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Memex Inc. (OEE) has Products Revolutionizing the Industrial Internet of Things

Stephen L Kanaval |

Overall Equipment Effectiveness is maybe not a phrase you hear that often, but if you manage a shop or a work site, you know exactly what it means. It means that your machines on your floor are running at peak performance. Memex Inc. (OEE) understands this so well that they made it their stock symbol. So, how does Memex do this? The company has created a manufacturing execution system called MERLIN OEE. The MERLIN OEE system is connected directly to the machines on the floor and offers live results and a constantly updating dashboard of metrics. Memex’s MERLIN OEE is all about a company using the machines that they have and making them better by finding the hidden areas of profit loss.

The creation of this unique system has allowed Memex to have four straight quarters of revenue growth. Meme produced a gross margin of $375,000, which was 27% higher than the same quarter in 2015 (cited from press release here). The industrial internet of all things is coming, and if you read Equities.com frequently you know that there are disruptive products out there. Memex is one of these companies that understands how to bridge the last twenty years with the next fifty years. The MERLIN OEE takes older machines and adapts them with software and shows areas where the machine can be improved. These analytics can save companies a lot of money. As a matter of fact here is what Memex says about that:

MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in OEE. It 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, other protocols or MERLIN hardware adapters for older machines

Memex has important alliances with Cisco and Mazak. In addition, the MERLIN OEE has been proven in plants like Milwaukee Tool, Magellan Aerospace, Aero Pacific, and many more. And just think, there are over 16 million Computerized Numerical Control (CNC) machine tools installed world wide, what do you think Memex could do for all those companies with its machine monitoring software?

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

 

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MEMEX Launches MERLIN OPTime — a FREE Real-Time Dashboard for Manufacturing Analytics

BURLINGTON, ON–(Marketwired – Apr 26, 2016) – MEMEX Inc. (TSX VENTURE: OEE) announces the launch of MERLIN OPTime, a free Real-Time dashboard application for MTConnect® enabled devices. Connecting MERLIN OPTime to MTConnect® enabled machines on the shop floor will allow manufacturers to receive Real-Time manufacturing analytics on an informative, dynamic dashboard. With OEE becoming more critical, MERLIN OPTime offers manufacturers an opportunity to take their first step towards IIoT and smart manufacturing, seeding the market and subsequently driving demand for more feature rich paid versions of MERLIN, all in due course.
MERLIN OPTime is easy to install and use software that reads MTConnect® tags along with offering users the capability to add and display multiple devices/agents, and configure an event to reflect if a machine is running or not. The information rich dashboard also empowers users to assess machine utilization on an 8-hour rolling trend chart that can be viewed on any device such as a smartphone. MERLIN OPTime allows users to:

Assess Machine State: Provides dynamic color feedback on machines uptime and downtime states.
Measure Machine Utilization: Enables both current and trend machine utilization.
Identify Bottlenecks: Enables users the ability to quickly identify machine problems and potential bottlenecks by providing the current state of MTConnect® enabled devices.
Recognize Optimization Opportunities: Analysis of the utilization trends provide an objective comparison of operation time which can bring to light optimization opportunities that exist to boost productivity.

“With MERLIN OPTime, users can experience the potential of data-driven manufacturing with no initial monetary investment,” said Dave Edstrom, CTO at MEMEX Inc., “I believe MERLIN OPTime will dramatically shorten the time that manufacturers will spend learning to appreciate the importance of Real-Time shop-floor information, as well as the tremendous benefits of MTConnect® — the interconnectivity standard.”

About MEMEX

MEMEX Inc., the developer of MERLIN, an award winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real-Time, is the global leader in machine to machine connectivity solutions. Committed to its mission of “Successfully transforming factories of today into factories of the future” and encouraged by the rapid adoption and success of MERLIN, MEMEX is relentlessly pursuing the development of increasingly innovative solutions suitable in the IIoT era. MEMEX envisions converting every machine into a node on the corporate network, thereby, creating visibility from shop-floor-to-top-floor. MEMEX, with its deep commitment towards machine connectivity, offers solutions that are focused on finding hidden capacity by measuring and managing Real-Time data. This empowers MEMEX’s customers to effectively quantify and manage OEE, reduce costs and incorporate strategies for continuous lean improvement.

CONTACT INFORMATION
Media Contact:
David McPhail
CEO
Phone: 519-993-1114
Email: david.mcphail@MemexOEE.com

Rashi Rathore
Communication Coordinator
Phone: 905-635-3040 ext 103
Email: Rashi.Rathore@MemexOEE.com

Learn More about MERLIN OPTime

Get MERLIN OPTime

 

MEMEX @ Mfg4

Mfg4 is the most efficient way for you to see and evaluate the latest Aerospace, Defense, and Medical manufacturing technologies The aerospace, defense, and medical device industries share similar challenges: long project lifecycles, stringent regulations, mission-critical quality control, and a vital need for advanced manufacturing technologies.

Attending Mfg4 2016 provides a unique opportunity to explore the methods and products that are working in these industries and discover how they can be adapted and implemented within your operation. Collaborate with suppliers who already understand the challenges your firm faces and have proven solutions you can put to use immediately.

Nearly every hour on the show floor, professional presentations will provide important insights into each featured industry. Attend keynotes presented by industry leaders and hear how the technologies on the exhibit floor are tackling production issues in innovative ways during the Information Interchange

Attend the MEMEX sponsored smart manufacturing panel along with hearing from industry leaders on topics vital to industry manufacturers, network with peers and find ideas and solutions you didn’t even know you needed.

Meet up with MEMEX representative and discover what the Brilliant Factory means for you along with the tools you need to plan and execute successful strategies for your own digital factory of the future.

Date: 3rd – 5th May, 2016

Time:  Tuesday, May 3

10:00 a.m. – 5:00 p.m.

Wednesday, May 4

10:00 a.m. – 5:00 p.m.

Thursday, May 5

10:00 a.m. – 4:00 p.m

Venue: Connecticut Convention Center

100 Columbus Boulevard

Hartford, CT 06103

 

Learn more about Mfg4

Register for Mfg4

Smarten Up

April 2016, Machine Metrics | Quality, Kip Hanson

When I started on the shop foor, machine tools were dumb. Communication levels weren’t determined by protocols or baud rates but by which machinist could yell the loudest. NC programs were loaded from paper tape, tool offsets made with a hammer, and part quality results recorded on handwritten forms.

What a change a few decades make. Today’s technology allows shops to monitor virtually every aspect of production, from what tools were changed yesterday to how many minutes the spindles sat idle last week to what jobs are running on which machines right now. So much has changed, in fact, that some say the next industrial revolution, or Industry 4.0, is upon us.

Getting everyone on the same page

One proponent of this revolution is David McPhail, president of industrial communications platform provider Memex Inc., in Burlington, ON, who counts Mazak Corp. among key global customers for the company’s flagship product, Merlin. McPhail points to data driven manufacturing and the Industrial Internet of Things (IIoT) as two examples of the technology companies can leverage to improve productivity and part quality, if only they have the will to overcome fear of the unknown.

“Change of any kind is hard, especially when people don’t understand the technology behind it,” he says. “But when someone thinks to themselves, ‘if I don’t do anything, then there’s no risk,’ it brings about the worst kind of paralysis. Manufacturing companies must learn to embrace technology if they are to gain a competitive advantage.”

Those advantages are numerous. Lights out production, shorter lead times, improved tool life—the list goes on. One often-overlooked benefit of integrated machine communication is better part quality, says McPhail.

Click here to read more: Smarten Up