- Sigma
Labs Inc.’s PrintRite 3D quality-assurance software well-positioned to
disrupt evolving 3D printing industry
- Company
recently announced appointment of highly respected software veteran, Mark
K. Ruport, as executive chairman
- Ruport
intends to leverage company’s market momentum, accelerate growth, and
increase shareholder value
Software companies can prove to be exceptionally lucrative
and rewarding when they provide critical solutions to complex problems. Sigma
Labs Inc. (NASDAQ: SGLB) is in just such an enviable position. The
company is the recognized pioneer in the development and commercialization of
real-time, computer-aided inspection solutions for the 3D metal printing
industry. The 3D printing industry is poised for explosive growth but has been
hampered by the costly sub-par quality yields and complex processes of
post-production inspection of 3D printed parts. These parts must meet stringent
specifications for use in demanding environments such as aerospace and
currently can only be inspected after production using CT scans and other time
consuming, costly techniques. SGLB’s innovative technology has disruptive
potential in the evolving 3D printing industry.
Sigma Lab’s patented PrintRite 3D quality-assurance software
resolves the problem of costly inspection by enabling nondestructive,
in-process quality control elements. Unlike anything else on the market, the
company’s latest PrintRite3D software integrates inspection, feedback, data
collection, and critical analysis into a unified platform. For the first time
in the industry, Sigma Lab’s PrintRite 3D allows errors to be corrected in real
time in process, leading to reduced costs and increased manufacturing yields.
Sigma Labs’ PrintRite3D has been third party validated for
efficacy, and the company has already engaged 19 beta customers with many of
the biggest players in the industry. Two of these programs, after realizing the
technology’s benefits during the beta stage, have awarded Sigma Labs Phase 2
contracts for its rapid test and evaluation program, the last step before full
commercial orders.
To turbocharge these efforts, Sigma Labs recently announced
the appointment of the highly respected software veteran, Mark K. Ruport, to
the post of executive chairman. Mr. Ruport brings a stellar resume of building
companies through strategic relationships, joint development agreements,
innovative sales strategies and a focused management of day-to-day operations.
Teaming with CEO and board member John Rice, he intends to leverage the
company’s market momentum, accelerate its growth and increase shareholder
value.
With over 30 years of public and private company experience
in the software sector, Mr. Ruport has a wealth of experience in driving value
while guiding software companies to success. He played an instrumental role in
multiple transactions that have delivered enormous shareholder value.
Prior to joining Sigma Labs, Mr. Ruport served as Executive
Chairman of Content Analyst Company, a leading developer of advanced analytics
software until its acquisition by its largest customer in 2017. Previously, he
served as president and CEO of Configuresoft, a venture-backed Enterprise
Systems Management company where Mr. Ruport orchestrated an OEM contract that
later led to the acquisition of the company by EMC. Prior to Configuresoft, Mr.
Ruport served as Chairman and CEO of Optika, a venture-backed Enterprise
Content Management Company that he led from a start-up of 30 employees through
an Initial Public Offering, international growth and a successful transaction
to merge with Stellent, Inc., which was subsequently acquired by Oracle. Mr.
Ruport was also CEO of Interleaf, a public software company and held senior executive
positions at Informix (later acquired by IBM) and Cullinet (later acquired by
CA, Inc.).
With so many lucrative, successful transactions under his
belt, there should be little doubt about Mr. Ruport’s intentions. An industry
heavy weight, his appointment to lead Sigma labs should be indicative of where
the company is headed. Sigma Labs’ ability to attract reputable industry talent
like Ruport is especially noteworthy to investors.
“The ability to have an immediate, tangible impact on Sigma
Labs with the apparent adoption of its incredible technology in the marketplace
is a unique and exciting opportunity,” Ruport said in a news release (http://ibn.fm/gcaoV). “My focus
will be on accelerating our commercial adoption with strategic partners and
amplifying the recent success John and his team have achieved. This blueprint
is something I am very familiar with given my experience with disruptive
companies in the software sector and I look forward to working with the entire
team at Sigma Labs to drive forward its strategic initiatives.”
Ruport’s reputation for value driving and securing lucrative
transactions bodes well for SGLB’s increasing presence in the 3D printing
industry; the company’s “incredible technology” offers lucrative potential for
current shareholders.
For more information, visit the company’s website at www.SigmaLabsInc.com
NOTE TO INVESTORS: The latest news and updates
relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB
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