Sigma Labs Signs Agreement with Creatz3D of Singapore
SANTA FE, N.M., April 04, 2016 (GLOBE NEWSWIRE) -- Sigma Labs, Inc. (OTCQB:SGLBD) (OTCQB:SGLB) (“Sigma Labs” or the “Company”), a developer of advanced, in process, non-destructive quality inspection systems for metal-based additive manufacturing (“AM”) and other advanced manufacturing technologies, today announced that the Company has signed an agreement with Creatz3D Pte Ltd ("Creatz3D") to be the non-exclusive sales and service agent for Sigma Labs in Singapore, Indonesia and Vietnam. Creatz3D is an authorized reseller of 3D printing systems and materials, AM solutions for metal components, and rapid prototyping software.
“We’re very pleased to announce our first foray into Asia through this innovative marketing agreement with Creatz3D,” said Mark Cola, President & CEO of Sigma Labs. “Given Creatz3D’s expanding presence in the industry and Singapore’s interest in promoting additive manufacturing, we believe this relationship will prove instrumental in growing our revenue across the Pacific Rim. We’re already fielding inquiries for our PrintRite3D® technology in the region and are dedicated to being on the ground floor during this exciting time in Singapore. Under the agreement, Creatz3D will sell and service our In-Process Quality Assurance™ (IPQA®) solutions, and we look forward to a long and fruitful partnership.”
The Government of Singapore is committed to expanding the role of AM solutions across Asia and, in 2013, announced it would invest $500 million over five years to boost the country's skills in this area – including in the rapidly emerging 3D printing industry. The funding is part of the government's Future of Manufacturing (FoM) program, with the goal of enticing Singapore's manufacturing enterprises to embrace disruptive technologies such as 3D printing. The $500 million will be used to upgrade skills among workers and engineers as well as "exploring the potential of building a new 3D printing industry ecosystem."
About Creatz3D Pte Ltd
Founded in 2012, Creatz3D is a subsidiary of the Hong Chek Group which specializes in industrial equipment and laser equipment for marking, cutting and welding. With offices in Singapore and Vietnam, Creatz3D is dedicated to providing 3D printing solutions that enable users to overcome constraints imposed by traditional manufacturing methods. Additional information can be found at www.creatz3d.com.sg.
About Sigma Labs, Inc.
Sigma Labs, Inc. develops and engineers advanced, in-process, non-destructive quality inspection systems for commercial firms worldwide seeking productive solutions for metal-based additive manufacturing or 3D printing, and other advanced manufacturing technologies. For more information please visit www.sigmalabsinc.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." These forward-looking statements are subject to a number of risks, uncertainties and assumptions that could adversely affect us, including the risks set forth in Sigma Labs' most recent annual report on Form 10-K. The forward-looking statements in this press release are made only as of the date of this press release. Sigma Labs undertakes no obligation to update any of these forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact: Chris Witty firstname.lastname@example.org 646-438-9385Source: Sigma Labs, Inc.
Released April 4, 2016