Welcome!

Java IoT Authors: Yeshim Deniz, Liz McMillan, Pat Romanski, Elizabeth White, Frank Lupo

News Feed Item

Dave Edstrom Joins Memex Automation as Chief Technology Officer and Purchases Equity Interest

BURLINGTON, ON -- (Marketwired) -- 01/30/14 -- Astrix Networks Inc., operating as Memex Automation ("Astrix" or the "Company") (TSX VENTURE: OEE), is pleased to announce that Dave Edstrom, recently past President and Chairman of the Board of the MTConnect Institute, has purchased an equity interest in the Company and has joined the senior management team as Chief Technology Officer.

Edstrom brings decades of software experience to Memex Automation and has been in a number of technology and leadership roles for a range of companies. Prior to his new role, he served for three and a half years as President and Chairman of the Board of the MTConnect Institute, where he was instrumental in the creation of the MTConnect standard.

In October 2006, while working at Sun Microsystems, Edstrom and Dr. David Patterson of the University of California at Berkeley (UCB), laid out the MTConnect vision at AMT -- The Association For Manufacturing Technology's Annual Meeting. Edstrom is also the author of the book "MTConnect: To Measure Is To Know" as well as a prolific writer of white papers, technical and business articles. Edstrom worked for Sun Microsystems for 23 years in a variety of leadership positions, including as Chief Technologist for Global Software, when he left to start his own company in 2010. Prior to Sun Microsystems, Edstrom held a number of positions including assembly language programmer, systems engineer, Principal Engineer, as well as in computer hardware and software sales. His career includes working with a broad range of software and hardware technologies for commercial and government markets with both direct sales and partners, and he retains his title of CEO/CTO at Virtual Photons Electrons, LLC., his consulting firm.

The Company is pleased to announce it has closed the first tranche of the private placement previously announced on January 15, 2014. Upon joining Memex Automation, Edstrom has purchased 1,114,500 units at a price of $0.14 each. Each unit is comprised of one common share in the capital of the Company (a "Common Share") and one warrant (a "Warrant"). Each Warrant entitles Mr. Edstrom to purchase one Common Share at a price of $0.145 per share at any time prior to 4:00 p.m. (Ontario time) on January 30, 2016. The securities are subject to a hold period, which will expire on May 31, 2014. The closing is subject to receipt of final approval from the TSX Venture Exchange.

Edstrom stated, "I have had the privilege of working with Memex Automation on a variety of efforts when I was the President and Chairman of the MTConnect Institute. I am absolutely convinced that this company is positioned to become the global leader in its vertical, helping manufacturers maximize utilization and gain productivity. I am thrilled to be joining the Memex Automation team as the Chief Technology Officer in an ownership position to drive technology, create new opportunities, and help it become a global power in manufacturing solutions."

"I'm delighted Dave has joined our ownership and leadership team, as it enables him to continue to lead the global manufacturing sector out of the 20th Century and into the 21st Century with an MTConnect-based universal machine to machine (M2M) productivity solution," said Memex Automation's President & CEO, David McPhail. "This should signal to manufacturers globally that Memex Automation is doing things right -- that using MERLIN, our flagship product, they can connect their plants' points of production to their business intelligence tools in real-time while increasing production and income from operations by 10% or more."

About MERLIN:

MERLIN translates all protocols such as Fanuc Focas, OPC and MTConnect, an XML-based, open source, royalty free protocol into information that management, engineering and maintenance teams use to:

  • Measure OEE in real-time, providing an objective voice of process from each point of production, fabrication and assembly
  • Bucket "idle time" to its root cause and converts some of it back into production time
  • Capture and define quality issues by process step to define poor quality root causes
  • Define machining parameters, tolerances, conditions and production flow on a SKU basis
  • Optimize machine states and conditions, to increase spindle time and asset utilization
  • Increase production and thereby increase income from operations

About the company

Operating under the trade name Memex Automation, Astrix Networks Inc. (TSX VENTURE: OEE) is the leader of the measurement of Overall Equipment Effectiveness (OEE). OEE is the measurement of plant-wide capacity utilization in real-time. MERLIN (Manufacturing Enterprise Real-time Lean Information Network) generates OEE enterprise-wide, machine by machine. Frost & Sullivan awarded MERLIN its 2013 Technology Innovation Leadership Award. Microsoft picked MERLIN to be its mid-market ERP machine connectivity solution. Mazak, North America's largest original equipment manufacturer of machine tools, purchased MERLIN to manage its plant and now offer it on their price list.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Add to Digg Bookmark with del.icio.us Add to Newsvine

For more information, please contact:
Sales
:
John Rattray
Vice-President Sales
905-635-0590
Email Contact

Investors:
Thomas Smeenk
VP Business Development
905-536-3138
Email Contact

Media:
Leanne Rattray
Marketing
905-635-1540 ext. 103
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...