Sigma Labs Signs Technology Cooperation Agreement with Additive Industries
SANTA FE, N.M., Dec. 10, 2014 /PRNewswire/ -- Sigma Labs, Inc. (OTCQB: SGLB) ("Sigma Labs" or the "Company"), a developer of advanced, in process, non-destructive quality inspection systems for metal-based additive manufacturing and other advanced manufacturing technologies, today announced that it has signed a technology cooperation agreement with Additive Industries B.V. Based in the Netherlands, privately-held Additive Industries is at the forefront of developing next-generation 3D printing equipment. Additive Industries utilizes a shared "AddLab" with a number of industrial partners to design improved, integrated, and functional additive manufacturing applications.
"Teaming with Additive Industries will bring Sigma Labs closer to other companies working towards the goal of improved, reliable, high-volume additive manufacturing," said Mark Cola, President and Chief Executive Officer of Sigma Labs. "The technology agreement serves to increase collaboration around shared objectives in the 3D printing space, and our PrintRite3D® quality assurance software will be tested with equipment currently being developed by Additive Industries. We look forward to working hand-in-hand with them to continue advancing the 3D printing revolution."
"Cooperating with Sigma Labs allows Additive Industries to improve the predictability of the 3D print process, which is critical to advanced applications in markets like aerospace, medical technology, and high-tech equipment," added Daan Kersten, CEO of Additive Industries.
About Sigma Labs, Inc.
Sigma Labs, Inc., through its wholly-owned subsidiary B6 Sigma, Inc., develops and engineers advanced, in-process, non-destructive quality inspection systems for commercial firms worldwide seeking productive solutions for metal-based additive manufacturing, or 3D printing, and other advanced manufacturing technologies. For more information please visit www.sigmalabsinc.com.
About Additive Industries B.V.
Additive Industries is developing next generation 3D printing equipment and solutions for demanding industrial applications. In an open innovation environment, Additive Industries works closely together with experts in their field to bring additive manufacturing from lab to fab. Additional information can be found at www.additiveindustries.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 and documents subsequently filed by the Company with the Securities and Exchange Commission. 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.
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SOURCE Sigma Labs, Inc.
Released December 10, 2014