Sigma Labs Featured in Discussion of Full Promise of 3D-Printing Technology
NEW YORK, Dec. 05, 2019 (GLOBE NEWSWIRE) -- via NetworkNewsAudio – Sigma Labs Inc. (NASDAQ: SGLB) announces the availability of a broadcast titled, “Unleashing the Disruptive Forces of 3D Printing.”
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PrintRite3D 5.1 uniquely leverages thermal signatures to monitor the quality of each product part in the production process, layer by layer and in real time. This allows operators to correct or stop production of a defective part, resulting in reduced error rates and higher yields. This incredibly sophisticated and powerful technology may hold enormous potential value.
To date, Sigma Labs Inc. (NASDAQ: SGLB) has engaged 19 beta customers, including many of the biggest names in the industry, with more evaluation programs likely to follow. Two of these programs have already awarded Sigma Labs Phase 2 contracts for its rapid test and evaluation program, the last step before full commercial orders. The first Phase 2 contract, revealed on the Q3 earnings call, was awarded by Baker Hughes; the second contract was recently awarded by IAPT.
About Sigma Labs
Sigma Labs Inc. (NASDAQ: SGLB) is an emerging provider of quality assurance software to the commercial 3D printing industry under the PrintRite3D® brand. Founded in 2010, Sigma is a software company that specializes in the development and commercialization of real-time computer aided inspection (“CAI”) solutions known as PrintRite3D for 3D advanced-manufacturing technologies. Sigma Labs’ advanced, computer-aided software product revolutionizes commercial additive manufacturing, enabling nondestructive quality assurance mid-production, uniquely allowing errors to be corrected in real time. For more information, please visit www.SigmaLabsInc.com.
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This 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Released December 5, 2019