Sigma Labs Wins Test and Evaluation Program Contract to Accelerate Adoption of In-Process Quality Assurance (IPQA®) for Addi...
January 17 2019 - 8:00AM
Sigma Labs, Inc. (NASDAQ: SGLB) (“Sigma Labs” or the “Company”), a
provider of quality assurance software under the PrintRite3D®
brand, has been awarded a Test and Evaluation Program contract with
a leading global materials and service provider in additive
manufacturing (AM). The program is designed to demonstrate the
value of Sigma’s PrintRite3D® product capabilities and performance
and to validate and quantify the repeatability and variability of
AM production processes. Sigma Labs is installing multiple
PrintRite3D INSPECT 4.0 in-process quality assurance systems
located in the customer’s German and United States facilities under
the Sigma Rapid Test and Evaluation Program. In support of this
program, Sigma Labs will provide hardware, software, training,
engineering and metallurgical consulting and support services. This
contract marks Sigma’s fifth customer since September
2018—including additive manufacturing providers, oil and gas
services and aerospace industry clients—that is conducting various
forms of testing and evaluating its technology.
John Rice, CEO of Sigma Labs, said, “Sigma Labs is deeply
committed to our In-Process Quality Assurance tools, supporting and
moving forward with them. I am confident that this initiative,
which marks our fifth customer signed from diverse industries in
the past four months, will validate our PrintRite3D technology in
commercial-industrial serial manufacturing settings. We believe
that going forward, AM technology will play an increasingly
prominent role in the aerospace, medical, power generation/energy,
automotive and tooling/general industries, all areas which are
served by this customer.”
Sigma Labs engineers will work collaboratively in both US and
German locations to validate the use of PrintRite3D INSPECT 4.0 to
improve manufacturing process consistency within the customer’s AM
operations. Specific qualification builds of representative
geometries will be prepared in each location to assess and quantify
machine consistency and variability as well as material process and
parameter development.
About Sigma Labs
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 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 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.
Media Relations Contact: Cheryl SchneiderDGI
Comm212-825-3210cschneider@dgicomm.com
Investor Relations Contact:Bret ShapiroManaging
DirectorCORE IR561-479-8566brets@coreir.com
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