SANTA FE, N.M., Dec. 26, 2013 /PRNewswire/ -- Sigma Labs, Inc. (OTCBB: SGLB), a developer of advanced, real-time, non-destructive quality inspection systems for 3D metal printing and other advanced manufacturing technologies, today announced that it delivered two of its PrintRite3D® quality assurance systems for 3D metal printing to a leading aerospace company. Sigma Labs expects to generate up to $975,000 in revenues during 2014 as the PrintRite3D® systems undergo test and evaluation. PrintRite3D® is Sigma Labs' patented and proprietary product that quickly assesses the quality of a part during the production process using 3D printing, by using real-time data as opposed to waiting for costly post-process inspection. Therefore, PrintRite3D® eliminates the current problem in 3D printing of high inspection costs for critical 3D printed metal parts, thereby enabling additional applications of Sigma Labs' technology to industries other than the aerospace industry which are presently too cost-sensitive for the current technology's price point.
Mark Cola, President and Chief Executive Officer of Sigma Labs, stated that: "This important delivery is the result of our determined commercialization efforts as we transition to production during 2014. We expect additional PrintRite3D® business from this customer as well as with a variety of major aerospace companies over the near term. We look forward to helping all our customers achieve their critical quality control goals for 3D metal printed parts."
About Sigma Labs, Inc.
Sigma Labs, Inc., through its wholly-owned subsidiary B6 Sigma, Inc., develops and engineers advanced, real-time, non-destructive quality inspection systems for commercial firms worldwide seeking productive solutions for 3D metal printing and other advanced manufacturing technologies. Sigma Labs' other wholly-owned subsidiary, Sumner & Lawrence Limited, provides high-level scientific consultants to Federal government clients seeking productive solutions for emerging and strategic development 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.