Sigma Labs Inc (SASI)

[Jackle]

We believe that the potential revenue realizable from a successful RTE that leads to deployment ranges from $2 million to $4 million per average major end user.

Surging over the past 12 months, we now have a hardened commercial, industrial, user-friendly product with 19 beta customers who are some of the largest industrial companies in the planet and in the top echelon of additive manufacturing OEMs. Today, we are beginning the completion phase on some test and evaluations that a year ago we were just setting out to sell

On a new front, commencing with the release of PrintRite3D 5.0 in May 2019, Sigma opened a third channel to market. PrintRite3D 5.0 is the user-friendly version of our product to market that no longer requires substantial on-site customer support from Sigma. And therefore, the company commenced selling on research tanks, university, small users, they open a retail channel. As of today, the pipeline of signed purchase orders in the channel total $442,000 (sic) [$317,000], and we have verbal commitments for POs totaling approximately $895,000.

And fourth, we expect our cash usage to decrease during the fourth quarter of 2019 as major initiatives in these areas have now been completed. The foundation building for our PrintRite3D commercial launch has largely been completed from a financial perspective in the third quarter of 2019.

The retail channel, which essentially has been created in the past 6 months, that went from 0 to about 75% or 80% of that $1.2 million in the pipeline now. We can't prove whether that's a sustainable rate, but it's reasonable to think it might be


...the dislocation is ending soon.