BURLINGTON, ON / ACCESSWIRE / September 6, 2017 / Memex Inc. ("MEMEX") (TSX-V: OEE), a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, approved at its last Board Meeting, August 14, 2017, the granting of a 1.25 million share options to its five-member senior management team, 250 thousand to each member. The share options issued are exercisable at a price of $0.18 per share and vest over the next three years, with half vesting on September 5, 2019 and the balance vesting on September 5, 2020. The share options expire on September 5, 2022.
Memex Inc. was founded with a vision to improve the way automated machinery and production equipment work and connect on the factory floor. Since then MEMEX has proved itself a pioneer in IIoT time and again. The company is committed to its mission of "successfully transforming factories of today into factories of the future" and envisions converting every machine into a node on the corporate network, creating visibility from shop-floor-to-top-floor. MEMEX is the developer of MERLIN, an award-winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real Time. MEMEX's software and hardware IIoT solution enable customers to achieve tangible IIoT-centric business outcomes. The MERLIN software suite and connectivity products have enabled manufacturers to achieve upwards of a 50% increase in productivity and a 20%-plus increase in profit, on average. Additionally, customers have secured payback in less than four months, which equates to an Internal Rate of Return greater than 300 per cent. For more information, please visit: www.MemexOEE.com.
For investor inquiries please contact:
Rashi Rathore, Marketing Manager
905-635-3040 ext. 103
David McPhail, President & CEO
Sean Peasgood, Investor Relations
SOURCE: Memex Inc.