Burlington, ON, Canada – June 26, 2015 – Astrix Networks Inc. (TSX-V: OEE), operating under the trade name Memex Automation (“Memex”), is pleased to announce that it has agreed to acquire the intellectual property and other related assets of Dostek Incorporated (“Dostek”). In addition, Memex has engaged Dostek’s President, Doug Struthers, in the role of MERLIN DNC Architect.
Dostek produces a broad range of Computer Numeric Control (“CNC”) communication products, including Distributed Numerical Control (“DNC”) software and accessories and Behind-the-Tape Reader (“BTR”) interfaces. DNC is a method for loading parts programs onto manufacturing machines. With the acquisition of Dostek and its intellectual property, Memex intends to further enhance the DNC capabilities of its world leading MERLIN shop floor communications platform.
“Dostek has done well to establish itself as a leader in offering products for easy and reliable communications to CNC machines. Now with MERLIN and the Memex team, we can deliver the best shop floor communications platform,” says Doug Struthers.
“The 16 million unit global market for CNC machines using DNC is rapidly changing, and it represents a huge market opportunity for Memex,” stated David McPhail, President and CEO of Memex Automation. “The acquisition of Dostek is a significant step to not just increase our DNC product portfolio offering, but to create a world class and market leading DNC solution that manufacturers in every country are demanding.”
About Dostek Incorporated
Dostek is a software company that provides a full range of CNC communications products, such as DNC software, DNC accessories (ports, cables etc.) and Behind-the-Tape Reader (BTR) interfaces. For more information, please visit: www.dostek.com
About Memex Automation
Memex is a leading Industrial Internet of Things (IIoT) technology platform provider that connects to any machine and delivers real-time manufacturing productivity metrics. Industrial strength MERLIN software provides Overall Equipment Effectiveness (OEE) efficiency metrics in real time, from shop floor to top floor. MERLIN connects to any machine, old or new, utilizing MTConnect and other protocols. The MERLIN magic delivers a 10% to 50% average productivity increase so that any manufacturer can achieve world-class standards of excellence. Based on just a 10% increase in OEE, customers see profit improvements of 20%-plus and payback in less than four months. For more information, please visit: www.memex.ca.
Leanne Rattray, Communications Specialist
David McPhail, CEO
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.
To see the full press release, please click here.