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Cisco and MEMEX partner to win the secure IIoT Market

Kicking Some Digital Ass in Las Vegas

July 21, 2016 | Sophic Capital | Sean Peasgood & Marcel Valentin

 

99% of manufacturing machine data is trapped inside the machines. Real-time machine data is essentially non-existent because manufacturers fear security breaches in a net worked machine environment. Unlocking this data via secure networks and allowing overall equipment effectiveness (OEE) analysis would weed out invisible and expensive inefficiencies. This issue was at the forefront of IIoT experts in the connected machines pavilion at Cisco live, Cisco’s annual technology conference. We saw Cisco’s secure network solution for manufacturing environments, which was exhibited with partner MEMEX’s manufacturing operations management system platform. Mass adopt ion of using real-time, machine data analytics to create business outcomes is beginning, and MEMEX (a Sophic Capital client) is positioned to become the industry leader.

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MEMEX @ Cisco Live Last Week

Cisco Presentation Discussed Collaboration With Business Partner MEMEX

LAS VEGAS, NV–(Marketwired – Jul 18, 2016) – Memex Inc. (“MEMEX” or the “Company”) (TSX VENTURE: OEE) was pleased to exhibit their award-winning Manufacturing Execution System, MERLIN, at the invitation of Cisco Systems Inc. as part of their Connected Machines Strategy at Cisco Live in Las Vegas from July 10-14. MERLIN was on display at Booth 109 in the World of Solutions pavilion, located in the Mandalay Bay Convention Center.

MERLIN captured and presented live data from both onsite and remotely connected machines securely over the Internet via Cisco’s newly released IE4K switch. The IE4K is compliant with MTConnect (the open source and royalty free interconnectivity communication standard), which collectively form an integral part of any manufacturing company’s Industrial Internet of Things (IIoT) strategy. This enables the promise of Data Driven Manufacturing centric business outcomes.

MEMEX Featured in Cisco’s Machine Intelligence Presentation
MEMEX is also pleased to announce that Douglas Bellin from Cisco presented “The Case for Machine Intelligence,” which featured what Cisco has done with business partner MEMEX. The presentation took place at 4:30pm on July 13, 2016 in the Islander D space at the Mandalay Bay Convention Center.

About Cisco Connected Machines
The Cisco Connected Machine Solution is a digital solution portfolio, based on the Cisco IoT system. The solution enables rapid and repeatable machine connectivity, providing business improvements such as: Overall Equipment Effectiveness (OEE) and machine monitoring, Machine optimization Predictive maintenance, Process optimization, and Process health.

About Cisco Live
Cisco Live Las Vegas is the destination for the education and inspiration you need to thrive in the world of digital business. Join thousands of technology innovators for a transformational experience that includes today’s IT visionary thought leaders, more than 1,000 education sessions, Cisco’s top partners, and numerous opportunities to build the connections that will fuel your personal and professional growth.

About Memex Inc.
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

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.

CONTACT INFORMATION

For investor inquiries please contact:
Ed Crymble
Chief Financial Officer
905-635-1540 ext. 110
ed.crymble@MemexOEE.comDavid McPhail
President & CEO
519-993-1114
david.mcphail@MemexOEE.comSean Peasgood
Investor Relations
416-565-2801
sean@sophiccapital.com

MEMEX - CISCO - logo

MEMEX @ Cisco Live 2016

Cisco Live Las Vegas is the destination for the education and inspiration you need to thrive in the world of digital business. Join thousands of technology innovators, IT visionary thought leaders and Cisco Partners, including MEMEX Inc. for a transformational experience that includes more than 1,000 education sessions, and numerous opportunities to build the connections that will fuel your personal and professional growth. The event offers:
  • five days of sessions and specialty programs on topics such as Cloud, Collaboration, Data Center, Mobility, Network Infrastructure, Security, SP, and SDN.
  • explore the latest solutions from Cisco and the industry’s top vendors in the World of Solution
  • Validate your skills with a free Cisco Certification exam.

Venue: Cisco Live, 3950 S Las Vegas Blvd, Las Vegas, Nevada 89119
Date: July 10 – 14, 2016
Time: 10:00 am – 5:00 pm Daily

Learn more about Cisco Live

Register for Cisco Live

MEMEX - IIoT

No Machine Left Behind – Analyst View of IIoT and MEMEX

No Machine Left Behind

How the Industrial Internet of Things is Revolutionizing Manufacturing.

