SANTA FE, N.M. – January 27, 2016 – 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 (“AM”) and other advanced manufacturing technologies, today announced that it has entered into a technology development agreement with 3DSIM to evaluate commercial metal AM software opportunities for rapid qualification and part certification. 3DSIM, based in Park City, Utah, is a provider of simulation software for enhanced metal powder bed fusion AM.
“Sigma Labs is pleased to announce this agreement with such an innovative organization as 3DSIM,” said Mark Cola, President and CEO of Sigma Labs. “We believe our solutions are complementary and ultimately serve to enable the ability to fully certify AM-manufactured parts and thus reliably print them on demand. We will provide an overview of this collaboration at the AMC Winter Meeting of the EWI, to be held February 10-11 at 3DSIM’s offices in Park City. We continue to expand our presence and are setting the stage for higher growth going forward, as our customers gain confidence in our In-Process Quality Assurance™ (IPQA®) approach to guaranteeing quality on any AM part produced.”
Dr. Brent Stucker, chief executive officer and a co-founder of 3DSIM, added, “We look forward to working with industry leader Sigma Labs to develop the best software tools for metal powder bed fusion AM. Bringing 3DSIM’s modeling capabilities together with Sigma Labs’ IPQA® technology will help overcome the single biggest hurdle to wide-scale adoption of AM manufacturing – qualification of AM-produced parts.”
About Sigma Labs, Inc.
Sigma Labs, 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 www.sigmalabsinc.com.
About 3DSIM LLC
3DSIM is a software company that provides products and services initially focused on the simulation of Additive Manufacturing processes. Based upon years of work by the world’s leading researchers in AM, 3DSIM is building software solutions to provide unprecedented insight into metal 3D printing processes. 3DSIM was founded by industry innovators from academia, seasoned software professionals, and AM industry leaders; 3DSIM solutions are an extension of intellectual property licensed from the University of Louisville. Additional information can be found at www.3dsim.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’s 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 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
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646-438-9385