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Astrix Networks (TSXV:OEE) has officially changed its name to Memex Inc. The Industrial Internet of Things (IoT) technology platform provider previously operated under the trade name Memex Automation.
Astrix Networks (TSXV:OEE) has officially changed its name to Memex Inc. The Industrial Internet of Things (IoT) technology platform provider previously operated under the trade name Memex Automation.
As quoted in the press release:
The name change will be effective for trading purposes on the TSXV commencing at the opening of trading on July 22, 2015. The common shares of the company will continue to trade under the operating symbol “OEE” following the name change. The existing share certificates issued under the former name of Astrix Networks Inc. will continue to represent common shares of the company under the new name, Memex Inc., and there is no need for shareholders to exchange their share certificates. However, if any shareholder wishes to exchange their share certificates for new share certificates issued under the new name Memex Inc., they can do so by contacting the company’s transfer agent Computershare Trust Company of Canada.
Memex president and CEO, David McPhail, said:
Astrix has done business as Memex Automation for years and we are well known for that. We felt that the name ‘Memex Automation’ no longer fit quite right with the direction our business has been going in so we wanted a fresh start. Sticking with the Memex theme seemed only natural as most of our customers and prospects know and refer to us as Memex.