BURLINGTON, ON--(Marketwired - Dec 17, 2015) - Memex Inc. ("Memex" or "the Company") (
Financial Highlights for the Year Ended September 30, 2015:
Financial Highlights for the Quarter Ended September 30, 2015:
Operational Highlights for the Year:
Management Commentary:
Memex's President & CEO David McPhail stated, "We are very proud of our accomplishments during fiscal 2015, and our team is focused on achieving even greater growth. More than 90% 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 MERLIN software's productivity promise."
Memex's Vice President of Sales John Rattray stated, "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. 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 MERLIN customers however, it's an achievable, real-time reality with fast payback."
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.MemexOEE.com
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Contact Information:
For investor inquiries please contact:
David McPhail
President & CEO
519-993-1114
Ed Crymble
Chief Financial Officer
905-635-1540 ext. 110