Sigma Labs Awarded Contract with Laser Zentrum Nord GmbH For PrintRite 3D® to Certify its IPQA® Methodology for Serial Prod...
December 22 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 received a contract from Laser
Zentrum Nord (LZN) GmbH, a leading Additive Manufacturing (AM)
technology and research innovator located in Hamburg, Germany for
PrintRite 3D INSPECT®. Terms of the contract have not been
disclosed.
The two companies have also agreed to actively collaborate to
certify Sigma’s IPQA® methodology and solutions for serial
production 3D printing in the aerospace industry. The PrintRite3D®
system will be installed onto a SLM Solutions selective laser
melting machine located at Laser Zentrum Nord GmbH in Hamburg,
Germany.
“Advancements of 3D metal printing into production have been
hampered by the inability to identify, monitor and mitigate defects
during the printing process,” said John Rice, Chief Executive
Officer of Sigma Labs. “We’re excited to work with Laser Zentrum
Nord GmbH on the in- process dynamic behaviors that cause defects
and to demonstrate and document how our PrintRite3D IPQA® software
addresses and solve these problems. This contract further validates
Sigma Labs’ position as a leader in third party, platform
independent quality assurance for the metal additive manufacturing
industry.”
This instillation will add an additional machine
platform to Sigma Labs’ successes for the deployment of Sigma Labs’
PrintRite 3D® quality assurance technology.
About Sigma LabsSigma 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 Laser Zentrum Nord GmbH
The Laser Zentrum Nord GmbH, founded in 2009, pursues the goal
of decisively promoting knowledge and technology transfer from
basic research to industrial application. Their objective is to
decisively improve, facilitate and accelerate the transfer of
knowledge and technology from basic research to industrial
application. The LZN serves as a link between basic research and
application in an effort to strengthen company’s completive
position within their respective industries.
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
ShapiroManaging DirectorCORE IR561-479-8566 brets@coreir.com
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