Sigma Labs Wins Contract with Solar Turbines Incorporated
April 18 2017 - 8:00AM
Sigma Labs, Inc. (OTCQB:SGLB) (“Sigma Labs” or the “Company”), a
provider of quality assurance software under the PrintRite3D®
brand, today announced that it has received a contract from Solar
Turbines Incorporated, a subsidiary of Caterpillar Inc. (NYSE:CAT)
located in San Diego, California. Solar Turbines will implement
Sigma Labs’ In-Process Quality Assurance™ (IPQA®) technology for
the production of gas turbine components using metal additive
manufacturing (“AM”). The division makes mid-size industrial
turbines for use in electric power generation, gas compression, and
pumping systems. Sigma Labs will initially install its PrintRite3D®
software on a 3D Systems’ ProX300 machine, with the potential for
multiple system orders as the company ramps up to full serial
production.
"We’re excited to work with Solar Turbines and
help them expand their use of additive manufacturing, particularly
for power generation components,” said Mark Cola, President and
Chief Executive Officer of Sigma Labs. “In addition, 3D Systems is
one of the largest OEMs of AM equipment worldwide, and this marks a
great opportunity for us to showcase our technology on a new
machine as well as new industrial applications. By demonstrating
our PrintRite3D® software to Solar Turbines, we’re expanding Sigma
Labs’ customer base and market penetration while continuing to
validate our unique capabilities in real world environments. We
look forward to working with Solar Turbines as they pursue
qualification and production certification for precision metal
components using additive manufacturing.”
Solar Turbines is a wholly owned subsidiary of
Caterpillar Inc., with approximately 8,500 employees, and is a
leading industrial gas turbine OEM. More than 15,300 Solar Turbines
units, operating in 100 countries, account for over 2.4 billion
hours of operating experience. Solar Turbines has over 60 years of
experience with the design, development and commercialization of
industrial gas turbines and turbomachinery products.
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.
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. 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:
Scott Gordon
President
CORE IR
scottg@coreir.com
516 222 2560
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