March 19, 2015 – Burlington, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
Astrix Networks Inc., operating as Memex Automation, will bring to market a new version of its technology that helps manufacturers become more productive, thanks to an investment of up to $800,000 announced today by FedDev Ontario Minister Gary Goodyear and Burlington MP Mike Wallace.
Founded in 1992, Memex Automation supplies companies with products that allow manufacturing machines to communicate with each other and with production management systems. Memex Automation will use the federal funding to commercialize the latest version of its product MERLIN (Manufacturing Execution Real-time Lean Information Network) and to test and commercialize additional features to be rolled out in the coming years.
Manufacturers use MERLIN to measure the efficiency of their production capacity. By monitoring production as it happens, companies can increase their productivity by reducing downtime between jobs.
The Harper Government's repayable contribution, through FedDev Ontario's Investing in Business Innovation initiative, is aimed at strengthening the innovation ecosystem in southern Ontario by supporting new entrepreneurs, early-stage businesses and angel investors.
Following the announcement, Minister Goodyear and MP Wallace will visit ADFLOW Networks, an innovative technology company that delivers award-winning Digital Signage and interactive marketing solutions to leading retailers and brands across North America. The company received a repayable contribution of $99,093 from FedDev Ontario to expand its facilities and establish a technology innovation centre.
Minister Goodyear and MP Wallace will also host a roundtable with students and recent graduates at McMaster's DeGroote School of Business in Burlington campus to discuss opportunities for the Government of Canada to support aspiring entrepreneurs.
Erica Furtado
Director of Communications
Office of the Honourable Gary Goodyear
613-943-7599
Media Relations
FedDev Ontario
416-954-6652
FedDevMedia@FedDevOntario.gc.ca
Toll Free: 1-866-593-5505
Website: www.FedDevOntario.gc.ca
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