 115 percent higher than the prior year.
  • The company achieved record gross margin of $1.3 million, 200 percent higher than the prior year.
  • Unearned revenue of $582 thousand closed the year at a record high, $129 thousand or 28.5 percent higher than the previous high at September 30, 2014.

The company showed a $2.4 million net and comprehensive loss for the year equating to a $0.030 loss per share. This compares with a $2.1 million net and comprehensive loss and a $0.040 loss per share in 2014. Memex qualified for up to $800 thousand in Government of Canada funding through FedDev Ontario’s Investing in Business Innovation (“IBI”) initiative. Financial Highlights for the quarter ended September 30, 2015:

  • The company generated quarterly revenue of $575 thousand, a $373 thousand or 179 percent increase when compared to Q4-2014, and $124 thousand more than Q3-2015.
  • The quarterly loss from operations of $600 thousand was down $153 thousand from $753 thousand for the same period a year ago, and $266 thousand less than the $866 thousand reported Q3-2015.

Operational highlights for the year inlude:

  • The company sold its flagship software product, MERLIN, to 32 new manufacturing enterprise customers in Canada, Mexico, the United States and Australia including Lynch Fluid Controls Inc., Koss Aerospace Ltd., Industrial B&S de Mexico SA de CV, FM Industries Inc., ANCA Pty Ltd., The Oilgear Company and Milwaukee Electric Tool Corporation.
  • In August 2015 the company was invited by Mazak Corporation, a global machine tool leader, to join its exclusive Value Inspired Partner (VIP) program. Memex is the only such partner offering software in its category.
  • The company acquired the intellectual property and other related assets of Dostek Incorporated and engaged its president, Doug Struthers, in the role of Merlin Direct Numerical Control (DNC) Architect to bolster Merlin’s DNC product capabilities.
  • Commencing January 2015, the company focused its own Partner Channel program on relationships and future business potential with three of its largest partners: Mazak, Okuma, and Mazak Optonics.

“We are very proud of our accomplishments during fiscal 2015, and our team is focused on achieving even greater growth,” stated Memex president and chief exective officer David McPhail. “More than 90 percent of manufacturers today run their factories without IIoT software and our job is to turn them on to MERLIN’s well-documented return on investment. I commend each and every one of our employees for their contributions to this record year. And all of us want to thank our new and existing manufacturing customers for placing their trust in us as they take advantage of our software’s productivity promise.”

“We have expanded MERLIN’s global customer footprint, continued investment in the development of our direct sales and partner channels, and achieved success with key partners,” noted the company’s vice president of sales, John Rattray. “As well as customer expansion, we have immense potential within our existing install base. All of this progress is reflected in the numbers reported. The Industrial Internet of Things is a desirable concept to many advanced manufacturing firms. To our customers however, it’s an achievable, real-time reality with fast payback.”

To see the full article click here 

The deMetallo metalworking supplier discovery platform promotes MEMEX’s MERLIN sale to Aero Pacific.

Aero Pacific initiates plant-wide purchase of MERLIN enterprise edition software from MEMEX

23 December
MEMEX Inc. has announced that Aero Pacific Corporation, a U.S. manufacturer of aircraft parts and equipment, has purchased MERLIN Enterprise Edition for a plant-wide implementation in Placentia, CA. 30 licenses of MERLIN Enterprise Edition for Overall Equipment Effectiveness (OEE) and Direct Numerical Control (DNC), plus 28 MERLIN MTConnect hardware adapters for CNC manufacturing machines will be deployed.”MERLIN’s ability to connect every CNC machine on our factory floor despite make or origin utilizing the MTConnect communications standard for industrial equipment is integral to our efforts to further improve our quality and productivity,” said Mark Heasley, President at Aero Pacific. “Direct, real-time communication from our production equipment will give us a strategic advantage with our customers. We are deploying MERLIN in all three of our plant facilities and look forward to seeing its impact.”MEMEX’s flagship software product, MERLIN, is an industrial-strength shop-floor-to-top-floor communications platform that provides efficiency metrics in real time. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines.”After more than 50 years in business, Aero Pacific is a legendary name in California’s aerospace and advanced manufacturing industry,” said John Rattray, MEMEX’s Vice President of Sales. “We are proud to see them join more than 100 leading manufacturers like Mazak, Magellan Aerospace and Milwaukee Tool in recognizing MERLIN’s unique ability to realize the promise of the Industrial Internet of Things by connecting the shop floor to the top floor.”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. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines.

