Sigma Labs, Inc. Announces Alliance with OXYS Corporation of Cambridge, MA to Bring Industrie 4.0 Solutions to Additive Manuf...
06 Julho 2017 - 9:00AM
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 Technology Development
Agreement (TDA) with OXYS Corporation (www.oxyscorp.com), a
technology company in Cambridge, MA working in the Industrie 4.0
space. The first project to be executed under the TDA will be
a new architecture platform for the Company's PrintRite3D® INSPECT.
The Company expects that the completed project will allow for
miniaturization of the sensor/hardware PrintRite3D® product,
enhancements to the level of hardware/software integration moving
it towards board-level integration, as well as broaden the market
reach of the Company's PrintRite3D® technology to the Smart Factory
and the larger Digital Enterprise, including polymer-based 3D
printing.
Mark Cola, CEO of Sigma Labs, observed that
“Industrie 4.0 is so named because it represents the fourth
industrial revolution and a new way of thinking of both the factory
as well as the broader digital enterprise. The first three
industrial revolutions brought us mechanization, mass production,
and computerization respectively. Industrie 4.0 represents the
complete interconnectedness of the digital enterprise across
multiple dimensions. Internal to the organization, there is a
single digital thread linking the highest enterprise level
applications and decisions to the lowest shop floor sensor
data. Externally facing the customer, there is unprecedented
continuity and quality of customer experience as well as visibility
and transparency, again facilitated by the ubiquitous presence of
cyber-physical objects seamlessly bridging digital and physical
worlds. Our collaboration with OXYS represents a first but
important step for Sigma Labs to enter this broader world of
applications, markets, and value creation for our customers.”
Giro DiBiase, CEO of OXYS Corporation, added
“OXYS Corporation is a Cambridge, MA based startup which fully
leverages the tremendous innovation ecosystem of Cambridge and such
universities as MIT, Harvard, Boston University, Tufts,
Northeastern, among others. We have an outstanding founding group
with deep roots and connectivity to this ecosystem, and access to
the best software talent on the planet. As a first step
with Sigma Labs, we plan to work on an Industrie 4.0 compatible
version of their solutions for Additive Manufacturing. Then we will
work with them to significantly expand market presence and
opportunities to many other processes in the manufacturing and
smart factory domain.”
Mark Cola summarized by observing that, “this
collaboration brings together two great innovation traditions: the
DOE National Labs and MIT and Cambridge. Sigma Labs has roots in
the National Labs, and OXYS has roots at MIT and Cambridge.
Together we will bring together best in class talent for the
purpose of expanding into new markets, creating new revenue
opportunities for both companies, and creating significant value
for our customers and investors.”
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.
Forward-Looking StatementsThis
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
Sigma Labs (NASDAQ:SGLBW)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Sigma Labs (NASDAQ:SGLBW)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024