![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, April 10, 2013 11:02:19 AM
Quite good news i think. Potential source of significant revenues allows SGLB to pursue further development and partnerships for 3D printing.
----------
SANTA FE, N.M., April 10, 2013 /PRNewswire/ -- Sigma Labs, Inc. (SGLB) announced today that it has signed a licensing agreement with Allotrope Sciences, Corp. to market and commercialize Sigma Labs innovative reactive munitions technologies – ARMS and BAM. Terms were not disclosed.
Bonded Advanced Materials ("BAM") and Advanced Reactive Materials and Structures ("ARMS") are projectile and munitions-related technologies developed by Sigma Labs, and have wide applicability for use on new weapons systems.
Allotrope was founded by and Alan Yarborough and Dr. Robert Phillips specifically established for the commercialization of innovative defense related technologies. The founders have significant previous success in selling novel technologies to military and defense customers, such as U.S. Government clients.
Mark Cola, President and Chief Executive Officer of Sigma Labs, stated that "Allotrope is precisely the type of commercialization partner we seek: Allotrope's management has a proven track record in selling to government clients and also has significant experience with munitions and military technology. They also have the ability to follow through on a well-developed business plan that involves further product development as well as marketing and sales." Alan Yarborough, Chief Executive Officer of Allotrope, stated that "Both through my direct military service as well as my support roles in counter-terrorism, force transformation, counter-IED, etc., I have a thorough appreciation of what is required to market Sigma's munitions technology to the military sector. I am very optimistic about the potential of Sigma Labs' unique technology offerings and will immediately commence an aggressive plan of commercialization which we have organized to serve U.S. military and allied interests globally."
Mark Cola, President and Chief Executive Officer of Sigma, added that "As part of our strategy to monetize our IP and realize significant revenue growth within the 2013-2014 timeframe, this agreement considerably advances the commercialization of our munitions technologies. Further, this agreement allows Sigma Labs to continue its' focus on other technical areas such as Additive Manufacturing and 3D printing, where we have focused the majority of our effort at this time."
About Sigma Labs, Inc.
Sigma Labs, Inc. has three wholly-owned subsidiaries – B6 Sigma, Inc., Sumner & Lawrence Limited (dba Sumner Associates) and La Mancha Company. B6 Sigma develops advanced manufacturing solutions and materials technologies, as well as R&D solutions for first-tier integrators and other commercial firms worldwide. Sumner Associates and La Mancha provide high-level consultants to Federal government and commercial clients seeking productive solutions for emerging and strategic development technologies. Sigma Labs has current contracts with Federal government and private industry clients to provide high-level consultants and develop technologies from their conception through the design, building, and testing of prototype systems. For more information please visit us at www.sigmalabsinc.com.
Solid DD combined with timeliness and conviction is a recipe for profits.
Recent SASI News
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 03/06/2024 02:09:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 09:20:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 10:11:48 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/12/2024 02:01:27 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/09/2024 10:30:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 01:25:51 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 01/30/2024 11:12:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 09:45:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:15:49 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/16/2024 09:30:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 01:32:12 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/10/2024 09:30:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 10:00:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 01:39:21 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 01:38:26 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 01:30:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 10:20:32 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/07/2023 01:35:07 PM
- Sigma Additive Solutions Announces Filing of Definitive Proxy Statement Relating to Proposed Acquisition and Shareholder Vote • Business Wire • 12/07/2023 01:31:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/01/2023 11:03:17 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/24/2023 09:05:37 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM