Sigma Labs and 3DSIM Sign Technology Development Agreement for Metal AM
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 pursue commercial metal AM software opportunities for rapid qualification and part certification. 3DSIM, based in Park City, Utah, is a provider of simulation software for metal AM processes.
“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, CEO of 3DSIM, added, “We look forward to working with Sigma Labs to develop a suite of software tools for metal powder bed fusion AM. We believe the opportunity for comparing 3DSIM predictions with Sigma Labs’ in-process inspection data will provide game-changing capabilities to AM users. Bringing 3DSIM’s modeling capabilities together with Sigma Labs' IPQA® technology will help overcome the single biggest hurdle to wide-scale adoption of additive 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 focused on the simulation of Additive Manufacturing processes. 3DSIM software provides machine users, part designers, system manufacturers, and researchers accurate predictions for how changes to process conditions, material or geometry affect part outcomes. 3DSIM was founded by innovators from academia, seasoned software professionals, and AM industry leaders to provide unprecedented insight into metal 3D Printing processes. Additional information can be found at www.3dsim.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." 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.