Sigma Labs Forms Strategic Alliance with Jaguar Precision Machine
March 15 2017 - 8:00AM
Sigma Labs, Inc. (NASDAQ:SGLB) (“Sigma Labs” or the “Company”), a
provider of quality assurance software under the PrintRite3D®
brand, today announced that it has signed a commercial alliance
with Jaguar Precision Machine Corporation (“Jaguar”) to expand its
suite of integrated, advanced manufacturing services recently
strengthened by the commercial alliance with Morf3D of El Segundo,
CA. The addition of Jaguar allows Sigma Labs to provide
end-to-end 3D advanced component manufacturing capabilities,
including: computer aided design (CAD); engineering (CAE);
manufacturing (CAM); and inspection (CAI). Jaguar is a precision
prototype machining facility located in Albuquerque, NM. Leveraging
Sigma Labs’ 3D printing capability and PrintRite3D® quality
assurance software, Jaguar will be able to provide increased
production rates while ensuring consistent part quality. The two
companies will also work together to manufacture 3D printed parts
requiring exacting precision to demanding specifications, with
contracts expected in 2017.
“We're pleased to announce a partnership
agreement with another innovative company in the A&D space,
Jaguar Precision Machine,” said Mark Cola, President and CEO of
Sigma Labs. “Due to the growth in demand for high-precision,
high-quality metal components within this industry, we’ve decided
to join forces to better serve a number of OEMs with their
next-generation applications. Working together, we can design,
engineer, manufacture, and assure the quality of AM components
across a number of exciting A&D applications. The team of
companies – Sigma Labs, Jaguar Precision Machine, and Morf3D – now
have the capability to deliver additional services to a broad
customer base."
Dan Schatzman, CEO/Owner of Jaguar, added,
“Partnering with Sigma Labs is a critical step for Jaguar in
developing our branded ‘3D Advanced Manufacturing Ecosystem™’
capabilities. Sigma Labs’ proprietary PrintRite3D® software will
enable us to offer our customers high-quality 3D printed parts for
end use A&D components, and we believe our combined expertise
will give our customers the best solutions for additive
manufacturing.”
About Sigma Labs, Inc. Sigma
Labs, Inc. is a provider of quality assurance software under the
PrintRite3D® brand and a developer of advanced, in-process,
non-destructive quality assurance software for commercial firms
worldwide seeking productive solutions for advanced manufacturing.
For more information please visit us at
www.sigmalabsinc.com.
About Jaguar Precision
MachineJaguar is a privately held corporation
headquartered in Albuquerque, NM. The company specializes in
advanced manufacturing for high-precision components for aerospace
and defense applications requiring exacting compliance. Jaguar has
been supplying the aerospace and defense community for 25 years
with particular attention to national defense components and is ISO
9001 registered, and an ITAR approved supplier. For more
information, please visit www.jaguarpm.com
Forward-Looking StatementsThis
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." These
forward-looking statements are subject to a number of risks,
uncertainties and assumptions that could adversely affect us,
including the risks set forth in Sigma Labs' most recent annual
report on Form 10-K and other filings 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. Sigma
Labs undertakes no obligation to update any of these
forward-looking statements, whether as a result of new information,
future events or otherwise.
Investor Relations Contact:
Chris Witty
cwitty@darrowir.com
646-438-9385
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