SOURCE: Memex Inc.

MEMEX Inc.

October 08, 2015 06:00 ET

Seyer Industries Has Provided an Order for MEMEX's MERLIN

SAINT PETERS, MO--(Marketwired - Oct 8, 2015) - MEMEX Inc. (TSX VENTURE: OEE) is pleased to announce that Seyer Industries Inc., a Missouri-based aerospace manufacturing company with a focus on the development, manufacture and aftermarket support of aerospace products, has provided an initial order for MERLIN.

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, earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (OEE), 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.

"We have seen the benefits of data-driven manufacturing. Now with MERLIN collecting data automatically from the machine, we will get OEE metrics as well as much more detail and granularity of events, allowing us to retrieve actionable data to streamline our manufacturing process," said Mark Seyer, VP Manufacturing at Seyer. "We will use the MTConnect standard for machine connectivity, initially operating on the Mazak machines."

"The aerospace sector demands a high degree of accuracy and efficiency in the manufacturing supply chain," said John Rattray, MEMEX's Vice President of Sales. "We see Seyer Industries as a leading company, embracing data-driven manufacturing, to improve efficiencies in their operations and gain competitive advantages. MERLIN has the unique ability to bring machine-to-machine (M2M) connectivity from the shop-floor to the top-floor, driving cost competitiveness with superior machining processes."

About Seyer Industries

Founded in 1957, Seyer Industries is a third generation, family-owned business specializing in higher-level assemblies for the aerospace and maritime industries. It serves as a supplier to major prime contractors such as Boeing, Lockheed Martin, Northrop Grumman, and Gulfstream Aerospace, as well as a direct government contractor to the departments of the Navy, Air Force, and Army. As an integrator of assembly-level work, Seyer maintains a wide breadth of in-house capabilities including CNC machining, NADCAP-certified welding, painting, tube bending, electrical and mechanical assembly, kitting, (Catia v.5), and testing. For more information, please visit www.seyerind.com

About MEMEX Inc.

MEMEX Inc. 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. MERLIN connects to any machine, old or new, utilizing MTConnect, other protocols or hardware adapters. The MERLIN magic delivers a 10% to 50% average productivity increase so that any manufacturer can achieve world-class standards of excellence. Based on just a 10% increase in OEE, customers see profit improvements of 20%-plus and payback in less than four months. 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.

Contact Information

  • For more information, please contact:

    MEMEX Inc.
    Leanne Rattray, Communications Specialist
    Phone: 905-635-1540 ext. 103
    Email: Email Contact

    David McPhail, CEO
    Phone: 519-993-1114
    Email: Email Contact