BURLINGTON, ON--(Marketwired - Aug 11, 2016) - Memex Inc. ("MEMEX" or the "Company") (
The warrants were issued in connection with the Company's private placement of units comprised of common shares and warrants completed in August 2014 and were set to expire on August 9, 2016. The exercise price of the warrants was $0.16 per share. As at the expiry date 98% of the warrants had been exercised.
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
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For investor inquiries please contact:
Chief Financial Officer
President & CEO