Sigma Labs, Inc. Announces Two New Patent Awards For Lighter And More Energetic Munitions
SANTA FE, N.M., Jan. 14, 2013 /PRNewswire/ -- Sigma Labs, Inc. (OTCBB: SGLB) announced today that is has been awarded two U.S. Patents. The first award is for a new class of reactive material known as ARMS - Advanced Reactive Materials and Structures - that could be very useful for the future design of more energetic munitions able to deliver equivalent explosive power in a device of roughly half of the weight. Further, the technology has relevance in the reduction of weight in the manufacture of parts for unmanned aerial vehicles (UAV) and unmanned aerial systems (UAS). Vivek Dave, Executive Vice President of Sigma Labs, stated that, "Part of the basis for our patent includes the processing method by which we developed our reactive structural material. It is a very economical manufacturing method compared to such methods like powder metallurgy and it can be scaled to virtually any production volume." The second patent award was for Sigma Labs' BAM - Bonded Advanced Munition - technology which is ideally suited for use in projectiles like bullets or warheads for missiles requiring increased behind armor effects. Sigma Labs intends to seek licensing partnerships to help commercialize and take these technologies to market. There can be no assurance, however, that Sigma Labs will enter into a definitive license agreement.
About Sigma Labs, Inc.
Sigma Labs, Inc. has three wholly-owned subsidiaries – B6 Sigma, Inc., Sumner & Lawrence Limited (dba Sumner Associates) and La Mancha Company. B6 Sigma develops precision manufacturing solutions and advanced materials technologies, as well as R&D solutions for first-tier integrators and other commercial firms worldwide. Sumner Associates and La Mancha provide high-level consultants to Federal government and commercial clients seeking productive solutions for emerging and strategic development technologies. Sigma Labs has current contracts with Federal government and private industry clients to provide high-level consultants and develop technologies from their conception through the design, building, and testing of prototype systems. For more information please visit us at 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." Our forward-looking statements are subject to a number of risks, uncertainties and assumptions that could adversely affect us, including the risks set forth in our 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. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Sigma Labs, Inc.
Released January 14, 2013