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
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.
In the landscape of modern manufacturing, the options available to aid companies on their Industry 4.0 voyage are plentiful and diverse. Ranging from straightforward applications that interface with machinery protocols to Software as a Service (SaaS) offerings tracking utilization and on-premise platforms orchestrating interconnected systems, the choices span a spectrum of complexity and investment. Each alternative carries its own strengths and financial implications. It’s within this matrix of possibilities that manufacturers tread to realize their ambitions. However, the linchpin for success lies not just within the technological avenues explored but in the unwavering commitment of the manufacturers themselves.
The bedrock of a fruitful Industry 4.0 journey hinges on an organization’s embrace of cultural transformation, prioritization, and paradigm shift. Without this internal alignment, even the most advanced technology can falter. Regrettably, there are instances of manufacturers who only pay lip service to Industry 4.0 adoption, dedicating token resources and time to yield a lackluster solution that merely fulfills an initiative’s appearance. Simultaneously, other companies erect barriers to shield executive management from disruptive change, championing the heralded evolution of manufacturing while skirting genuine engagement. Boards of Directors receive accounts of pioneering ventures, yet the promised outcomes often remain elusive.
For a company earnestly embarking on an Industry 4.0 journey, pivotal questions must form the cornerstone of their approach. These questions probe the essence of their market reach, sales projections, delivery reliability, product quality enhancement, defect detection, maintenance mitigation, human resources optimization, cost curtailment, traceability augmentation, innovation fostering, automation integration, production efficiency, quality consistency, regulatory compliance, and workforce empowerment.
Merely implementing rudimentary Red Light/Green Light monitoring fails to address these nuanced inquiries, despite its visually appealing allure. Astonishingly, several companies adopt such simplistic monitoring and leave it at that. Conversely, some corporations heed corporate mandates from above without gauging the resource commitments necessary to operationalize these directives throughout the organization. A significant number of companies invest copious resources in elaborate solutions yet struggle to actualize even their first dashboard or report after a year or more. Meanwhile, those opting for a “Safe Bet” approach dip their toes into Industry 4.0 through low-cost SaaS solutions, often underestimating future costs and security implications. Once engaged, extricating oneself from this commitment can be as daunting as the refrain from the iconic song, “Hotel California” – you can check out any time you like, but can never leave.
To triumph in the Industry 4.0 landscape, manufacturers must undertake a dual commitment: a cultural revolution and judicious technological selection. These two pillars, when properly aligned, address the most crucial facets of modern manufacturing:
1. Process Optimization: Iteratively refining production processes to eliminate bottlenecks, shorten cycle times, and enhance overall efficiency.
2. Quality Assurance: Instituting robust measures to minimize defects and ensure adherence to rigorous quality standards.
3. Lean Methodologies: Embracing lean principles to eradicate waste, optimize resource usage, and heighten operational efficacy.
4. Automation and Robotics: Seamlessly integrating automation and robotics to streamline tasks, mitigate human errors, and expedite production.
5. Employee Training: Establishing comprehensive training programs to empower manufacturing personnel, bolstering efficiency and output quality.
6. Sustainability: Implementing energy-efficient practices to curtail energy consumption and ecological impact.
7. Predictive Maintenance: Employing data-driven insights to predict maintenance needs, minimizing downtime and optimizing upkeep schedules.
8. Continuous Enhancement: Fostering a culture of perpetual improvement where employees innovate and tackle inefficiencies.
9. Cutting-edge Tech: Exploring advanced technologies like additive manufacturing, augmented reality, and digital twin simulations to elevate product development.
10. Agility and Customization: Crafting adaptable processes that swiftly accommodate shifting product requirements and consumer demands.
Elevating these aspects can propel manufacturers toward heightened productivity, superior products, and competitive advantages. Industry 4.0 acts as the conduit to these aspirations, its technology, and resources serving as essential enablers. Yet, the chosen technology must seamlessly meld with the intricacies of a company’s operational fabric. Simplicity alone falls short.
Now is a pivotal juncture to embark on a transformational journey that fuels sustained growth and prosperity.
Author Tim Smith, Director of Technology Adoption at Memex Inc., expounds on these principles and more. For additional insights, visit https://memexoee.com/.
MEMEX, with its visionary attitude, has been on the leading-edge of the convergence of the industry trends in Computing Power, Connectivity of Machines, Industry Standards, Advanced Software Technology, and Manufacturing Domain Expertise. MEMEX is the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in real-time.
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