SANTA FE, N.M., Sept. 23, 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 the Company has
joined the Additive Manufacturing Consortium (AMC) run by the
Edison Welding Institute (EWI). The AMC is a group of leading
industry, government, academic, and non-profit research
organizations working to accelerate and advance the commercial
readiness of metal additive manufacturing technology.
Separately, Sigma Labs received an initial contract from the EWI
as part of the previously-announced grant from the U.S. Department
of Commerce's National Institute of Standards and Technology (NIST)
for the development of in-process sensing and monitoring
capabilities to ensure consistent quality in 3D printing. The
grant, worth $5 million in total, was
awarded to a group of universities, laboratories, and companies in
the field of additive manufacturing; Sigma Labs' contract will
evaluate the Company's PrintRite3D® technology for monitoring and
control applications.
"I am very pleased to announce that Sigma Labs is now part of
the AMC, considered the foremost group of organizations in additive
manufacturing," said Mark Cola,
President and Chief Executive Officer of Sigma Labs. "The AMC
includes many prominent industrial, aerospace, and defense
companies, and this offers us the opportunity for technology
collaboration as well as business development. In addition, we are
providing the AMC with a PrintRite3D® system to be installed on an
EOS Model 280 machine for testing and to expand the EWI's materials
database.
"The award of our first contract from the EWI, under the
auspices of the NIST contract, positions Sigma Labs for further
demonstration of our unique systems for improved quality control in
additive manufacturing. We look forward to working with the EWI on
these and other initiatives going forward."
Additional information about EWI and the AMC can be found at
www.ewi.org/additive-manufacturing-consortium.
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 us at www.sigmalabsinc.com.
Forward-Looking Statements
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.