Canada markets close in 50 minutes
  • S&P/TSX

    19,198.75
    -59.57 (-0.31%)
     
  • S&P 500

    3,826.67
    -73.44 (-1.88%)
     
  • DOW

    30,987.79
    -450.47 (-1.43%)
     
  • CAD/USD

    0.7766
    -0.0003 (-0.03%)
     
  • CRUDE OIL

    111.79
    +2.22 (+2.03%)
     
  • BTC-CAD

    26,174.14
    -718.58 (-2.67%)
     
  • CMC Crypto 200

    442.10
    -7.96 (-1.77%)
     
  • GOLD FUTURES

    1,821.00
    -3.80 (-0.21%)
     
  • RUSSELL 2000

    1,744.26
    -27.49 (-1.55%)
     
  • 10-Yr Bond

    3.1980
    +0.0040 (+0.13%)
     
  • NASDAQ

    11,201.63
    -322.93 (-2.80%)
     
  • VOLATILITY

    28.35
    +1.40 (+5.19%)
     
  • FTSE

    7,323.41
    +65.09 (+0.90%)
     
  • NIKKEI 225

    27,049.47
    +178.20 (+0.66%)
     
  • CAD/EUR

    0.7377
    +0.0041 (+0.56%)
     

Memex Inc. Grants Share Options

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

BURLINGTON, ON / ACCESSWIRE / March 9, 2022 / Memex Inc. ("Memex" or the "Company") (TSX-V:OEE), a leader in Industrial Internet of Things (IIoT) manufacturing productivity software, announces that effective Tuesday, March 8, 2022, it has granted an aggregate of 6.4 million stock-based compensation options ("Options"), 2.0 million Options each to the two management directors and 800 thousand options each to the three non-management directors of the Company. The Options are exercisable at a price of $0.05 per share with half of the management directors' Options vesting March 8, 2024 and the balance on March 8, 2025. The non-management directors' Options vest over the next two years, with one-third vested immediately upon grant, another third vesting on March 8, 2023 and the remaining third vesting on March 8, 2024. All Options issued expire on March 8, 2027.

About Memex Inc.:

Established in 1992, Memex grew to be an industry leader in Industry Internet of Things (IIoT) through the development of MERLIN Tempus, an award-winning platform that delivers real-time, tangible increases in manufacturing productivity. Memex is on the leading edge of industry trends in computing power, machine connectivity, industry standards, advanced software technology, and manufacturing domain expertise.

Our persistent pursuit of innovative IIoT solutions led to a comprehensive understanding of the challenge's manufacturers face. We made it our mission to, "successfully transform factories of today into factories of the future." As the global leader in Machine to Machine (M2M) connectivity solutions, our hardware and software products create unparalleled visibility at all levels, from "Shop-Floor-to-Top-Floor."

The MERLIN Tempus Suite provides effective quantification and management of Overall Equipment Effectiveness (OEE) by revealing hidden capacity using real-time objective data. Further, it offers sustainable benefits that enable world-class OEE such as reducing costs, incorporating strategies for continuous LEAN improvement, and boosting bottom-line financial performance. For more information, please visit: www.MemexOEE.com

For investor inquiries please contact:

Rashi Rathore, Marketing Manager
905-635-1540
investor.relations@memexOEE.com

David McPhail, President & CEO
905-635-1540
investor.relations@memexOEE.com

Sean Peasgood, Investor Relations
647-977-9264
sean@sophiccapital.com

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.

SOURCE: Memex Inc.



View source version on accesswire.com:
https://www.accesswire.com/692336/Memex-Inc-Grants-Share-Options

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting