Sigma Labs Inc (SASI)

[DriftinWayOfLife]

Z, I have been away for a while and am catching up on the board this morning. I notice in C Witty's response that GE can use the systems for

"nonJTDA programs as agreed to... by GE and SGLB


this appears to be possibly in conflict with the question and answer I got from Mark during the last earnings report. Specifically

Unidentified Analyst

Contractually with Sigma, was there some sort of agreement within the joint technology development agreement that would limit their use of the system to developing the technology or were they free to use these systems in the production of parts for sale such as the fuel nozzles that are to be manufactured at the Auburn plant?

Mark Cola

Okay, thank you for clarifying, yes, thanks Paul for the question. And so, GE has two of our PrintRite Systems. They were purchased by GE not Morris. And the joint technology agreement we have with GE does restrict them to use these systems in research, test and evaluation environments. And they are not to be used for production. The licensing they have is strictly for that research test and evaluation purposes.

So, any new systems that would be installed at GE would be for production purposes and have different licensing arrangements associated with them.

Seems to me that Mark had better be ready to explain on March 15 what the agreement is and what is meant by "program" . At a minimum, this implies that the connection between GE and SGLB is ongoing and that SGLB and PR3D have not been abandoned by GE.

Additionally, I am struck by the negative turn in sentiment on the board in the absence of any substantial negative news. My POV has not changed. I understand that Sigma's IPQA is for production runs and that the production runs are just starting. It is not needed for FAA approval as it is not an accepted standard, as yet. Within the reasonably near future there are AmericMakes projects and NIST reports that are expected to be completed. This recent period of pps wobbling around .05 could well be a buying opportunity...at least that is how I am playing it.

patience and GLTA