Sigma Labs Inc (SASI)

[criticalnugz]

From the Q3 2015 CC:

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.[/quote