Sigma Labs, Inc. to Develop Advanced Technology for a Second Jet Engine Manufacturer
SANTA FE, N.M., April 13, 2011 /PRNewswire/ -- Sigma Labs, Inc. (OTCBB: SGLB) announced today it will supply its novel In-Process Quality Assurance – IPQA® – technology to help Honeywell Aerospace develop advanced manufacturing technology for jet engines.
Mark Cola, President of Sigma Labs, states "Honeywell's choice of Sigma Labs was a significant validation of IPQA®'s performance for a most demanding application. IPQA®'s detection of very subtle process variations will allow users to implement real-time, cost-reducing manufacturing solutions."
Vivek Dave, Executive Vice President of Sigma Labs, adds that "This is part of our continuing efforts to supply IPQA technology to aerospace manufacturing clients worldwide. We look forward to working with Honeywell and others to see IPQA enter production."
About Sigma Labs, Inc.
Sigma Labs, Inc. 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, Inc. 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, Inc. 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 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 April 13, 2011