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SANTA FE, N.M., Feb. 12, 2019 (GLOBE NEWSWIRE) -- Sigma Labs, Inc. (NASDAQ: SGLB) (“Sigma Labs” or the “Company”), a provider of quality assurance software under the PrintRite3D® brand, was named a member of the Additive Alliance of Fraunhofer IAPT, a leading network for Additive Manufacturing (AM). As the first US company to be granted a membership in the Alliance, Sigma Labs becomes part of the global research consortium to advance the development and implementation of AM. The memberships enables Sigma Labs to demonstrate the PrintRite3D technology to key players in the market of metal AM.
John Rice, CEO of Sigma Labs, said, “Being a member of the Additive Alliance of Fraunhofer IAPT is another meaningful milestone for Sigma Labs. Working together with the Alliance and its members who encompass leading companies, OEMs, service providers and machine manufacturers, we look forward to helping build the future of additive manufacturing. We strongly believe that our PrintRite3D technology will play a major role in quality assurance of AM.”
“We are happy to welcome Sigma Labs as a new member of our Additive Alliance and to strengthen the competences of the network in the field of quality assurance in AM. In-Process quality assurance will be a key enabler for industrialization of AM,” said Antje Vosshenrich, head of the Additive Alliance at Fraunhofer IAPT.
In an earlier Press Release, Sigma Labs and Fraunhofer IAPT announced a collaborative research and development agreement to test and validate the use of the PrintRite3D’s In-Process-Quality-Assurance suite to identify and quantify machine and process inconsistencies as well as to define in-process defect thermal signatures in the part formation process and correlate them to CT scan results.
About the Fraunhofer IAPT Additive Alliance
The Additive Alliance of Fraunhofer IAPT (https://www.iapt.fraunhofer.de/de/leistungen/additive-alliance.html) is a leading network for additive manufacturing. Alliance members profit from the experience of the first industry and research network of its kind for additive manufacturing; combine knowledge from various fields of business and develop innovative solutions; find solutions along the entire process chain with more than 30 members contributing the necessary experience; get access to the online knowledge base of the Additive Alliance that contains the results and materials from all previous Additive Alliance events; and use the research possibilities of the network and actively design the collective research road map of the network.
About Sigma Labs
Sigma Labs, Inc. is a provider of quality assurance software under the PrintRite3D® brand and a developer of advanced, in-process, non-destructive quality assurance software for commercial firms worldwide seeking productive solutions for advanced manufacturing. For more information please visit us at www.sigmalabsinc.com.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Annual Report on Form 10-K (including but not limited to the discussion under “Risk Factors” therein) filed with the SEC on April 17, 2018 and which may be viewed at http://www.sec.gov.
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