Replies to post #44494 on Sigma Labs Inc (SASI)

[Windbag1014]

From the March conference call.

Unidentified Participant:
Mark. Could you tell us a little bit about how these sales happen, is it a subscription, are you -- are these one-timers. And for companies like GE and Honeywell that you are working with government contracts, are there any non-government contract revenues that you are producing through those two or anyone I guess, yeah, through GE and Honey?

Mark Cola, President and Chief Executive Officer:
Yeah. So good question, interesting, Tim. So the -- on the revenue side for PrintRite3D and I'll break it down by our operating division. On the PrintRite3D side, we at the end of last year in the fourth quarter, the majority actually all of those PrintRite sales were for -- you asked the question, how that work?
It includes both a hardware aspect and a software license aspect. The hardware sales side of that is a one-time fee and on the software side, it's a one-time upfront fee with a 22% annual maintenance and license agreement associated with that. So all of those systems we sold at the end of last year were sold in that manner.
And so they all have a recurring revenue component to them on the software side. And regarding the GE Aviation and Honeywell government's concert programs, both of those entities have purchased systems and they're being specifically used and licensed for the use under those contracts, GE Aviation with America Makes and Honeywell through the DARPA effort. Hopefully, that sheds a bit of light on how that works.