Burlington, ON, Canada – February 25, 2015
– Astrix Networks Inc. (“Astrix”), operating as Memex Automation
(“Memex”) (TSX-V: OEE), the global leader of manufacturing M2M
productivity software, approved at its last Board Meeting, February 23,
2015, the granting of a total of 1.25 million share options to its five
member senior management team, 250,000 to each member. The share
options are exercisable at a price of $0.15 per share and vest over the
next three years, with half vesting on February 23, 2017 and the
remaining half vesting on February 23, 2018. The share options expire on
February 23, 2020.
About Memex Automation:
Astrix Networks Inc., (TSX-V:OEE),
provides award-winning software to measure Machine to Machine (M2M)
productivity and Overall Equipment Effectiveness (“OEE”) in real-time.
MERLIN (Manufacturing Enterprise Real-time Lean Information Network)
generates OEE metrics for each machine in every plant. MERLIN is used by
leading machine tool companies as a complete shop floor communications
platform. For more information, please visit: www.memex.ca.
Media Contacts
Leanne Rattray, Communications Specialist
Phone: 905-635-1540 ext. 103
Email: leanne.rattray@memex.ca
Phone: 905-635-1540 ext. 103
Email: leanne.rattray@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
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