SANTA FE, N.M., Sept. 1, 2015 (GLOBE NEWSWIRE) — 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 begun a program to accelerate adoption of the Company’s groundbreaking PrintRite3D® quality assurance software for 3D printing. Sigma Labs has already won a contract under this initiative – its Early Adopter Program (“EAP”) – with Spartacus3D, a unit of France’s Farinia Group.
Sigma Lab’s EAP is being offered to qualified customers around the globe, allowing early access to participate in evaluation and trial of the Company’s software and engineering services. Sigma Labs will accept entrants in the program through the end of 2015; customers who contract with Sigma Labs during this period will enjoy packaged pricing incentives as well as service, support and upgrades for the duration of their EAP schedule (one year from the date of installation). Participating companies will obtain a non-exclusive license to use the complete suite of PrintRite3D® software modules – INSPECT™, DEFORM™ and ANALYTICS™ – for one price, with locked-in preferred rates for future product license purchases.
“Our Early Adopter Program, spearheaded by our Vice President of Business Development, Ron Fisher, has been constructed to introduce Sigma Labs to a broader arrange of companies and, in so doing, entice early adoption of our advanced PrintRite3D® software for AM production wordwide,” said Mark Cola, President and CEO of Sigma Labs. “We are now in active discussions with a number of entities across the globe about our EAP, which we believe will serve to accelerate revenue growth going forward. As with any new technology, it takes time to initially win customers and demonstrate the benefits of an application, and so we are offering an attractive package to first-time users that will include pricing incentives and long-term service agreements – which will also help us improve future versions of our software. So it is mutually beneficial for us and our customers, and we are very pleased to announce that Spartacus3D, a leading French AM service provider, has already signed up.”
About Sigma Labs, Inc.
Sigma Labs, Inc., through its wholly-owned subsidiary B6 Sigma, 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.
Spartacus3D, a newly-established additive manufacturing division of the Farinia Group, offers engineering, consulting, and contract additive manufacturing services to a host of industries, with customers throughout Europe. The company manufactures components with high-quality metal powder through selective laser melting. For more information please visit http://www.farinia.com/companies/spartacus3d.
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.
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