Burlington, ON, Canada – October 26, 2023 – Memex Inc. (“Memex” or the “Company”) (TSX-V: OEE), a leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today announced that it has entered into reciprocal reseller agreements with software developer Production Process. These arrangements will see Production Process, headquartered in Jacksonville Beach, Florida, add MERLIN Tempus to its product offerings to its current and future scheduling software clientele, while Memex will promote Production Process’s proven Dynamic Scheduling software solution to its customers and prospects.
Production Process intends to discontinue supplying their ProductionAce™ hardware and software and introduce their customers to the advantages offered by Memex’s MERLIN Tempus Suite and connectivity components with integration to their scheduling application.
For MERLIN Tempus users, adding the ability to schedule orders using Dynamic Scheduling’s advanced algorithms will provide them the opportunity to maximize efficiency while receiving real time updates and feedback.
Both Memex and Production Process will benefit from the expansion of their product offerings and broadening of their respective product footprints without the need for further investment in development. Sales and customer support cross training is anticipated to be completed by the end of the calendar year and both sales teams will start offering the combined product catalogue early in 2024.
“I see this partnership as a win for both Memex and Production Process customers who will be able to take advantage of this broadened manufacturing solution set,” Production Process COO, Brad Vigrass, commented, “as well as a win for both our organizations. By tapping into each other’s user bases we will be able to generate additional revenue with limited additional selling costs.”
About Memex Inc.:
Established in 1992, Memex grew to be an industry leader in Industry Internet of Things (IIoT) through the development of MERLIN Tempus, an award-winning platform that delivers real-time, tangible increases in manufacturing productivity. Memex is on the leading edge of industry trends in computing power, machine connectivity, industry standards, advanced software technology, and manufacturing domain expertise.
Our persistent pursuit of innovative IIoT solutions led to a comprehensive understanding of the challenge’s manufacturers face. We made it our mission to, “successfully transform factories of today into factories of the future.” As the global leader in Machine to Machine (M2M) connectivity solutions, our hardware and software products create unparalleled visibility at all levels, from “Shop-Floor-to-Top-Floor.”
The MERLIN Tempus Suite provides effective quantification and management of Overall Equipment Effectiveness (OEE) by revealing hidden capacity using real-time objective data. Further, it offers sustainable benefits that enable world-class OEE such as reducing costs, incorporating strategies for continuous LEAN improvement, and boosting bottom-line financial performance. For more information, please visit: www.MemexOEE.com
About Production Process:
For over 35 years, Production Process has been helping manufacturing companies optimize their production environment with intelligent communicating instruments with direct operator interaction, advanced scheduling software to optimize order workflow and provide real time feedback from the shop floor as well as full shop floor analytics. The ProductionAce™ product offers standard ERP integration and Dynamic Scheduling with real time feedback to provide effective efficiency and management of the plant floor. For more information, please visit: www.ProductionProcess.com
For Investor Inquiries Please Contact:
|Ed Crymble, Chief Financial Officer
|David McPhail, President & CEO
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