Sigma Labs, Inc. Signs a Memorandum of Understanding with Los Alamos National Laboratory to Identify and Commercialize New Technologies for 3D Printing of Metals
SANTA FE, N.M., Aug. 1, 2013 /PRNewswire/ -- Sigma Labs, Inc. (OTCBB:SGLB) announced today that it has signed a Memorandum of Understanding (MOU) with the Technology Transfer Division at Los Alamos National Laboratory covering the technology space of 3D Printing of metals. Mark Cola, President and CEO of Sigma Labs, remarked that "under the MOU, Sigma Labs and Los Alamos National Laboratory will seek to identify existing technologies at Los Alamos that are not currently under exclusive license or otherwise encumbered that may be of significant commercial value in the domain of additive manufacturing or 3D Printing, especially for metals. Los Alamos was one of the first players in the 3D printing of metals back in the mid-1990s. We are therefore very pleased for this opportunity to team with world-class scientists and engineers to seek to identify technologies with potential to improve the quality and speed of current 3D printing processes for metals. Specifically, we are targeting technologies that focus on materials, sensors, and laser systems that could have impact on the further development of 3D printing of metals. We are hopeful that this MOU will lead to an agreement with Los Alamos for the commercialization of specific technologies relating to metal 3D printing."
Pursuant to the MOU, neither Sigma Labs nor Los Alamos is obligated to take any action until a mutually acceptable agreement has been executed by the parties. There can be no assurance, however, that the parties will enter into such a definitive agreement.
About Sigma Labs, Inc.
Sigma Labs, Inc. has two wholly-owned subsidiaries – B6 Sigma, Inc. and Sumner & Lawrence Limited (dba Sumner Associates). B6 Sigma develops precision manufacturing solutions and advanced materials technologies, as well as R&D solutions for first-tier integrators and other commercial firms worldwide. Sumner Associates provide high-level consultants to Federal government and commercial clients seeking productive solutions for emerging and strategic development technologies. Sigma Labs has current contracts with Federal government and private industry clients to provide high-level consultants and develop technologies from their conception through the design, building, and testing of prototype systems. 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.