SGLBW Sigma Labs Inc

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 Technology Development Agreement (TDA) with OXYS Corporation (www.oxyscorp.com), a technology company in Cambridge, MA working in the Industrie 4.0 space.  The first project to be executed under the TDA will be a new architecture platform for the Company's PrintRite3D® INSPECT. The Company expects that the completed project will allow for miniaturization of the sensor/hardware PrintRite3D® product, enhancements to the level of hardware/software integration moving it towards board-level integration, as well as broaden the market reach of the Company's PrintRite3D® technology to the Smart Factory and the larger Digital Enterprise, including polymer-based 3D printing.

Mark Cola, CEO of Sigma Labs, observed that “Industrie 4.0 is so named because it represents the fourth industrial revolution and a new way of thinking of both the factory as well as the broader digital enterprise. The first three industrial revolutions brought us mechanization, mass production, and computerization respectively. Industrie 4.0 represents the complete interconnectedness of the digital enterprise across multiple dimensions. Internal to the organization, there is a single digital thread linking the highest enterprise level applications and decisions to the lowest shop floor sensor data.  Externally facing the customer, there is unprecedented continuity and quality of customer experience as well as visibility and transparency, again facilitated by the ubiquitous presence of cyber-physical objects seamlessly bridging digital and physical worlds. Our collaboration with OXYS represents a first but important step for Sigma Labs to enter this broader world of applications, markets, and value creation for our customers.”

Giro DiBiase, CEO of OXYS Corporation, added “OXYS Corporation is a Cambridge, MA based startup which fully leverages the tremendous innovation ecosystem of Cambridge and such universities as MIT, Harvard, Boston University, Tufts, Northeastern, among others. We have an outstanding founding group with deep roots and connectivity to this ecosystem, and access to the best software talent on the planet.   As a first step with Sigma Labs, we plan to work on an Industrie 4.0 compatible version of their solutions for Additive Manufacturing. Then we will work with them to significantly expand market presence and opportunities to many other processes in the manufacturing and smart factory domain.”

Mark Cola summarized by observing that, “this collaboration brings together two great innovation traditions: the DOE National Labs and MIT and Cambridge. Sigma Labs has roots in the National Labs, and OXYS has roots at MIT and Cambridge. Together we will bring together best in class talent for the purpose of expanding into new markets, creating new revenue opportunities for both companies, and creating significant value for our customers and investors.”

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