Sigma Additive Solutions Retains Lake Street Capital Markets to Explore Strategic Alternatives to Enhance Shareholder Value
March 01 2023 - 8:31AM
Business Wire
Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma," "we,"
"our," or the "Company"), a leading developer of quality assurance
software to the commercial 3D printing industry, today announced
that it has retained Lake Street Capital Markets as its financial
advisor in connection with the Company's consideration of a range
of strategic alternatives designed to enhance shareholder value,
including a possible strategic investment, acquisition, merger,
business combination, or similar transaction.
There can be no assurance that this process will result in the
Company pursuing a transaction or that any transaction, if pursued,
will be completed. The Company has not set a timetable for
completion of this process and does not intend to comment further
unless or until the Board of Directors has approved a definitive
course of action, the process has concluded, or it is determined
that other disclosure is appropriate.
About Sigma Additive Solutions
Sigma Additive Solutions, Inc. is a leading provider of
in-process quality assurance (IPQA™) solutions to the additive
manufacturing industry. Sigma specializes in the development and
commercialization of real-time monitoring and analytics known as
PrintRite3D® for 3D metal and polymer advanced manufacturing
technologies. PrintRite3D detects and classifies defects and
anomalies real-time during the manufacturing process, enabling
significant cost-savings and production efficiencies by reducing
waste, increasing yield, and shortening cycle times. Sigma believes
its software solutions will be a major catalyst for the
acceleration and adoption of industrial 3D printing. For more
information, please visit www.sigmaadditive.com.
Forward-Looking Statements
This 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. Among the important factors
that could cause actual results to differ materially from those
indicated by such forward-looking statements are risks relating to,
among other things, general financial market and economic
conditions, Sigma’s business and financial condition, Sigma’s
ability to satisfy its capital needs through increasing its revenue
and obtaining additional financing, and general industry or
political conditions in the United States or internationally. Sigma
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 Sigma’s forward-looking statements,
please see disclosures contained in Sigma's public filings with the
SEC, including the "Risk Factors" in Sigma's Annual Report on Form
10-K, and which may be viewed at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20230301005428/en/
Sigma Additive Solutions Contact Chris Tyson Executive
Vice President MZ Group - MZ North America 949-491-8235
SASI@mzgroup.us www.mzgroup.us
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