Sigma Labs Inc (SASI)

[TedJ]

I don't think the phases were intention on Sigma's part. I think it just evolved that way. I think Sigma hoped that the 1 machine RTE would lead directly to multiple machine sales.

But I think the companies may have finished the 1 machine tests and then started thinking about the fact that many have multiple machines from different OEMs or models and then asked to do "phase 2" test on a couple of different machines.

What I hope is that the 20% pricing for the "phase 1" test is limited to the phase 1 and that the companies will get charged full price for machines 2, 3, 4, etc. And that maybe that the remaining 80% from machine 1 gets billed and paid as they move forward.

This could kick up revenues a bit for the fourth quarter. Maybe to $2-300K?