Published On: Fri, Dec 27th, 2013

Sigma Labs, Inc. (OTCBB: SGLB) Announces Development of Technology to Support Low Cost 3D Metal Printer

Sigma Labs, Inc. (OTCBB: SGLB), a company which develops and engineers advanced, real-time, non-destructive quality inspection systems for commercial firms worldwide seeking productive solutions for 3D metal printing and other advanced manufacturing technologies, announced Monday, December 23rd, 2013, the development of technology to support a low-cost, 3D metal printer based on arc welding technology.

The company has established key alliances as part of this initiative.  This includes a Memorandum of Understanding (MOU), entered into as of December 20, 2013, between Sigma Labs and MichiganTechnologicalUniversity (Michigan Tech). The MOU with Michigan Tech sets forth the parties’ intent to collaborate technically in the development of technology for a low-cost, 3D metal printer for near-net shape parts that require only 3 or 5 axis machining to take the parts to final form.

Pursuant to the MOU, neither Sigma Labs nor Michigan Tech is obligated to take any action until a mutually acceptable agreement has been executed.  There can be no assurances, however, that the parties will enter into such a definitive agreement.

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