Sigma Labs Selected by Major International OEM Machine Manufacturer to Deploy Two PrintRite3DÒ Rapid Test and Evaluation Pro...
August 13 2019 - 8:31AM
Sigma Labs, Inc. (NASDAQ: SGLB) (“Sigma Labs” or the
“Company”), a provider of quality assurance software under the
PrintRite3D® brand, has been selected by a major international OEM
machine manufacturer to install the company’s proprietary
PrintRite3D® products. As part of the agreement, the OEM will
complete Sigma’s Rapid Test and Evaluation program and will install
the PrintRite3D® in two different countries for analysis and
proof-of-performance purposes.
Under the program, Sigma Labs will provide
on-site equipment and in-depth technical support teaming with the
OEM to demonstrate PrintRite3D®’s capability to boost 3D Metal
Additive Manufacturing Machine (“AM") performance to significantly
improve and sustain machines’ yield of high quality parts by
providing in-process third party, independent quality assurance.
The objective of the two RTEs is to prove a business use case
on-site that clearly demonstrates the value of PrintRite3D INSPECT®
to characterize materials, differing machines, product-specific
processes, and provide a logical starting point for Sigma and the
OEM to work more closely together in the future.
John Rice, Chairman and CEO of Sigma Labs, said,
“Having this opportunity to install two PrintRite3D® Rapid Test and
Evaluation units with an OEM that is one of the most respected
machine manufacturers in the world, renowned for the precision and
quality of its equipment is an important benchmark for Sigma
Labs.
“Moreover, this OEM is one of the most renowned
brands in the industry and has long been a leading pioneer of
in-process machine quality and process controls on a vast number of
its high precision manufacturing machines even before the company’s
diversification into additive manufacturing, so we believe that our
in-process tools are an excellent fit to both the technology and
very high quality culture of this great company. We look forward to
providing a granular update on our progress after the conclusion of
the RTE program in the fourth quarter of 2019,” concluded
Rice.
PrintRite3D is an in-process-quality-assurance
tool that monitors the laser meltpool in order detect precursors
and avert quality discontinuities. The OEM partner is one of the
most renowned brands in the industry and has long been a leading
pioneer of in-process machine quality and process controls on a
vast number of high precision manufacturing machines even before
its diversification into additive manufacturing.
About the OEMAs a global
machine manufacturer with many decades of experience in the
manufacturing of high precision and high-volume metal processing
machines, the OEM represents innovative manufacturing technologies
and worldwide service. The Company’s AM product line includes
specialized equipment developed for volume production.
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.
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
April 17, 2018 and which may be viewed at http://www.sec.gov.
Investor Relations Contact:Chris TysonManaging
DirectorMZ North America949-491-8235SGLB@mzgroup.us
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