Sigma Labs (NASDAQ: SGLB)
, a leading developer of quality assurance software for the commercial 3D metal printing industry, announced that it has been named to the Russell Microcap(R) Index effective today with the annual Russell U.S. Indexes reconstitution. The announcement noted that membership in the Russell Microcap Index also entails automatic inclusion in other appropriate growth and value style indexes. Investment managers and institutional investors commonly use Russell US Indexes as the basis for index funds and as benchmarks for active investment strategies; in fact, an estimated $9 trillion in assets are benchmarked against Russell US Indexes. FTSE Russell, a leading global index provider, determines membership for its indexes every year; the determination is made primarily through objective market capitalization ranking, and style attributes. “The inclusion of Sigma Labs to the Russell Microcap Index will enable greater access and visibility to institutional investors and investment managers,” said Sigma Labs president and CEO Mark K. Ruport in the press release. “We are moving forward on multiple fronts on our internal roadmap with a strengthened balance sheet, a growing customer base, and a robust outlook for the 3D metal printing market. Our team’s hard work and dedication have brought us to this point, and I believe we are well-positioned to continue building momentum and drive value as the market accelerates.”
To view the full press release, visit https://ibn.fm/djEnx
About Sigma Labs Inc.
Sigma Labs is a leading provider of in-process quality assurance (“IPQA”) 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 in 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, please visit www.SigmaLabsInc.com
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The latest news and updates relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB
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