Sigma Labs Wins Phase III DARPA Contract with Honeywell

SANTA FE, N.M., Dec. 21, 2016 (GLOBE NEWSWIRE) -- Sigma Labs, Inc. (OTCQB:SGLB) (“Sigma Labs” or the “Company”), a provider of quality assurance software under the PrintRite3D® brand, today announced that it has received a contract from Honeywell Aerospace as part of a previously- announced award with the Defense Advanced Research Project Agency (DARPA) for Open Manufacturing (OM) Phase III; Phase I and II were completed in 2014 and earlier in 2016, respectively. The DARPA OM program’s goal is to develop an Integrated Computational Material Engineering (ICME) framework to accurately predict the properties of metal components produced using additive manufacturing (AM). Phase III work is expected to begin before the end of 2016 and run through mid-2018 – with a total award value to Sigma Labs of approximately $0.4 million.

"We are very pleased to have once again been selected for a follow-on contract with Honeywell as part of their DARPA OM award,” said Mark Cola, President and Chief Executive Officer of Sigma Labs. “Having successfully completed the Phase II piece of the program earlier this year, we look forward to working with Honeywell and its team to further demonstrate how our PrintRite3D® technology enables rapid manufacturing processes such as laser-based 3D printing for precision metal components. Through this award, we’ll have the opportunity to demonstrate how our PrintRite3D® software can be a key enabler for developing quality assurance standards for metal AM aerospace components.”  

DARPA created the Open Manufacturing program to lower the cost and speed the delivery of high-quality manufactured goods with predictable performance. Additional information can be found at: http://www.darpa.mil/program/open-manufacturing.

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 Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." These forward-looking statements are subject to a number of risks, uncertainties and assumptions that could adversely affect us, including the risks set forth in Sigma Labs' most recent annual report on Form 10-K. The forward-looking statements in this press release are made only as of the date of this press release. Sigma Labs undertakes no obligation to update any of these forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact:
Chris Witty
cwitty@darrowir.com
646-438-9385




Review Article Be the first to review this article


Featured Video
Jobs
GIS Manager for City of Vancouver at Vancouver, Washington
Engineer III - Hydraulics for State of Nebraska at Lincoln, California
Geospatial Mapping Training and Support Specialist for Duncan-Parnell Inc. at Morrisville, North Carolina
US-Based Geospatial Software Sales Representative for Kongsberg Geospatial at Ottawa, Any State in the USA
GIS Sales and Business Development for Duncan-Parnell Inc. at Ashland, Virginia
GIS Analyst for County of Bernalillo at Albuquerque, NM, New Mexico
Upcoming Events
GI_Forum 2021 | re.connecting spatially at Salzburg Austria - Jul 5 - 9, 2021
InterDrone 2021 at Hyatt Regency Dallas TX - Aug 10 - 12, 2021
URISA GIS Leadership Academy at 701 Lee St #960 Des Plaines IL - Aug 16 - 20, 2021
8th International Scientific Conference on SOCIAL SCIENCES (ISCSS) 2021 at Congress Centre MARITIM PARADISE BLUE Albena Bulgaria - Aug 21 - 30, 2021
University of Denver GIS Masters Degree Online
UAV Expo2021 -Register   & save



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise