SANTA FE, N.M., Dec. 16, 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 it has signed a Joint Technology Development Agreement (JTDA) with Metronic Systems, LLC of Snoqualmie, WA. The JTDA sets forth the parties' intent to collaborate commercially and technically in the production and marketing of precision 3D measurement products related to metal-based additive manufacturing.
Mark Cola, President and Chief Executive Officer of Sigma Labs, Inc. stated that, "Sigma Labs continues to stay focused on the three problems that are plaguing metal 3D printing for high end components: quality, geometry, and productivity. For addressing quality issues we continue to be successful in implementing our PrintRite3D INSPECT™ product with marquis customers in aerospace. For complex geometries and critical parts like those for aerospace, biomedical and defense parts, it is currently very difficult to measure the geometry of the part after it is built. Complex internal passageways make it difficult to scan the outside of the part. Currently, the only way to inspect a 3D part is after the printing process is complete and with X-Ray CAT scanning. This is very expensive, takes a long time, and could cost more to inspect the part than it costs to make the part. Our PrintRite3D® DEFORM™ module will measure parts as they are being built so the user does not have to wait until the end of the process and could save money by avoiding expensive post-process inspection technologies."
Robert Genise, Chief Executive Officer of Metronic Systems, added that, "Metronic has a long and distinguished history of innovation in the field of precision 3D measurement and analysis. We are pleased to work with Sigma Labs to help bring this potentially game-changing 3D inspection technology to market."
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.
About Metronic Systems, LLC
Metronic Systems, LLC was originally created in 1997 to address Boeing's need for fast, accurate non-contacting measurement of precision aircraft parts. The result of Boeing's initiative is Metronic's patented optical laser scanning technology, which provides ultra-fast, highly accurate 3D measurement of complex parts. For more information please visit: www.metronicsys.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.