MEMEX Wins CIX Top 20 Award

BURLINGTON, ON--(Marketwired - Nov 15, 2016) - Memex Inc. ("MEMEX" or the "Company") (TSX VENTURE: OEE) announces that the Company is the recipient of the Canadian Innovation Exchange (CIX) Top 20 Award. MEMEX was selected as one of Canada's "Top 20" hottest innovative public technology companies. Hundreds of company profiles were reviewed and the winners were chosen by a selection committee comprised of technology experts and investors from across the country. CEO David McPhail will be making a presentation at the CIX Public Investor Day on the afternoon of November 23, between 4.00 - 4.40 pm, in Toronto at the MaRS Discovery District. 

"It is an honour to win a CIX Top 20 award and be recognized as a leading Canadian innovator," said Mr. McPhail. "I would like to thank CIX for organizing the public investor day and allowing MEMEX to share its story with investors."

About the Canadian Innovation Exchange:

The Canadian Innovation Exchange (CIX) is a showcase for great Canadian innovation while catalyzing strategic relationships and transactions across this dynamic sector. Its objective is to bring together the key leaders and protagonists of technology-based innovation in order to learn from each other and to showcase and celebrate the tremendous innovative products, services and technologies that exist today and are providing the fuel for our economy to grow. The CIX is over three days, CIX FinTECH on Nov 21, Canadian Innovation Exchange on Nov 22 and CIX Public Investor Day on Nov 23. 

About MEMEX:

MEMEX, 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 accelerating 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 networks, 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. For further information, visit www.MemexOEE.com