Hey Mama, Could it not be something to do with the small lot production from their own printer coming online, as mentioned in the report? Initial revenue does not sound so " grand " as I would imagine a GE contract would.... Just a thought mind you...
SANTA FE, N.M., December 26, 2013 -- Sigma Labs, Inc. (OTCBB: SGLB), a developer of advanced, real-time, non-destructive quality inspection systems for 3D metal printing and other advanced manufacturing technologies, today announced that it delivered two of its PrintRite3D® quality assurance systems for 3D metal printing to a leading aerospace company. Sigma Labs expects to generate up to $975,000 in revenues during 2014 as the PrintRite3D® systems undergo test and evaluation. PrintRite3D® is Sigma Labs' patented and proprietary product that quickly assesses the quality of a part during the production process using 3D printing, by using real-time data as opposed to waiting for costly post-process inspection. Therefore, PrintRite3D® eliminates the current problem in 3D printing of high inspection costs for critical 3D printed metal parts, thereby enabling additional applications of Sigma Labs' technology to industries other than the aerospace industry which are presently too cost-sensitive for the current technology’s price point.
Mark Cola, President and Chief Executive Officer of Sigma Labs, stated that: "This important delivery is the result of our determined commercialization efforts as we transition to production during 2014. We expect additional PrintRite3D® business from this customer as well as with a variety of major aerospace companies over the near term. We look forward to helping all our customers achieve their critical quality control goals for 3D metal printed parts."
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