SOURCE: Memex Inc.

MEMEX Inc.

January 12, 2016 08:15 ET

American Manufacturing Leader Herb Homeyer Introduces IIoT Software to His Factory With MERLIN Enterprise Edition

MARTHASVILLE, MO--(Marketwired - Jan 12, 2016) - MEMEX Inc. (TSX VENTURE: OEE) is proud to announce that Homeyer Precision Manufacturing Co. has purchased MERLIN Enterprise Edition for a plant roll-out of Industrial Internet of Things (IIoT) software in Marthasville, MO. The sale includes 23 licenses of MERLIN for Overall Equipment Effectiveness (OEE) and Direct Numerical Control (DNC), plus 9 MERLIN MTConnect hardware adapters for legacy CNC manufacturing machines.

Homeyer Precision Manufacturing is led by its President Herb Homeyer, who is also Chairman of the Board of The National Tooling and Machining Association (NTMA). A passionate business leader, he founded his company in 1990 with a belief in the power of American manufacturing -- and a commitment to bring a new level of service to his industry.

"The Industrial Internet of Things, or IIoT, is a powerful trend, and MERLIN makes IIoT real by equipping industrial machines with the necessary interfaces for connecting, collecting, and analyzing manufacturing data in real-time," said Homeyer. "Our manufacturing team did their homework before choosing MERLIN. One of the things that most impressed us is how no machine is left behind regardless of make or vintage, and MERLIN's ability to implement quickly on our factory floor without costly integration services or associated time-lags. With this real-time visibility, we look forward to a significant boost in Overall Equipment Effectiveness, or OEE."

"We are honored to be implementing MEMEX's IIoT technology in the factory of a visionary manufacturing leader like Herb Homeyer," said MEMEX CEO David McPhail. "With a correct focus on achieving business value versus simply counting connected devices, IIoT represents no less than the next industrial revolution. The previous three industrial revolutions were mechanization powered by steam engines in the 1800s, mass production powered by electricity and the assembly line in the early 1900s, and automation powered by computers in the late 1900s. Ushering in the fourth industrial revolution, IIoT is powered by the Internet and software applications like MERLIN."

MEMEX's flagship software product, MERLIN, is an IIoT shop-floor-to-top-floor communications platform that provides manufacturing analytics 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, other protocols, or MERLIN hardware adapters for older machines.

About Homeyer Precision Manufacturing Co.

Homeyer Precision Manufacturing serves many different industries from aerospace and defense to oil and gas and energy production. At a time when many high-tech jobs are moving overseas, the company continues to grow in the USA -- delivering precision parts for some of the world's most demanding advanced manufacturing companies for 25 years. Homeyer has achieved this thanks to its ongoing investments in leading edge manufacturing equipment and technology, and its commitment to bringing on the most talented, dedicated, and highly skilled employees for every job.

About MEMEX Inc.

MEMEX is a leading Industrial Internet of Things (IIoT) technology platform provider that delivers manufacturing productivity analytics. 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 other protocols or MERLIN hardware adapters for older machines. For more information, please visit: www.MemexOEE.com.

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.

Contact Information

  • Media Contacts
    Homeyer Precision Manufacturing Co.

    Gretchen Homeyer
    Director of Employee, Customer, & Community Relations
    Phone: +1 636-433-2244
    Email: Email Contact

    MEMEX Inc.
    David McPhail
    CEO
    Phone: 519-993-1114
    Email: Email Contact

    Nathan Rudyk
    VP Marketing
    Phone: 905-635-1540 ext. 216
    Email: Email Contact