Sigma Labs Inc (SASI)

[GetRich1day]

BuckeyeStocks, Thanks for posting. This is part of that DARPA phase 2 that SGLB is working with Honeywell. IPQA is being built right into that ICME framework. I posted about it a couple times before. Companies like Alcoa, GE, and Ford are using ICME principles. Very exciting times ahead for SGLB as this ICME framework I'm anticipating being used as a blueprint for AM in the military and commercially which aligns SGLB for great long term growth. I asked Mark about it at the last call. Here are the questions and Mark's response.

Unidentified Analyst

Another question about your DARPA phase 2 with Honeywell. I know it's starting to end in mid-2016. I was wondering if the progress is looking good for potential phase 3 with that.

Mark Cola

Yes, there is a great question. So we're actually doing quite well. We had a good review session with DARPA in the middle of February. DARPA remains pleased with the progress of Honeywell as the prime and its subcontractors, and things looked favorable for further opportunity with DARPA.

Unidentified Analyst

Okay. And I noticed on some slides that Honeywell seems to be placed in your RPQA Technology, kind of in the middle of that ICME framework. And I was wondering if you consider that to be a possible source of revenue should ACM framework continue adoption of course the AM industry, I've noticed things like GE, ICME, and places like Alcoha [ph] have adopted ICME. So I just wonder what your thoughts were on that.

Mark Cola

Yes, another good question. And so the ICME approach is quite a valuable approach. It's a bit more long term and again we remain lockstep with Honeywell and their ICME activities, specifically through the DARPA funded and sponsored program, and that's partly why we are partnering if you will with 3DSIM and others because we know that there is certain aspects of all these that modeling plays a very important role. Long-term modeling would effectively be able to reduce cycle times to do process development for all of these OEM sort of customers. Ultimately, at the end of the day, that reduces time and of course cost. And so that's why we're working with modeling folks such 3DSIM and remain closely integrated with the DARPA team and their activities.

There is a lot of other programs that are on the horizon that all play to this ICME space because they recognize the value of it. So back to your initial question, does it represent revenue opportunity for us? Yes, on all of the fronts. From involvement with these federally funded programs and ultimately downstream as they begin to adopt this technology, our technology, be rolled into their methodology and approach.