Sigma Labs (NASDAQ: SGLB), a leading developer of quality
assurance software for the commercial 3D printing industry, this morning
released a letter to its shareholders from the company’s Executive Chairman
Mark K. Ruport. In the letter, Ruport provides an update as to how Sigma Labs
is responding to today’s uncertain environment, steps it is taking to ensure
safety of its employees and frequent contact between the Sigma team and its
customers, as well as optimism of the importance and relevance in what the
company is doing for the 3D printing industry. “At the macro level, we have
always felt that 3D printing has the potential to return a percentage of
manufacturing to the United States due to the fact that there is significantly
less labor cost and material loss compared to traditional manufacturing. The
recent crisis has highlighted, however, the fact that many supply chains are
too long and complex and, as such, are vulnerable to issues in times of
uncertainty,” Ruport states in the letter. “Many predict that 3D metal
printing, which was already forecasted to grow substantially over the next few
years, will accelerate as companies rethink their supply chain strategies and
consider the proximity of the manufacturing site to where the part might be
needed. The analog to this is what Amazon and Walmart have done regarding the
importance of localized product warehousing, distribution and staging
capabilities closer to customers. Threats of COVID-19, trade wars, culture
barriers, and political alienation will force manufacturers to consider
strategies that increase their agility and shorten the cycle-time from initial
demand, to manufacture and ultimately to delivery.”
To view the full press release, visit http://ibn.fm/9IUI0
About Sigma Labs Inc.
Sigma Labs is an emerging provider of quality-assurance
software to the commercial 3D-printing industry under the PrintRite3D brand.
Founded in 2010, Sigma is a software company that specializes in the
development and commercialization of real-time, computer-aided inspection
(“CAI”) solutions known as PrintRite3D for 3D advanced-manufacturing
technologies. Sigma Labs’ advanced computer-aided software product
revolutionizes commercial additive manufacturing, enabling nondestructive
quality assurance mid-production, uniquely allowing errors to be corrected in
real time. For more information, please visit 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
About MissionIRNewsBreaks
MissionIRNewsBreaks provide
a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by
our Team of professional journalists that keep a constant eye on the markets,
these posts are designed to inform you on the latest happenings of our clients
and other publicly traded companies on our radar. From earnings, acquisitions
and agreements to conference attendance and clinical study results, our news
breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused
on strategic communications. We have executed countless communications programs
to address the needs of companies ranging from start-ups to established
industry leaders, gaining valuable experience and the expertise necessary to
determine the most effective strategy for any given situation.
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
