Sigma Labs Part Of Team Awarded Grant Of $5 Million For Additive Manufacturing Research
SANTA FE, N.M., Sept. 24, 2013 /PRNewswire/ -- Sigma Labs, Inc. (OTCBB: SGLB) announced today that its wholly-owned subsidiary, B6 Sigma, Inc., was a participant on the winning team of companies, universities and national laboratories to be awarded a grant of $5 million by the U.S. Department of Commerce's National Institute of Standards and Technology. The National Additive Manufacturing Innovation Institute was designated as the project lead, and Edison Welding Institute will lead collaborative efforts to develop in-process sensing and monitoring capabilities so that tolerances and other quality requirements are consistently achieved. The emphasis of the team's research will be on providing tools needed for additive manufacturing applications to progress from prototype to market-ready. Additional information on the grant can be found at http://www.manufacturing.gov/news_20130918_01.html.
Mark Cola, President and Chief Executive Office of Sigma Labs, stated that "We are pleased to be a part of this groundbreaking effort that will advance the state-of-the-art in additive manufacturing quality inspection technology, especially for critical metal parts. We were invited to join the effort because of our sophisticated sensor and in-process quality assurance technology, which further validates our engineering expertise and product offerings in the area of advanced manufacturing quality assurance for the additive manufacturing industry."
About Sigma Labs, Inc.
Sigma Labs, Inc., through its wholly-owned subsidiary B6 Sigma, Inc., develops and engineers non-destructive quality inspection systems for commercial firms worldwide seeking productive solutions for 3D metal printing and other advanced manufacturing technologies. Sigma Labs other wholly-owned subsidiary, Sumner & Lawrence Limited, provides high-level scientific consultants to Federal government clients seeking productive solutions for emerging and strategic development technologies. 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 September 24, 2013