Sigma Labs, Inc. Receives US Air Force Research Contract to Help Reduce Part Costs Through Additive Manufacturing for the Joint Strike Fighter
SANTA FE, N.M., Feb. 8, 2011 /PRNewswire/ -- Sigma Labs, Inc. (OTC Bulletin Board: SGLB) announced today it has received a Phase II Small Business Innovation and Research (SBIR) Grant from the US Air Force Materials Research Laboratory to design and develop a monitoring and control system for use with electron beam additive manufacturing. Electron beam additive manufacturing is finding wide-spread use for making high-value added components for defense and commercial aerospace projects including the Joint Strike Fighter – JSF – which is a $300B, multi-decade program led by Lockheed-Martin (aircraft) and Pratt & Whitney (engines).
Richard Mah, CEO of Sigma Labs, Inc. describes the benefits of the process as follows: "Our patent-pending monitoring and control technology will enable our clients to create a quality-assured manufacturing process which will improve titanium's utilization ratio by a factor of 5 or more, thereby saving millions of dollars in materials costs per aircraft – for military and civilian aircraft alike."
About Sigma Labs, Inc.
Sigma Labs, Inc. comprises leading scientists and engineers from Los Alamos National Laboratory with over 75 years of combined industrial R&D experience and has become developer of manufacturing and materials technologies and an important R&D provider to first-tier integrators including Boeing, Honeywell, and Pratt & Whitney as well as to commercial firms within the United States and internationally. Sigma Labs, Inc. currently has contracts with both the federal Government and private industry to develop technologies from their conception through the design, building, and testing of prototype systems. Sigma Labs, Inc. is aggressively designing and developing innovative sensing, software products, materials technologies and other unique manufacturing quality assurance solutions for the federal Government and our commercial clients.
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission, including our Report on Form 8-K that was filed in connection with the transaction we recently completed with B6 Sigma. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
Mark Cola, President of Sigma Labs, Inc., +1-505-438-2576
SOURCE Sigma Labs, Inc.
Released February 8, 2011