Replies to post #41881 on Sigma Labs Inc (SASI)

[chef911]

Great question. Yes, I did see that call. We did evaluate that opportunity space that was in SPIR call. Typically those programs unless they're what's known as a direct to phase two, are generally reasonably small tools of money made available for SPIR phase one. Generally they are $100,000 or less. It's a lot of work of 100K particularly for a small business like us. And so we decided that that was not the right opportunity for us. But to that point, last July, there was an industry event that was held by the Office of Naval Research where they're looking in the next year or so to come out with a much, much larger call, sort of on the order of DARPA sort of related program, that sort of funding level where we've not actively engaged with multiple primes to be considered for teaming opportunities there.

So we're generally again focused on opportunities to get us to where we need to be faster than if we could do it on our own, and the one that you mentioned was not going to do that for us. Other opportunities as the one I mentioned, O&R, the upcoming O&R, it’s called Quality Made, might be an opportunity for us and we're evaluating that. But generally, our business models are aligned with stay focused on getting these operating divisions up and running and producing revenue recurring for us, and then look at these other sort of space. But again, back to if it makes sense and it gets us to where we need to be faster than we can do on our own, then absolutely we're all in. But, the one you mentioned didn't provide that opportunity for us.

Uh, sort of