Sigma Labs Cloud-Based PrintRite3D® INSPECT® Software Version 2.0 Delivered to Siemens Industrial Turbomachinery AB

SANTA FE, N.M., Sept. 05, 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 the Company's cloud-based PrintRite3D® INSPECT® software Version 2.0 was recently installed at the advanced additive manufacturing ("AM") facility operated by Siemens Industrial Turbomachinery AB in Sweden ( https://www.siemens.com/innovation/en/home/pictures-of-the-future/industry-and-automation/additive-manufacturing-3d-spare-parts-gas-turbines.html).

As previously announced, Sigma Labs' cloud-based PrintRite3D® INSPECT® software Version 2.0 has also been recently installed at Woodward, Inc., and at Honeywell Aerospace, Phoenix, AZ, in support of the Honeywell lead, DARPA Phase III -sponsored Open Manufacturing Program, and will soon be installed at Solar Turbines, a Division of Caterpillar in San Diego, CA. 

“We are very pleased to continue building on the momentum of growing installations and customers using our web-based INSPECT 2.0 software,” said Mark Cola, President and CTO of Sigma Labs. “Siemens Industrial Turbomachinery is a leading manufacturer of land-based gas turbines and their incorporation of additive manufacturing with our PrintRite3D® INSPECT® software Version 2.0 is a testament to the value of our technology in their continuing efforts to further improve precision and quality in their additive manufacturing activities.”

PrintRite3D® INSPECT® software Version 2.0 is now available as a data API platform and allows for web-based access to metal AM machines, providing users the ability to monitor AM machines, and capture and record the entire build sequence. As previously reported, Sigma Labs will soon be releasing a smart device app for its PrintRite3D® INSPECT® software Version 2.0. 

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 Siemens Industrial Turbomachinery AB
Siemens Industrial Turbomachinery AB (SIT) provides the world with gas turbines and gas turbine based solutions for a sustainable and cost efficient production of electricity, steam and heat. The turbines also work as movers for compressors and pumps, predominantly in the oil and gas business. A complete service organization covers all delivered products and solutions. SIT has 2,700 employees in Sweden and a total turnover of 10 billion SEK.

Siemens Industrial Turbomachinery AB operates as a subsidiary of Siemens Aktiengesellschaft.

Forward-Looking Statements
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 March 31, 2017 and which may be viewed at http://www.sec.gov.

Investor Relations Contact:
Bret Shapiro
Managing Director
CORE IR
561-479-8566 
brets@coreir.com




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