Sigma Labs, Inc. And Exnovo Solutions, Inc. Sign Teaming Agreement To Pursue Joint Projects Benefitting United States Defense And Intelligence Communities
SANTA FE, N.M., June 7, 2012 /PRNewswire/ -- Sigma Labs, Inc. (OTCBB: SGLB.OB) announced today that it has entered into a teaming agreement with Exnovo Solutions, Inc.("Exnovo") of Murrells Inlet, S.C.(www.exnovoworldwide.com), a firm specializing in high-impact services and offering unique products to the United States Defense and Intelligence communities. Under the teaming agreement, we and Exnovo will have the benefit of combining our considerable strengths to provide a unique range of services and products to the above-targeted customers.
Vivek Dave, Executive VP of Sigma Labs, stated that "both companies have unique abilities. Exnovo has decades of leadership experience in understanding the precise needs of the United States Defense and Intel communities. Sigma Labs brings decades of experience in world-class technology solutions for National Security problems. By joining forces we expect to create and deliver best-in-class solutions that will help save US lives and complement United States interests around the globe." Alan Yarborough, President and COO of Exnovo, adds that "Exnovo's strategy is to save lives now and work toward securing the future of the United States for years to come. Our partnership with Sigma Labs will allow us to provide our customers with new and exciting, high level technical capabilities, further strengthening our mission of providing beyond cutting edge solutions."
About Sigma Labs, Inc.
Sigma Labs, Inc. comprises three wholly-owned subsidiaries, including B6 Sigma, Inc., Sumner & Lawrence Limited (dba Sumner Associates) and La Mancha Company. These entities provide high-level consultants and develop manufacturing and materials technologies and R&D solutions for first-tier integrators like Boeing, Honeywell, Pratt & Whitney, and other commercial firms around the globe. Sigma Labs, Inc. 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 by integrating sensing, software, materials and manufacturing technology risk-reduction solutions. 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. 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 June 7, 2012