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| Press Release

Memex Inc. Participating at SOUTH-TEC & the NTMA Fall Conference

BURLINGTON, ON / ACCESSWIRE / October 12, 2017 / Memex Inc. (''MEMEX'') (TSX-V: OEE), a global leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today announced that it will be presenting the Company's Data-Driven Manufacturing vision to SOUTH-TEC attendees in Greensville, South Carolina, from October 24 through 26, 2017 at SME's Smart Manufacturing Hub, as well as exhibiting at booth number 1932.

Additionally, MEMEX will be participating at the NTMA Fall Conference from October 24 - 27 in San Antonio, Texas, where MEMEX President and CEO, David McPhail, will be part of the Ignite Session, ''Job Shops of the Future: Present vs. Future - Expectations of the Job Shop.'' Earlier this month, MEMEX also participated in, and presented at, the IMPACT Manufacturing fall summit in Chicago, held on October 1 - 4 2017.

''Over the past few months, MEMEX has had increased manufacturer interest in MERLIN Tempus' capabilities to uncover hidden operational value,'' said Mr. McPhail. ''SOUTH-TEC, IMPACT, and the NTMA Fall Conference are industry leading events and great opportunities to present our manufacturing technology to prospective customers. We're excited and proud to showcase MEMEX's MERLIN Tempus to manufacturers that are actively seeking to reduce operating costs and boost productivity in their facilities.''

About SOUTH-TEC

SOUTH-TEC draws manufacturing suppliers, distributors, and equipment builders from across North America and around the world - bringing them together in Greenville, South Carolina. With hundreds of exhibiting companies, attendees can find all the latest technologies and services - plus the experts who build them - ready to demonstrate solutions that can help them grow their business. Visitors can make side-by-side comparisons, discover integrated equipment, hear about industry trends and forecasts, and leverage their purchasing power. For more information, please visit http://www.southteconline.com/.

About MEMEX

MEMEX was founded with a vision to improve the way automated machinery and production equipment work and connect on the factory floor. Since then, MEMEX has proved itself a pioneer in IIoT time and again. The company is committed to its mission of ''successfully transforming factories of today into factories of the future'' and envisions converting every machine into a node on the corporate network, creating visibility from shop-floor-to-top-floor. MEMEX is the developer of MERLIN, an award-winning IIoT technology platform that delivers tangible increases in manufacturing productivity in Real Time. MEMEX's software and hardware IIoT solution enable customers to achieve tangible IIoT-centric business outcomes. The MERLIN software suite and connectivity products have enabled manufacturers to achieve upwards of a 50% increase in productivity and a 20%-plus increase in profit, on average. Additionally, customers have secured payback in less than four months, which equates to an Internal Rate of Return greater than 300 percent. For more information, please visit: www.MemexOEE.com.

Media Contact

Memex Inc.:
David McPhail, CEO
Phone: 519-993-1114
Email:David.McPhail@MemexOEE.com

Rashi Rathore, Marketing Manager
Phone: 905-635-3040 ext. 103
Email:Rashi.Rathore@MemexOEE.com

Investor Relations

Sean Peasgood, Investor Relations
Phone: 416-565-2805
Email:Sean@SophicCapital.com

SOURCE: Memex Inc.