SANTA FE, N.M., Sept. 10, 2012 /PRNewswire/ -- Sigma Labs, Inc. (OTCBB: SGLB) announced today that it will release, later this month, the first module of PrintRite3D™ – a cutting-edge software and hardware suite of products that enables production of higher quality 3D-printing of metal parts for critical applications in the aerospace, defense, oil and gas, and biomedical markets. We also expect that our PrintRite3D™ will reduce manufacturing expenses and virtually eliminate costly post-manufacturing inspections. The overall 3D printing (Additive Manufacturing) industry is currently dominated by the making of plastic parts (e.g., 3D Systems Corporation), however the growth of precision-made metal parts is expanding rapidly at a pace of double digit percentages (Wohlers Report 2012).
Mark Cola, the President of Sigma Labs, stated, "it is much more difficult to 3D-print metal parts than plastic parts because they must meet very demanding engineering specifications. PrintRite3D™ is a suite of quality assurance tools that we expect will enable AM manufacturers to meet the rigorous requirements of metal parts for critical applications, and allow end users to use AM metal parts with confidence. The PrintRite3D™ suite of software and sensors are designed to guarantee that part quality can be monitored in real time and to report any anomalies during production further enabling lights-out production or minimal worker presence on-site."
Mr. Cola added, "we are in partnering discussions with a major 3D manufacturer of metal parts and are confident that by the end of 2012 we will enter into an arrangement simultaneously with the roll out of our PrintRite3D™ suite of products."
About Sigma Labs, Inc.
Sigma Labs, Inc. comprises three wholly-owned subsidiaries, including B6 Sigma, Inc., Sumner & Lawrence Limited (dba Sumner Associates) and La Mancha Company. These entities provide high-level consultants and develop advanced manufacturing and materials technologies and R&D solutions for first-tier integrators like General Electric, Boeing, Honeywell, Pratt & Whitney, and other commercial firms around the globe. 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 by integrating sensing, software, materials and manufacturing technology risk-reduction solutions. Visit Sigma Labs at www.sigmalabsinc.com.
This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. 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 and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. The forward-looking statements in this news release are made only as of the date of this news 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.