Sigma Labs Contracts With Federally Funded Aerospace Organization To Streamline 3D Metal Manufacturing
SANTA FE, N.M., Aug. 29, 2018 (GLOBE NEWSWIRE) -- Sigma Labs, Inc. (NASDAQ: SGLB) (“Sigma Labs” or the “Company”), a provider of quality assurance software under the PrintRite3D® brand, has been awarded a contract for its PrintRite3D® hardware, software and engineering services by a federally funded organization involved in the space industry. Sigma Labs’ sensor arrays will determine and communicate the quality of manufactured parts in real time to the end-user. This real-time analysis is expected to save time and money, helping to make the transition from prototype to production of 3D metal manufacturing in the industry. Specifically, Sigma’s PrintRite3D® In-Process Quality Assurance™-(IPQA®) based technology is designed to enhance support and development of additive manufacturing capabilities and solutions for use by the United States Air Force Space and Missile Center.
John Rice, Chairman and CEO of Sigma Labs, said, “Our PrintRite3D® system will be integrated into a Concept Laser M2 3D printing machine to provide the scientific framework necessary to avoid the trial-and-error approach to qualification, which is expensive, time-consuming and provides no assurance of achieving the desired product attributes. When adequately tested with empirical in-process data from our PrintRite3D® system, national security space systems can be fabricated defect-free, with structurally sound and reliable components based on scientific principles.”
About Sigma Labs
Sigma Labs, Inc. is a provider of quality assurance software under the PrintRite3D® brand and a developer of advanced, in-process, non-destructive quality assurance software for commercial firms worldwide seeking productive solutions for advanced manufacturing. For more information please visit us at www.sigmalabsinc.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Annual Report on Form 10-K (including but not limited to the discussion under “Risk Factors” therein) filed with the SEC on April 17, 2018 and which may be viewed at http://www.sec.gov.
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Released August 29, 2018