Memex Inc. is working to address its financial filing delays

Memex Inc., a key player in the manufacturing productivity software sector for the Industrial Internet of Things (IIoT), is in the final stages of completing its annual financial statements for the year ended September 30, 2023. The company plans to file these annual financial documents, including management discussions and executive certifications, no later than February 29, 2024. This follows a cease-trade order issued by the Ontario Securities Commission on February 2, 2024, due to the delay in the initial filing set for January 28, 2024. This incident led to the suspension of Memex's shares trading on the TSX Venture Exchange. Memex management clarified that the delay was due to delays in commencing the audit procedures.

Memex continues to provide the public with updates on its filing status through bi-weekly reports and states that there are no other material undisclosed information to date. The company is renowned for its award-winning MERLIN Tempus software, recognized for its real-time manufacturing productivity enhancement capabilities. Established in 1992, Memex has established itself as a global leader in machine-to-machine (M2M) connectivity solutions, aiming to transform current factories into factories of the future.