To see the article please click here

MEMEX appears in Machine Tools Online

 Aero Pacific Initiates Plant-Wide Purchase Of MERLIN Enterprise Edition Software From MEMEX

 Burlington, ON (Marketwired) – MEMEX Inc. (TSX VENTURE: OEE) is pleased to announce that Aero Pacific Corporation, a U.S. manufacturer of aircraft parts and equipment, has purchased MERLIN Enterprise Edition for a plant-wide implementation in Placentia, CA. 30 licenses of MERLIN Enterprise Edition for Overall Equipment Effectiveness (OEE) and Direct Numerical Control (DNC), plus 28 MERLIN MTConnect hardware adapters for CNC manufacturing machines will be deployed.

“MERLIN’s ability to connect every CNC machine on our factory floor despite make or origin utilizing the MTConnect communications standard for industrial equipment is integral to our efforts to further improve our quality and productivity,” said Mark Heasley, President at Aero Pacific. “Direct, real-time communication from our production equipment will give us a strategic advantage with our customers. We are deploying MERLIN in all three of our plant facilities and look forward to seeing its impact.”

MEMEX’s flagship software product, MERLIN, is an industrial-strength shop-floor-to-top-floor communications platform that provides efficiency metrics in real time. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines.

“After more than 50 years in business, Aero Pacific is a legendary name in California’s aerospace and advanced manufacturing industry,” said John Rattray, MEMEX’s Vice President of Sales. “We are proud to see them join more than 100 leading manufacturers like Mazak, Magellan Aerospace and Milwaukee Tool in recognizing MERLIN’s unique ability to realize the promise of the Industrial Internet of Things by connecting the shop floor to the top floor.”

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. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines. For more information, please visit: www.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.

SOURCE: Memex Inc.

For the full article please click here 

 

 

MEMEX Inc. in MRO Magazine

Aero Pacific Initiates Plant-Wide Purchase of MERLIN Enterprise Edition Software From MEMEX

BURLINGTON, ON–(Marketwired – December 22, 2015) – MEMEX Inc. (TSX VENTURE:OEE) is pleased to announce that Aero Pacific Corporation, a U.S. manufacturer of aircraft parts and equipment, has purchased MERLIN Enterprise Edition for a plant-wide implementation in Placentia, CA. 30 licenses of MERLIN Enterprise Edition for Overall Equipment Effectiveness (OEE) and Direct Numerical Control (DNC), plus 28 MERLIN MTConnect hardware adapters for CNC manufacturing machines will be deployed.

“MERLIN’s ability to connect every CNC machine on our factory floor despite make or origin utilizing the MTConnect communications standard for industrial equipment is integral to our efforts to further improve our quality and productivity,” said Mark Heasley, President at Aero Pacific. “Direct, real-time communication from our production equipment will give us a strategic advantage with our customers. We are deploying MERLIN in all three of our plant facilities and look forward to seeing its impact.”

MEMEX’s flagship software product, MERLIN, is an industrial-strength shop-floor-to-top-floor communications platform that provides efficiency metrics in real time. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines.

“After more than 50 years in business, Aero Pacific is a legendary name in California’s aerospace and advanced manufacturing industry,” said John Rattray, MEMEX’s Vice President of Sales. “We are proud to see them join more than 100 leading manufacturers like Mazak, Magellan Aerospace and Milwaukee Tool in recognizing MERLIN’s unique ability to realize the promise of the Industrial Internet of Things by connecting the shop floor to the top floor.”

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. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE). It consistently achieves payback in less than four months with an Internal Rate of Return (IRR) greater than 300%, and connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines. For more information, please visit: www.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.

Media Contact

MEMEX Inc.
John Rattray
VP Sales
Phone: 905-635-1540 ext. 201
Email: john.rattray@MemexOEE.com

MEMEX Inc.
Nathan Rudyk
VP Marketing
Phone: 905-635-1540 ext. 216
Email: nathan.rudyk@MemexOEE.com