SOURCE: Memex Automation

Memex Automation

February 25, 2015 15:30 ET

1.25 Million Share-Options Issued to Senior Management Team

BURLINGTON, ON--(Marketwired - Feb 25, 2015) - Astrix Networks Inc. ("Astrix"), operating as Memex Automation ("Memex") (TSX VENTURE: OEE), the global leader of manufacturing M2M productivity software, approved at its last Board Meeting, February 23, 2015, the granting of a total of 1.25 million share options to its five member senior management team, 250,000 to each member. The share options are exercisable at a price of $0.15 per share and vest over the next three years, with half vesting on February 23, 2017 and the remaining half vesting on February 23, 2018. The share options expire on February 23, 2020.

About Memex Automation:

Astrix Networks Inc., (TSX VENTURE: OEE), provides award-winning software to measure Machine to Machine (M2M) productivity and Overall Equipment Effectiveness ("OEE") in real-time. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE metrics for each machine in every plant. MERLIN is used by leading machine tool companies as a complete shop floor communications platform. For more information, please visit: www.memex.ca.

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Contact Information

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    Leanne Rattray
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    David McPhail
    CEO
    Phone: 519-993-1114
    Email: Email Contact