Sigma Labs (NASDAQ: SGLB)
, a leading developer of quality assurance software for the commercial 3D metal printing industry, has issued a shareholder letter from the company president CEO Mark K. Ruport. In the letter, Ruport outlines several company highlights and discusses the global acceleration of 3D metal printing and recent funding achievements. He also notes that newly added resources position the company to leverage worldwide distribution partnerships. Ruport observes that even thought 2020 was a year dominated by the global COVID-19 pandemic and its short-term and long-term effects, SGLB executed its strategic business plan and achieved almost every major milestone it had identified going into the year. Ruport specifically mentioned global agreements with DMG MORI, Additive Industries and Materialise; a strengthened balance sheet; expanded PrintRite3D(R) product line, including PrintRite3D Lite and PrintRite3D DED; PrintRite3D technology validated by new contracts with major universities, global manufacturers, 3D printer OEMs and AM software companies; and additional patents to protect the company’s intellectual property and first-mover advantage. “Our plan is in place, and we have proven that we can execute, even in difficult times,” said Sigma Labs president and CEO Mark K. Ruport in the letter. “Now, with the wind at our back, the foundation that we built in 2020 provides a springboard from which we expect to launch the Company into an era of technical and thought leadership, radical collaboration with our customers and partners, increased revenue growth, and shareholder value.”
To view the full letter, visit https://ibn.fm/o38qq
About Sigma Labs Inc.
Sigma Labs is a leading provider of in-process quality assurance (“IPQA(R)”) software to the additive manufacturing industry. Sigma Labs specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D(R) for 3D metal advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real time during the manufacturing process, enabling significant cost savings and production efficiencies. Sigma Labs believes its software product will be a major catalyst for the acceleration and adoption of 3D metal printing. For more information about the company, visit www.SigmaLabsInc.com
NOTE TO INVESTORS:
The latest news and updates relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB
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