Sigma Labs Inc (SASI)

[MDuffy]

More on ARMS/BAM, as well as Vivek's KMI:

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10266066

ARMS Technology
On June 23, 2014, Knowledge Machine entered into a Stock Purchase Agreement with Allotrope Sciences Corporation, a Delaware corporation (“ Allotrope ”) to purchase twelve percent of the total number of shares of Allotrope’s common stock for $150,000. Three payments of $50,000 each were due within ten, 30, and 90 business days of the signing of the agreement. The first payment of $50,000 was made prior to June 30, 2014. On October 14, 2014, the Company and Allotrope rescinded the original agreement and are in the process of renegotiating the transaction, with the intent that the $50,000 would be used towards future joint venture activities.
Allotrope is a company that is commercializing a new technology called ARMS under exclusive license agreements. ARMS stands for “Advanced Reactive Munitions and Structures.” This new technology is ideally suited for unmanned aerial vehicles (“ UAV ”) or drone warfare and the security needs and combat missions of the future for armies around the globe. Security needs of the future include counter-terrorism, drug enforcement, counter piracy, and counter-insurgency in addition to potential threats posed by countries of states. These conflicts are often in densely populated urban environments where avoiding collateral damage is essential, or conversely in very remote environments where deploying large scale forces is impractical. UAVs and drones will find increasing use in both types of conditions.
UAVs and drones are currently an annual $7B market growing at 5%+ compound annual growth rate (“ CAGR ”). Manufacturers are seeking to include new weapon systems as part of their offerings, not just selling the aircraft only. ARMS is an ideal technology for this application because it is very lightweight – up to 50% lighter than conventional weapons – and it packs a bigger punch because the metal that makes up ARMS releases energy on impact – up to 50% higher energy output per pound. This means the weapons can be made much lighter while still having the power required. Conversely, the weapons could be miniaturized for precision strike in urban environments without collateral damage. We seek to enter into an agreement with Allotrope for the licensing of their technology and to working with both foreign and domestic companies to commercialize the ARMS technology for UAV/drone use and to generate revenues through material sales, licensing, and partnerships with manufacturers globally.

This means b6Sigma gets their original royalty- and KMI gets a portion of what was allocated to Allotrope. The plot thickens…. :)