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A Burlington company is getting a big financial boost.

Memex Automation is getting an $800,000 investment to help it develop new automation technology software. Manufacturers can use the software on their products to track the productivity and efficiency of their machines.

Federal economic development minister Gary Goodyear talked about the importance for Memex, as well as the city of Burlington. “This particular project will create 16 high-quality jobs right here in the Burlington area.”

“What’s brilliant about this particular project is, if other manufacturers adopt this technology, they too could expand, and grow, and create more jobs in their own plant. That’s the idea behind the federal government’s initiatives in partnering with these types of projects.”

During the announcement, the president and CEO of Memex thanked the government and said it was a great day for the company.