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SANTA FE, N.M., Sept. 29, 2016 -- Sigma Labs, Inc. (OTCQB: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 Honeywell Aerospace under the previously-announced “America Makes” additive manufacturing (“AM”) research project with GE Aviation. The program, funded by the National Additive Manufacturing Innovation Institute (NAMII), uses Sigma Labs’ proprietary In-Process Quality Assurance™ (IPQA®) software for advanced AM monitoring and inspection. Under this contract, Sigma Labs and Honeywell will further demonstrate the benefits of IPQA® using Sigma Labs’ PrintRite3D® software. Terms of the award were not disclosed. Separately, Sigma Labs will participate with Honeywell on its contract with America Makes for Design of Additive Manufacturing of Laser Powder Bed Production of Aerospace Components.
“Working alongside Honeywell on these America Makes programs allows Sigma Labs to showcase the features of our unique PrintRite3D® quality assurance software,” said Mark Cola, President and CEO of Sigma Labs. “These are opportunities for Sigma Labs to demonstrate its unique capabilities within the aerospace industry – particularly as part of initiatives for topology optimization of 3D designed parts as well as demonstrate rapid qualification of 3D-printed components. We look forward to delivering on these programs in 2016 and appreciate the trust that Honeywell Aerospace continues to place in Sigma Labs.”
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 Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." These forward-looking statements are subject to a number of risks, uncertainties and assumptions that could adversely affect us, including the risks set forth in Sigma Labs' most recent annual report on Form 10-K. The forward-looking statements in this press release are made only as of the date of this press release. Sigma Labs undertakes no obligation to update any of these forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact: Chris Witty [email protected] 646-438-9385
