Sigma Labs enters into long term commercial agreement with major European OEM

January 20, 2017

Sigma Labs, Inc., based in Santa Fe, New Mexico, USA, has announced that it has entered into a long term non-exclusive commercial agreement with a leading European provider of Additive Manufacturing equipment via the company’s OEM Partner Program. Under the multi-year agreement, said to be worth up to $6 million over its duration, the undisclosed OEM will embed and resell Sigma’s PrintRite3D® software within its AM equipment.

“We are excited to have such a highly-regarded company, which cannot be named due to competitive reasons, be an OEM partner going forward,” stated Mark Cola, President and CEO of Sigma Labs. “Building strategic relationships with equipment OEMs has always been a key element of Sigma Labs’ growth strategy – enabling our software to be embedded in AM machines as a salient feature from the very beginning.”

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.

“As part of this agreement, our partner will be able to provide the full power of Sigma Labs’ PrintRite3D® capabilities to its customers, ensuring they can maximize the benefits of In-Process Quality Assurance™ (IPQA®) during Additive Manufacturing – which should increase production yields, process reliability, and part quality. The agreement is an important milestone for Sigma Labs as we build alliances to better serve the burgeoning AM industry and bolster our long-term growth trajectory,” added Cola.

www.sigmalabsinc.com

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