BURLINGTON, ON--(Dec 22, 2015) - MEMEX Inc. (TSX VENTURE: OEE) is pleased to announce that Aero Pacific Corporation, a U.S. manufacturer of aircraft parts and equipment, has purchased MERLIN Enterprise Edition for a plant-wide implementation in Placentia, CA. 30 licenses of MERLIN Enterprise Edition for Overall Equipment Effectiveness (OEE) and Direct Numerical Control (DNC), plus 28 MERLIN MTConnect hardware adapters for CNC manufacturing machines will be deployed.
"MERLIN's ability to connect every CNC machine on our factory floor despite make or origin utilizing the MTConnect communications standard for industrial equipment is integral to our efforts to further improve our quality and productivity," said Mark Heasley, President at Aero Pacific. "Direct, real-time communication from our production equipment will give us a strategic advantage with our customers. We are deploying MERLIN in all three of our plant facilities and look forward to seeing its impact."
MEMEX's flagship software product, MERLIN, is an industrial-strength shop-floor-to-top-floor communications platform that provides efficiency metrics in real time. 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.
"After more than 50 years in business, Aero Pacific is a legendary name in California's aerospace and advanced manufacturing industry," said John Rattray, MEMEX's Vice President of Sales. "We are proud to see them join more than 100 leading manufacturers like Mazak, Magellan Aerospace and Milwaukee Tool in recognizing MERLIN's unique ability to realize the promise of the Industrial Internet of Things by connecting the shop floor to the top floor."
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.memex.ca.
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.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer