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SANTA FE, N.M., Nov. 14, 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 entered into an agreement with Siemens Industrial Turbomachinery AB of Finspång, Sweden, a unit of Siemens AG (SIEGn.DE), for PrintRite3D® INSPECT® to be installed on a metal printer for evaluation and testing purposes. Additional terms of the agreement were not disclosed.
“It is an honor to announce this new agreement with Siemens for evaluation of our proprietary PrintRite3D® quality assurance software,” said Mark Cola, President and CEO of Sigma Labs. “We’ll provide statistical process control and assure part quality for burner repairs as well as set the stage for productivity optimization. Siemens plays a leading role in applying additive manufacturing across its highly-demanding gas turbine operations. We are proud to assist them in providing the highest quality 3D printed components for such technology applications, where Siemens is continuously working on further process improvements. We look forward to a close and beneficial partnership together.”
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.
About Siemens Industrial Turbomachinery
Siemens Industrial Turbomachinery AB (SIT) in Finspång, Sweden, provides the world with gas turbines and gas turbine based solutions for the sustainable and cost efficient production of electricity, steam and heat. The turbines also work as movers for compressors and pumps, predominantly in the oil and gas business. In February 2016 SIT opened a dedicated workshop for additive manufacturing, development and repairs. The facility specializes in making turbomachinery components for high temperature applications, where accuracy and quality are critical to ensure operational performance. Siemens is a pioneer in the use of Selective Laser Melting (SLM) technology for the manufacture of high-performance metal parts.
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