March 3, 2016 – Sophic Capital – Sean Peasgood & Marcel Valentin

We live in a data-driven society where we’re constantly connected to each other. Now the Internet of Things (IoT) is connecting “things” together. But one industry lags when it comes to connecting “things”. Most industrial plant managers, CEOs and CFOs don’t know what’s happening on their shop floors since their manufacturing machines are “islands of automation” that aren’t connected to each other, or able to report on their productivity in real-time. One public Canadian company has solved this problem. Leading manufacturers are purchasing this company’s “industrial” IoT, or IIoT, solution and seeing significant returns with an average Internal Rate of Return of 300%, which means payback in 4 months or less. Manufacturers aren’t the only ones recognizing this company; Cisco Systems and Mazak Corporation have formed alliances with it to conquer the IIoT opportunity.

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Memex Inc. Releases Q1 – 2016 Results with Fourth Consecutive Quarter of Revenue Growth

Burlington, ON, Canada – February 22, 2016 – Memex Inc. (“Memex” or the “Company”) (TSX-V: OEE) a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today released its financial results and operational highlights for its first quarter of fiscal 2016 which ended December 31, 2015. All results are reported in Canadian dollars.

Financial Highlights for the First Quarter Ended December 31, 2015:

  • Memex generated record quarterly revenue of $614 thousand, $113 thousand higher than the same period in the prior year, and 7% higher than the fourth quarter of 2015. The Company also marked its fourth consecutive quarter of revenue growth.
  • Memex produced gross margin of $375 thousand, 27% higher than the same quarter in the prior year.
  • Unearned revenue of $482 thousand closed the quarter down $100 thousand from the Company’s record high of $582 thousand at the end of Q4-2015.
  • Memex’s sales force turned in $876 thousand in product bookings[i] for the quarter, 58% or $320 thousand more than Q4-2015.
  • The Company showed a $641 thousand net and comprehensive loss for the quarter equating to a $0.007 loss per share. This compares with a $461 thousand net and comprehensive loss in the same quarter last year, and a similar $0.007 loss per share.

Q1 Fiscal 2016 and Subsequent Operational Highlights:

  • Memex bolstered its sales and marketing infrastructure with the addition of a VP Marketing and three new US-based sales representatives. In January 2016 the Company also added a Director of Manufacturing Excellence to accelerate MERLIN adoption by larger high-potential existing customers.
  • On October 27-29 and November 3-5 at DISCOVER 2015 (Mazak Corporation’s Technology and Education event), MERLIN software along with hardware from information technology (IT) leader Cisco Systems, Inc. was showcased in an industry-first collaborative platform called SmartBox. The launch took place in front of metalworking managers and C-level executives. The co-promotion with Mazak and Cisco led to multiple media stories, blogs, and videos mainly in manufacturing trade press.
  • In December Memex received significant new orders from Aero Pacific Corporation in Placentia, CA. (30 MERLIN licenses and 28 MTConnect hardware adapters), and Homeyer Precision Manufacturing Co. in Marthasville, MO (23 licenses and 9 hardware adapters).
  • On January 18th, Memex was profiled in the National Post’s Entrepreneur section with the headline “Memex wins over industry giants.” The article explained how eight focused years of work on strategic partnerships resulted in successes with multinational giants Cisco and Mazak.
  • In February Memex received a substantial follow-on order from Kuss Filtration Inc. for 43 MERLIN licences as part of a multi-plant roll-out in the US, China, and Brazil. 

Management Commentary:

Memex’s President & CEO David McPhail stated, “The Industrial Internet of Things, or IIoT, represents the next industrial revolution, and Memex’s flagship software product MERLIN is planted squarely in the middle of this manufacturing mega-trend. Our latest quarterly results, representing our fourth consecutive quarter of growth strongly indicate that manufacturers around the world see the value of our unique combination of industrial connectivity and analytics to drive productivity and profit. I want to thank our customers for their trust and our employees for their hard work to achieve these results.”

About Memex Inc.

Memex is a leading Industrial Internet of Things (IIoT) technology platform provider that delivers real-time manufacturing productivity analytics. 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 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. For more information, please visit: www.MemexOEE.com

For investor inquiries please contact:

David McPhail, President & CEO

519-993-1114

david.mcphail@MemexOEE.com

Ed Crymble, Chief Financial Officer

905-635-1540 ext. 110

ed.crymble@MemexOEE.com

Sean Peasgood, Investor Relations

416-565-2801

sean@sophiccapital.com

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.

[i] This non-IFRS financial measure is identified, defined and reconciled to the closest IFRS measure, revenue, within our Management’s Discussion and Analysis for the three month periods ended December 31, 2015 and 2014, in the section “Other Financial Measures.” That MD&A is available at www.sedar.com under our company profile.