Memex Automation

TSX VENTURE : OEE


Memex Automation

August 27, 2014 17:00 ET

Scott Kaplanis joins Astrix Board of Directors

BURLINGTON, CANADA--(Marketwired - Aug. 27, 2014) - Astrix Networks Inc. (TSX VENTURE:OEE), is pleased to announce Scott Kaplanis has been appointed to the board of directors.

Mr. Kaplanis has more than 10 years of experience in Canadian capital markets. He is currently a partner and portfolio manager at Epic Capital Management Inc. ("Epic"), a boutique Toronto-based investment firm. Epic has actively invested in Canadian small- and micro-caps since 2000 and has been a part of many successful growth stories. Prior to joining Epic, Mr. Kaplanis worked as a Special Situations Equity Research Analyst at Macquarie Capital Markets Canada, a division of the global investment bank (2003-2008). Mr. Kaplanis holds an HBA degree from the Richard Ivey School of Business and is a CFA Charterholder. He is also an active advisor to several Canadian-based start-ups.

In connection with the appointment, the board of directors have granted Mr. Kaplanis 120,330 stock options exercisable at a price of $0.125 each and expiring January 22, 2019. The options will vest 1/3 immediately, 1/3 on January 1, 2015 and 1/3 on January 1, 2016.

About the Company

Memex Automation (TSX VENTURE:OEE) is the leader of manufacturing Machine to Machine (M2M) productivity solutions and the measurement of Overall Equipment Effectiveness ("OEE") in real-time. OEE is the measurement of plant-wide capacity utilization. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE enterprise-wide, machine by machine. On April 15, 2014, PEM awarded the Company the 2013 Plant Engineering & Maintenance Award for Best Company Under 50 Employees. Frost & Sullivan awarded MERLIN its 2013 Technology Innovation Leadership Award for Machine Monitoring. Microsoft picked MERLIN to be its midmarket ERP machine connectivity solution. Mazak, North America's largest original equipment manufacturer of machine tools, purchased MERLIN and published a 42% increase of its machine utilization and now offers it on its price list. Okuma America Corporation, a world leader in CNC machine tools, announced in April 2014 that Memex Automation became a Partner in THINC. For more information, please visit: www.memex.ca.

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