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Director and CFO buying at Memex (V:OEE)

Updated Tuesday Oct 03, 2017 03:21 AM EDT

Peter Alan Lacey, a Director, acquired 312,500 Common Shares on an indirect ownership basis for registered holder Peter Lacey RRSP/TFSA at a price of $0.160 through a prospectus or prospectus exempt offering on September 26th, 2017. The insider also acquired 156,250 Warrants with anexercise price of $0.250 for 24 months. This represents a $50,000 investment into the company's shares and an account share holdings change of 11.8%.

On the same terms, Edward Allen Crymble, CFO, acquired 62,500 Common Shares on a direct ownership basis and 31,250 Warrants. This represents a $10,000 investment into the company's shares and an account share holdings change of 21.6%.

Memex is in the IT Services & Consulting Sub Industry Group under the Technology Sector.

Memex Inc. is a Canada-based company, which is an Industrial Internet of Things (IIoT) company. The Company develops, commercializes and manufactures a suite of products for its customers in the discrete manufacturing and aerospace across the world. The Company's product, MERLIN, is a software-driven IIoT communications platform that provides manufacturing analytics in real time. MERLIN delivers real-time manufacturing productivity metrics, including Overall Equipment Effectiveness (OEE) in real time, from the shop-floor-to-top-floor. MERLIN connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines. The Company's manufacturing execution system (MES) products include MERLIN Tempus Enterprise Edition, MERLIN FOEE, MERLIN Tempus, MERLIN Operator Portal and MERLIN Dynamics AX Connector. Its hardware accessory products include Memex Cables, Mx2000 Hand-held Machine Interface and Ax2245 ScanGun Bar Code Scanner.

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Go to Memex Inc. (OEE)'s company page

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