Company Also Secures Initial Contract for NIST ProgramSANTA FE, N.M., Sept. 23, 2014 — (PRNewswire) — Sigma Labs, Inc. (OTCQB: SGLB) ("Sigma Labs" or the "Company"), a developer of advanced, in process, non-destructive quality inspection systems for metal-based additive manufacturing and other advanced manufacturing technologies, today announced that the Company has joined the Additive Manufacturing Consortium (AMC) run by the Edison Welding Institute (EWI). The AMC is a group of leading industry, government, academic, and non-profit research organizations working to accelerate and advance the commercial readiness of metal additive manufacturing technology.
Separately, Sigma Labs received an initial contract from the EWI as part of the previously-announced grant from the U.S. Department of Commerce's National Institute of Standards and Technology (NIST) for the development of in-process sensing and monitoring capabilities to ensure consistent quality in 3D printing. The grant, worth $5 million in total, was awarded to a group of universities, laboratories, and companies in the field of additive manufacturing; Sigma Labs' contract will evaluate the Company's PrintRite3D® technology for monitoring and control applications.
"I am very pleased to announce that Sigma Labs is now part of the AMC, considered the foremost group of organizations in additive manufacturing," said Mark Cola, President and Chief Executive Officer of Sigma Labs. "The AMC includes many prominent industrial, aerospace, and defense companies, and this offers us the opportunity for technology collaboration as well as business development. In addition, we are providing the AMC with a PrintRite3D® system to be installed on an EOS Model 280 machine for testing and to expand the EWI's materials database.
"The award of our first contract from the EWI, under the auspices of the NIST contract, positions Sigma Labs for further demonstration of our unique systems for improved quality control in additive manufacturing. We look forward to working with the EWI on these and other initiatives going forward."
Additional information about EWI and the AMC can be found at www.ewi.org/additive-manufacturing-consortium.
About Sigma Labs, Inc.
Sigma Labs, Inc., through its wholly-owned subsidiary B6 Sigma, Inc., develops and engineers advanced, in-process, non-destructive quality inspection systems for commercial firms worldwide seeking productive solutions for metal-based additive manufacturing or 3D printing, and other advanced manufacturing technologies. For more information please visit us at www.sigmalabsinc.com.
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." Our forward-looking statements are subject to a number of risks, uncertainties and assumptions that could adversely affect us, including the risks set forth in our 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. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Sigma Labs, Inc.
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