Mark Cola Appointed to CTO to Accelerate Technology Advancements at Sigma Labs, Inc.
July 27 2017 - 5:00PM
Sigma Labs, Inc. (NASDAQ:SGLB) (“Sigma Labs” or the “Company”), a
provider of quality assurance software solutions for additive
manufacturing under the PrintRite3D® brand, today announced changes
in senior management. Mr. Cola, who serves as President, has been
appointed as Sigma Labs’ Chief Technology Officer, responsible for
building and implementing the Sigma Labs technological strategy and
guiding key technical advancements towards digitalization in the
context of the Industrial Internet of Things (IIoT). Together with
the other executive team members, Mr. Cola will seek to expand and
grow the Company through next-generation products and key customer
development in a broad range of industries. John Rice, Chairman of
the Board since his appointment in April 2017, will now serve as
Interim CEO, replacing Mark Cola. As Chairman and Interim CEO, Mr.
Rice will oversee Sigma Labs' implementation of internal and
external growth. He brings substantial operating and investment
experience to the tasks.
"Our goal is not only to continue building on our leading market
position in the additive manufacturing space but also to expand our
solutions into the broader domain space of existing manufacturing
environments," said Mark Cola, President and CTO. “Additive
manufacturing continues to provide great potential for
PrintRite3D®, however, our in-process data analytics engine can be
deployed during process manufacturing and in many other existing
manufacturing environments such as laser welding, laser marking and
laser cutting among others. We expect that the next few years will
see increased integration of additive manufacturing with in-process
controls like PrintRite3D®, automation, robotics and, in
collaboration with humans, workstations known as cobotic systems
that will continue to change the landscape of existing
manufacturing environments," Mr. Cola added.
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 Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended (which Sections
were adopted as part of the Private Securities Litigation Reform
Act of 1995). Statements preceded by, followed by or that otherwise
include the words “believe,” “anticipate,” “estimate,” “expect,”
“intend,” “plan,” “project,” “prospects,” “outlook,” and similar
words or expressions, or future or conditional verbs such as
“will,” “should,” “would,” “may,” and “could” are generally
forward-looking in nature and not historical facts. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the Company's
actual results, performance or achievements to be materially
different from any anticipated results, performance or
achievements. The Company disclaims any intention to, and
undertakes no obligation to, revise any forward-looking statements,
whether as a result of new information, a future event, or
otherwise. For additional risks and uncertainties that could impact
the Company’s forward-looking statements, please see the Company’s
Annual Report on Form 10-K (including but not limited to the
discussion under “Risk Factors” therein) filed with the SEC on
March 31, 2017 and which may be viewed at http://www.sec.gov.
Investor Relations Contact:
Bret Shapiro
Managing Director
CORE IR
561-479-8566
brets@coreir.com
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