BURLINGTON, ON / ACCESSWIRE / August 15, 2017 / Memex Inc. ("MEMEX" or the "Company") (TSX-V: OEE), a global leader in
Industrial Internet of Things (IIoT) manufacturing productivity software, announced today that in the 30-day period ending August
14, 2017, it has received more than $300 thousand in net-new purchase orders and component sales. In combination with MEMEX's
previous press release, the Company has announced in excess of $780 thousand (at today's exchange rate) worth of purchase orders
since July 12th, 2017.
"An increasing number of manufacturers are recognizing the compelling value proposition of IIoT and Data-Driven Manufacturing,
leading them to select MEMEX as their vendor of choice," said MEMEX President and CEO, David McPhail. "The Company has experienced
an increase in purchase activity from multiple end customers that represent a diverse set of manufacturing sectors including oil
and gas, industrial pumps, and industrial painting equipment. MEMEX's MERLIN Tempus continues to offer our clients the capability
to gain new, real-time insights into exactly what is happening on their factory floors, whether they are physically onsite, or
observing their operations remotely. Our unsolicited, inbound inquiries continue to increase, as do client referrals, and current
customer site expansion opportunities. When these sales activities are combined with our diligent trade show and thought leadership
marketing efforts, designed to secure more sales opportunities and bring on additional new customers, we believe that the recent
net-new orders are just the beginning."
About MEMEX
Memex Inc. 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
per cent. For more information, please visit: www.MemexOEE.com.
For investor inquiries please contact:
Rashi Rathore, Marketing Manager 905-635-3040 ext. 103 Rashi.Rathore@MemexOEE.com
David McPhail, President & CEO 519-993-1114| david.mcphail@MemexOEE.com
Sean Peasgood, Investor Relations 416-565-2805 sean@sophiccapital.com
SOURCE: Memex Inc.
