Sunday, February 14, 2016
Findlay, OH, USA – February 10, 2016 – MEMEX Inc. (TSX-V: OEE) is proud to announce that Kuss Filtration Inc., a global filtration product OEM, has purchased MERLIN Enterprise Edition for a multi-plant roll-out of Industrial Internet of Things (IIoT) software for manufacturing facilities in the USA, China, and Brazil. This sale includes 43 licenses of MERLIN and is a follow-on to a 10-license sale in June of 2015.
“Kuss is committed to quality through our operating management system and use of Six Sigma and Lean Manufacturing techniques, which has earned us the ISO/TS 16949 certification in addition to many awards and recognitions for design, innovation and product excellence,” said Kuss Filtration’s President and CEO Hasnain Merchant. “MEMEX’s MERLIN has proven itself, and now we intend to enhance our manufacturing excellence and profitability with MERLIN in three of our factories.”
“Kuss Filtration is a great example of a world-class company embracing the power of our MERLIN communications platform,” said MEMEX CEO David McPhail. “MERLIN proves that the Industrial Internet of Things isn’t a theory. IIoT is an implement-now competitive advantage for the smartest factories on the planet.”
MERLIN is an IIoT shop-floor-to-top-floor communications platform that connects industrial machines and provides manufacturing analytics in real time. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (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.
About Kuss Filtration Inc.
Kuss Filtration manufactures exceptional filtration products with unparalleled quality and innovation. The company has over 60 years of experience providing air and liquid filtration solutions to a diverse global market. Today Kuss Filtration is comprised of six locations in the U.S. Brazil, Europe and China strategically placed to service its growing global customer base.
About MEMEX Inc.
MEMEX is a leading Industrial Internet of Things (IIoT) technology platform provider that delivers manufacturing productivity analytics. MERLIN software provides Overall Equipment Effectiveness (OEE) efficiency metrics in real time, from shop-floor-to-top-floor. Specifically, MERLIN delivers a 10%-50% average productivity increase, and earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness (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. For more information, please visit:www.MemexOEE.com.
Kuss Filtration Inc.
Hasnain Merchant, President & CEO
Phone: +1 (419) 425-7233
MEMEX Inc.David McPhail, CEO
Phone: +1 (519) 993-1114
Nathan Rudyk VP Marketing
Phone: +1 (905) 635-1540 ext. 216
Sophic Capital Inc.
Sean Peasgood, Investor Relations
Phone: +1 (416) 565-2805
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.
Posted by Photons and Electrons at 9:46 AM