Sigma Labs, Inc. Receives Contract From Los Alamos National Laboratory to Assist With Manufacturing Technology in the Nuclear Environment
SANTA FE, N.M., July 27, 2011 /PRNewswire/ -- Sigma Labs, Inc. (OTCBB: SGLB). Sigma Labs, Inc. announced today that it received from Los Alamos National Laboratory a contract to perform certain machine tool upgrades to the Advanced Recovery and Integrated Extraction System (ARIES). Sigma Labs expects this contract to generate up to $300,000 in revenues. Mark Cola, President of Sigma Labs, states that "ARIES integrates the technologies needed to remove plutonium from the cores of surplus nuclear weapons and converts it into an unclassified form for international inspection. This technology enables the US to meet treaty obligations and furthers efforts to reduce the threat of nuclear weapons proliferation. We are pleased to provide manufacturing technology upgrades to this vital National Security mission." Vivek Dave, Executive Vice President, states that "this contract reaffirms the confidence placed in us by those leading critical aspects of US National Security Programs. This contract furthers our manufacturing technology expertise as outlined in our recent CEO Letter currently posted on our website."
About Sigma Labs, Inc.
Sigma Labs comprises leading scientists and engineers from Los Alamos National Laboratory with over 75 years of combined industrial R&D experience and has become a 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 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 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. Visit Sigma Labs at www.sigmalabsinc.com.
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 most recent annual report on Form 10-K and 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.
SOURCE Sigma Labs, Inc.
Released July 27, 2011