CXG.A

22% increase in sales Symbol:  CXG.A-CDNX www.clemex.com Shares Outstanding:  23,999,810 MONTREAL, Oct. 26, 2011 /CNW Telbec/ - Clemex Technologies Inc. , designer and manufacturer of Image Analysis systems and software for microscopy applications, announces its results for the first quarter of FY2012 ending July 31 2011. For this first quarter, sales reached $1,240,830 an increase of $223,975 or 22% compared to the same period last year. The Corporation ends this quarter with a Net Loss of $46,247 compared to a Net Profit of $51,032 posted last year. During this past Quarter, sales where made mainly abroad to the manufacturing sector industries such as: GE India, (Bangalore, India), Tubos De Acero de Mexico, (Valenzuala Mexico), Bharat Forge, (Maharastra India) and DeHua, HongKong, China).  Sales were also made to manufacturing industries in USA, Depuy Miktek (Brunswick, NJ) and Precision Equipment Leasing, (Houston, TX). FINANCIAL HIGHLIGHTS First Quarter Fiscal Year 2012 2011(1) $ $ Sales 1,240,830 1,016,855 Gross Margin 668,172 628,112 Gross Margin % 53.8% 61.8% Total Operating Expenses 686 419 544 080 Income Taxes 28,000 33,000 Net Profit(Loss) (46,247) 51,032 Net Profit(Loss) per share (0.002) 0.002 ((1)) Figures for Q1 2011 have been restated to conform to IFRS. Clement Forget, President and CEO of Clemex Technologies Inc. declared: "We are pleased to see a significant increase in sales this first quarter, which demonstrates Clemex's dynamism to business development. We have concluded our first sales with regard to the distribution of microscopes parts in Canada. Although, it has been a slower start than anticipated and our gross margin has been affected slightly more than we expected, we believe that this agreement will generate positive growth over the next quarters." Furthermore, the increase in operating expenses of the Company comes notably from an increase in R&D expenses of $ 78,000 compared to last year. This is caused by the NRCC-IRAP grant which ended shortly after the end of the first quarter last year, while the Company group keeps working intensively to complete the development of our hematology project. He continued, "The new strategic alliance recently signed with our partner in France, RAL Diagnostics, will also begin to develop new business for our products over the next quarters, and will translate into positive results over the next few months. Commercial development outlook for the Company remain very good, and should bring growth over the next months as we get into the more active months of our business industry." About Clemex Technologies, Inc. Clemex Technologies Inc. develops, manufactures and markets image analysis systems and software used by quality control and research microscopy laboratories.  Clemex's customer base spans over many countries in America, Europe, Asia and encompasses major Research and Development Centers, prestigious Universities and large manufacturing industries in various fields including healthcare, automotive, aerospace, raw materials manufacturing, pharmaceuticals, mining and other sectors. The CDNX has not reviewed and does not accept responsibility for the adequacy and accuracy of this press release.   CLEMEX TECHNOLOGIES INC. CONTACT: CLEMEX TECHNOLOGIES INC, 800 Guimond,Longueuil, QC, Canada J4G 1T5,Contact:Clément Forget,President and CEOTel: 450.651.6573Email: ir@clemex.com

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