Memex Inc. Announces Over $475,000 in Aggregate Orders

Companies Mentioned:

Primary Exchange: TSX.V
Under the Symbol: OEE

$0.0250

$0.0000

0.0000%


Memex Inc. Announces Over $475,000 in Aggregate Orders

Thursday, February 1, 2018 8:00 AM

BURLINGTON, ON / ACCESSWIRE / February 1, 2018 / Memex Inc. ("MEMEX") (TSX-V: OEE), a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today announced that over the past 45 days it has received more than $475 thousand in new purchase orders. Three first-time clients contributed to these orders.

"We're pleased that new and existing customers have seen the value provided by MEMEX's MERLIN, Tempus," said MEMEX CEO David McPhail. "We previously shared that we're seeing increased interest in our IIoT centric data-driven manufacturing solutions, and this continues to be the case."

SME and Modern Machine Shop Hosting MEMEX Webinars

On February 21st, 2018, at 2pm - 3pm EST, The Society of Manufacturing Engineers (SME) will host a webinar entitled "Data-Driven Manufacturing: A roadmap for achieving Operational Excellence." To register for the webinar, please visit SME's website at http://sme.advancedmanufacturing.org/r/AMM/d/resources

On March 7, 2018, at 2pm - 3pm EST, Modern Machine Shop will host a webinar entitled "Data-Driven Manufacturing: The Route to be a Top Shop." To register for the webinar, please visit Modern Machine Shop's website at https://www.mmsonline.com/webinars.

About MEMEX

MEMEX was founded with a vision to improve the way automated machinery 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 have 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 percent. For more information, please visit: www.MemexOEE.com

Media Contact

Memex Inc.:
David McPhail, CEO
Phone: 519-993-1114
Email: [email protected]

Rashi Rathore, Marketing Manager
Phone: 905-635-3040 ext. 103
Email: [email protected]

Investor Relations

Sean Peasgood, Investor Relations
Phone: 416-565-2805
Email: [email protected]

SOURCE: Memex Inc.


Subscribe to alerts from Investor Network
SHARE ARTICLE