SANTA FE, N.M., March 15, 2017 (GLOBE NEWSWIRE) -- Sigma Labs, Inc. (NASDAQ:SGLB) (“Sigma Labs” or the “Company”), a provider of quality assurance software under the PrintRite3D® brand, today announced that it has signed a commercial alliance with Jaguar Precision Machine Corporation (“Jaguar”) to expand its suite of integrated, advanced manufacturing services recently strengthened by the commercial alliance with Morf3D of El Segundo, CA. The addition of Jaguar allows Sigma Labs to provide end-to-end 3D advanced component manufacturing capabilities, including: computer aided design (CAD); engineering (CAE); manufacturing (CAM); and inspection (CAI). Jaguar is a precision prototype machining facility located in Albuquerque, NM. Leveraging Sigma Labs’ 3D printing capability and PrintRite3D® quality assurance software, Jaguar will be able to provide increased production rates while ensuring consistent part quality. The two companies will also work together to manufacture 3D printed parts requiring exacting precision to demanding specifications, with contracts expected in 2017.
“We're pleased to announce a partnership agreement with another innovative company in the A&D space, Jaguar Precision Machine,” said Mark Cola, President and CEO of Sigma Labs. “Due to the growth in demand for high-precision, high-quality metal components within this industry, we’ve decided to join forces to better serve a number of OEMs with their next-generation applications. Working together, we can design, engineer, manufacture, and assure the quality of AM components across a number of exciting A&D applications. The team of companies – Sigma Labs, Jaguar Precision Machine, and Morf3D – now have the capability to deliver additional services to a broad customer base."
Dan Schatzman, CEO/Owner of Jaguar, added, “Partnering with Sigma Labs is a critical step for Jaguar in developing our branded ‘3D Advanced Manufacturing Ecosystem™’ capabilities. Sigma Labs’ proprietary PrintRite3D® software will enable us to offer our customers high-quality 3D printed parts for end use A&D components, and we believe our combined expertise will give our customers the best solutions for additive manufacturing.”
About Sigma Labs, Inc.
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.
About Jaguar Precision Machine
Jaguar is a privately held corporation headquartered in Albuquerque, NM. The company specializes in advanced manufacturing for high-precision components for aerospace and defense applications requiring exacting compliance. Jaguar has been supplying the aerospace and defense community for 25 years with particular attention to national defense components and is ISO 9001 registered, and an ITAR approved supplier. For more information, please visit
www.jaguarpm.com
Forward-Looking Statements
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 Labs' most recent annual report on Form 10-K and other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are made only as of the date of this press release. Sigma Labs undertakes no obligation to update any of these forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact: Chris Witty cwitty@darrowir.com 646-438-9385
