SOURCE: Memex Automation

Memex Automation

March 20, 2015 17:00 ET

Astrix Networks Appoints Primary Capital as Financial Advisor

BURLINGTON, ON--(Marketwired - Mar 20, 2015) - Astrix Networks Inc. ("Astrix"), operating as Memex Automation ("Memex") (TSX VENTURE: OEE), the global leader of manufacturing M2M productivity software, has appointed Primary Capital Inc. ("Primary") of Toronto, Ontario as a financial advisor to provide Astrix with general financial and capital markets advice for a term of 18 months.

In consideration of such services, Primary could be issued by Astrix up to 2,500,000 common shares, subject to TSX Venture Exchange approval, if certain contracted milestones are achieved. Primary may also earn a fee of 2% of gross proceeds if an acceptable public offering is completed within the term of the contract.

About Primary Capital Inc.

Primary is an exempt market dealer in Ontario, British Columbia, Alberta, and Quebec. Primary provides financial and capital markets advice, as well as assistance on capital raises, to Canadian-based growth companies. For more information, please visit www.primarycapital.ca

About Memex Automation:

Memex Automation 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.

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.

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